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BSS NEWS BITES ALERTS ISSUED FOR QATAR MARKET ON THURSDAY 20 SEPTEMBER 2018

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Qatar Market down 23.29 points or -0.21% to 11,074.16

BSS News Bites issued 4 Alerts on notable trading amongst the 42 Stocks traded on the Total Qatar Market today, of which 2 (50%) were Bearish.

Among the sectors, Telecoms slipped 0.67 percent, Banks & Financial Services weakened 0.18 percent, while Insurance gained 0.58 percent.

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

HEAVYWEIGHT MARKET LEADERS

+ Industries Qatar, Qatar's largest chemicals company by market capitalisation, has decreased 0.5% to trade at QAR122.36 vs. the QE Index which weakened 4.9 points (or 0.05%) to 9,790.0. Representing a weighting of about 17.1% of the index, the stock accounted for the loss. The shares have underperformed 95% of the market in the past week. Trading volume was 1.3 times average at the end of the day. Compared with the QE Index which fell 4.9 points (or 0.05%) in the day, this represented a relative price change of -0.4%.

+ Qatar Islamic Bank (QE:QIBK) has decreased 1.5% to trade at QAR135.09 vs. the QE Index which weakened 9.6 points (or 0.1%) to 9,785.3. Representing a weighting of about 7.4% of the index, the stock accounted for the loss. The shares have underperformed 85% of the market in the past week. Trading volume was 3.9 times average so far today.

SECTOR BULLS

+ Qatar Insurance, Qatar's largest insurance company by market capitalisation, has lifted 2.0% to trade at QAR39.08 vs. the Insurance index which strengthened 18.8 points (or 0.6%) to 3,270.3. Representing a weighting of about 65.5% of the index, the stock accounted for the gain. The shares have outperformed 95% of the market in the past week. Trading volume was 4.2 times average at the end of the day. Compared with the QE Index which fell 4.9 points (or 0.05%) in the day, this represented a relative price increase of 2.1%.

SECTOR BEARS

+ MediCare Group - Al-Ahli Hospital (QE:MCGS) has decreased 1.4% to trade at QAR65.04 vs. the Consumer Goods & Services index which weakened 19.7 points (or 0.3%) to 6,469.1. Representing a weighting of about 8.2% of the index, the stock accounted for 38.5% of today's loss. The shares have underperformed 92% of the market in the past week. Trading volume was 82.5 times average so far today.

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Zad Holding keeps rising: up 12.2% in 5 days 20 September 2018 10:06 AST, it closed at QR102.97QR102.976.0 dirhams [0.06%]1.7