Author

Thursday, February 02, 2023 | Daily Newspaper published by GPPC Doha, Qatar.
 Santhosh V. Perumal
Santhosh V. Perumal
Santhosh V. Perumal, a postgraduate in Econometrics with an advance qualification in Capital Markets and Financial Services, is Gulf Times' journalist. His coverage areas are debt and equity, hydrocarbons, international trade, environment, banks, insurance and real estate. Previously, he was in New Delhi, India as Senior Finance Correspondent of PTI.
QSE
Business
Realty, insurance, banks lift QSE above 11,800 points

The Qatar Stock Exchange on Tuesday gained 73 points to cross the 11,800 levels, mainly lifted by the real estate, insurance and banking sectors. The foreign institutions continued to be net buyers but with lesser intensity even as the 20-stock Qatar Index settled 0.63% higher at 11,826.31 points, even as it touched an intraday high of 11,856 points. The net selling pressure from the domestic funds and foreign individuals were on the decline in the bourse, whose year-to-date gains were at 13.32%. The Gulf individuals continued to be net buyers but with lesser vigour in the market, whose capitalisation saw more than QR4bn or 0.65% increase to QR682.82bn, mainly owing to large cap segments. The Arab individuals were seen net profit takers in the bourse, where the industrials sector alone constituted more than 55% of the total trading volume. The overall trade turnover and volumes were on the increase in the main market, where the Gulf funds continued to be net buyers but with lesser intensity. The local retail investors were seen bearish in the market, which saw a total of 27,890 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR126,081 change hands across 10 deals. The Total Return Index gained 0.63% to 23,410.9 points, All Share Index by 0.63% to 3,742.87 points and Al Rayan Islamic Index (Price) by 0.62% to 2,635.75 points in the market, which saw no trading of sovereign bonds and treasury bills. The realty sector index soared 1.18%, insurance (0.96%), banks and financial services (0.81%), transport (0.58%), industrials (0.26%) and consumer goods and services (0.19%); while telecom was down 0.04%. More than 71% of the traded constituents in the main market extended gains with major movers being Gulf International Services, Aamal Company, Mannai Corporation, Qamco, Doha Insurance, QNB, Masraf Al Rayan, Dlala, QLM, Barwa, Mazaya Qatar and Nakilat. Nevertheless, Qatar Industrial Manufacturing, Gulf Warehousing, Medicare Group, Industries Qatar and Doha Bank were seen losers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares lose steam. The domestic funds’ net selling decreased drastically to QR11.43mn compared to QR93.68mn on November 1. The foreign individuals’ net selling also declined perceptibly to QR3.93mn against QR5.81mn the previous day. However, Qatari individuals were net sellers to the extent of QR21.91mn compared with net buyers of QR35.59mn on Monday. The Arab individuals turned net sellers to the tune of QR9.04mn against net buyers of QR2.84mn on November 1. The foreign institutions’ net buying shrank markedly to QR41.46mn compared to QR49.62mn the previous day. The Gulf institutions’ net buying weakened noticeably to QR4.24mn against QR10.58mn on Monday. The Gulf individuals’ net buying eased marginally to QR0.61mn compared to QR0.85mn on November 1. The Arab institutions continued to have no major net exposure for the fourth straight session. Total trade volume in the main market grew 34% to 218.42mn shares, value by 7% to QR600.88mn and transactions by 1% to 13,015. The industrials sector’s trade volume more than doubled to 120.36mn equities and value also more than doubled to QR252.68mn on 44% increase in deals to 3,977. There was 38% surge in the insurance’s sector’s trade volume to 1.5mn stocks, 10% in value to QR3.97mn and 69% in transactions to 167. The consumer goods and services sector’s trade volume grew 7% to 27.28mn shares and value by 6% to QR52.43mn, while deals were down 1% to 1,164. The telecom sector’s trade volume was up 6% to 3.3mn equities, value by 53% to QR13.84mn and transactions by 86% to 640. However, the market witnessed 31% plunge in the real estate sector’s trade volume to 19.58mn stocks, 36% in value to QR28.44mn and 9% in deals to 744. The transport sector’s trade volume tanked 19% to 15.1mn shares and value by 36% to QR81.39mn, whereas transactions were up 1% to 1,435. The banks and financial services sector saw 13% shrinkage in trade volume to 31.3mn equities, 17% in value to QR168.13mn and 22% in deals to 4,833. In the venture market, volume, value and transactions were seen tumbling 74.28%, 78.84% and 63.16% respectively.    

