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The Qatar Stock Exchange (QSE) index gained 32.63 points, or 0.32%, during the week to close at 10,389.96. Market capitalisation inched up by 0.3% to QR558.1bn versus QR556.6bn at the end of the previous week. Of the 44 listed companies, 19 ended the week higher, while 23 fell and one remained unchanged. Ooredoo (ORDS) was the best performing stock for the week with a gain of 4.0% on 801,446 shares
traded. On the other hand, Qatar Cinema & Film Distribution Co was the worst performing stock with a decline of 4.8% on 2,520 shares traded only.
Trading value during the week decreased by 20.3% to reach QR832.7mn versus QR1.0bn in the prior week. The banks and financial services sector led the trading value during the week, accounting for 32.1% of the total trading value. The industrials sector was the second biggest contributor to the overall trading value, accounting for 29.6% of the total. Qatari Investors Group (QIGD) was the top value traded stock during the week with total traded value of QR137.9mn.
Trading volume decreased by 16.8% to reach 23.9mn shares versus 28.7mn in the prior week. The number of transactions decreased by 19.0% to reach 10,751 versus 13,274 in the prior week. The banks and financial services sector led the trading volume, accounting for 27.6%, followed by the telecoms sector, which accounted for 25.3% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 5.2mn shares.
Foreign institutions remained bullish during the week with net buying of QR181.8mn versus net buying of QR183.6mn in the prior week. Qatari institutions remained bearish with net selling of QR134.3mn versus net selling of QR74.8mn the week before. Foreign retail investors turned bullish for the week with net buying of QR5.4mn versus net selling of QR12.2mn in the prior week. Qatari retail investors remained bearish with net selling of QR53.0mn versus net selling of QR96.6mn the week before.
In 2016 year-to-date, foreign institutions bought (on a net basis) $1.7bn worth of Qatari equities.
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