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Satyendra Pathak
Doha
Qatari stocks closed in the positive territory this week after witnessing four weeks of continuous decline.
The Qatar Stock Exchange (QSE) index increased by 87.17 points, or 0.89 percent, during the week to close at 9,934.10 points.
Market capitalisation of the Qatari bourse increased by 0.37 percent to reach QR549.5 billion during the week that saw both International and Qatari institutional investors remain bullish throughout the week.
Foreign institutions ended the week with net buying of QR27.6 million against net buying of QR6.1 million in the previous week. Foreign retail investors also remained positive with net buying of QR0.9 million against buying of QR9.4 million in the previous week.
According to an estimate by QNBFS, foreign institutions have bought Qatari equities worth $232.8 million so far in 2020 on net basis.
The week also Qatari institutions turn positive with net buying of QR110.9 million against net selling of QR27.6 million in the week before. Qatari retail investors turned bearish with net selling of QR139.4 million against net buying of QR12.2 million the week before.
Trading value during the week increased by 40.1 percent to reach QR1.24 billion against QR891.7 million in the previous week.
The banks and financial services sector led the trading value during the week, accounting for 48.8 percent of the total trading value. The Industrial sector was the second biggest contributor to the overall trading value, accounting for 16.7 percent of the total trading value.
QNB Group was the top value traded stock during the week with total traded value of QR261 million.
Trading volume increased by 52.1 percent to reach 479.7 million shares against 315.4 million shares in the previous week.
The real estate sector led the trading volume, accounting for 32.7 percent followed by the banks and financial services sector comprising 27.1 percent of the overall trading volume. United Development Company (UDCD) was the top volume traded stock during the week with total traded volume of 96.3 million shares.
The number of transactions also rose by 45 percent to reach 32,022 transactions against 22,087 transactions in the previous week.
Milaha was the best performing stock for the week, with a gain of 6.2 percent. On the other hand, Salam International Investment Company was the worst performing stock with a decline of 12 percent.
Qatar Islamic Bank (QIB), Masraf Al Rayan and Nakilat were the primary contributors to the weekly index gain. QIB was the biggest contributor to the index’s weekly increase, adding 56.3 points to the index. Masraf Al Rayan was the second biggest contributor to the mentioned gain, tacking on 27.2 points to the index. Moreover, Nakilat contributed 17.7 points to the index.
Of the 47 listed companies, 24 companies ended the week higher. While 22 witnessed decline there was no change in the share price of the remaining one stock.
Doha
Qatari stocks closed in the positive territory this week after witnessing four weeks of continuous decline.
The Qatar Stock Exchange (QSE) index increased by 87.17 points, or 0.89 percent, during the week to close at 9,934.10 points.
Market capitalisation of the Qatari bourse increased by 0.37 percent to reach QR549.5 billion during the week that saw both International and Qatari institutional investors remain bullish throughout the week.
Foreign institutions ended the week with net buying of QR27.6 million against net buying of QR6.1 million in the previous week. Foreign retail investors also remained positive with net buying of QR0.9 million against buying of QR9.4 million in the previous week.
According to an estimate by QNBFS, foreign institutions have bought Qatari equities worth $232.8 million so far in 2020 on net basis.
The week also Qatari institutions turn positive with net buying of QR110.9 million against net selling of QR27.6 million in the week before. Qatari retail investors turned bearish with net selling of QR139.4 million against net buying of QR12.2 million the week before.
Trading value during the week increased by 40.1 percent to reach QR1.24 billion against QR891.7 million in the previous week.
The banks and financial services sector led the trading value during the week, accounting for 48.8 percent of the total trading value. The Industrial sector was the second biggest contributor to the overall trading value, accounting for 16.7 percent of the total trading value.
QNB Group was the top value traded stock during the week with total traded value of QR261 million.
Trading volume increased by 52.1 percent to reach 479.7 million shares against 315.4 million shares in the previous week.
The real estate sector led the trading volume, accounting for 32.7 percent followed by the banks and financial services sector comprising 27.1 percent of the overall trading volume. United Development Company (UDCD) was the top volume traded stock during the week with total traded volume of 96.3 million shares.
The number of transactions also rose by 45 percent to reach 32,022 transactions against 22,087 transactions in the previous week.
Milaha was the best performing stock for the week, with a gain of 6.2 percent. On the other hand, Salam International Investment Company was the worst performing stock with a decline of 12 percent.
Qatar Islamic Bank (QIB), Masraf Al Rayan and Nakilat were the primary contributors to the weekly index gain. QIB was the biggest contributor to the index’s weekly increase, adding 56.3 points to the index. Masraf Al Rayan was the second biggest contributor to the mentioned gain, tacking on 27.2 points to the index. Moreover, Nakilat contributed 17.7 points to the index.
Of the 47 listed companies, 24 companies ended the week higher. While 22 witnessed decline there was no change in the share price of the remaining one stock.
