The Qatar Stock Exchange (QSE) Index declined by 113.01 points, or 0.98% during the week, to close at 11,410.76. Market capitalisation fell by 1.12% to reach QR617.5bn as compared to QR624.4bn at the end of the previous week. Of the 43 listed companies, 15 companies ended the week higher, while 26 fell and 2 remained unchanged. Qatar Insurance Company (QATI) was the best performing stock for the week, with a gain of 5.1% on 556,358 shares traded. On the other hand, Commercial Bank of Qatar (CBQK) was the worst performing stock with a decline of 16.1% on 3.1mn shares traded.
Ezdan Holding Group (ERES), CBQK and Industries Qatar (IQCD) were the biggest contributors to the weekly index decline. ERES was the biggest contributor to the index’s weekly decline, contributing 44.1 points to the index’s weekly fall of 113.0 points. CBQK contributed 38.3 points to the weekly index decline. IQCD also contributed 23.9 points to the index’s weekly decline.
Trading value during the week increased by only 1.8% to reach QR1.8bn vs QR1.8bn in the prior week. The Banks & Financial Services sector led the trading value during the week, accounting for 39.2% of the total equity trading value. The Industrials sector was the second biggest contributor to the overall trading value, accounting for 25.6% of the total trading value. Industries Qatar (IQCD) was the top value traded stock during the week with total traded value of QR237.8mn.
Trading volume decreased by 1.1% to reach 38.7mn shares vs 39.1mn shares in the prior week. The number of transactions decreased by 2.2% to reach 25,052 transactions versus 25,607 transactions in the prior week. The Banks & Financial Services sector led the trading volume, accounting for 31.3%, followed by the Real Estate sector, which accounted for 29.8% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 4.9mn shares.
Foreign institutions remained bearish during the week with net selling of QR132.1mn vs net selling of QR215.2mn in the prior week. Qatari institutions remained bullish with net buying of QR92.7mn vs net buying of QR96.6mn the week before. Foreign retail investors remained bullish for the week with net buying of QR31.8mn vs net selling of QR7.4mn in the prior week. Qatari retail investors remained bullish with net buying of QR7.7mn vs net buying of QR126.0mn the week before. In 2015 YTD, foreign institutions sold (on a net basis) ~$130mn worth of Qatari equities.
During the week, CBQK and ERES traded ex-divided. CBQK stock price reflected QR3.50/share cash dividend and 10% bonus shares.