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Weekly Market Report.

QNB NEW

The Qatar Stock Exchange (QSE) Index increased 58.58 points or 0.63% during the trading week to close at 9,318.53. Market capitalisation increased by 0.81% to QR508.3bn versus QR504.2bn at the end of the previous trading week. Of the 45 listed companies, 24 companies ended the week higher, while 20 declined and 1 remained unchanged. Zad Holding (ZHCD) was the best-performing stock for the week with a gain of 3.52% on only 895 shares traded. On the other hand, Doha Insurance Co (DOHI) was the worst performing stock for the week with a decline of 5.21% on only 20,109 shares traded. QNB Group (QNBK), Qatar Islamic Bank (QIBK) and Industries Qatar (QCD) were the primary contributors to the weekly index gains. QNBK was the biggest contributor to the index's weekly increase, adding 29.8 points to the index. QIBK was the second biggest contributor to the mentioned gains, tacking on 13.3 points to the index. Moreover, IQCD contributed 13.2 points to the index. However, Vodafone Qatar (VFQS) deleted 7.5 points from the index. Trading value during the week dropped by 24.7% to 779.5mn at versus QR1.0mn in the prior week. The Banks and Financial Services sector led the trading value during the week, accounting for 35.4% of the total trading value. The Telecom sector was the second biggest contributor to the overall trading value, accounting for 18.3% of the total trading value. VFQS was the top value traded stock during the week with total traded value of QR101.3mn. Trading volume decreased by 24.6% to reach 32.5mn shares versus 43.2mn shares in the prior week. The number of transactions decreased by 13.3% to reach 14,176 transactions versus 16,359 transactions in the prior week. The Telecom sector led the trading volume, accounting for 35.2%, followed by the Banks and Financial Services sector which accounted for 22.6% of the overall trading volume. Vodafone Qatar was the top volume traded stock during the week with 10.9mn shares. Foreign institutions remained bullish with net buying of QR48.5mn vs net buying of QR126.8mn in the prior week. Qatari institutions turned bullish with net buying of QR10.3mn vs net selling of QR10.3mn in the week before. Foreign retail investors remained bearish with net selling of QR5.0mn vs net selling of QR12.7mn in the prior week. Qatari retail investors remained bearish with net selling of QR53.9mn vs net selling of QR103.8mn the week before. Foreign institutions bought (net basis) ~$1.3bn worth of Qatari equities YTD.

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Publication:Gulf Times (Doha, Qatar)
Date:Jul 14, 2018
Words:457
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