The Qatar Stock Exchange (QSE) Index dropped 156.31 points or 1.5% during the shortened 4-day week to close at 10,433.85, QNB Financial Services (QNBFS) said in a report.
Market capitalisation edged down 0.5% to QR608.7bn compared with QR611.8bn at the end of the previous trading week.
Of the 51 traded companies, some 30 ended the shortened week lower and 20 ended higher, while one was unchanged, according to QNBFS.
Qatar German Company for Medical Devices (QGMD) was the worst performing stock for the week, losing 8.3%.
Whereas, Al Ahli Bank (ABQK) was the best performing stock for the week, gaining 15%.
Qatar Islamic Bank, Commercial Bank and Masraf Al Rayan were the main contributors to the weekly index drop.
Qatar Islamic Bank, Commercial Bank removed 42.91 and 38.19 points from the index, respectively. Further, Masraf Al Rayan removed another 30.77 points.
Traded value during the shortened week dipped 27.5% to QR2,708mn from QR3,733.7mn in the prior trading week.
QNB Group (QNBK) was the top value traded stock during the week with total traded value of QR448.0mn.
Traded volume declined 16.1% to 834.5mn shares compared with 994.6mn shares in the prior trading week. The number of transactions fell 25.0% to 84,498 vs 112,591 in the prior week. Masraf Al Rayan was the top volume traded stock during the week with total traded volume of 99.8mn shares.
Foreign institutions remained bearish, ending the week with net selling of QR55.4mn compared with net selling of QR70.7mn in the prior week, QNBFS said.
Qatari institutions remained bullish with net buying of QR125.4mn compared with net buying of QR304.8mn in the week before. Foreign retail investors ended the week with net buying of QR7.1mn compared with net selling of QR5.1mn in the prior week.
Qatari retail investors recorded net selling of QR77.1mn compared with net selling of QR229.0mn the week before.
YTD (as of Thursday’s closing), global foreign institutions were net buyers $4.7mn, while GCC institutions were net sellers of Qatari stocks by $19.2mn, QNBFS noted.
