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Satyendra Pathak
Doha
Qatari stocks resumed the weekly gaining trend this week after several weeks of a downward trend. The Qatar Stock Exchange (QSE) general index increased 16.38 points, or 0.14 percent, during the week to close at 11,619.41 on Thursday.
Market capitalization, however, declined by 0.26 percent to QR667.6 billion as compared to QR669.3 billion at the end of the previous week.
Trading value during the week dropped by 47 percent to QR1,809.4 million against QR3,416.1million in the prior trading week. QNB Group (QNB) was the top value traded stock during the week with a total traded value of QR356 million.
Trading volume also declined by 47.1 percent to 518.2 million shares against 980.1 million shares in the previous trading week. Investment Holding Group was the top volume traded stock during the week with a total traded volume of 64.3 million shares.
Qatari institutions remained positive with net buying of QR43 million against net buying of QR5 million in the week before. Qatari retail investors, however, turned bearish with net selling of QR42mn vs. net buying of QR142mn the week before.
The number of transactions went down by 31.5 percent to 53,356 against 77,932 in the previous week. Foreign institutions remained bearish, ending the week with net selling of QR11mn against net selling of QR129 million in the previous week. Foreign retail investors, however, turned bullish as they ended the week with a net buying of QR10 million against net selling of QR18 million in the prior week.
According to an estimate by QNB Financial Services (QNBFS), as of Wednesday, foreigners are net buyers of Qatari stocks worth $1,638.7 million since the start of this financial year.
Qatar Islamic Bank (QIB), Industries Qatar (IQ) and Qatar Electricity and Water Company (QEWC) were the primary contributors to the weekly index gain. QIB and IQ added 20.6 and 16.7 points to the index, respectively. Moreover, QEWC added another 5.8 points to the index.
Of the 47 traded companies, 19 ended the week higher, 25 ended lower, while three remained unchanged. Qatari German Company for Medical Devices (QGM) was the best performing stock for the week with a gain of 3.6 percent.
Doha
Qatari stocks resumed the weekly gaining trend this week after several weeks of a downward trend. The Qatar Stock Exchange (QSE) general index increased 16.38 points, or 0.14 percent, during the week to close at 11,619.41 on Thursday.
Market capitalization, however, declined by 0.26 percent to QR667.6 billion as compared to QR669.3 billion at the end of the previous week.
Trading value during the week dropped by 47 percent to QR1,809.4 million against QR3,416.1million in the prior trading week. QNB Group (QNB) was the top value traded stock during the week with a total traded value of QR356 million.
Trading volume also declined by 47.1 percent to 518.2 million shares against 980.1 million shares in the previous trading week. Investment Holding Group was the top volume traded stock during the week with a total traded volume of 64.3 million shares.
Qatari institutions remained positive with net buying of QR43 million against net buying of QR5 million in the week before. Qatari retail investors, however, turned bearish with net selling of QR42mn vs. net buying of QR142mn the week before.
The number of transactions went down by 31.5 percent to 53,356 against 77,932 in the previous week. Foreign institutions remained bearish, ending the week with net selling of QR11mn against net selling of QR129 million in the previous week. Foreign retail investors, however, turned bullish as they ended the week with a net buying of QR10 million against net selling of QR18 million in the prior week.
According to an estimate by QNB Financial Services (QNBFS), as of Wednesday, foreigners are net buyers of Qatari stocks worth $1,638.7 million since the start of this financial year.
Qatar Islamic Bank (QIB), Industries Qatar (IQ) and Qatar Electricity and Water Company (QEWC) were the primary contributors to the weekly index gain. QIB and IQ added 20.6 and 16.7 points to the index, respectively. Moreover, QEWC added another 5.8 points to the index.
Of the 47 traded companies, 19 ended the week higher, 25 ended lower, while three remained unchanged. Qatari German Company for Medical Devices (QGM) was the best performing stock for the week with a gain of 3.6 percent.
