Business

Thursday, February 26, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Business

The foreign funds were seen net profit takers as the 20-stock Qatar Index plunged 1.91% to 11,055.18 points, although it touched an intraday high of 11,287 points.

Foreign funds resort to heavy selloff as QSE index plummets 215 points; M-cap erodes QR14.04bn

Amid heightened geopolitical tensions ahead of a third round of US-Iran talks, the regional bourses, including Qatar Stock Exchange, Thursday witnessed heavy selloff, leading to its key index plummet 215 points and capitalisation erode in excess of QR14bn.The foreign funds were seen net profit takers as the 20-stock Qatar Index plunged 1.91% to 11,055.18 points, although it touched an intraday high of 11,287 points.The real estate, banking and telecom counters witnessed higher than average selling pressure in the main market, whose year-to-date gains truncated further to 2.72%.About 76% of the traded constituents were in the red in the main bourse, whose capitalisation eroded QR14.04bn or 2.09% to QR658.18bn mainly on account of large and midcap segments.The Gulf institutions were seen increasingly net profit takers in the main bourse, whose trade turnover and volumes were on the rise.However, the local retail investors turned bullish in the main market, which saw 0.01mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.06mn trade across 14 deals.The domestic funds were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds.The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills.The Total Return Index tanked 1.86%, the All Share Index by 1.87% and the All Islamic Index by 1.98% in the main bourse.The realty sector index plummeted 3.77%, banks and financial services (2.44%), telecom (1.97%), consumer goods and services (1.8%), industrials (0.75%), and transport (0.66%); while insurance gained 0.79%.As many as 41 declined, while only 12 gained and one was unchanged.Major shakers in the main market included Ezdan, Barwa, Lesha Bank, Qatar Oman Investment, Qamco, QNB, Qatar Islamic Bank, AlRayan Bank, Medicare Group, Woqod, Mannai Corporation, Estithmar Holding, Ooredoo and Gulf Warehousing.In the juniour bourse, Techno Q saw its shares depreciate in value.Nevertheless, Beema, Qatar General Insurance and Reinsurance, Meeza, Qatar National Cement and Qatar Insurance were among the gainers in the main market.The foreign institutions turned net sellers to the tune of QR152.91mn against net buyers of QR34.55mn on Wednesday.The Gulf institutions’ net selling increased noticeably to QR19.19mn compared to QR7.32mn the previous day.The foreign individual investors’ net buying weakened marginally to QR1.3mn against QR2.2mn on February 25.However, the local individuals were net buyers to the extent of QR119.35mn compared with net sellers of QR6.19mn on Wednesday.The domestic funds turned net buyers to the tune of QR33.53mn against net profit takers of QR18.03mn the previous day.The Arab individuals were net buyers to the extent of QR14.7mn compared with net sellers of QR2.94mn on February 25.The Gulf retail investors turned net buyers to the tune of QR3.23mn against net profit takers of QR2.27mn on Wednesday.The Arab funds had no major net exposure for the fourth consecutive session.The main market saw more than doubling of trade volumes at 346.75mn shares and almost tripling of value to QR1.18bn on 76% surge in deals to 42,291.In the venture market, as many as 7,000 equities valued at QR0.01mn changed hands across one transaction.

Salem al-Mannai, Group CEO of Qatar Insurance.

Qatar Insurance wins ‘Insurer of the Year’ honour at Mena II Awards 2026

Qatar Insurance has won the ‘Insurer of the Year’ award in the region at the Mena II Awards 2026.The company has also been named ‘Motor Insurer of the Year’ in the region, in addition to winning the ‘Insurer of the Year’ in Qatar title for the fifth consecutive year.The recognition highlights Qatar Insurance’s role in reshaping the insurance landscape across the Mena (Middle East and North Africa) region, and its success in building the region’s first insurance-powered digital ecosystem.Qatar Insurance has become the first and only company to offer seamless access to both insurance and non-insurance services through a single platform, including all insurance products, mobility, travel, and lifestyle services.Moreover, it has successfully launched several market-first products over the past few months, including Qatar’s first Personal Cyber Insurance, the first School Fees Insurance in Qatar, as well as the ‘Coins’ loyalty programme that has transformed customers’ insurance transactions into rewarding journeys.These products were a unique addition to Qatar Insurance’s personal lines portfolio and have allowed everyone in the region to benefit, for the first time, from solid financial protections that cover many aspects of their lives, from domestic living to education and online transactions.Salem al-Mannai, Group CEO of Qatar Insurance, said: “Being recognised as the best insurer in the MENA region is a strong testament to the success of our strategy, the uniqueness of our vision, and our leadership position as an innovation hub in the region.“This achievement is the result of the dedication and hard work of the entire QIC team, and reflects the great trust that millions of customers and partners have placed in QIC for more than six decades.”He added: “Building on this success, I would like to reiterate our commitment to innovation and to always providing the best services and digital solutions to our customers throughout their journey with us, ensuring they have everything they need to live with confidence and peace of mind.”The MENA II Awards programme is considered the most prestigious and influential program in the insurance sector across the region. It recognises insurance companies that demonstrate excellence in business strategy, innovation, and customer experience.Winners are selected by a jury comprising chairpersons, CEOs, and industry experts from professional associations, based on rigorous criteria including innovation, product quality, financial performance, growth, and customer satisfaction indicators.