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The Qatar Stock Exchange (QSE) index inched up by 4.96 points, or 0.05%, during the week to close at 9,960.95. Market capitalisation marginally decreased by 0.10% to QR535.8bn versus QR536.3bn at the end of the previous week. Of the 44 listed companies, 23 ended the week higher, while 17 fell and four remained unchanged. Medicare (MCGS) was the best performing stock for the week with a gain of 12.1% on 2.3mn shares traded. On the other hand, Commercial Bank of Qatar (CBQK) was the worst performing stock with a decline of 8.4% on 1.7mn shares traded.
Trading value during the week increased by 14.0% to reach QR1.8bn versus QR1.6bn in the prior week. The industrials sector led the trading value during the week, accounting for 32.2% of the total. The banks and financial services sector was the second biggest contributor to the overall trading value, accounting for 31.2% of the total. Qatar International Islamic Bank (QIIK) was the top value traded stock during the week with total traded value of QR242.6mn.
Trading volume increased by 16.9% to reach 46.8mn shares versus 40.1mn in the prior week. The number of transactions increased by 2.1% to reach 18,574 versus 18,183 in the prior week. The banks and financial services sector led the trading volume, accounting for 26.4%, followed by the Industrials sector, which accounted for 24.1% of the overall trading volume. Vodafone Qatar (VFQS) was also the top volume traded stock during the week with total traded volume of 8.2mn shares.
Foreign institutions remained bullish during the week with net buying of QR684.5mn versus net buying QR514.4mn in the prior week. Qatari institutions remained bearish with net selling of QR679.3mn versus net selling of QR528.2mn the week before. Foreign retail investors remained bullish for the week with net buying of QR9.5mn versus net buying of QR6.0mn in the prior week. Qatari retail investors turned bearish with net selling of QR14.7mn versus net buying of QR7.8mn the week before.
In 2016 year-to-date, foreign institutions bought (on a net basis) $1.9bn worth of Qatari equities.
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