The Qatar Stock Exchange (QSE) index gained by 190.17 points, or 1.79%, during the week to close at 10,819.30. Market capitalisation moved up by 1.84% to QR579.4bn versus QR568.96bn at the end of the previous week. Of the 44 listed companies, 27 ended the week higher, while 16 fell and one remained unchanged. Medicare (MCGS) was the best performing stock for the week with a gain of 10.55% on 1.9mn shares traded. On the other hand, Dlala (DBIS) was the worst performing stock with a decline of 5.4% on 73,174 shares traded.
Industries Qatar (IQCD), QNB Group (QNBK) and Ooredoo (ORDS) were the primary contributors to the weekly index gain. IQCD was the biggest contributor to the index’s weekly increase, adding 43.9 points to the index. QNBK was the second biggest contributor to the gains, tacking on 38.5 points to the index. Moreover, ORDS contributed 36.2 points to the index. On the other hand, Commercial Bank (CBQK) deleted 7.2 points.
Trading value during the week increased by 3.91% to reach QR1.34bn versus QR1.29bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 25.1% of the total trading value. The real estate sector was the second biggest contributor to the overall trading value, accounting for 19.4% of the total trading value. Barwa Real Estate (BRES) was the top value traded stock during the week with total traded value of QR166.6mn.
Trading volume decreased by 15.66% to reach 36.3mn shares versus 43.0mn in the prior week. The number of transactions fell by 2.19% to reach 17,054 versus 17,436 in the prior week. The real estate sector led the trading volume, accounting for 27.47%, followed by the telecoms sector, which accounted for 18.99% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 6.5mn shares.
Foreign institutions remained bullish during the week with net buying of QR152.0mn versus net buying of QR7.0mn in the prior week. Qatari institutions turned bearish with net selling of QR195.3mn versus net buying of QR11.9mn the week before. Foreign retail investors remained bullish for the week with net buying of QR122.0mn versus net buying of QR2.6mn in the prior week. Qatari retail investors remained bearish with net selling of QR78.1mn versus net selling of QR21.1mn the week before.
In 2017 year-to-date, foreign institutions bought (on a net basis) $71.6mn worth of Qatari equities.
QNB
