QSE remains bullish for second straight week, Islamic equities outperform: M-cap adds QR4.14bn

The US Federal Reserve rate cut and easing of the US-China trade tensions had their positive influence on the Qatar Stock Exchange (QSE), where bullish sentiments prevailed for the second consecutive week.The Gulf institutions were seen increasingly net buyers as the 20-stock Qatar Index settled 0.73% higher this week which saw the market heavyweight Industries Qatar (IQ) report QR3.4bn net profit in the first nine months (9M) of 2025.The telecom and insurance counters witnessed higher than average demand in the main bourse this week which saw Nakilat report net profit of QR1.31bn in January-September 2025.The Gulf retail investor turned net buyers in the main market this week which saw Ooredoo Group’s 9M-2025 net profit at QR3.1bn.The overall sentiments was seen upbeat in the market that otherwise saw shakers outnumber movers this week, which saw Aamal Company approved the sale of IMO Qatar to Frijns Structural Steel Middle East for QR6.5mn.The domestic institutions were seen increasingly net profit takers in the main bourse this week which saw Qamco report net profit of QR534mn in 9M-2025.The local retail investors were also increasingly bearish in the main market this week which saw Mesaieed Petrochemical Holding report a net profit of QR520mn in January-September 2025.The foreign individuals turned net sellers in the main bourse this week which saw a total of 0.06mn AlRayan Bank-sponsored exchange traded fund QATR worth QR0.13mn trade across 23 deals.The foreign funds were seen net profit takers in the main market this week which saw a total of 0.06mn Doha Bank-sponsored exchange traded fund QETF worth QR0.6mn trade across 54 transactions.The Islamic index was seen gaining faster than the other indices of the main market this week, which saw no trading of sovereign bonds.Market capitalisation added QR4.14bn or 0.64% to QR654.74n on the back of small and midcap segments this week which saw no trading of treasury bills.Trade turnover fell amidst higher volumes in the main market, while the junior bourse saw declines in turnover and volumes this week which saw the consumer goods, industrials and realty sectors together constitute more than three-fourth of the total trade volumes.The Total Return Index rose 0.73%, the All Share Index by 0.62% and the All Islamic Index by 0.81% this week which saw Meeza report net profit of QR42.4mn in January-September 2025.The telecom sector index surged 2.48%, insurance (2.32%), real estate (0.68%), industrials (0.52%), banks and financial services (0.48%) and consumer goods and services (0.44%), while transport was down 0.08% this week which saw Mekdam Holding Group’s 9M-2025 net profit at QR27.8mn.The market was skewed towards shakers with as many as 28 constituents reporting declines, while 22 gained and two were unchanged this week which saw Qatar General Insurance and Reinsurance report net profit of QR93.08mn in 9M-2025.Major movers in the main market included QLM, Qatar German Medical Devices, Beema, Ooredoo, Qatar Islamic Insurance, Qatar Islamic Bank, Woqod, IQ, Qatar Insurance, Al Khaleej Takaful and Ezdan. In the juniour bourse, Techno Q saw its shares appreciate this week.Nevertheless, Qatar General Insurance and Reinsurance, Baladna, Qamco, Qatar Oman Investment, Mannai Corporation, Alijarah Holding, Qatar Electricity and Water, Aamal Company, Mazaya Qatar and Gulf Warehousing were among the shakers in the main market this week.The Gulf institutions’ net buying increased substantially to QR191.29mn compared to QR36.59mn the week ended October 23.The Gulf individual investors turned net buyers to the tune of QR1.61mn against net profit takers of QR6.35mn the previous week.However, the domestic institutions’ net selling strengthened significantly to QR102.18mn compared to QR5.12mn a week ago.The Qatari individuals’ net selling expanded noticeably to QR78.59mn against QR63.59mn the week ended October 23.The foreign retail investors were net profit takers to the extent of QR7.85mn compared with net buyers of QR5.17mn the previous week.The foreign institutions turned net sellers to the tune of QR2.53mn against net buyers of QR32.94mn a week ago.The Arab individuals were net sellers to the extent of QR1.75mn compared with net buyers of QR0.33mn the week ended October 23.The Arab institutions had no major net exposure against net buyers to the tune of QR0.02mn the previous week.The main market saw 7% contraction in trade volumes to 551.21mn shares but on 14% jump in value to QR1.65bn and less than 1% in deals to 94,631 this week.In the venture market, trade volumes tanked 67% to 0.12mn equities, value by 68% to QR0.27mn and transactions by 65% to 45.