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Satyendra Pathak
Doha
Continuing its upward momentum for the second week in a row, the Qatar Stock Exchange (QSE) general index went up by 80.6 points, or 0.73 percent, during the last week to close at 11,180.92 points.
The gains were mainly triggered by Industrial sector stocks as they outperformed other sector indices during the week.
The week saw QSE’s market capitalisation go up by 1 percent to QR646.1 billion compared to QR639.4 billion in the previous week as foreign institutions remained bullish. Foreign institutions closed the week with net buying of QR195 million against net buying of QR144 million in the previous week.
Foreign retail investors, however, closed the week with net selling of QR1 million against net selling of QR21 million in the previous week.
As of Wednesday closing, foreigners were net buyers of Qatari stocks worth $995.4 million so far this year, according to an estimate by QNB Financial Services.
Qatari institutions remained negative with net selling of QR191 million against net selling of QR96 million in the week before.
Qatari retail investors also remained bearish with net selling of QR3 million against net selling of QR27 million the week before.
Trading value during the week rose by 60 percent to QR2.75 billion against QR1.719 billion in the previous trading week. Investment Holding Group was the top value traded stock during the week with a total traded value of QR290 million.
Trading volume gained by 40.5 percent to 1,118.4 million shares against 796.1 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 209.2 million shares.
The number of transactions rose by 28.1 percent to 54,279 transactions against 42,356 transactions in the previous week.
Mesaieed Petrochemical Holding Company (MPHC) was the best performing stock for the week with a gain of 10.8 percent. On the other hand, Qatar General Insurance and Reinsurance was the worst-performing stock with a decline of 5 percent.
Industries Qatar (IQ), MPHC and QNB Group (QNB) were the primary contributors to the weekly index gain. IQ and MPHC added 44.8 and 38.7 points to the index, respectively. QNB added another 20.2 points to the index.
Of the 48 traded companies traded during the week, 23 closed the week higher. While 24 stocks closed lower, there was no change in the share price of the remaining one stock.
Out of the seven sector indices, four closed the week in positive territory. The industrial sector, which gained almost 3 percent, was the best performing sector for the week.
Making an important announcement during the week, Mekdam Holding Group said that it has appointed Wasata Financial Securities as liquidity provider for the company.
Mekdam Holding Board of Directors also authorised the CEO to sign all the contracts and agreements in this regard and coordinate with all concerned parties to put the liquidity provision in service.
Doha
Continuing its upward momentum for the second week in a row, the Qatar Stock Exchange (QSE) general index went up by 80.6 points, or 0.73 percent, during the last week to close at 11,180.92 points.
The gains were mainly triggered by Industrial sector stocks as they outperformed other sector indices during the week.
The week saw QSE’s market capitalisation go up by 1 percent to QR646.1 billion compared to QR639.4 billion in the previous week as foreign institutions remained bullish. Foreign institutions closed the week with net buying of QR195 million against net buying of QR144 million in the previous week.
Foreign retail investors, however, closed the week with net selling of QR1 million against net selling of QR21 million in the previous week.
As of Wednesday closing, foreigners were net buyers of Qatari stocks worth $995.4 million so far this year, according to an estimate by QNB Financial Services.
Qatari institutions remained negative with net selling of QR191 million against net selling of QR96 million in the week before.
Qatari retail investors also remained bearish with net selling of QR3 million against net selling of QR27 million the week before.
Trading value during the week rose by 60 percent to QR2.75 billion against QR1.719 billion in the previous trading week. Investment Holding Group was the top value traded stock during the week with a total traded value of QR290 million.
Trading volume gained by 40.5 percent to 1,118.4 million shares against 796.1 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 209.2 million shares.
The number of transactions rose by 28.1 percent to 54,279 transactions against 42,356 transactions in the previous week.
Mesaieed Petrochemical Holding Company (MPHC) was the best performing stock for the week with a gain of 10.8 percent. On the other hand, Qatar General Insurance and Reinsurance was the worst-performing stock with a decline of 5 percent.
Industries Qatar (IQ), MPHC and QNB Group (QNB) were the primary contributors to the weekly index gain. IQ and MPHC added 44.8 and 38.7 points to the index, respectively. QNB added another 20.2 points to the index.
Of the 48 traded companies traded during the week, 23 closed the week higher. While 24 stocks closed lower, there was no change in the share price of the remaining one stock.
Out of the seven sector indices, four closed the week in positive territory. The industrial sector, which gained almost 3 percent, was the best performing sector for the week.
Making an important announcement during the week, Mekdam Holding Group said that it has appointed Wasata Financial Securities as liquidity provider for the company.
Mekdam Holding Board of Directors also authorised the CEO to sign all the contracts and agreements in this regard and coordinate with all concerned parties to put the liquidity provision in service.
