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Satyendra Pathak
Doha
In one of its longest period of winning streaks in the recent past, the Qatar Stock Exchange (QSE) gained for the fifth week in a row.
The QSE main index gained 50.36 points, or 0.48 percent, during the week to close at 10,512.06 points.
Market capitalisation rose by 0.8 percent to QR583.2 billion against QR578.6 billion in the previous trading week.
The unabated bull run can be attributed to the buying interest of both foreign and local institutional investors in Qatari stocks.
Foreign institutions remained positive with net buying of QR185.4 million against net buying of QR47.9 million in the previous week.
According to an estimate by QNB Financial Services, foreign institutions have bought Qatari equities worth $1.3 billion on net basis since the beginning of this year.
Qatari institutions also remained bullish with net buying of QR12.4 million against net buying of QR17.9 million in the previous year.
Both foreign and local retail investors, however, remained bearish throughout the week.
Foreign retail investors remained bearish with net selling of QR12 million against net selling of QR0.57 million in the previous week.
Qatari retail investors remained negative with net selling of QR185.9.2 million against net selling of QR114.3 million in the week before.
Trading value increased by 46.8 percent during the week to QR1.9 billion against QR1.3 billion in the previous week.
The banks and financial services sector led the trading value during the week, accounting for 39.9 percent of the total trading value. The industrial sector was the second biggest contributor to the overall trading value, accounting for 23.6 percent of the total.
Qatar National Bank (QNB) was the top value traded stock during the week with a total traded value of QR398.8 million.
Trading volume slightly declined by 0.8 percent to reach 638.9 million shares against 644.2 million shares in the previous week.
The banks and financial services sector led the trading volume, accounting for 34.3 percent, followed by the industrial sector, which accounted for 25.9 percent of the overall trading volume.
The number of transactions rose 4 percent to 37,273 against 35,839 in the previous week.
Qatar First Bank (QFB) was the top volume traded stock during the week with 115.2 million shares traded.
Mesaieed Petrochemical Holding Company (MPHC) was the best performing stock for the week with a gain of 10.4 percent on a trading volume of 56.8 million shares.
On the other hand, Doha Bank was the worst-performing stock for the week with a decline of 6 percent on 8.7 million shares traded.
MPHC, Qatar Insurance, and QNB were the primary contributors to the weekly index gain. MPHC was the biggest contributor to the index’s weekly increase, adding 47.9 points to the index.
Qatar Insurance was the second biggest contributor to the mentioned gain, contributing 30.2 points to the index. Moreover, QNB tacked on 26.8 points to the index. On the other hand, Ooredoo deleted 22.4 points from the index.
Four out of the seven sector index closed in the positive territory in the week that also saw 15 stocks out of the 46 listed stocks make gains.
While 27 stocks declined, there was no change in the share prices of the remaining four stocks.
Doha
In one of its longest period of winning streaks in the recent past, the Qatar Stock Exchange (QSE) gained for the fifth week in a row.
The QSE main index gained 50.36 points, or 0.48 percent, during the week to close at 10,512.06 points.
Market capitalisation rose by 0.8 percent to QR583.2 billion against QR578.6 billion in the previous trading week.
The unabated bull run can be attributed to the buying interest of both foreign and local institutional investors in Qatari stocks.
Foreign institutions remained positive with net buying of QR185.4 million against net buying of QR47.9 million in the previous week.
According to an estimate by QNB Financial Services, foreign institutions have bought Qatari equities worth $1.3 billion on net basis since the beginning of this year.
Qatari institutions also remained bullish with net buying of QR12.4 million against net buying of QR17.9 million in the previous year.
Both foreign and local retail investors, however, remained bearish throughout the week.
Foreign retail investors remained bearish with net selling of QR12 million against net selling of QR0.57 million in the previous week.
Qatari retail investors remained negative with net selling of QR185.9.2 million against net selling of QR114.3 million in the week before.
Trading value increased by 46.8 percent during the week to QR1.9 billion against QR1.3 billion in the previous week.
The banks and financial services sector led the trading value during the week, accounting for 39.9 percent of the total trading value. The industrial sector was the second biggest contributor to the overall trading value, accounting for 23.6 percent of the total.
Qatar National Bank (QNB) was the top value traded stock during the week with a total traded value of QR398.8 million.
Trading volume slightly declined by 0.8 percent to reach 638.9 million shares against 644.2 million shares in the previous week.
The banks and financial services sector led the trading volume, accounting for 34.3 percent, followed by the industrial sector, which accounted for 25.9 percent of the overall trading volume.
The number of transactions rose 4 percent to 37,273 against 35,839 in the previous week.
Qatar First Bank (QFB) was the top volume traded stock during the week with 115.2 million shares traded.
Mesaieed Petrochemical Holding Company (MPHC) was the best performing stock for the week with a gain of 10.4 percent on a trading volume of 56.8 million shares.
On the other hand, Doha Bank was the worst-performing stock for the week with a decline of 6 percent on 8.7 million shares traded.
MPHC, Qatar Insurance, and QNB were the primary contributors to the weekly index gain. MPHC was the biggest contributor to the index’s weekly increase, adding 47.9 points to the index.
Qatar Insurance was the second biggest contributor to the mentioned gain, contributing 30.2 points to the index. Moreover, QNB tacked on 26.8 points to the index. On the other hand, Ooredoo deleted 22.4 points from the index.
Four out of the seven sector index closed in the positive territory in the week that also saw 15 stocks out of the 46 listed stocks make gains.
While 27 stocks declined, there was no change in the share prices of the remaining four stocks.
