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The Qatar Stock Exchange (QSE) index declined 67.28 points, or 0.64%, during the week to close at 10,438.45. Market capitalisation marginally decreased by 0.7% to QR558.6bn versus QR562.6bn at the end of the previous week. Of the 44 listed companies, 15 ended the week higher, while 27 fell and two remained unchanged. Qatari Investors Group (QIGD) was the best performing stock for the week with a gain of 19.9% on 4.4mn shares traded only. On the other hand, Medicare (MCGS) was the worst performing stock with a decline of 14.6% on 358,931 shares traded.
Trading value during the week increased by 7.7% to reach QR970.8mn versus QR901.8mn in the prior week. The industrials sector led the trading value during the week, accounting for 40.5% of the total trading value. The banks and financial services sector was the second biggest contributor to the overall trading value, accounting for 32.6% of the total trading value. QIGD was the top value traded stock during the week with total traded value of QR240.4mn.
Trading volume increased by 28.3% to reach 29.2mn shares versus 22.7mn in the prior week. The number of transactions decreased by 5.4% to reach 12,144 versus 12,835 in the prior week. The industrials sector led the trading volume, accounting for 28.8%, followed by the banks and financial services sector, which accounted for 28.2% of the overall trading volume. Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 7.1mn shares.
Foreign institutions remained bullish during the week with net buying of QR155.3mn versus net buying QR283.7mn in the prior week. Qatari institutions remained bearish with net selling of QR104.3mn versus net selling of QR191.5mn the week before. Foreign retail investors remained bearish for the week with net selling of QR7.4mn versus net selling of QR3.2mn in the prior week. Qatari retail investors remained bearish with net selling of QR43.6mn versus net selling of QR89.0mn the week before.
In 2016 year-to-date, foreign institutions bought (on a net basis) $1.84bn worth of Qatari equities.
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