Qatar Stock Exchange: Week in Review 17th March to 21st March 2024
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 17th March to 21st March 2024. The total trading value decreased by 29% to QAR 1,986 million, compared to the previous week's worth of QAR 2,801 million. The QSE index experienced a minor decrease to 10,211 compared to 10,257 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 1,986 million, experiencing a 29% decrease compared to the previous week's value of QAR 2,801 million.
Notable Stocks in High Demand
• Qatar National Bank (QAR 172 million)
• Dukhan Bank (QAR 143 million)
• Industries Qatar (QAR 120 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:
- Damaan Islamic Insurance Company-Beema (1,120% increase)
- Doha Insurance (340% increase)
- Qatar Industrial Manufacturing (198% increase)
- 32 companies experienced a decrease, including the biggest reduction to the previous week:
- Widam Food (76% decrease)
- Mesaieed Petrochemical (64% decrease)
- Salam Investment International (64% 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 10,953,777, representing a 27% decrease compared to the previous week's insider purchases, which totalled QAR 14,653,579.
- Insider sales on the QSE for the same week totalled QAR 11,150,094, reflecting a 114% increase when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 5,213,715.
Noteworthy Insider Transactions
Highest Insider Purchases:
• Masraf Al Rayan(QAR 4,285,263)
• United Development(QAR 3,380,232)
• Nakilat(QAR 1,286,678)
Highest Insider Sales:
• Medicare Group (QAR 5,865,394)
• Mazaya Real Estate (QAR 4,405,987)
• Barwa Real Estate (QAR 404.460)
QSE INDEX PERFORMANCE
- The QSE index began the week at 10,258 points and closed at 10,211 points, demonstrating a minor decrease.
- Among the listed companies, 32 performed better than the QSE index, while 19 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
25 companies witnessed an increase in their stock prices, two remained unchanged, while 24 experienced decreases.
Top 3 Price Increases:
• Meeza (13% increase)
• Zad Holding (5% increase)
• Qatar Industrial Manufacturing (3% increase)
Highest Price Decreases:
• Doha Bank (6% decrease)
• Qatar Life Medical (4% decrease)
• Baladna (4% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.