Qatar Stock Exchange: Week in Review 26th May to 30th May 2024
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 26th May to 30th May 2024. The total trading value increased by 31% to QAR 3,121 million, compared to the previous week's worth of QAR 2,376 million. The QSE index experienced a 1% decrease to 9,319 compared to 9,396 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 3,121 million, experiencing a 31 increase compared to the previous week's value of QAR 2,376 million.
Notable Stocks in High Demand
• Qatar National Bank (QAR 610 million)
• Qatar Islamic Bank (QAR 278 million)
• Dukhan Bank (QAR 230 million)
Companies with Limited Trading
• Qatar Cinema & Film Distribution
• Qatar General Insurance & Reinsurance
• Damaan Islamic Insurance-Beema
Listed Companies
- 26 companies increased their traded value, including the top 3:
- Ahli Bank (1,048% increase)
- Qatar Insurance (732% increase)
- Al Meera (323% increase)
- 25 companies experienced a decrease, including the biggest reduction to the previous week:
- Widam Foods (76% decrease)
- Inma Holding (57% decrease)
- Dlala Brokerage (57% 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 6,028,419, representing a 14% decrease compared to the previous week's insider purchases, totaling QAR 7,039,553.
- Insider sales on the QSE for the same week totalled QAR 21,225,993, reflecting a 1,600% increase when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 1,285,264.
Noteworthy Insider Transactions
Highest Insider Purchases:
• United Development(QAR 1,972,599)
• Industries Qatar(QAR 1,196,850)
• Masraf Al Rayan (QAR 704,706)
Highest Insider Sales:
• Milaha(QAR 10,204,472)
• Estithmar Holding (QAR 6,940,405)
• Al Meera (QAR 3,015,620)
QSE INDEX PERFORMANCE
- The QSE index began the week at 9,396 points and closed at 9,319 points, demonstrating a 1% decrease.
- Among the listed companies, 21 performed better than the QSE index, while 30 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
12 companies witnessed an increase in their stock prices, four remained unchanged, while 35 experienced decreases.
Top 3 Price Increases:
• Qatar General Insurance & Reinsurance (4% increase)
• Doha Insurance (3% increase)
• Qatar Electricity & Water (3% increase)
Highest Price Decreases:
• Qatar German Medical Devices (10% decrease)
• Woqod (8% decrease)
• Medicare Group (6% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.