Qatar Stock Exchange (QSE) has seen its market capitalisation reach QR519.5bn at the end of the trading week that closed on Thursday.
This was 5.2% more than the previous trading week, QNB Financial Services said in its ‘weekly market report.’
The QSE Index increased 438.57 points or 4.64% in five-day sessions to close at 9,886.45 during the trading week, QNB Financial Services said.
Of the 45 listed companies, some 28 companies ended the week higher, while 16 declined and one remained unchanged.
Qatar Islamic Bank was the “best performing” stock for the week with a gain of a 12.9% on 695,263 shares traded.
On the other hand, Aamal was the worst performing stock for the week with a decline of 3.8% on 149,672 shares traded.
QNB Group, Qatar Islamic Bank and Industries Qatar were the primary contributors to the weekly index gains.
QNB Group was the biggest contributor to the index’s weekly increase, adding 141.8 points to the index.
Qatar Islamic Bank was the second biggest contributor to the mentioned gains, contributing 131.8 points to the index. Moreover, Industries Qatar tacked on 53.4 points to the index.
On the other hand, Al Meera Consumer Goods & Services Company deleted 2.2 points from the index, QNB Financial Services said.
Trading value during the week increased by 54.6% to QR1.1bn compared with QR687.8mn in the prior week.
The ‘Banks and Financial Services’ sector led trading value during the week, accounting for 43.6% of the total trading value.
The ‘Industrial sector’ was the second biggest contributor to the overall trading value, accounting for 19% of the total trading value.
QNB Group was the top value traded stock during the week with total traded value of QR208.3mn.
Trading volume increased by 38.4% to reach 31.5mn shares versus 22.8mn shares in the prior week.
The number of transactions increased by 25.3% to reach 18,406 versus 14,691 transactions in the prior week.
The ‘real estate’ sector led the trading volume, accounting for 30%, followed by the ‘banks and financial services’ sector, which accounted for 24.8% of the overall trading volume.
Ezdan Holding Group was the top volume traded stock during the week with 5.5mn shares.
QNB Financial Services said foreign institutions remained bullish with net buying of QR192.3mn compared with net buying of QR5.3mn in the previous week.
Qatari institutions remained bearish with net selling of QR52.8mn versus net selling of QR58.7mn in the week before. Foreign retail investors remained bearish with net selling of QR26.2mn compared with net selling of QR5.4mn in the prior week.
Qatari retail investors turned bearish with net selling of QR113.2mn versus net buying of QR47.9mn the week before. Foreign institutions bought (on a net basis) nearly $2.1bn worth of Qatari equities year to date (YTD).