Gulf Times
Business
Qatar bourse witnesses buying interests in Islamic equities

The Qatar Stock Exchange on Monday witnessed buying interests in the Islamic equities but overall it settled in the negative for the second straight session. The increased buying interests of foreign and Gulf funds notwithstanding, the 20-stock Qatar Index settled 12 points or 0.1% lower at 11,752.58 points, having touched an intraday high of 11,813 points. Local retail investors were seen bullish in the bourse, whose year-to-date gains were at 12.62%. The consumer goods, telecom, transport, industrials and insurance counters witnessed higher than average selling pressure in the market, whose capitalisation saw more than QR1bn or 0.2% decrease to QR678.4bn, mainly owing to mid and small cap segments. The domestic institutions were increasingly into net profit booking in the bourse, where the industrials and banking sectors together constituted about 53% of the total trading volume. The overall trade turnover grew amidst lower volumes in the main market, where the foreign individuals turned net sellers. The Arab individuals continued to be net buyers but with lesser intensity in the market, which saw a total of 5,898 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR15,310 change hands across three deals. The Total Return Index was down 0.1% to 23,264.95 points and All Share Index by 0.21% to 3,719.49 points, while Al Rayan Islamic Index (Price) rose 0.09% to 2,619.47 points in the market, which saw no trading of sovereign bonds and treasury bills. The consumer goods and services sector index declined 0.87%, telecom (0.77%), transport (0.62%), industrials (0.6%) and insurance (0.25%); while real estate gained 0.58% and banks and financial services (0.06%). More than 53% of the traded constituents in the main market were in the red with major losers being Doha Bank, Qatari Investors Group, Industries Qatar, Doha Insurance, Inma Holding, Woqod, Baladna, Al Khaleej Takaful, QLM, Mazaya Qatar, Ezdan, Vodafone Qatar and Nakilat. Nevertheless, Mesaieed Petrochemical Holding, Qatar National Cement, Qamco, Qatar First Bank, Masraf Al Rayan, Commercial Bank, Barwa and United Development Company were among the movers in the main market. In the venture market, Mekdam Holding shares extended gains. The domestic funds’ net selling increased drastically to QR93.68mn compared to QR29.84mn on October 31. The foreign individuals turned net sellers to the tune of QR5.81mn against net buyers of QR4.66mn on Sunday. The Arab individuals’ net buying declined noticeably to QR2.84mn compared to QR8.1mn the previous day. However, the foreign institutions’ net buying grew significantly to QR49.62mn against QR26.41mn on October 31. The local retail investors were net buyers to the extent of QR35.59mn compared with net sellers of QR11.54mn on Sunday. The Gulf institutions’ net buying strengthened markedly to QR10.58mn against QR1.4mn the previous day. The Gulf individuals’ net buying increased marginally to QR0.85mn compared to QR0.8mn on October 31. The Arab institutions continued to have no major net exposure for the third straight session. Total trade volume in the main market fell 4% to 163.3mn shares, while value rose 23% to QR560.52mn and transactions by 65% to 12,878. The telecom sector’s trade volume plummeted 78% to 3.1mn equities, value by 73% to QR9.07mn and deals by 62% to 345. There was 50% plunge in the insurance’s sector’s trade volume to 1.09mn stocks, 44% in value to QR3.6mn and 44% in transactions to 99. The consumer goods and services sector’s trade volume tanked 23% to 25.54mn shares, value by 30% to QR49.45mn and deals by 6% to 1,175. The banks and financial services sector saw 9% shrinkage in trade volume to 36.11mn equities but on 42% growth in value to QR203.5mn amidst almost tripled transactions to 6,202. The industrials sector’s trade volume was down 6% to 50.22mn stocks, whereas value shot up 6% to QR123.8mn and deals by 33% to 2,756. However, the market witnessed 79% surge in the real estate sector’s trade volume to 28.37mn shares, 92% in value to QR44.46mn and 64% in transactions to 874. The transport sector’s trade volume expanded 48% to 18.68mn equities and value more than doubled to QR126.65mn on more than doubled deals to 1,427. In the venture market, volume, value and transactions were seen tumbling 24.76%, 52.68% and 9.52% respectively.

Qatar's Hamad, Doha and Al Ruwais ports have witnessed about five-fold expansion year-on-year in cargo handling in October 2021, reflecting the buoyancy in trade, according to the official statistics
Business
Qatar's ports see 394% surge y-o-y in cargo handling in October

Qatar's Hamad, Doha and Al Ruwais ports have witnessed about five-fold expansion year-on-year in cargo handling in October 2021, reflecting the buoyancy in trade, according to the official statistics. The general cargo handled through three ports stood at 181,073 tonnes in October 2021, which registered a 394% and 58.3% surge year-on-year and month-on-month respectively. On a cumulative basis, the general cargo through the three ports totalled 1.39mn tonnes during January-October this year, said the figures released by the Planning and Statistics Authority. Hamad Port – whose multi-use terminal is designed to serve the supply chains for the RORO, grains and livestock – alone handled 102,125 freight tonnes of bulk and 75,467 freight tonnes of break-bulk in October this year. The number of ships calling on Qatar's three ports stood at 288 in October 2021, which nevertheless declined 12.73% and 3.03% respectively on a yearly and monthly basis respectively. As many as 2,811 ships had called on these ports during the first ten months of this year. Hamad Port – which features an intermodal transport network that offers direct and indirect shipping services to more than 100 destinations, facilitating efficient transportation and logistics services locally and abroad – alone witnessed as many as 120 vessels in October this year. Qatar Chamber recently said the country's foreign trade and private sector’s exports have been showing promising results, indicating that the Qatari economy has witnessed a remarkable recovery from the negative impacts of Covid-19 pandemic. The container handling through the three ports stood at 114,427 TEUs (twenty-foot equivalent units), which, however, fell 10.95% and 11.13% year-on-year and month-on-month respectively in October 2021. The container handling stood at 1.31mn TEUs in the first ten months of this year. Hamad Port, which is the largest eco-friendly project in the region and internationally recognised as one of the largest green ports in the world, saw as many as 112,959 TEUs of containers handled in October 2021. Recently QTerminals said the four remaining quay cranes and 10 rubber tired gantry, which are to be deployed for operations in Container Terminal 2 of Hamad Port, have been loaded from China and will arrive in Hamad Port this month. The three ports were seen handling 45,494 livestock in October, showing a 37.18% and 40.75% expansion on a yearly and monthly basis respectively. The ports had handled 289,081 heads during January-October 2021. The building materials handled stood at 36,236 tonnes this October, which shrank 3.52% and 13.15% year-on-year and month-on-month respectively. A total of 490,002 tonnes of building materials had been handled by these three ports during the first ten months of this year. The rebound of business activities, especially in the construction sector; rather corroborates the Qatar Financial Centre’s positive outlook on the non-energy private sector. The three ports had handled 5,008 vehicles (RORO) in October 2021, which fell 13.98% year-on-year but grew 14.97% month-on-month. They together handled 61,213 vehicles during January-October this year. Hamad Port alone handled 4,903 units in October this year.

QSE
Business
QSE settles below 11,800 levels amid buying interests in telecom, transport

