The Qatar Stock Exchange (QSE) index lost 210.07 points, or 2.02%, during the week to close at 10,186.18. Market capitalisation decreased by 1.01% to QR549.5bn versus QR555.1bn at the end of the previous week. Of the 44 listed companies, eight companies ended the week higher, while 35 fell and only one remained unchanged. Dlala Brokerage and Investments Holding Co (DBIS) was the best performing stock for the week with a gain of 5.2% on 2.4mn traded shares. On the other hand, Qatar First Bank (QFBQ) was the worst performing stock with a decline of 17.6% on 17.7mn shares traded.
Ezdan Holding Group (ERES), Aamal Holding (AHCS) and Industries Qatar (IQCD) were the primary contributors to the weekly index loss. ERES was the biggest contributor, erasing 107.6 points from the index. AHCS was the second biggest contributor to the decrease, contributing 18.6 points the index loss. Moreover, IQCD shed 18.0 points from the index. On the other hand, QNB Group (QNBK) contributed positively to the index, adding 24.3 points to the index.
Trading value during the week decreased by 4.7% to reach QR1.76bn versus QR1.85bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 39.8% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 25.5% of the total trading value. QFBQ was the top value traded stock during the week with total traded value of QR263.3mn.
Trading volume increased by 9.5% to reach 60.8mn shares versus 55.5mn in the prior week. The number of transactions decreased by 1.1% to reach 27,518 versus 27,819 in the prior week. The banks and financial services sector led the trading volume, accounting for 39.3%, followed by the industrials sector, which accounted for 20.9% of the overall trading volume. QFBQ was also the top volume traded stock during the week with total traded volume of 17.7mn shares.
Foreign institutions remained bullish during the week with net buying of QR34.8mn versus net buying of QR171.7mn in the prior week. Qatari institutions remained bearish with net selling of QR2.0mn versus net selling of QR149.3mn the week before. Foreign retail investors turned bullish for the week with net buying of QR15.3mn versus net selling of QR25.7mn in the prior week. Qatari retail investors turned bearish with net selling of QR48.0mn versus net buying of QR3.3mn the week before.
In 2016 year-to-date, foreign institutions bought (on a net basis) $350mn worth of Qatari equities.