Qatar Stock Exchange (QSE) market capitalisation stood at QR542.24bn in the trading week that ended on Thursday, according to QNB Financial Services (QNBFS).
This, QNBFS noted, was 5.4% lower than the QR573.15bn in the previous trading week.
The QSE Index decreased by 562.84 points or 5.41% during the trading week to close at 9,834.79.
Of the 46 listed companies, some 10 companies ended the week higher, while 35 declined and one remained unchanged, QNBFS said.
Qatar Cinema & Film Distribution Company (QCFS) was the best performing stock for the week with a gain of 2.8% on a trading volume of 19,700 shares only.
On the other hand, Qatar Company for Medical Devices (QGMD) was the worst performing stock for the week with a decline of 15.4% on 9.7mn shares traded.
QNB Group (QNBK), Industries Qatar (IQCD) and Qatar Islamic Bank (QIBK) were the primary contributors to the weekly index decline.
QNBK was the biggest contributor to the index’s weekly decrease, deleting 91.4 points from the index.
IQCD was the second biggest contributor to the mentioned loss, erasing 82.4 points from the index. Moreover, QIBK shaved off 75.4 points from the index.
Trading value during the week increased by 24.9% to QR1.08bn compared with QR0.87bn in the prior week.
The ‘Banks & Financial Services’ sector led the trading value during the week, accounting for 53.9% of the total trading value. The ‘Industrials’ sector was the second biggest contributor to the overall trading value, accounting for 20.3% of the total.
QNBK was the top value traded stock during the week with total traded value of QR311.4mn.
Trading volume decreased by 5.35% to reach 324.1mn shares compared with 342.4mn shares in the prior week. The number of transactions increased 23.5% to 31,169 transactions versus 25,234 transactions in the prior week.
The ‘Banks and Financial Services’ sector led the trading volume, accounting for 32.6%, followed by the ‘Industrials’ sector, which accounted for 26.4% of the overall trading volume.
Ezdan Holding Group (ERES) was the top volume traded stock during the week with 42.5mn shares.
Foreign institutions remained bearish with net selling of QR233.6mn compared with net selling of QR47.0mn in the prior week.
Qatari institutions remained bullish with net buying of QR113.8mn compared with net buying of QR106.2mn in the week before. Foreign retail investors remained positive with net buying of QR21.2mn compared with net buying of QR4.3mn in the prior week.
Qatari retail investors turned bullish with net buying of QR98.6mn compared with net selling of QR63.5mn the week before.
Foreign institutions have bought (on net basis) nearly $1.24bn worth of Qatari equities in 2019, QNBFS said.