The Qatar Stock Exchange on Sunday opened the week weak as its key index fell 0.35% to settle below the 11,800 levels despite strong buying in the telecom and transport sectors. The bullish outlook of the Arab individuals notwithstanding, the 20-stock Qatar Index settled 42 points lower at 11,764.77 points, having touched an intraday high of 11,808 points. The foreign institutions continued to be net buyers but with lesser intensity in the bourse, whose year-to-date gains were at 12.73%. The real estate and consumer goods counters witnessed higher than average selling pressure in the market, whose capitalisation saw more than QR2bn or 0.33% decrease to QR679.76bn, mainly owing to mid and microcap segments. The domestic institutions’ net profit booking weakened considerably in the bourse, where the industrials, banking and consumer goods sectors together constituted about 74% of the total trading volume. The overall trade turnover declined amidst higher volumes in the main market, where the Gulf institutions’ net buying weakened significantly. The foreign individuals were increasingly into net buying in the market, which saw a total of 35,545 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR168,888 change hands across 10 deals. The Total Return Index shrank 0.35% to 23,289.07 points, the All Share Index by 0.24% to 3,727.18 points and the Al Rayan Islamic Index (Price) by 0.98% to 2,617.08 points in the market, which saw no trading of sovereign bonds and treasury bills. The realty sector index tanked 1.79%, consumer goods and services (0.54%) and banks and financial services (0.35%); while telecom gained 1.02%, transport (0.36%), insurance (0.05%) and industrials (0.03%). About 59% of the traded constituents in the main market were in the red with major losers being Mesaieed Petrochemical Holding, Baladna, United Development Company, Mannai Corporation, Investment Holding Group, Qatar Islamic Bank, QIIB, Qatar First Bank, Qatar National Cement, Qamco, QLM and Barwa. In the venture market, both Al Faleh Educational Holding and Mekdam Holding were in the negative turf. Nevertheless, Doha Bank, Commercial Bank, Industries Qatar, Vodafone Qatar, Gulf International Services, Ooredoo, Qatar General Insurance and Reinsurance, Gulf Warehousing and Nakilat were among the gainers in the main market. The Gulf institutions’ net buying decreased substantially to QR1.4mn compared to QR177.41mn on October 28. The foreign institutions’ net buying fell significantly to QR26.41mn against QR42.65mn the previous trading day. The Gulf individuals’ net buying weakened marginally to QR0.8mn compared to QR1.5mn last Thursday. However, the Arab individuals turned net buyers to the tune of QR8.1mn against net sellers of QR16.24mn on October 28. The foreign individuals’ net buying strengthened perceptibly to QR4.66mn compared to QR2.04mn the previous day. The domestic funds’ net selling declined drastically to QR29.84mn against QR194.57mn last Thursday. The local retail investors’ net profit booking eased marginally to QR11.54mn compared to QR12.79mn on October 28. The Arab institutions continued to have no major net exposure for the second straight session. Total trade volume in the main market rose 1% to 170.71mn shares, while value declined 30% to QR457.27mn and transactions by 30% to 7,788. The telecom sector’s trade volume more than tripled to 13.95mn equities and value zoomed 30% to QR34.05mn, whereas deals shrank 21% to 914. There was a 29% surge in the transport sector’s trade volume to 12.65mn stocks, 20% in value to QR62.64mn and 6% in transactions to 626. The consumer goods and services sector’s trade volume shot up 10% to 33.18mn shares, value by 3% to QR70.47mn and deals by 2% to 1,249. The banks and financial services sector saw a 7% jump in trade volume to 39.69mn equities but on a 54% shrinkage in value to QR143.48mn and 47% in transactions to 2,211. However, the insurance’s sector’s trade volume plummeted 42% to 2.19mn stocks, value by 36% to QR6.42mn and deals by 22% to 177. The market witnessed a 21% plunge in the industrials sector’s trade volume to 53.2mn shares, 30% in value to QR117.02mn and 36% in transactions to 2,079. The real estate sector’s trade volume was down 1% to 15.85mn equities, while value grew 13% to QR23.19mn amidst 9% lower deals at 532.    

QSE
Business
QSE-listed companies’ nine-month net profit surges 36%

Optimistic economic projections, robust vaccination drive and easing of the Covid-19 restrictions have helped the listed firms post a strong double-digit year-on-year growth in the overall net earnings during the first nine months (9M) of 2021; indicating the resiliency of the corporate sector. The net earnings' growth has been mainly on account of robust expansion in the net profitability of the insurance, industrials and consumer goods sectors, according to data compiled by the Qatar Stock Exchange. The listed companies' total net profit soared 35.86% year-on-year to QR33.48bn during January-September 2021 against a 17.26% decline the year-ago period; reflecting the positive sentiments in Qatar, which is better placed in the Gulf region in the fight against the pandemic. The resumption of business activities after the beginning of the easing of pandemic related restrictions, especially during the second quarter, had its reflection in the subsequent quarter too, helping in the overall earnings growth during 9M-21. The banking and financial services and industrials sectors together contributed more than 86% of the cumulative net profits in the review period; hinting at the strong outlook for the non-hydrocarbons. The insurance sector, which has six listed entities, reported a 524.61% surge year-on-year in total profit to QR0.8bn in 9M-21 against a 90.52% plunge in the previous-year period, when there were only five firms. The sector contributed more than 2% to the overall net profitability of the listed firms in the review period. The proposed mandatory health insurance and the substantial expansion in the North Field are expected to augur well for the insurance sector in the future, according to reports. The industrials sector, which has 10 listed constituents, saw a huge 228.74% year-on-year increase in net profitability to QR9.41bn against a 36.32% decline in the year-ago period. The sector contributed more than 28% to the overall net profitability of the listed entities during January-September 2021. Within the industrials sector, the country’s underlying companies that have direct linkages with the hydrocarbons sectors saw price rebound, helping them substantially enhance the net earnings. The increased construction activities had also generated increased demand for raw materials associated with it. The consumer goods and services sector, which has 10 listed entities, saw a 105.48% year-on-year expansion in cumulative net profit to QR1.31bn at the end of September compared to 53.73% shrinkage in the previous year period. The sector contributed about 4% to the overall net profitability in the review period. The transport sector, which has three listed constituents, saw its cumulative net earnings grow 25.23% year-on-year to QR1.82bn compared to a 9.51% jump in the corresponding period of 2020. The sector's net profit constituted more than 5% of the total net profit of the listed companies during the nine months of this year. The banks and financial services sector, which has 13 listed entities, reported 15.42% year-on-year growth in cumulative net profit to QR19.52bn against a 10.53% contraction the comparable period of 2020. The sector contributed more than 58% of the total net profits of the listed companies in January-September 2021. The realty segment, which has four listed entities, saw an 11.47% year-on-year growth in net earnings to QR1.16bn during 9M-21 against a 36.77% drop in the year-ago period. The sector constituted more than 3% of the overall net profitability in the review period.    

