Qatari financial markets newsletter

QATAR

BSS NEWS BITES ALERTS ISSUED FOR QATAR MARKET ON SUNDAY 21 JANUARY 2018

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Qatar Market down 5.25 points or -0.05% to 10,241.67

BSS News Bites issued 4 Alerts on notable trading amongst the 38 Stocks traded on the Total Qatar Market today, of which 0 (0%) were Bearish.

Among the sectors, Telecoms slipped 0.9 percent, Insurance weakened 0.64 percent, while Transportation gained 0.91 percent.

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

HEAVYWEIGHT MARKET LEADERS

+ Qatar National Bank, Qatar's largest bank by market capitalisation, has decreased 0.7% to trade at QAR136.22 vs. the QE Index which weakened 19.6 points (or 0.2%) to 9,155.9. Representing a weighting of about 32.0% of the index, the stock accounted for the loss. Trading volume was 85% of average at the end of the day. Compared with the QE Index which fell 19.6 points (or 0.2%) in the day, this represented a relative price change of -0.5%.

+ Qatar Insurance (QE:QATI) has lifted 2.6% to trade at QAR56.50 vs. the QE Index which strengthened 22.6 points (or 0.2%) to 9,198.2. Representing a weighting of about 4.0% of the index, the stock accounted for 41.6% of today's gain. Trading volume was 2.6 times average so far today.

SECTOR BULLS

+ Ezdan Holding Group QSC (QE:ERES) has increased 1.2% to trade at QAR12.20 vs. the Real Estate index which strengthened 21.4 points (or 1.1%) to 1,996.2. Representing a weighting of about 61.4% of the index, the stock accounted for 70.8% of today's gain. The shares have outperformed 96% of the market in the past three months.

+ Qatar International Islamic Bank (QE:QIIK) has increased 1.0% to trade at QAR59.50 vs. the Banks & Financial Services index which strengthened 5.3 points (or 0.2%) to 2,860.7. Representing a weighting of about 4.2% of the index, the stock accounted for 21.2% of today's gain. The shares have outperformed 83% of the market in the past six months.

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Widam Food keeps rising: up 12.1% in 3 days 21 January 2018 10:06 AST, it closed at QR71.76QR71.76QR1.74 [2.48%]2.9