QSE sees 89% of stocks in red as index plummets 356 points; M-cap erodes QR21.73bn
Reflecting the heightened geopolitical tensions, the Qatar Stock Exchange (QSE) was hit hard as its key index lost as much as 356 points and aboutQR22bn in capitalisation this week, which saw the country’s hydrocarbon bellwether QatarEnergy declare force majeure.
The transport and industrials counters witnessed higher than average selling pressure as the 20-stock Qatar Index plummeted 3.22% this week which saw the market heavyweight Industries Qatar’s (IQ) announcement regarding the stoppage of the production of some downstream products in Qatar.
About 89% of the traded constituents were in the red in the main market this week which saw Mesaieed Petrochemical Holding’s announcement on stopping production of some of the downstream products.
The real estate and industrials sectors accounted for about 50% of the trading volumes in the main market this week which saw Qamco announce the controlled shutdown of its joint venture operations.
The Islamic index was seen declining slower than the main barometer of the main market this week, which saw a total of 0.22mn AlRayan Bank-sponsored exchange traded fund QATR worth QR0.48mn trade across 127 deals.
Market capitalisation eroded QR21.73bn or 3.3% to QR636.45bn on the back of large and midcap segments this week which saw a total of 0.05mn Doha Bank-sponsored exchange traded fund QETF worth QR0.55mn trade across 56 transactions.
Trade turnover fell amidst higher volumes in the main market this week which saw no trading of sovereign bonds.
The venture market saw increased trade turnover and volumes in the main bourse this week which saw no trading of treasury bills.
The Total Return Index tanked 3.08%, the All Share Index by 2.83% and the All Islamic Index by 2.98% this week which saw Commercial Bank successfully issue $500mn additional Tier 1 capital securities.
The transport sector index plunged 6.39%, industrials (4.1%), banks and financial services (2.64%), telecom (1.97%), consumer goods and services (0.85%) and real estate (10.8%); while insurance gained 1.1% this week which saw Mosanada Facilities Management Services report net profit of QR40.27mn on revenues of QR145.5mn in 2025.
Of the 54 stocks, as many as 48 declined, while only six gained this week which saw Widam Food Company sign a memorandum of understanding with Hassad Food Company relating to a potential share swap or merger with Aalaf Qatar, wholly owned by Hassad Food.
Major shakers in the main market included Qamco, Inma Holding, Gulf International Services, Al Faleh Educational Holding, Qatar Oman Investment, QNB, Commercial Bank, Lesha Bank, Qatar German Medical Devices, Baladna, Industries Qatar, Aamal Company, Beema, Ezdan, Mazaya Qatar, United Development Company, Vodafone Qatar, Ooredoo, Nakilat, Milaha and Gulf Warehousing this week, which saw a total of 260 sovereign sukuk valued at QR2.62mn trade across three transactions.
Nevertheless, Salam International Investment, Qatar Insurance, Barwa, Estithmar Holding and Woqod were among the gainers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value this week.
The main bourse saw a 2% jump in trade volumes to 885.28mn shares but on 9% fall in value to QR2.5bn despite 8% higher deals to 160,052 this week.
In the venture market, trade volumes grew almost six-fold to 0.29mn equities and value by almost six-fold to QR0.58mn on more than tripled transactions to 66 this week.