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Satyendra Pathak
Doha
Market capitalisation of Qatar Stock Exchange (QSE) increased a whopping QR11 billion to reach QR627.08 billion during the week that saw Qatar’s Cabinet approve a draft law allowing foreign investors to own up to 100 percent in Qatari shareholding companies listed on the QSE.
It was an increase of 1.8 percent in the total wealth of investors as compared to QR616.02 billion at the end of the previous week.
The QSE general index gained 357.53 points, or 3.39 percent, during the week, to close at 10,899.06 points.
Trading value during the week increased by 1.4 percent to reach QR3.265 billion against QR3.220.3 billion in the previous trading week. Qatar Aluminum Manufacturing Company (Qamco) was the top value traded stock during the week with a total value of QR436.2 million.
The number of transactions also increased by 10.9 percent to reach 59,225 against 53,427 in the previous week. Trading volume, however, declined 36 percent to reach 1.426 billion shares against 2.228 billion shares in the previous trading week. Qamco was also the top volume traded stock during the week with a total traded volume of 299.5 million shares.
Qatar Islamic Bank, Commercial Bank of Qatar and Masraf Al Rayan were the primary contributors to the weekly index gain. Qatar Islamic Bank was the biggest contributor to the index’s weekly increase, adding 133.04 points to the index. Commercial Bank of Qatar added 75.68 points to the index. Further, Masraf Al Rayan added another 63.34 points.
Foreign institutions ended the week with net buying of QR414 million against net buying of QR48 million in the previous week. Qatari institutions remained negative with net selling of QR174 million against net selling of QR23 million in the week before.
Foreign retail investors closed the week with net selling of QR8 million against net selling of QR1 million in the previous week. Qatari retail investors remained bearish with net selling of QR233 million against net selling of QR26 million the week
before.
According to an estimate by QNB Financial Services (QNBFS), foreigners are net buyers of $378.4 million of Qatari shares so far this year, as of Wednesday closing.
Of the 48 listed companies, 25 companies ended the week higher, while 23 fell. Alkhaleej Takaful Insurance was the best performing stock for the week, with a gain of 17.41 percent.
On the other hand, Qatar National Cement Company was the worst-performing stock with a decline of 3.94 percent.
Doha
Market capitalisation of Qatar Stock Exchange (QSE) increased a whopping QR11 billion to reach QR627.08 billion during the week that saw Qatar’s Cabinet approve a draft law allowing foreign investors to own up to 100 percent in Qatari shareholding companies listed on the QSE.
It was an increase of 1.8 percent in the total wealth of investors as compared to QR616.02 billion at the end of the previous week.
The QSE general index gained 357.53 points, or 3.39 percent, during the week, to close at 10,899.06 points.
Trading value during the week increased by 1.4 percent to reach QR3.265 billion against QR3.220.3 billion in the previous trading week. Qatar Aluminum Manufacturing Company (Qamco) was the top value traded stock during the week with a total value of QR436.2 million.
The number of transactions also increased by 10.9 percent to reach 59,225 against 53,427 in the previous week. Trading volume, however, declined 36 percent to reach 1.426 billion shares against 2.228 billion shares in the previous trading week. Qamco was also the top volume traded stock during the week with a total traded volume of 299.5 million shares.
Qatar Islamic Bank, Commercial Bank of Qatar and Masraf Al Rayan were the primary contributors to the weekly index gain. Qatar Islamic Bank was the biggest contributor to the index’s weekly increase, adding 133.04 points to the index. Commercial Bank of Qatar added 75.68 points to the index. Further, Masraf Al Rayan added another 63.34 points.
Foreign institutions ended the week with net buying of QR414 million against net buying of QR48 million in the previous week. Qatari institutions remained negative with net selling of QR174 million against net selling of QR23 million in the week before.
Foreign retail investors closed the week with net selling of QR8 million against net selling of QR1 million in the previous week. Qatari retail investors remained bearish with net selling of QR233 million against net selling of QR26 million the week
before.
According to an estimate by QNB Financial Services (QNBFS), foreigners are net buyers of $378.4 million of Qatari shares so far this year, as of Wednesday closing.
Of the 48 listed companies, 25 companies ended the week higher, while 23 fell. Alkhaleej Takaful Insurance was the best performing stock for the week, with a gain of 17.41 percent.
On the other hand, Qatar National Cement Company was the worst-performing stock with a decline of 3.94 percent.
