Qatar Stock Exchange: Week in Review 12th May to 16th May 2024
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 12th May to 16th May 2024. The total trading value decreased by 11% to QAR 2,382 million, compared to the previous week's worth of QAR 2,669 million. The QSE index experienced a minor increase to 9,702 compared to 9,644 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 2,382 million, experiencing a 10% decrease compared to the previous week's value of QAR 2,669 million.
Notable Stocks in High Demand
• Dukhan Bank (QAR 231 million)
• Qatar National Bank (QAR 171 million)
• Qatar German Medical Devices (QAR 154 million)
Companies with Limited Trading
• Qatar Cinema & Film Distribution
• Damaan Islamic Insurance-Beema
• Qatar Industrial Manufacturing
Listed Companies
- 25 companies increased their traded value, including the top 3:
- Qatar General Insurance & Reinsurance (946% increase)
- Salam International Investment (590% increase)
- Ahli Bank (333% increase)
- 26 company experienced a decrease, including the biggest reduction to the previous week:
- Damaan Islamic Insurance-Beema (90% decrease)
- Qatar Insurance (76% decrease)
- Commercial Bank (59% 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 19,395,904, representing a 6% decrease compared to the previous week's insider purchases, totaling QAR 20,615,226.
- Insider sales on the QSE for the same week totalled QAR 26,212,315, reflecting a 2% decrease when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 26,767,745.
Noteworthy Insider Transactions
Highest Insider Purchases:
• United Development (QAR 7,701,137)
• Barwa Real Estate (QAR 1,544,438)
• Qatar National Cement (QAR 380,958)
Highest Insider Sales:
• Milaha(QAR 7,988,854)
• Barwa Real Estate (QAR 3,260,589)
• Al Meera (QAR 2,992,600)
QSE INDEX PERFORMANCE
- The QSE index began the week at 9,702 points and closed at 9,644 points, demonstrating a minor decrease.
- Among the listed companies, 22 performed better than the QSE index, while 29 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
27 companies witnessed an increase in their stock prices, three remained unchanged, while 21 experienced decreases.
Top 3 Price Increases:
• Salam International Investment (8% increase)
• Milaha(6% increase)
• United Development(6% increase)
Highest Price Decreases:
• Qatar General Insurance & Reinsurance (7% decrease)
• Mesaieed Petrochemical (5% decrease)
• Zad Holding (4% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.