Qatar Stock Exchange: Week in Review 08th April to 09th April 2024
Note: Due to the Aid Al Fitr holiday, trading was limited to just two days this week, specifically on Sunday, April 8th, and Monday, April 9th. Consequently, any comparative analysis for the previous week will also be based on data from Sunday and Monday.
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 08th April to 09th April 2024. The total trading value decreased by 27% to QAR 621 million, compared to the previous week's worth of QAR 847 million. The QSE index experienced a minor increase to 9,924 compared to 9,910 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 621 million, experiencing a 27% decrease compared to the previous week's value of QAR 847 million.
Notable Stocks in High Demand
• Dukhan Bank (QAR 83 million)
• Qatar National Bank (QAR 57 million)
• Masraf Al Rayan (QAR 54 million)
Companies with Limited Trading
• Qatar Cinema & Film Distribution
• Qatar General Insurance & Reinsurance
Listed Companies
- 19 companies increased their traded value, including the top 3:
- Widam Food (260% increase)
- Gulf International Services (236% increase)
- Salam International (158% increase)
- 32 companies experienced a decrease, including the biggest reduction to the previous week:
- Qatar Insurance (97% decrease)
- Zad Holding (97% decrease)
- Qatar International Islamic Bank (90% 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 7,618,575, representing a 6% decrease compared to the previous week's insider purchases, totaling QAR 8,071,773.
- Insider sales on the QSE for the same week totalled QAR 506,800, reflecting a 66% decrease when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 1,488.478.
Noteworthy Insider Transactions
Highest Insider Purchases:
• VodaFone Qatar (QAR 6,494,937)
• Qatar National Cement(QAR 868,638)
• Industries Qatar (QAR 255,000)
Highest Insider Sales:
• Industries Qatar (QAR 506,800)
QSE INDEX PERFORMANCE
- The QSE index began the week at 9,910 points and closed at 9,924 points, demonstrating a minor increase.
- Among the listed companies, 19 performed better than the QSE index, while 32 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
22 companies witnessed an increase in their stock prices, seven remained unchanged, while 22 experienced decreases.
Top 3 Price Increases:
• Qatar Islamic Insurance (5% increase)
• Masraf Al Rayan (3% increase)
• Qatar Oman Investment (3% increase)
Highest Price Decreases:
• Inma Holding (2% decrease)
• Dlala Brokerage (2% decrease)
• Qatari Investors Group (1% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.