Weekly Mar­ket Re­port

Gulf Times Business - - BUSINESS -

The Qatar Stock Exchange (QSE) in­dex gained 233.86 points, or 2.26%, dur­ing the trading week to close at 10,598.40. Mar­ket cap­i­tal­i­sa­tion in­creased by 1.2% to QR595.3bn ver­sus QR588.4bn at the end of the pre­vi­ous trading week. Of the 45 listed com­pa­nies, 34 com­pa­nies ended the week higher, while nine de­clined and two re­mained un­changed. Qatar Ger­man Co for Med­i­cal De­vices (QGMD) was the best per­form­ing stock for the week with a gain of 14.8% on 308,785 shares traded only. On the other hand, Qatar Cin­ema & Film Distri­bu­tion Co (QCFS) was the worst per­form­ing stock for the week with a de­cline of 7.0% on 3 shares traded only.

Mas­raf Al Rayan (MARK), Qatar Is­lamic Bank (QIBK) and Barwa Real Estate Co (BRES) were the pri­mary con­trib­u­tors to the weekly in­dex gain. MARK was the big­gest con­trib­u­tor to the in­dex’s weekly gain, ad­ding 60.6 points to the in­dex. QIBK was the sec­ond big­gest con­trib­u­tor to the men­tioned gain, tack­ing on 34.3 points to the in­dex. More­over, BRES con­trib­uted 33.3 points to the in­dex. On the other hand, QNB Group (QNBK) deleted 22.6 points from the in­dex.

Trading value dur­ing the week de­creased by 40.0% to QR1.2bn ver­sus QR2.1bn in the prior week. The banks and fi­nan­cial ser­vices sec­tor led the trading value dur­ing the week, ac­count- ing for 48.6% of the total trading value. The real estate sec­tor was the sec­ond big­gest con­trib­u­tor to the over­all trading value, ac­count­ing for 16.6% of the total trading value. QNBK was the top value traded stock dur­ing the week with total traded value of QR207.4mn.

Trading vol­ume de­creased by 32.1% to reach 42.9mn shares ver­sus 63.2mn shares in the prior week. The num­ber of trans­ac­tions de­creased by 27.1% to 24,782 trans­ac­tions ver­sus 34,001 trans­ac­tions in the prior week. The banks and fi­nan­cial ser­vices sec­tor led the trading vol­ume, ac­count­ing for 36.7%, fol­lowed by the Real estate sec­tor which ac­counted for 28.3% of the over­all trading vol­ume. Mazaya Qatar (MRDS) was the top vol­ume traded stock dur­ing the week with 5.7mn shares.

For­eign in­sti­tu­tions re­mained bullish with net buy­ing of QR234.7mn ver­sus net buy­ing of QR166.9mn in the prior week. Qatari in­sti­tu­tions re­mained bear­ish with net sell­ing of QR11.3mn ver­sus net sell­ing of QR49.9mn in the week be­fore. For­eign re­tail in­vestors turned bear­ish with net sell­ing of QR19.7mn ver­sus net buy­ing of QR2.4mn in the prior week. Qatari re­tail in­vestors re­mained bear­ish with net sell­ing of QR203.6mn ver­sus net sell­ing of QR119.3mn the week be­fore.

For­eign in­sti­tu­tions bought (net ba­sis) $2.4bn worth of Qatari eq­ui­ties year-to-date.

Source: Qatar Exchange (QE) QSE In­dex and Vol­ume

Source: Bloomberg Weekly In­dex Per­for­mance

Source: Qatar Exchange (QE)

Source: Qatar Exchange (QE)

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