Weekly Mar­ket Re­port

Gulf Times Business - - BUSINESS -

The Qatar Stock Ex­change (QSE) in­dex de­clined 40.95 points, or 0.41%, dur­ing the trad­ing week to close at 9,861.53. Mar­ket cap­i­tal­i­sa­tion de­creased by 0.4% to QR551.7bn ver­sus QR553.7bn at the end of the pre­vi­ous trad­ing week. Of the 45 listed com­pa­nies, 15 ended the week higher, while 27 de­clined and three re­mained un­changed. Dlala Bro­ker­age & In­vest­ment Hold­ing Co (DBIS) was the best per­form­ing stock for the week with a gain of 5.5% on 182,646 shares traded. On the other hand, Ahli Bank (ABQK) was the worst per­form­ing stock for the week with a de­cline of 7.8% on 150 shares traded only.

Com­mer­cial Bank of Qatar ( CBQK), Qatar Is­lamic Bank ( QIBK) and Nak­i­lat ( QGTS) were the pri­mary con­trib­u­tors to the weekly in­dex loss. CBQK was the big­gest con­trib­u­tor to the in­dex’s weekly loss, delet­ing 24.9 points from the in­dex. QIBK was the sec­ond big­gest con­trib­u­tor to the men­tioned de­cline, eras­ing 9.6 points from the in­dex. More­over, QGTS re­moved 8.4 points from the in­dex. On the other hand, Barwa Real Es­tate Co ( BRES) added 16.0 points to the in­dex.

Trad­ing value dur­ing the week de­creased by 27.8% to QR744.3mn ver­sus QR1.0bn in the prior week. The banks and fi­nan­cial ser­vices sec­tor led the trad­ing value dur­ing the week, ac- count­ing for 33.6% of the to­tal trad­ing value. The in­dus­tri­als sec­tor was the sec­ond big­gest con­trib­u­tor to the over­all trad­ing value, ac­count­ing for 23.3% of the to­tal trad­ing value. QNB Group (QNBK) was the top value traded stock dur­ing the week with to­tal traded value of QR118.5mn.

Trad­ing vol­ume de­creased by 27.7% to reach 20.7mn shares ver­sus 28.6mn shares in the prior week. The num­ber of trans­ac­tions de­creased by 14.8% to reach 12,655 trans­ac­tions ver­sus 14,861 trans­ac­tions in the prior week. The banks and fi­nan­cial ser­vices sec­tor led the trad­ing vol­ume, ac­count­ing for 28.2%, fol­lowed by the In­dus­tri­als sec­tor, which ac­counted for 21.1% of the over­all trad­ing vol­ume. QGTS was the top vol­ume traded stock dur­ing the week with 2.6mn shares.

For­eign in­sti­tu­tions re­mained bullish with net buy­ing of QR68.0mn ver­sus net buy­ing of QR121.2mn in the prior week. Qatari in­sti­tu­tions re­mained bear­ish with net sell­ing of QR32.8mn ver­sus net sell­ing of QR17.8mn in the week be­fore. For­eign re­tail in­vestors re­mained bear­ish with net sell­ing of QR7.1mn ver­sus net sell­ing of QR7.1mn in the prior week. Qatari re­tail in­vestors re­mained bear­ish with net sell­ing of QR28.1mn ver­sus net sell­ing of QR96.3mn the week be­fore. For­eign in­sti­tu­tions bought (net ba­sis) $1.92bn worth of Qatari eq­ui­ties year-to-date.

Source: Qatar Ex­change (QE)

Source: Qatar Ex­change (QE)

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