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The Qatar Stock Exchange (QSE) index lost 14.97 points, or 0.13%, during the week, to close at 11,770.25. Market capitalisation decreased by 0.33% to reach QR624.4bn compared to QR626.4bn at the end of the previous week. Of the 43 listed companies, 11 ended the week higher, while 30 fell and two remained unchanged. Gulf Warehousing Co (GWCS) was the best performing stock for the week, with a gain of 4.79% on 87,575 shares traded. On the other hand, Al Khaleej Takaful Group (AKHI) was the worst performing, with a decline of 9.18% on 171,691 shares traded.
Barwa Real Estate Co (BRES), Masraf Al Rayan (MARK) and Vodafone Qatar (VFQS) were the primary contributors to the weekly index loss. BRES was the biggest contributor to the Index’s weekly loss, shedding 45.76 points from the index. MARK removed 17.64 points from the Index, while VFQS cut another 7.51 points. On the other hand, Industries Qatar (IQCD) and Ezdan Holding Group (ERES) contributed positively to the index. IQCD and ERES added 25.92 and 19.27 points to the Index, respectively.
Trading value during the week decreased by 12.64% to reach QR884.28mn vs QR1.01bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 40.21% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 24.48% of the total. MARK was the top value traded stock during the week with total traded value of QR163.1mn.
Trading volume decreased by 21.38% to reach 18.2mn shares vs 23.2mn in the prior week. The number of transactions decreased by 46.96% to reach 15,785 versus 29,763 in the prior week. The banks and financial services sector led the trading volume, accounting for 35.89%, followed by the real estate sector, which accounted for 25.43%. MARK was also the top volume traded stock during the week with total of 3.7mn shares.
Foreign institutions turned bullish during the week with net buying of QR36.3mn vs net selling of QR83.9mn in the prior week. Qatari institutions remained bullish with a net buying of QR4.2mn vs net buying of QR31.9mn the week before. Foreign retail investors turned bearish for the week with net selling of QR17.8mn vs net buying of QR5.1mn in the prior week. Qatari retail investors turned bearish with net selling of QR22.7mn vs net buying of QR47.2mn the week before.
In 2015 year to date, foreign institutions bought (on a net basis) $451mn worth of Qatari equities
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