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Weekly Market Report.


The Qatar Stock Exchange (QSE) index decreased 168.68 points, or 1.86%, during the trading week to close at 8,880.51. Market capitalisation fell by 1.88% to QR491.8bn versus QR501.2bn at the end of the previous trading week. Of the 45 listed companies, 13 ended the week higher, while 28 declined and four remained unchanged. Zad Holding (ZHCD) was the best performing stock for the week with a gain of 5.28% on 10.5k shares traded. On the other hand, Aamal (AHCS) was the worst performing stock with a decline of 7.80% on 225.7k shares traded. Industries Qatar (IQCD), Qatar Islamic Bank (QIBK), and Qatar Electricity & Water (QEWS) were the primary contributors to the weekly index decline. IQCD was the biggest contributor to the decline, deleting 47.6 points from the index. QIBK was the second biggest contributor to the mentioned losses, deleting 42.9 points from the index. Moreover, QEWS shaved 19.5 points off the index. However, Qatar Navigation (QNNS) added 4.4 points from the index. Trading value during the week increased by 234.34% to reach QR5.8bn versus QR1.7bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 68.94% of the total. The Industrials sector was the second biggest contributor to the overall trading value, accounting for 16.73% of the total trading value. QNB Group (QNBK) was the top value traded stock during the week with total traded value of QR2.93bn. Trading volume increased by 107.68% to reach 99.7mn shares versus 48.0mn in the prior week. The number of transactions increased by 76.98% to reach 38,149 versus 21,556 transactions in the prior week. The banks and financial services sector led the trading volume, accounting for 37.27%, followed by the transportation sector which accounted for 30.68% of the overall trading volume. Qatar Gas Transport Co (QGTS) was the top volume traded stock during the week with 29.8mn shares. Foreign institutions remained bullish with net buying of QR829.8mn versus net buying of QR337.7mn in the prior week. Qatari institutions remained bearish with net selling of QR612.8mn versus net selling of QR218.5mn in the week before. Foreign retail investors turned bearish with net selling of QR17.2mn versus net buying QR4.8mn in the prior week. Qatari retail investors remained bearish with net selling of QR199.9mn versus net selling of QR124.0mn the week before. Foreign institutions bought (net basis) $603mn worth of Qatari equities year-to-date (as of Wednesday and not including Thursday's significant MSCI rebalance).

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Publication:Gulf Times (Doha, Qatar)
Geographic Code:7QATA
Date:Jun 3, 2018
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