Qatar Stock Exchange: Week in Review 31st December 2023 to 04th January 2024
Note: Due to New Year Holiday QSE was closed on 01st January 2024.
The Qatar Stock Exchange (QSE) saw a mixed performance in the week of 31st December 2023 to 04th January 2024. The total trading value decreased by a notable 24% to QAR 2,708 million, compared to the previous week's worth of QAR 3,556 million. The QSE index experienced a decrease to 10,434 compared to 10,831 at the beginning of the week.
MARKET LIQUIDITY
The total trading value on the QSE amounted to QAR 2,708 million, experiencing a 24% decrease compared to the previous week's value of QAR 3,556 million.
Notable Stocks in High Demand
• Qatar National Bank (QAR 448 million)
• Masraf Al Rayan (QAR 257 million)
• Qatar Islamic Bank (QAR 214 million)
Companies with Limited Trading
• Damaan Islamic Insurance-Beema
• Qatar General Insurance & Reinsurance
• Qatar Cinema & Film Distribution
Listed Companies
- 26 companies increased their traded value, including the top 3:
- Qatar Industrial Manufacturing (1,717% increase)
- Zad Holding (417% increase)
- Qatar Islamic Insurance (339% increase)
- 25 companies experienced a decrease, including the biggest reduction to the previous week:
- Damaan Islamic Insurance-Beema (82% decrease)
- Qatar Aluminium Manufacturing (57% decrease)
- Widam Food (56% 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 sharply to QAR 8,287,126, representing a significant 59% increase compared to the previous week's insider purchases, which totalled QAR 5,196,235.
- Insider sales on the QSE for the same week totalled QAR 7,481,905, reflecting a 46% decrease when juxtaposed with the insider sales reported in the preceding week, which had reached QAR 13,818.280.
Noteworthy Insider Transactions
Highest Insider Purchases:
• Masraf Al Rayan(QAR 4,450,468)
• Al Meera (QAR 1,554,342)
• Milaha(QAR 821,243)
Highest Insider Sales:
• Nakilat(QAR 3,911,828)
• Masraf Al Rayan(QAR 2,652,571)
• Barwa Real Estate(QAR 403,765)
QSE INDEX PERFORMANCE
- The QSE index began the week at 10,831 points and closed at 10,434 points, demonstrating a 4% decrease.
- Among the listed companies, 43 performed better than the QSE index, while 8 performed below it, showcasing a mixed market performance throughout the week.
MARKET PERFORMANCE
13 companies witnessed an increase in their stock prices, one remained unchanged, while 37 experienced decreases.
Top 3 Price Increases:
• Ahli Bank (15% increase)
• Mesaieed Petrochemical Holding (5% increase)
• Gulf Warehousing (5% increase)
Highest Price Decreases:
• Qatar General Insurance & Reinsurance (10% decrease)
• Commercial Bank (9% decrease)
• Ooredoo Qatar (8% decrease)
For additional detailed QSE companies’ information and financial insights, explore Sahmik Analytics.