Qatar Stock Exchange: Week in Review 28th April to 02nd May 2024
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 28th April to 02nd May 2024. The total trading value declined by 6% to QAR 2,150 million, compared to the previous week's worth of QAR 2,280 million. The QSE index experienced a minor decrease to 9,611 compared to 9,667 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 2,150 million, experiencing a 6% decline compared to the previous week's value of QAR 2,280 million.
Notable Stocks in High Demand
• Qatar National Bank (QAR 197 million)
• Dukhan Bank (QAR 169 million)
• Qatar Islamic Bank (QAR 160 million)
Companies with Limited Trading
• Qatar Cinema & Film Distribution
• Qatar General Insurance & Reinsurance
Listed Companies
- 28 companies increased their traded value, including the top 3:
- Widam Food(583% increase)
- Milaha (415% increase)
- QLM Life & Medical Insurance (346% increase)
- 23 company experienced a decrease, including the biggest reduction to the previous week:
- Dukhan Bank (54% decrease)
- Qatari Investors(53% decrease)
- Qatar National Bank (52% 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, increased to QAR 7,615,613, representing a 7% increase compared to the previous week's insider purchases, totaling QAR 7,110,461.
- Insider sales on the QSE for the same week totalled QAR 18,616,601, reflecting a 180% increase when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 6,640,093.
Noteworthy Insider Transactions
Highest Insider Purchases:
• Nakilat(QAR 3,456,810)
• United Development(QAR 1,343,487)
• VodaFone Qatar (QAR 1,072,862)
Highest Insider Sales:
• Nakilat(QAR 10,043,670)
• Masraf Al Rayan (QAR 4,139,322)
• United Development(QAR 2,806,107)
QSE INDEX PERFORMANCE
- The QSE index began the week at 9,667 points and closed at 9,611 points, demonstrating a minor decrease.
- Among the listed companies, 24 performed better than the QSE index, while 27 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
17 companies witnessed an increase in their stock prices, two remained unchanged, while 32 experienced decreases.
Top 3 Price Increases:
• Qatar German Medical Devices (7% increase)
• Doha Insurance (6% increase)
• Qatar Islamic Insurance (5% increase)
Highest Price Decreases:
• Qatar General Insurance & Reinsurance (12% decrease)
• QLM Life & Medical Insurance (6% decrease)
• Al Meera Consumer Goods (6% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.