Qatari financial markets newsletter

QATAR

BSS NEWS BITES ALERTS ISSUED FOR QATAR MARKET ON THURSDAY 24 MAY 2018

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Qatar Market up 30.27 points or 0.3% to 10,218.55

BSS News Bites issued 3 Alerts on notable trading amongst the 42 Stocks traded on the Total Qatar Market today, of which 3 (100%) were Bullish.

Among the sectors, Transportation gained 2.19 percent, Consumer Goods & Services added 0.82 percent, while Insurance slipped 1.35 percent.

Of all the Alerts, the following were the most prominent in today's trading:

HEAVYWEIGHT MARKET LEADERS

+ Qatar Islamic Bank, Qatar's 2nd largest bank by market capitalisation, has lifted 2.5% to trade at QAR119.89 vs. the QE Index which strengthened 54.7 points (or 0.6%) to 9,048.6. Representing a weighting of about 7.1% of the index, the stock accounted for 29.4% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 3.8 times average at the end of the day. Compared with the QE Index which rose 54.7 points (or 0.6%) in the day, this represented a relative price increase of 1.9%.

+ Qatar National Bank (QE:QNBK) has increased 0.2% to trade at QAR160.0 vs. the QE Index which strengthened 8.8 points (or 0.1%) to 9,002.6. Representing a weighting of about 37.3% of the index, the stock accounted for 63.1% of today's gain. The shares have outperformed 88% of the market in the past week. Trading volume was 1.1 times average so far today.

SECTOR BULLS

+ Qatar Insurance (QE:QATI) has increased 0.8% to trade at QAR34.84 vs. the Insurance index which strengthened 20.9 points (or 0.7%) to 3,033.7. Representing a weighting of about 61.2% of the index, the stock accounted for 66.7% of today's gain. Trading volume was 2.1 times average so far today.

BSS News Bites alerted Consecutive Rises in 1 Stock through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Doha Insurance keeps rising: up 7.5% in 3 days 24 May 2018 10:06 AST, it closed at QR12.93QR12.9343.0 dirhams [3.44%]2.1