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Satyendra Pathak
Doha
THE total wealth of investors increased 0.51 percent to QR581.5 billion as Qatari stocks continued the gaining trend for the second consecutive week.
The Qatar Stock Exchange (QSE) main index increased 87.21 points, or 0.85 percent, during the trading week to close at 10,368.17 points.
Market capitalisation of the bourse increased to QR581.5 billion against QR578.5 billion at the end of the previous trading week as foreign institutions were net buyers at the end of the trading week.
Foreign institutions remained bullish with net buying of QR359.4 million against net buying of QR232.1 million in the previous week.
Foreign retail investors, however, turned bearish with net selling of QR12.1 million against net buying of QR3.6 million in the previous week.
According to an estimate by QNB Financial Services (QNBFS), foreign institutions bought on net basis Qatari equities worth $2.10 billion since the beginning of this week.
Qatari institutions remained bearish with net selling of QR80.5 million against net selling of QR13.8 million in the previous week.
Qatari retail investors also remained bearish with net selling of QR266.8mn against net selling of QR221.9mn the week before.
The trading value during the week increased by 11.3 percent to QR1.1 billion against QR994.1 million in the previous week.
The banks and financial services sector led the trading value during the week, accounting for 44.3 percent of the total trading value. The industrial sector was the second biggest contributor to the overall trading value, accounting for 16.1 percent of the total trading value.
Qatar National Bank (QNB) was the top value traded stock during the week with total traded value of QR236.4 million.
Trading volume increased by 14.1 percent to reach 29.2 million shares against 25.6 million shares in the previous week.
The number of transactions rose by 30.8 percent to reach 19,972 against 15,264 transactions in the previous week. The banks and financial services sector led the trading volume, accounting for 32.6 percent followed by the real estate sector which accounted for 26.5 percent of the overall trading volume.
Qatar First Bank (QFB) was the top volume traded stock during the week with 2.8 million shares.
Woqod, Masraf Al Rayan and Ooredoo were the primary contributors to the weekly index gain.
Woqod was the biggest contributor to the index's weekly gain, adding 31.9 points to the index. Masraf Al Rayan was the second biggest contributor to the gain, contributing 28.1 points to the index. Ooredoo added 23.6 points to the index.
On the other hand, QNB deleted 16.8 points from the index.
Qatar Cinema & Film Distribution was the best performing stock for the week with a gain of 20.51 percent on 2,034 shares traded. Ahli Bank was the worst performing stock for the week with a decline of 4.1 percent on 4,037 shares traded.
Of the 45 listed companies, 20 ended the week higher. While 24 declined there was no change in the remaining one stock.
The week also saw five of the seven sector indices close in the positive territory.
The real estate sector, which gained, 4.11 percent, was the best performing sector index for the week.
The consumer goods and services sector and the telecom sector, which gained 3.59 percent and 2.98 percent respectively, were also instrumental in lifting the main index higher.
