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Qatar foreign institutions remain bullish, trading value down 13.66% - QNBFS

Qatar foreign institutions remain bullish, trading value down 13.66% - QNBFS
In its report on the last week’s trading, Qatar National Bank Financial Services (QNBFS) stated that trading value during the week decreased by 13.66% to reach QR5.44bn vs. QR6.31bn in the prior week.

The Banks & Financial Services sector led the trading value during the week, accounting for 30.0% of the total equity trading value. Mazaya Qatar Real Estate Development (MRDS) was the top value traded stock during the week with total traded value of QR422.8mn. Trading volume decreased by 4.52% to reach 168.6mn shares vs. 176.6mn shares in the prior week. The number of transactions fell by 5.39% to reach 65,359 transactions versus 69,084 transactions in the prior week. The Real Estate sector led the trading volume, accounting for 30.4%. Vodafone Qatar (VFQS) was the top volume traded stock during the week with total traded volume of 22.9mn shares.

Foreign institutions remained bullish for the week with net buying of QR246.1mn vs. net buying of QR264.9mn in the prior week. Qatari institutions remained bearish with net selling of QR206.4mn vs. net selling of QR209.4mn the week before. Foreign retail investors remained bearish for the week with net selling of QR34.3mn vs. net selling of QR30.3mn in the prior week. Qatari retail investors remained bearish with net selling of QR4.9mn vs. QR25.9mn the week before.