QSE
Business
Gulf institutions exhibit strong buy interests amidst weak sentiments

Strong gains on the last day notwithstanding, the Qatar Stock Exchange closed the week on a weaker note despite increased net buying interests of the Gulf institutions. The foreign funds continued to be net buyers but with lesser intensity as the 20-stock Qatar Index settled 0.55% lower this week which saw Mesaieed Petrochemical Holding report net profit of QR1.44bn in the first nine months (9M) of 2021. The telecom, real estate, industrials, insurance and transport counters witnessed higher than average selling pressure this week which saw Qatar Electricity and Water Company’s 9M net profit at QR1.18bn. About 77% of the traded stocks were in the red this week which saw Doha Bank’s January-September net profit reach QR891.81mn. The Arab individuals were seen net profit takers this week which saw Qatar Insurance Company’s 9M net profit at QR498.24mn. The local retail investors’ profit booking weakened considerably this week which saw Milaha report QR654mn net profit for 9M 2021. The domestic funds continued to be net sellers but with lesser vigour this week which saw Aamal Company’s 9M net profit at QR207.16mn. The Gulf individual investors were net buyers, albeit at lower levels, this week which saw a total of 45,061 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR118,481 change hands across 22 transactions. The Islamic index was seen declining faster than the other indices this week which saw a total of 27,030 Doha Bank-sponsored QETF valued at QR308,827 trade across eight deals. Market capitalisation saw more than QR2bn or 0.34% erosion to QR682.02bn, mainly on microcap segments this week which saw the industrials, banking and consumer goods sectors together constitute about 76% of the total trade volume. The Total Return Index declined 0.55%, All Share Index by 0.35% and All Islamic Index by 1.13% this week which saw Mannai Corporation report net profit of QR189.84mn during 9M-2021. The telecom sector index plummeted 3.47%, realty (1.77%), industrials (1.5%), insurance (1.35%), transport (1.18%) and consumer goods and services (0.03%); while banks and financial services gained 0.53% this week which saw Nakilat takes delivery of the third new-build liquefied natural gas carrier. Major losers in the main market included Investment Holding Group, Qatari German Medical Devices, Qamco, Mannai Corporation, Gulf International Services, Doha Bank, Qatar Insurance, Masraf Al Rayan, Dlala, Inma Holding, Industries Qatar, QLM, Qatari Investors Group, Ooredoo, Vodafone Qatar, Nakilat and Gulf Warehousing this week which saw no trading of sovereign bonds. Nevertheless, Aamal Company, QNB, Qatar Industrial Manufacturing, Woqod and Qatar Islamic Bank were among the gainers in the main market and Al Faleh Education Holding and Mekdam Holding in the venture market this week which saw no trading of treasury bills. The overall trade turnover and volumes in the main market and the junior bourse were on the decline this week which saw Barwa sign QR641.4mn financial deal with a local bank for its school project being built under public private partnership. In the main market, the industrials sector accounted for 42% of the total trade volume, consumer goods and services (17%), banks and financial services (16%), real estate (14%), transport (7%), telecom (2%) and insurance (1%) this week. In terms of value, the banks and financial services sector’s share was 35%, industrials (32%), consumer goods and services (11%), transport (11%), realty (7%), telecom (3%) and insurance (1%) this week. The Arab individuals turned net sellers to the tune of QR14.48mn against net buyers of QR10.55mn the week ended October 21. The foreign funds’ net buying weakened substantially to QR135.45mn compared to QR413.11mn a week ago. The foreign individuals’ net buying shrank markedly to QR3.26mn against QR13.93mn the previous week. However, the Gulf funds’ net buying grew considerably to QR248.7mn compared to QR94.98mn the week ended October 21. The Qatari individuals’ net selling fell drastically to QR2.38mn against QR120.47mn a week ago. The domestic funds’ net profit booking eased noticeably to QR370.68mn compared to QR399.36mn the previous week. The Gulf individuals were net buyers to the extent of QR0.1mn against net sellers of QR12.75mn the week ended October 21. The Arab funds turned net buyers to the tune of QR0.03mn compared with no major next exposure a week ago. Total trade volume in the main market fell 27% to 877.13mn shares, value by 22% to QR2.62bn and transactions by 20% to 56,183. The banks and financial services sector saw 34% plunge in trade volume to 143.6mn equities, 15% in value to QR919.27mn and 22% in deals to 21,382. The consumer goods and services sector’s trade volume plummeted 30% to 147.86mn stocks, value by 26% to QR281.54mn and transactions by 26% to 6,123. The transport sector reported 27% shrinkage in trade volume to 61.29mn shares, 28% in value to QR277.85mn and 22% in deals to 3,751. The real estate sector’s trade volume tanked 26% to 123.74mn equities, value by 25% to QR185.29mn and transactions by 14% to 5,390. There was 24% contraction in the insurance sector’s trade volume to 10.13mn stocks, 33% in value to QR30.92mn and 21% in deals to 793. The industrials sector’s trade volume shrank 23% to 371.2mn shares, value by 27% to QR839.86mn and transactions by 19% to 15,949. The market witnessed 15% dip in the telecom sector’s trade volume to 19.3mn equities but on 28% jump in value to QR81.53mn despite 9% lower deals at 2,795. In the venture market, volumes plummeted 62% to 0.13mn stocks, value by 48% to QR0.86bn and transactions by 52% to 39.    

Qatar's PPI, which captures price pressure felt by producers of goods and services, grew 4.4%on a monthly basis, said the figures released by the Planning and Statistics Authority (PSA).
Business
Qatar's PPI soars 87.2% y-o-y in September: PSA

Energy-rich Qatar's hydrocarbons and manufacturing sectors continued to face significant price pressure this September, as the country's producers' price index (PPI) zoomed 87.2% year-on-year, according to the official estimates. Qatar's PPI, which captures price pressure felt by producers of goods and services, grew 4.4%on a monthly basis, said the figures released by the Planning and Statistics Authority (PSA). The PSA had released a new PPI series in late 2015. With a base of 2013, it draws on an updated sampling frame and new weights. The previous sampling frame dates from 2006, when the Qatari economy was much smaller than today and the range of products made domestically much narrower. The hardening of the global crude oil and industrial input prices had its reflection in the PPI. The mining PPI, which carries the maximum weight of 72.7%, reported a robust 102.2% increase year-on-year in September 2021 as the selling price of crude petroleum and natural gas was seen soaring 102.8%; even as that of stone, sand and clay declined 3.8%. The mining PPI registered a 5.2% jump on a monthly basis in September this year on the back of a 5.2% jump in the average selling price of crude petroleum and natural gas and 2.6% in stone, sand and clay. The manufacturing sector PPI, which has a weight of 26.8% in the basket, saw a 63.3% growth year-on-year in September 2021 on the back of a 92.4% surge in the price of basic chemicals, 67.6% in refined petroleum products, 38.3% in basic metals, 9.7% in rubber and plastics products, 3.1% in other chemical products and fibres, 0.8% in dairy products and 0.6% in beverages. Nevertheless, there was a 3.1% decline in the average selling price of cement and other non-metallic mineral products, 0.8% in juice and 0.8% in grain mill and other products. The manufacturing sector PPI had seen a monthly 2.8% increase in September 2021 as the average selling price of refined petroleum products shot up 3.9%, cement and other non-metallic mineral products (2%), basic chemicals (1.9%), grain mill and other products (0.2%), dairy products (0.1%) and beverages (0.01%). However, there was a 2.7% decline in the average selling price of juices and 0.5% in paper and paper products. The utilities group, which has a mere 0.5% weightage in the PPI basket, saw its index soar 13.8% year-on-year because there was a 22% increase in the average selling price of water and 6.3% in electricity in September 2021. The index had seen a marginal 0.6% fall month-on-month this September with the average selling price of electricity declining 0.1% and that of water by 1%.    

