(MENAFN- Gulf Times) The Qatar Stock Exchange (QSE) index lost 187.25 points, or 1.59%, during the week to close at 11,584.83. Market capitalisation decreased by 1.60% to QR608.0bn versus QR617.9bn at the end of the previous week. Of the 43 listed companies, 14 ended the week higher, while 27 fell and three remained unchanged. Qatar Gas Transport Co (QGTS) was the best performing stock for the week, with a gain of 6.71% on 8.8mn shares traded. On the other hand, Dlala Brokerage & Investments Holding Co (DBIS) was the worst performing stock with a decline of 6.09% on 276,516 shares traded.
Ezdan Holding (ERES), QNB Group (QNBK) and Industries Qatar (IQCD) were the primary contributors to the weekly index decline. ERES was the biggest contributor to the index's weekly loss, erasing 87.9 points from the Index. QNBK shed 55.0 off the index, while IQCD removed 28.0 points. On the other hand, QGTS contributed positively, adding 28.7 points from the Index.
Trading value during the week increased by 12.8% to reach QR1.58bn versus QR1.39bn in the prior week. The real estate sector led the trading value during the week, accounting for 24.8% of the total trading value. The banks and financial services sector was the second biggest contributor to the overall trading value, accounting for 22.0% of the total trading value. Mazaya Qatar Real Estate Development Co (MRDS) was the top value traded stock during the week with total traded value of QR243.2mn.
Trading volume increased by 34.3% to reach 53.4mn shares versus 39.8mn shares in the prior week. The number of transactions fell by 7.4% to reach 19,443 versus 21,121 in the prior week. The real estate sector led the trading volume, accounting for 36.0%, followed by the telecoms sector, which accounted for 22.0% of the overall trading volume. MRDS was also the top volume traded stock during the week with total traded volume of 14.7mn
shares.
Foreign institutions remained bullish during the week with net buying of QR46.7mn versus net buying of QR33.7mn in the prior week. Qatari institutions remained bearish with net selling of QR92.2mn versus net selling of QR63.3mn the week before. Foreign retail investors remained bearish for the week with net selling of QR18.6mn versus net selling of QR19.9mn in the prior week. Qatari retail investors remained bullish with net buying of QR64.2mn versus net buying of QR49.6mn the week before.
In 2015 year-to-date, foreign institutions bought (on a net basis) $672mn worth of Qatari equities.
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