QNB Weekly Market Report

18/01/2015 06:55 AST

The Qatar Stock Exchange (QSE) Index declined by 443.01 points, or 3.60%, during the week, to close at 11,862.51. Market capitalisation fell by 4.38% to reach QR647.8bn as compared to QR677.4bn at the end of the previous week. Of the 43 listed companies, 12 companies ended the week higher, while 30 fell and 1 remained unchanged. Gulf Warehousing (GWCS) was the best performing stock for the week, with a gain of 3.76% on 0.5mn shares traded; the stock is up 2.8% year-to-date (YTD). On the other hand, Industries Qatar (IQCD) was the worst performing stock with a decline of 17.61% on 4.6mn shares traded; the stock is down 13.7% year-to-date (YTD).

Industries Qatar (IQCD), QNB Group (QNBK) and Ezdan Holding (ERES) were the biggest contributors to the weekly index decline. IQCD was the biggest contributor to the index’s weekly decline, contributing 308.6 points to the index’s weekly decline of 443.0 points. QNBK contributed 91.4 points to the weekly index decline. Ezdan Holding (ERES) was contributed 24.8 points to the index’s weekly decline. On the other hand, Masraf Al Rayan (MARK), Qatar Islamic Bank (QIBK) and Nakilat (QGTS) positively contributed toward the QSE Index. MARK contributed 16.3 points closely followed by QIBK (13.1 points) and QGTS (11.6 points). Trading value during the week increased by 14.9% to reach QR2.9bn vs QR2.5bn in the prior week. The Industrials sector led the trading value during the week, accounting for 38.5% of the total equity trading value. The Banks & Financial Services sector was the second biggest contributor to the overall trading value, accounting for 30.7% of the total trading value. IQCD was the top value traded stock during the week with total traded value of QR696.3mn.

Trading volume decreased by 17.8% to reach 47.7mn shares vs 58.1mn shares in the prior week. The number of transactions fell by 8.9% to reach 32,261 transactions versus 35,422 transactions in the prior week. The Real Estate sector led the trading volume, accounting for 39.1%, followed by the Industrials sector, which accounted for 22.5% of the overall trading volume. BRES was the top volume traded stock during the week with total traded volume of 10.3mn shares.

Foreign institutions remained sellers during the week with net selling of QR133.3mn vs net selling of QR212.3mn in the prior week. Qatari institutions remained bullish with net buying of QR187.2mn vs net buying of QR320.3mn the week before. Foreign retail investors remained bullish for the week with net buying of QR2.0mn vs net buying of QR6.0mn in the prior week. Qatari retail investors remained bearish with net selling of QR55.6mn vs net selling of QR113.7mn the week before. In 2015 YTD, foreign institutions sold (on a net basis) ~$90.2mn worth of Qatari equities.

Gulf Times