QSE
Business
QSE crosses 11,800 on Gulf funds’ strong buying interests

The Qatar Stock Exchange on Thursday gained 141 points to cross the 11,800 levels, mainly on the back of strong buying interests of the Gulf institutions. The banking and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index shot up 1.21% to 11,806.53 points. The foreign institutions were also seen increasingly into net buying in the bourse, whose year-to-date gains improved to 13.13%. The foreign and Gulf individuals were seen net buyers in the market, whose capitalisation saw about QR9bn or 1.28% increase to QR682.02bn, mainly owing to large cap segments. However, the domestic institutions were increasingly into net profit booking in the bourse, where the industrials and banking sectors together constituted about 62% of the total trading volume. The overall trade turnover and volumes were on the increase in the main market, where local retail investors turned net sellers. The Arab individuals were also seen net profit takers in the market, which saw a total of 4,312 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR13,685 change hands across four deals. The Total Return Index rose 1.21% to 23,371.73 points, the All Share Index by 1.24% to 3,736.27 points and the Al Rayan Islamic Index (Price) by 0.59% to 2,642.96 points in the market, which saw no trading of sovereign bonds and treasury bills. The banks and financial services sector index soared 2.09%, consumer goods and services (1.22%) and industrials (0.77%); while insurance declined 1.4%, telecom (1.03%), transport (0.7%) and real estate (0.55%). About 55% of the traded constituents in the main market extended gains with major movers being Industries Qatar, QNB, Qatar Islamic Bank, Woqod, Ahlibank Qatar, Mesaieed Petrochemical Holding, QIIB, Masraf Al Rayan and Qatar First Bank. Nevertheless, Gulf International Services, Qamco, Qatar Insurance, Aamal Company, Qatar Oman Investment, Dlala, Salam International Investment, Mannai Corporation, Qatar General Insurance and Reinsurance, Ooredoo, Gulf Warehousing and Nakilat were among the losers in the main market. In the venture market, Mekdam Holding saw its shares lose glean. However, the Gulf institutions’ net buying increased substantially to QR177.41mn against QR30.97mn on October 27. The foreign institutions’ net buying grew significantly to QR42.65mn compared to QR8.79mn the previous day. The foreign individuals turned net buyers to the tune of QR2.04mn against net sellers of QR1.95mn on Wednesday. The Gulf individuals were net buyers to the extent of QR1.5mn compared with net sellers of QR0.56mn on October 27. However, the domestic funds’ net selling increased drastically to QR194.57mn against QR63.36mn the previous day. The Arab individuals turned were net sellers to the tune of QR16.24mn compared with net buyers of QR1.83mn on Wednesday. Local retail investors were net profit takers to the extent of QR12.79mn against net buyers of QR24.27mn on October 27. The Arab institutions had no major net exposure compared with net buyers to the tune of QR0.03mn the previous day. Total trade volume in the main market rose 5% to 168.75mn shares and value by 24% to QR655.72mn, while transactions fell 1% to 11,202. The insurance’s sector’s trade volume more than doubled to 3.79mn equities, value soared 70% to QR9.99mn and deals by 41% to 226. The banks and financial services sector saw a 25% surge in trade volume to 37.26mn stocks and 50% in value to QR312.39mn but on a 17% decline in transactions to 4,152. The real estate sector’s trade volume shot up 14% to 15.98mn shares and value by 3% to QR20.52mn, while deals shrank 18% to 582. There was a 6% expansion in the industrials sector’s trade volume to 67.24mn equities, 11% in value to QR166.03mn and 12% in transactions to 3,264. The consumer goods and services sector’s trade volume was up 6% to 30.16mn stocks and value by 27% to QR68.42mn, whereas deals declined 5% to 1,224. However, the transport sector reported a 48% plunge in trade volume to 9.84mn shares, 31% in value to QR52.14mn and 27% in transactions to 592. The telecom sector’s trade volume eased 7% to 4.48mn equities, while value zoomed 66% to QR26.23mn amidst more than doubled deals to 1,162.    

The exports of petroleum gases and other gaseous hydrocarbons shot up 111.2% year-on-year to QR17.34bn, non-crude by 217.4% to QR2.68bn, crude by 88.9% to QR3.55bn and other commodities by 79.7% to QR3.62bn in the review period
Business
Qatar posts QR19.26bn trade surplus in on robust exports to Asian markets

