Qatar stock market saw a slowdown for the second week in a row, which has been obviously reflected in the performances of most of the main groups. The benchmark index remained on the level of 10,375 points, fluctuating up and down. Trading volume decreased by 30.8 percent to QR1.58bn, while the index rose in three days of the week, and fell in two days, besides active trading on shares of Vodafone, Al Rayyan, Nakilat, Barwa and Investors.
At the end, the general index rose to about 14 points only comparing to the previous week to the level of 10,389 points. All-share indexes increased, besides only shares of three sectors, where the total capitalisation decreased to about one billion and reached to the level of QR554bn.
The week witnessed some scattered news, which may have influenced the trading on shares of some companies, including the declaration made by Qatar Navigation about the end of the buying period of the shares of company as treasury shares, a period that extended to six months. The week witnessed the signing of a Letter of Intent by Qatar Cement Company to establish cement plant No. 5. Al Rayan bank disclosed that it has reached an agreement on the terms of cash offer to acquire an Islamic bank in Britain, and to open branch of the bank in the Dar Al Salaam Complex in Al Ma’mura.
The general index has risen by about 14 points and by 0.14 percent to reach the level of 10,389.1 points. All share indexes rose barely to less than one point to the level of 2583.4 points. This limited rise in the general index and all-share indexes were resulted from the rise in the prices of shares of three sectors. Where the banking sector rose by 0.49 percent, and the telecommunication sector went up by 0.46 percent, the real estate sector grew by 0.17 percent.
Industries sector dropped by 0.65 percent, followed by the transportation sector which lost 0.55 percent. The insurance sector lost by 0.26 percent, and the consumer goods dipped by 0.01 percent.
Of the 42 listed companies, 22 climbed and 18 dropped, while share prices of two companies, National Leasing and Al Khaleej Takaful, remained stable.
Trading on Ahli shares was the highest in terms of price by rising eight percent, followed by the price of shares of Vodafone by 6.76 percent. Widam rose by 4.1 percent. While Islamic Holding Group gained 4.10 percent, price of shares of Investors advanced 3.40 percent and Al Rayan added 3.18 percent.
In contrast, Cinema was the biggest loser by 5.08 percent, followed by the General Insurance four percent. Navigation dropped 2.79 percent and Electricity and Water shed 1.60 percent while Salam and Industries Qatar dropped 1.36 percent and 1.25 percent respectively.
The total trading volume decreased by 30.8 percent to QR1,585m. The total trading on the shares of the top six companies reached to about QR791.9m, which is about 50 percent of the total. Trading on Vodafone’s shares topped the trading with QR189.1m, followed with the trading on Al Rayyan shares worth QR151.2m, then on the shares of Nakilat with QR140.6m. These werer followed by the trading on shares of Barwa with a value of QR122.3m, trading on the shares of Investors Group worth QR102.8m and the last was the trading on Commercial bank worth QR85.9m.
The total market capitalisation has been decreased to about QR1bn to the level of QR554bn at closing with the end of the sessions during the week.
Qatari portfolios has bought net stocks worth QR62.1m and Qatari individuals bought worth QR66m. On other hand, non-Qatari portfolios sold net stocks worth QR29.1m, and non-Qatari individual sold QR70.2m.
The Peninsula