Weekly Mar­ket Re­port

Gulf Times Business - - BUSINESS -

The Qatar Stock Ex­change (QSE) in­dex in­creased 87.21 points or 0.86% dur­ing the trad­ing week to close at 10,368.17. Mar­ket cap­i­tal­i­sa­tion in­creased by 0.51% to QR581.5bn ver­sus QR578.5bn at the end of the pre­vi­ous trad­ing week. Of the 45 listed com­pa­nies, 20 com­pa­nies ended the week higher, while 24 de­clined and one re­mained un­changed. Qatar Cin­ema & Film Dis­tri­bu­tion ( QCFS) was the best-per­form­ing stock for the week with a gain of 20.51% on 2,034 shares traded. On the other hand, Ahli Bank (ABQK) was the worst per­form­ing stock for the week with a de­cline of 4.1% on 4,037 shares traded.

Wo­qod (QFLS), Mas­raf Al Rayan (MARK) and Oore­doo (ORDS) were the pri­mary con­trib­u­tors to the weekly in­dex gain. QFLS was the big­gest con­trib­u­tor to the in­dex’s weekly gain, adding 31.9 points to the in­dex. MARK was the sec­ond big­gest con­trib­u­tor to the men­tioned gain, con­tribut­ing 28.1 points to the in­dex. More­over, ORDS tacked on 23.6 points to the in­dex. On the other hand, QNB Group (QNBK) deleted 16.8 points from the in­dex.

Trad­ing value dur­ing the week in­creased by 11.1% to QR1,106.1mn, ver­sus QR994.1mn in the prior week. The Banks and Fi­nan­cial Ser­vices sec­tor led the trad­ing value dur­ing the week, ac­count­ing for 44.3% of the to­tal trad- ing value. The In­dus­tri­als sec­tor was the sec­ond-big­gest con­trib­u­tor to the over­all trad­ing value, ac­count­ing for 16.1% of the to­tal trad­ing value. QNBK was the top value traded stock dur­ing the week with a to­tal traded value of QR236.4mn.

Trad­ing vol­ume in­creased by 14% to reach 29.1mn shares ver­sus 25.6mn shares in the prior week. The num­ber of trans­ac­tions rose by 31% to reach 19,972 trans­ac­tions ver­sus 15,264 trans­ac­tions in the prior week. The Banks and Fi­nan­cial Ser­vices sec­tor led the trad­ing vol­ume, ac­count­ing for 32.6%, fol­lowed by the Real Es­tate sec­tor which ac­counted for 26.5% of the over­all trad­ing vol­ume. Qatar First Bank (QFBQ) was the top vol­ume traded stock dur­ing the week with 2.8mn shares.

For­eign in­sti­tu­tions re­mained bullish with net buy­ing of QR359.4mn vs net buy­ing of QR232.1mn in the prior week. Qatari in­sti­tu­tions re­mained bear­ish with net sell­ing of QR80.5mn vs net sell­ing of QR13.8mn in the week be­fore. For­eign re­tail in­vestors turned bear­ish with net sell­ing of QR12.1mn vs net buy­ing of QR3.6mn in the prior week. Qatari re­tail in­vestors re­mained bear­ish with net sell­ing of QR266.8mn vs net sell­ing of QR221.9mn the week be­fore. For­eign in­sti­tu­tions bought (net ba­sis) ~$2.10bn worth of Qatari eq­ui­ties YTD.

Source: Qatar Ex­change (QE)

Source: Qatar Ex­change (QE)

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