(MENAFN- Gulf Times) The Qatar Stock Exchange (QSE) index lost 72.37 points, or 0.58%, during the week, to close at 12,443.49. Market capitalisation decreased by 0.62% to reach QR662.0bn compared to QR666.09bn at the end of the previous week. Of the 43 listed companies, 16 ended the week higher, while 25 fell and 2 remained unchanged. Islamic Holding Group (IHGS) was the best performing stock for the week, with a gain of 11.02% on 1.3mn shares traded. On the other hand, Gulf International Services (GISS) was the worst performing stock with a decline of 5.5%.
Masraf Al Rayan (MARK), GISS and QNB Group (QNBK) were the negative contributors to the weekly index loss. MARK was the biggest contributor, shaving off 26.46 points from the index's weekly loss of 72.37 points. GISS contributed 25.83 points, while QNBK contributed 22.70 points to the index's weekly decrease. On the other hand, Ezdan Holding Group (ERES), Qatari Investors Group (QIGD) and Vodafone Qatar (VFQS) contributed positively to the index. ERES and QIGD added 49.0 and 8.73 points, respectively.
Trading value during the week increased by 16.27% to reach QR3.16bn vs QR2.72bn in the prior week. The real estate sector led the trading value during the week, accounting for 44.66% of the total trading value. The banks and financial services sector was the second biggest contributor to the overall trading value, accounting for 21.87%. ERES was the top value traded stock during the week with total value of
QR948.7mn.
Trading volume increased by 29.37% to reach 98.28mn shares vs 75.96mn in the prior week. The number of transactions increased by 16.57% to reach 36,032 versus 30,911 in the prior week. The real estate sector led the trading volume, accounting for 61.04%, followed by the banks and financial services sector with 12.58%. ERES was also the top volume traded stock during the week with total traded volume of 45.6mn shares.
Foreign institutions remained bullish during the week with net buying of QR300.1mn vs net buying of QR365.1mn in the prior week. Qatari institutions remained bearish with net selling of QR84.5mn vs net selling of QR137.7mn the week before. Foreign retail investors remained bearish for the week with net selling of QR23.4mn vs net selling of QR26.7mn in the prior week. Qatari retail investors remained bearish with net selling of QR192.1mn vs net selling of QR200.6mn the week before.
In 2015 year to date, foreign institutions bought (on a net basis) $100.3mn worth of Qatari equities.
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