Qatar Stock Exchange: Week in Review 21st April to 25th April 2024
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 21st April to 25th April 2024. The total trading value declined by 3% to QAR 2,280 million, compared to the previous week's worth of QAR 2,346 million. The QSE index experienced a 2% decrease to 9,638 compared to 9,792 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 2,280 million, experiencing a 3% decline compared to the previous week's value of QAR 2,346 million.
Notable Stocks in High Demand
• Qatar National Bank (QAR 414 million)
• Dukhan Bank (QAR 367 million)
• Qatar Islamic Bank (QAR 155 million)
Companies with Limited Trading
• Qatar Cinema & Film Distribution
• Qatar General Insurance & Reinsurance
• Damaan Islamic Insurance-Beema
Listed Companies
- 21 companies increased their traded value, including the top 3:
- Doha Insurance(279% increase)
- Qatar National Cement (197% increase)
- Baladna (125% increase)
- 30 company experienced a decrease, including the biggest reduction to the previous week:
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 11,227,761, representing a 47% increase compared to the previous week's insider purchases, totaling QAR 7,618,575.
- 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:
• Qatar Electricity & Water (QAR 4,258,960)
• Dukhan Bank(QAR 1,549,560)
• Baladna (QAR 840,840)
Highest Insider Sales:
• Nakilat(QAR 3,314,498)
• Dukhan Bank(QAR 2,238,565)
• Qatar National Cement (QAR 449,322)
QSE INDEX PERFORMANCE
- The QSE index began the week at 9,792 points and closed at 9,638 points, demonstrating a 2% decrease.
- Among the listed companies, 33 performed better than the QSE index, while 18 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
12 companies witnessed an increase in their stock prices, three remained unchanged, while 36 experienced decreases.
Top 3 Price Increases:
• Dlala Brokerage (4% increase)
• Estithmar Holding (2% increase)
• Baladna(2% increase)
Highest Price Decreases:
• Qatar Electricity & Water (5% decrease)
• United Development (5% decrease)
• Qatar Oman Investment (4% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.