The Group Securities: Weekly Report on QSE Performance, 23-27 September 2018

General Index Floats below the Level of 9800 Points

September 30, 2018

Although the market atmosphere was favorable and encouraging for a significant rise in stock prices and indices following the developments that caused the price of OPEC oil to rise to about $82 a barrel, the performance of the stock market resulted in the rise of the shares prices of a mere 16 companies, while 28 companies saw their share prices drop, and the trading volume decreased by 9.1%. As a result, there was a slight increase of 0.18% in the general index, which stayed afloat below the level of 9800 points, and AL Rayan Islamic Index decreased by 0.27%.

In depth, the general index increased by about 18 points to the level of 9784 points, while Al Rayan Islamic Index dropped by 0.27%. Four sector indices have increased, namely Goods & Services, while three sector indices decreased, specifically Transportation. It has been noticed that the share price of Woqod was the top gainer, up by 7.99%; followed by Gulf International Services by 3.35%, QIB by 2.94%, and Widam by 2%, then QIMC by 1.53%. In contrast, the share price of Doha Bank was the biggest loser, down by 9.4%, followed by Dlala by 5.29%, Qatar Insurance by 4.74%, and UDC by 4.66%, then Nakilat by 3.54%.

The total trading volume decreased by 9.14% to the level of QR1227.1 million in a week, so the average daily trading volume dropped to QR245.4 million. QNB led the traded shares with a volume of QR270.2 million, followed by the share of Woqod with QR161.1 million, Industries Qatar with QR109 million, and Doha Bank with QR71.1 million. It was noticed that Qatari portfolios made net sales of QR151.5 million, while Non-Qatari portfolios made net purchases of QR246.2 million. Qatari individuals made total net sales of QR100.2 million, whereas foreign individual investors made net purchases of QR5.5 million. As a result, QSE’s total capitalization climbed by QR3.4 billion to reach QR546.7 billion, and the P/E ratio rose to a multiple of 13.75 from last week’s 13.67.