Qatar Stock Exchange: Week in Review 05th May to 09th May 2024
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 05th May to 09th May 2024. The total trading value increased by 24% to QAR 2,669 million, compared to the previous week's worth of QAR 2,150 million. The QSE index experienced a minor decrease to 9,633 compared to 9,690 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 2,669 million, experiencing a 24% increase compared to the previous week's value of QAR 2,150 million.
Notable Stocks in High Demand
• Dukhan Bank (QAR 356 million)
• Qatar National Bank (QAR 320 million)
• Qatar German Medical Devices (QAR 248 million)
Companies with Limited Trading
• Qatar Cinema & Film Distribution
• Qatar General Insurance & Reinsurance
• Damaan Islamic Insurance-Beema
Listed Companies
- 27 companies increased their traded value, including the top 3:
- Qatar Oman Investment(924% increase)
- Qatar German Medical Devices (258% increase)
- Inma Holding (256% increase)
- 24 company experienced a decrease, including the biggest reduction to the previous week:
- Qatar General Insurance & Reinsurance (81% decrease)
- Qatar Islamic Insurance (79% decrease)
- Zad Holding (77% 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, increased to QAR 20,615,226, representing a 17% increase compared to the previous week's insider purchases, totaling QAR 7,615,613.
- Insider sales on the QSE for the same week totalled QAR 26,767,745, reflecting a 44% increase when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 18,616,601.
Noteworthy Insider Transactions
Highest Insider Purchases:
• United Development(QAR 5,474,068)
• Masraf Al Rayan (QAR 3,388,221)
• Industries Qatar (QAR 968,000)
Highest Insider Sales:
• Dukhan Bank (QAR 5,789,672)
• Nakilat (QAR 5,689,078)
• United Development(QAR 2,360,643)
QSE INDEX PERFORMANCE
- The QSE index began the week at 9,690 points and closed at 9,633 points, demonstrating a minor decrease.
- Among the listed companies, 29 performed better than the QSE index, while 22 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
23 companies witnessed an increase in their stock prices, while 28 experienced decreases.
Top 3 Price Increases:
• Qatar German Medical Devices (11% increase)
• Meeza(8% increase)
• United Development(8% increase)
Highest Price Decreases:
• Estithmar Holding (4% decrease)
• Doha Bank (3% decrease)
• Qatar Insurance (3% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.