A robust expansion, especially in gas and non-crude shipments, led Qatar's trade surplus to almost triple year-on-year to QR19.26bn in September, according to the official estimates. The rebound in the country's merchandise trade surplus has been enabled by robust expansion in the shipments to the Asian countries during the period in review, said the figures released by the Planning and Statistics Authority. Qatar's trade surplus was up 0.3% month-on-month in the review period, as imports grew faster than exports. The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to QR28.05bn, showing a stupendous 108.9% growth year-on-year and 2.8% month-on-month in the review period. In September this year, Qatar's shipments to China amounted to QR4.24bn or 15.1% of the total exports of the country, followed by India QR3.58bn (12.8%), South Korea QR3.46bn (12.3%), Japan QR2.61bn (9.3%) and Singapore QR2.09bn (7.4%). On a yearly basis, Qatar's exports to Singapore almost tripled and those to South Korea and China more than doubled. In the case of Japan and India, shipments from Doha witnessed 50% and 47.93% surge respectively in the review period. On a monthly basis, Qatar's exports to Singapore and South Korea were seen growing 38.37% and 9.84% respectively; while those to Japan, China and India fell 25.64%, 8.62% and 3.5% in September 2021. The exports of petroleum gases and other gaseous hydrocarbons shot up 111.2% year-on-year to QR17.34bn, non-crude by 217.4% to QR2.68bn, crude by 88.9% to QR3.55bn and other commodities by 79.7% to QR3.62bn in the review period. On a monthly basis, the exports of petroleum gases and other gaseous hydrocarbons were up 3.7%, non-crude by 6.4% and other commodities by 14.4%; while those of crude were seen declining 12.1%. Petroleum gases constituted 63.8% of the exports of domestic products in September 2021 compared to 63.4% a year ago period, crude 13.06% (14.52%), non-crude 9.86% (6.56%) and other commodities 13.32% (15.52%). Qatar's total imports (valued at cost insurance and freight) amounted to QR8.79bn, which showed 25.7% and 8.5% increase year-on-year and month-on-month in September 2021. The country's imports from China stood at QR1.6bn, which accounted for 18.2% of the total imports; followed by the US QR1.09bn (12.4%), India QR0.59bn (6.7%), the UK QR0.54bn (6.1%) and Germany QR0.45bn (5.1%). On a yearly basis, Qatar's imports from the US, India, the UK, Germany and China had seen a 44.55%, 43.69%, 35%, 9.61% and 2.63% respectively in September this year. On a monthly basis, the country's imports from the US and China increased 17.01% and 14.63%; even as those from the UK, Germany and India declined 34.66%, 17.44% and 6.92% respectively in the review period. In September this year, the imports of motor cars and other motor vehicles amounted to QR0.3bn; parts of aeroplanes or helicopters QR0.19bn, telephone sets QR0.19bn and other non-specified commodities at QR8.12bn.

Gulf Times
Business
QSE slips below 11,700 points as domestic funds book profit

The Qatar Stock Exchange on Wednesday fell for the second straight session as its key index retreated below 11,700 points, mainly dragged by telecom and consumer goods. The domestic funds were increasingly net sellers as the 20-stock Qatar Index declined 41 points or 0.35% to 11,665.71 points. The Gulf individuals were seen net profit takers, albeit at lower levels, in the bourse, whose year-to-date gains were trimmed to 11.78%. The Islamic index was seen declining slower than the main barometer in the market, whose capitalisation saw more than QR2bn or 0.32% decrease to QR673.37bn, mainly owing to midcap segments. However, the Gulf institutions were increasingly net buyers in the bourse, where the industrials, banking and consumer goods sectors together constituted more than three-fourth of the total trading volume. The overall trade turnover and volumes were on the increase in the main market, where local retail investors were also increasingly net buyers. The foreign institutions were seen increasingly into net buying in the market, which saw a total of 12,576 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR32,789 change hands across three deals. The Total Return Index shrank 0.35% to 23,092.98 points, the All Share Index by 0.29% to 3,690.63 points and the Al Rayan Islamic Index (Price) by 0.35% to 2,627.51 points in the market, which saw no trading of sovereign bonds and treasury bills. The telecom sector index tanked 1.65%, consumer goods and services (0.62%), industrials (0.38%), banks and financial services (0.23%) and real estate (0.09%); while transport and insurance gained 0.26% and 0.02% respectively. More than 52% of the traded constituents in the main market were in the red with major losers being Ooredoo, Doha Insurance, Commercial Bank, Al Khaleej Takaful, Industries Qatar, Qamco, Doha Bank, Woqod, Baladna, Qatar Islamic Insurance, Mazaya Qatar and Gulf Warehousing. Nevertheless, Investment Holding Group, Aamal Company, Salam International Investment, Masraf Al Rayan, Medicare Group, Qatar Industrial Manufacturing, Qatari Investors Group, Qatar Insurance and Nakilat were among the gainers in the main market. The domestic funds’ net profit booking increased drastically to QR63.36mn compared to QR28.41mn on October 26. The Gulf individuals turned net sellers to the tune of QR0.56mn against net buyers of QR0.52mn the previous day. However, the Gulf institutions’ net buying shot up noticeably to QR30.97mn compared to QR20.74mn on Tuesday. Local retail investors’ net buying strengthened markedly to QR24.27mn against QR14.42mn on October 26. The foreign institutions’ net buying grew notably to QR8.79mn compared to QR3.09mn the previous day. The Arab individuals were net buyers to the extent of QR1.83mn against net sellers QR7.8mn on Tuesday. The foreign individuals’ net profit booking eased marginally to QR1.95mn compared to QR2.54mn on October 26. The Arab institutions were seen net buyers to the tune of QR0.03mn against no major net exposure for 13 consecutive sessions. Total trade volume in the main market rose 8% to 160.98mn shares and value by 15% to QR529.8mn, while transactions fell 5% to 11,355. The transport sector’s trade volume more than doubled to 19.06mn equities and value also more than doubled to QR75.57mn on a 14% increase in deals to 807. The market witnessed 24% surge in the insurance’s sector’s trade volume to 1.85mn stocks, 6% in value to QR5.88mn and 48% in transactions to 160. The consumer goods and services sector’s trade volume soared 21% to 28.32mn shares, value by 16% to QR53.7mn and deals by 15% to 1,295. The banks and financial services sector saw a 13% expansion in trade volume to 29.76mn equities and 25% in value to QR208.82mn but on a 4% dip in transactions to 4,990. The telecom sector’s trade volume was up 6% to 4.81mn stocks and value by 18% to QR15.84mn; whereas deals shrank 13% to 490. However, there was a 30% plunge in the real estate sector’s trade volume to 13.96mn shares, 34% in value to QR19.97mn and 18% in transactions to 706. The industrials sector’s trade volume was down 4% to 63.22mn equities, value by 11% to QR150.01mn and deals by 13% to 2,907.

