Qatar Stock Exchange: Week in Review 02nd June to 06th June 2024

The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 02^nd June to 06^th June 2024. The total trading value decreased by 30% to QAR 2,197 million, compared to the previous week's worth of QAR 3,121 million. The QSE index experienced a 2% increase to 9,532 compared to 9,385 at the beginning of the week.

MARKET LIQUIDITY

The total trading value on the QSE amounted to QAR 2,197 million, experiencing a 30% decrease compared to the previous week's value of QAR 3,121 million.

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Notable Stocks in High Demand 

•             Qatar National Bank (QAR 291 million)

•             Dukhan Bank (QAR 287 million)

•             Qatar Islamic Bank (QAR 157 million)

Companies with Limited Trading

•             Qatar Cinema & Film Distribution

•             Doha Insurance

•             Qatar General Insurance & Reinsurance

Listed Companies

• 18 companies increased their traded value, including the top 3:
• ​Qatar Industrial Manufacturing (394% increase)
• Qatar Life Medical (393% increase)
• Salam International Investment (175% increase)

• 33 companies experienced a decrease, including the biggest reduction to the previous week:
• ​Doha Insurance (85% decrease)
• Nakilat (64% decrease)
• Commercial Bank  (55% decrease)

Companies that in the current and previous week have traded values lower than 500.000 QAR are not taken into this ranking.

INSIDER TRADING

• Significant changes in insider trading activity on the Qatar Stock Exchange (QSE) were observed during the past week. Insider purchases, decreased to QAR 5,817,390, representing an 8% increase compared to the previous week's insider purchases, totaling QAR 5,401,853.
• Insider sales on the QSE for the same week totalled QAR 991,504, reflecting a 95% decrease when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 21,179,555.

Noteworthy Insider Transactions

Highest Insider Purchases:

•             Dukhan Bank(QAR 4,042,692)

•             United Development(QAR 948,553)

•             Mekdam Holding   (QAR 315,417)

Highest Insider Sales:

•             Qatar Electricity & Water(QAR 411,305)

•             Baladna (QAR 276,750)

•             Qatar National Cement(QAR 167,999)

QSE INDEX PERFORMANCE

• The QSE index began the week at 9,385 points and closed at 9,532 points, demonstrating a 2% increase.
• Among the listed companies, 14 performed better than the QSE index, while 37 performed below it, showcasing a mixed market performance throughout the week.

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MARKET PERFORMANCE

29 companies witnessed an increase in their stock prices, two remained unchanged, while 20 experienced decreases. 

Top 3 Price Increases:

•            Al Meera (13% increase)

•            Ahli Bank  (6% increase)

•            Medicare Group(5% increase)

Highest Price Decreases:

•           Qatar General Insurance & Reinsurance (5% decrease)

•           Gulf Warehousing (3% decrease)

•           Estithmar Holding (3% decrease)

For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.