The Qatar Stock Exchange (QSE) Index decreased by 45.33 points or 0.43% during the week to close at 10,413.41, according to QNB Financial Services (QNBFS).

Market capitalisation declined by 0.6% to reach QR615.2bn on Thursday from QR619.1bn at the end of the previous trading week, QNBFS said in its weekly market report.

Of the 51 traded companies, some 39 ended the week down, 10 ended up, and two remained the same.

Widam Food Company (WDAM) was the worst performing stock for the week, declining 5.1%. Meanwhile, Dukhan Bank (DUBK) was the best performing stock for the week, climbing 3.6%.

QNB Group (QNBK), Ooredoo (ORDS) and Qatar Islamic Bank (QIBK) were the main contributors to the weekly index decline.

QNBK and ORDS removed 15.04 and 10.65 points from the index, respectively. Further, QIBK subtracted another 7.59 points.

Traded value during the week rose 15.9% to QR1,570.5mn from QR1,355mn in the prior trading week.

QNB Group was the top value traded stock during the week with total traded value of QR180.8mn.

Traded volume jumped 25.4% to 529.9mn shares compared with 422.6mn shares in the prior trading week. The number of transactions increased by 22.8% to 48,467 vs 39,467 in the prior week.

Ezdan Holding Group (ERES) was the top volume traded stock during the week with total traded volume of 49.1mn shares.

According to QNBFS, foreign institutions remained bearish, ending the week with net selling of QR127.2mn vs. net selling of QR47.9mn in the prior week.

Qatari institutions remained bullish with net buying of QR34.3mn vs. net buying of QR69.7mn in the week before.

Foreign retail investors ended the week with net buying of QR48.7mn vs net buying of QR10.2mn in the prior week.

Qatari retail investors recorded net buying of QR44.2mn vs net selling of QR31.9mn the week before.

Year-to-date, global foreign institutions were net sellers by $174.6mn, while GCC institutions were net sellers of Qatari stocks by $444mn, QNBFS noted.