Qatar Stock Exchange remains bullish on buying support; M-cap adds QR1.31bn

Oil price strength had its positive reverberation in the Qatar Stock Exchange (QSE), which closed this week on a higher note, mainly on Gulf institutions’ stronger buying support.

The industrials, transport and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.24% this week which saw Qatar Islamic Bank report net profit of QR3.46bn in the first nine months (9M) of 2025.

The foreign funds were seen net buyers in the main bourse this week which saw Aamal Company report net profit of QR327.27mn in 9M-2025.

The Gulf individuals’ weakened net selling had its influence on the main market this week which saw Baladna’s January-September net profit at QR381.35mn.

The domestic institutions’ lower net profit booking had its marginal impact on the main bourse this week which saw United Development Company report net profit of QR222mn in third quarter ended September 2025.

The foreign retail investors continued to be net buyers but with lesser intensity in the main market this week which saw Lesha Bank report a net profit of QR140.1mn in 9M-2025.

The Arab individuals also continued to be bullish but with lesser vigour in the main bourse this week which saw a total of 0.42mn AlRayan Bank-sponsored exchange traded fund QATR worth QR0.96mn trade across 97 deals.

The local retail investors turned net profit takers in the main market this week which saw a total of 0.02mn AlRayan Bank-sponsored exchange traded fund QATR worth QR0.22mn trade across 21 deals.

The Islamic index was seen gaining slower than the other indices of the main market this week, which saw no trading of sovereign bonds.

Market capitalisation added QR1.31bn or 0.2% to QR650.6bn on the back of small and microcap segments this week which saw no trading of treasury bills.

Trade turnover and volumes were on the decrease in the main and junior markets this week which saw the realty, industrials and consumer goods sectors together constitute about 77% of the total trade volumes.

The Total Return Index rose 0.24%, the All Share Index by 0.2% and the All Islamic Index by 0.03% this week which saw Mannai Corporation achieve a group net profit of QR101mn in January-September 2025.

The industrials sector gained 0.78%, transport (0.69%), consumer goods and services (0.39%) and banks and financial services (0.04%); while real estate declined 1.2%, insurance (0.29%) and telecom (0.02%) this week which saw Doha Bank and PayTabs enter into strategic partnership to empower Qatar’s digital commerce sector.

The market was however skewed towards shakers with as many as 27 constituents reporting declines, while 22 gained and four were unchanged this week which saw Aamal Company commence negotiations to sell its subsidiary, IMO Qatar to an associate, Frijns for Steel Structures Middle East Qatar.

Major movers in the main market included Meeza, QLM, Salam International Investment, Dlala, Qamco, Ahlibank Qatar, Industries Qatar, Inma Holding, Qatar Oman Investment, Qatar Electricity and Water, Mesaieed Petrochemical Holding and Nakilat this week.

Nevertheless, about 51% of the traded constituents were in the red with major losers being Qatar General Insurance and Reinsurance, Qatar German Medical Devices, Aamal Company, Qatar Insurance, United Development Company, Mekdam Holding, Estithmar Holding, Barwa and Gulf Warehousing. In the venture market, Techno Q saw its shares depreciate in value this week.

The Gulf institutions’ net buying increased drastically to QR36.59mn compared to QR1.47mn the week ended October 16.

The foreign institutions turned net buyers to the tune of QR32.94mn against net sellers of QR33.92mn the previous week.

The Gulf individual investors’ net profit booking weakened noticeably to QR6.35mn compared to QR10.64mn a week ago.

The domestic institutions’ net selling eased marginally to QR5.12mn against QR5.3mn the week ended October 16.

However, the Qatari individuals turned net sellers to the extent of QR63.59mn compared with net buyers of QR24.8mn previous week.

The foreign individual investors’ net buying declined perceptibly to QR5.17mn against QR10.86mn a week ago.

The Arab individuals’ net buying shrank considerably to QR0.33mn compared to QR11.46mn the week ended October 16.

The Arab institutions’ net buying shrank markedly to QR0.02mn against QR1.28mn the previous week.

The main market saw 10% contraction in trade volumes to 590.41mn shares, 20% in value to QR1.45bn and 8% in deals to 94,311 this week.

In the venture market, trade volumes tanked 59% to 0.36mn equities, value by 60% to QR0.85mn and transactions by 38% to 128.

(Ends)