Qatar Stock Exchange: Week in Review 04th February to 08th February 2024
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 04th February to 08th February 2024. The total trading value dropped by 10% to QAR 1,950 million, compared to the previous week's worth of QAR 2,179 million. The QSE index experienced a minor 1% decline to 9,961 compared to 10,040 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 1,950 million, experiencing a 10% decrease compared to the previous week's value of QAR 2,179 million.
Notable Stocks in High Demand
• Qatar National Bank (QAR 267 million)
• Masraf Al Rayan (QAR 212 million)
• Dukhan Bank (QAR 199 million)
Companies with Limited Trading
• Qatar Cinema & Film Distribution
• Damaan Islamic Insurance Company-Beema
Listed Companies
- 19 companies increased their traded value, including the top 3:
- Qatar German for Medical Devices (117% increase)
- Zad Holding (88% increase)
- Mesaieed Petrochemical Holding (81% increase)
- 32 companies experienced a decrease, including the biggest reduction to the previous week:
- Qatar Insurance (70% decrease)
- VodaFone Qatar (63% decrease)
- Dlala Brokerage and Investment Holding (61% 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 8,323,414, representing a 1% decrease compared to the previous week's insider purchases, which totalled QAR 8,410,940.
- Insider sales on the QSE for the same week totalled QAR 4,437,796, reflecting a substantial 135% increase when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 1,883,446.
Noteworthy Insider Transactions
Highest Insider Purchases:
• Masraf Al Rayan(QAR 3,444,662)
• Woqod(QAR 1,882,000)
• Qatar National Cement(QAR 755,070)
Highest Insider Sales:
• Commercial Bank (QAR 2,442,218)
• Qatar Electricity & Water (QAR 1,122,940)
• Aamal Company (QAR 352,885)
QSE INDEX PERFORMANCE
- The QSE index began the week at 10,040 points and closed at 9,961 points, demonstrating a 1% drop.
- Among the listed companies, 26 performed better than the QSE index, while 25 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
18 companies witnessed an increase in their stock prices, one remained unchanged, while 32 experienced decreases.
Top 3 Price Increases:
• Qatar Islamic Insurance (6% increase)
• Qatar Islamic Bank (4% increase)
• Masraf Al Rayan(3% increase)
Highest Price Decreases:
• Ahli Bank (12% decrease)
• Qatar Life Medical Insurance (8% decrease)
• Gulf Warehousing (5% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.