Weekly Market Report

The Qatar Stock Exchange (QSE) Index increased 102.14 points or 1.10% during the trading week to close at the 9,420.67 level. Market capitalisation increased by 0.82% to QR512.4bn versus QR508.3bn at the end of the previous trading week. Of the 45 listed companies, 19 companies ended the week higher, while 19 declined and 7 remained unchanged. Zad Holding (ZHCD) was the best-performing stock for the week with a gain of 5.5% on 59,931 shares traded. On the other hand, Alijarah Holding (NLCS) was the worst-performing stock for the week with a decline of 3.2% on only 134,069 shares traded.
Industries Qatar (IQCD), Qatar Islamic Bank (QIBK) and Masraf Al Rayan (MARK) were the primary contributors to the weekly index gains. IQCD was the biggest contributor to the index’s weekly increase, adding 59.5 points to the index. QIBK was the second biggest contributor to the mentioned gains, tacking on 27.9 points to the index. Moreover, MARK contributed 16.4 points to the index. However, Ooredoo (ORDS) deleted 9.2 points from the index.
Trading value during the week increased by 16.5% to QR907.9mn versus QR779.5 mn in the prior week. The Banks and Financial Services sector led the trading value during the week, accounting for 38.5% of the total trading value. The Consumer Goods and Services sector was the second biggest contributor to the overall trading value, accounting for 14.1% of the total trading value. QNB Group (QNBK) was the top value traded stock during the week with total traded value of QR164.8mn.
Trading volume decreased by 1.6% to reach 32.0mn shares versus 32.5mn shares in the prior week. The number of transactions decreased by 4.9% to reach 13,481 transactions versus 14,176 transactions in the prior week. The Telecom sector led the trading volume, accounting for 31.2%, followed by the Banks and Financial Services sector, which accounted for 23.1% of the overall trading volume. Vodafone Qatar was the top volume traded stock during the week with 9.6mn shares.
Foreign institutions remained bullish with net buying of QR66.2mn versus net buying of QR48.5mn in the prior week. Qatari institutions remained bullish with net buying of QR58.1mn versus net buying of QR10.3mn in the week before. Foreign retail investors remained bearish with net selling of QR3.4mn versus net selling of QR5.0mn in the prior week. Qatari retail investors remained bearish with net selling of QR120.8mn versus net selling of QR53.9mn the week before. Foreign institutions bought (net basis) ~$1.4bn worth of Qatari equities YTD.