QSE
Business
QSE settles a tad above 11,700 points as industrials, transport weigh

An across the board profit booking, especially in the industrials and transport counters, yesterday dragged the Qatari bourse by 128 points. The Arab and foreign retail investors were seen bearish as the 20-stock Qatar Index fell 1.08% to 11,706.4 points, having touched an intraday high of 11,836 points. The foreign institutions’ weakened net buying also had its influence in the bourse, whose year-to-date gains were trimmed to 12.17%. The Islamic index was seen declining slower than the main barometer in the market, whose capitalisation saw more than QR6bn or 0.91% decrease to QR675.52bn, mainly owing to mid and small cap segments. However, local retail investors were seen bullish in the bourse, where the industrials and banking sectors together constituted about 62% of the total trading volume. The overall trade turnover and volumes were on the decline in the main market, where the domestic institutions continued to be net sellers but with lesser intensity. The Gulf individuals were increasingly net buyers in the market, which saw a total of 34,607 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR325,931 change hands across nine deals. The Total Return Index shrank 1.08% to 23,173.51 points, the All Share Index by 0.94% to 3,701.53 points and the Al Rayan Islamic Index (Price) by 1.03% to 2,635.51 points in the market, which saw no trading of sovereign bonds and treasury bills. The industrials sector index declined 1.6%, transport (1.41%), banks and financial services (0.75%), real estate (0.75%), telecom (0.66%), insurance (0.51%) and consumer goods and services (0.4%). More than 82% of the traded constituents in the main market were in the red with major losers being Industries Qatar, Nakilat, Investment Holding Group, Mesaieed Petrochemical Holding, Qamco, Vodafone Qatar, Qatari German Medical Devices, Mannai Corporation, Doha Bank, QIIB, Masraf Al Rayan and Salam International Investment. Mekdam Holding was seen losing its sheen in the venture market. Nevertheless, Gulf International Services, Aamal Company, Gulf Warehousing, Baladna and Widam Food were among the gainers in the main market. Al Faleh Educational Holding saw its stocks appreciate in value in the juniour bourse. The Arab individuals turned net sellers to the tune of QR7.8mn compared with net buyers of QR5.5mn on October 25. The foreign individuals were net sellers to the extent of QR2.54mn against net buyers of QR3.69mn the previous day. The foreign institutions’ net buying declined considerably to QR3.09mn compared to QR58.46mn on Monday. The Gulf institutions’ net buying also weakened markedly to QR20.74mn against QR25.77mn on October 25. However, Qatari individuals turned net buyers to the tune of QR14.42mn compared with net sellers of QR42.98mn the previous day. The domestic funds’ net profit booking weakened drastically to QR28.41mn against QR50.55mn on Monday. The Gulf individuals’ net buying strengthened marginally to QR0.52mn compared to QR0.12mn on October 25. The Arab institutions had no major net exposure for the thirteenth consecutive session. Total trade volume in the main market fell 24% to 149.04mn shares, value by 15% to QR462.58mn and transactions by 9% to 11,934. There was 36% plunge in the transport sector’s trade volume to 7.37mn equities, 33% in value to QR31.91mn and 21% in deals to 709. The industrials sector’s trade volume plummeted 36% to 65.99mn stocks, value by 24% to QR168mn and transactions by 15% to 3,355. The consumer goods and services sector saw 24% shrinkage in trade volume to 23.41mn shares, 17% in value to QR46.27mn and 13% in deals to 1,125. The banks and financial services sector’s trade volume tanked 11% to 26.28mn equities, whereas value was up 2% to QR167.17mn amidst 4% dip in transactions to 5,212. The market witnessed 5% contraction in the insurance’s sector’s trade volume to 1.49mn stocks but on 9% jump in value to QR5.55mn despite 18% lower deals at 108. However, the telecom sector’s trade volume shot up 23% to 4.53mn shares, while value declined 40% to QR13.41mn even as transactions were up 15% to 561. The real estate sector reported 16% expansion in trade volume to 19.97mn equities and 15% in value to QR30.27mn but on 14% cut in deals to 864. In the venture market, volumes and value were seen declining 63.86% and 14.55% amidst 40% growth in transactions.    

The foreign institutions were increasingly into net buying as the 20-stock Qatar Index settled 0.11% higher at 11,834.18 points yesterday, having touched an intraday high of 11,871 points
Business
QSE index rises on strong buy support

The Qatar Stock Exchange Monday witnessed strong buying, particularly in the industrial counter, to lift the key index more than 13 points. The foreign institutions were increasingly into net buying as the 20-stock Qatar Index settled 0.11% higher at 11,834.18 points, having touched an intraday high of 11,871 points. The Gulf funds were seen bullish in the bourse, whose year-to-date gains were at 13.4%. The Islamic index was seen declining vis-à-vis gains in the other indices in the market, whose capitalisation saw mere QR7mn or 0.01% increase to QR681.75bn, mainly owing to microcap segments. The Arab individuals were also increasingly into net buying in the bourse, where the industrials sector alone constituted about 52% of the total trading volume. The overall trade turnover grew amidst lower volumes in the main market, where the domestic institutions were increasingly into net profit booking. The local retail investors turned bearish in the market, which saw a total of 14,248 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR37,789 change hands across six deals. The Total Return Index rose 0.11% to 23,426.47 points and All Share Index by 0.04% to 3,736.63 points, while Al Rayan Islamic Index (Price) declined 0.16% to 2,662.95 points in the market, which saw no trading of sovereign bonds and treasury bills. The industrials sector index gained about 1%; whereas real estate shrank 0.65%, consumer goods and services (0.44%), telecom (0.3%), transport (0.23%), banks and financial services (0.17%) and insurance (0.16%). Major gainers in the main market included Qatar Industrial Manufacturing, Industries Qatar, Qamco, Doha Insurance, Mannai Corporation and Commercial Bank. Al Faleh Educational Holding saw its shares gain in the venture market. Nevertheless, about 74% of the traded constituents were in the red with major losers being Investment Holding Group, Aamal Company, Medicare Group, QLM, Ezdan, Qatari German Medical Devices, Widam Food, Al Meera, Qatari Investors Group, Gulf International Services, Mazaya Qatar, Vodafone Qatar, Barwa, Gulf Warehousing and Nakilat. In the juniour bourse, Mekdam Holding stocks were down. The foreign institutions’ net buying increased considerably to QR58.46mn compared to QR22.45mn on October 24. The Gulf institutions turned net buyers to the tune of QR25.77mn against net sellers of QR6.19mn the previous day. The Arab individuals’ net buying strengthened markedly to QR5.5mn compared to QR2.25mn on Sunday. The foreign individuals’ net buying grew notably to QR3.69mn against QR2.02mn on October 24. The Gulf individuals were net buyers to the extent of QR0.12mn compared with net sellers of QR1.47mn the previous day. However, the domestic funds’ net profit booking shot up drastically to QR50.55mn against QR33.78mn on Sunday. The local retail investors turned net sellers to the tune of QR42.98mn compared with net buyers of QR14.72mn on October 24. The Arab institutions had no major net exposure for the twelfth consecutive session. Total trade volume in the main market fell 2% to 196.97mn shares, while value rose 27% to QR542.08mn and transactions by 54% to 13,139. The real estate sector’s trade volume plummeted 70% to 17.17mn equities, value by 70% to QR26.41mn and deals by 55% to 999. There was 14% plunge in the transport sector’s trade volume to 11.56mn stocks and 33% in value to QR47.29mn but on 19% jump in transactions to 894. The consumer goods and services sector’s trade volume tanked 12% to 30.97mn shares and value by 3% to QR55.77mn, whereas deals rose 9% to 1,291. However, the telecom sector’s trade volume more than doubled to 3.69mn equities and value increased more than six-fold to QR22.45mn and transactions by more than five-fold to 487. The banks and financial services sector’s trade volume soared 44% to 29.67mn stocks and value more than doubled to QR164.06mn on more than tripled deals to 5,402. The industrials sector reported 41% surge in trade volume to 102.34mn shares, 64% in value to QR221.03mn and 58% in deals to 3,935. The insurance’s sector’s trade volume shot up 11% to 1.57mn equities and value by 15% to QR5.08mn; while transactions fell 22% to 131. In the venture market, volumes, value and deals tumbled 55.93%, 78.83% and 70.58% respectively.

QSE
Business
QSE brokerages' turnover largely expands y-o-y in September

Four out of the seven financial intermediaries in the Qatar Stock Exchange (QSE) witnessed growth in their share trade turnover during the first nine months of this year, according to bourse's data. The Group Securities, a conventional brokerage firm, witnessed an enhanced share in the trade turnover on the QSE in January-September this year. The Group Securities’ share stood at 46.32% at the end of September 2021 compared to 40.22% a year-ago period. Its trading turnover grew 30.55% year-on-year to QR80.5bn on 3.23% increase in volume to 49.2mn shares and 17.83% in deals through it to 1.85mn during the first nine months of this year. QNB subsidiary QNBFS' trade turnover amounted to QR46.9bn, which constituted 26.99% of the total traded value against 24.17% the year-ago period. The turnover rose 26.59% year-on-year despite a 7.02% decline in volume to 7.82mn equities. Transactions through it shot up 27.7% to 776,123 at the end of September 30, 2021. Both the Group Securities and QNBS together constituted more than 73% of the total trade turnover in January-September 2021. The CBQIS, the stock broking arm of Commercial Bank, accounted for 8.72% of trade turnover compared to 9.34% in the corresponding period of 2020. The brokerage’s trade turnover expanded 5.79% year-on-year to QR15.16n in the review period. The brokerage entity witnessed an 11.49% expansion in volume to 3.88mn stocks and 1.87% in transactions to 414,968 in the first nine months of 2021. The CBQIS early this year launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such a product. The Qatar Financial Market Authority had approved the Group Securities and CBQIS as liquidity providers, while saying other licenses are on the pipeline. In May 2013, the financial market regulator had approved the liquidity provision scheme that can be carried out by the financial services firms. Qatar Securities accounted for 7.17% of trade turnover in January-September 2021 compared to 7.67% the previous year period. The broker’s trading turnover grew 5.95% year-on-year to QR12.46bn amidst 30.83% plunge in volumes to 3.41mn shares and 10.7% in deals through it to 216,776 at the end of review period. Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 6.42% of trade turnover (QR11.16bn), which fell 24.59% year-on-year during January-September 2021. The brokerage’s share was 9.65% the previous year period. The deals through it decreased 21.2% on a yearly basis to 172,112 and the volume by 20.33% to 5.76mn equities at the end of September 30, 2021. Wasata Financial Securities' share was 2.73% of trading turnover in January-September 2021 compared to 3.28% year-ago period. Its trade turnover saw 5.77% contraction on a yearly basis to QR4.74bn, volumes by 44.87% to 2.15mn stocks and transactions by 0.74% to 81,786 during the review period. Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 27.23% year-on-year to QR2.86bn, cornering a market share of 1.65% at the end of September 2021 compared to 3.1% a year ago period. It registered 19.78% shrinkage in deals to 52,809 and volumes by 63.64% to 0.76mn equities in the review period.    

QSE
Business
Profit booking pressure weighs on sentiments on QSE

The Qatar Stock Exchange Sunday saw more than 53% of the traded constituents extend gains but overall it settled in the negative, mainly dragged by industrials sector. Local retail investors’ bullish sentiments notwithstanding, the 20-stock Qatar Index settled about 51 points or 0.43% lower at 11,820.72 points, although it touched an intraday high of 11,888 points. Foreign institutions’ net buying weakened considerably in the bourse, whose year-to-date gains were at 13.27%. The Islamic index was seen declining slower than the other indices in the market, whose capitalisation saw about QR3bn or 0.4% fall to QR681.68bn, mainly owing to midcap segments. The domestic institutions continued to be net sellers but with lesser vigour in the bourse, where the industrials and real estate sectors together constituted more than 64% of the total trading volume. The overall trade turnover and volumes were on the increase in the main market, where the foreign individuals’ net selling weakened markedly. The Gulf institutions were increasingly net sellers in the market, which saw a total of 6,348 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR17,112 change hands across eight deals. The Total Return Index declined 0.43% to 23,399.83 points, the All Share Index by 0.38% to 3,735.23 points and the Al Rayan Islamic Index (Price) by 0.22% to 2,667.18 points in the market, which saw no trading of sovereign bonds and treasury bills. The industrials sector index tanked 1.27% and banks and financial services 0.38%; whereas transport gained 0.91%, insurance 90.71%), real estate (0.26%), consumer goods and services (0.21%) and telecom (0.14%). Major shakers in the main market included Mannai Corporation, Industries Qatar, Ahlibank Qatar, Investment Holding Group, Qatari German Medical Devices, QNB, Qamco, Al Khaleej Takaful and QLM. Nevertheless, Aamal Company, Ezdan, Nakilat, Qatar Insurance, Salam International Investment, Medicare Group, Mazaya Qatar, Ooredoo and Milaha were among the gainers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding were seen gaining. The foreign institutions’ net buying declined considerably to QR22.45mn compared to QR108.23mn on October 21. The Gulf institutions’ net selling increased noticeably to QR6.19mn against QR0.08mn the previous trading day. The Gulf individuals’ net selling grew perceptibly to QR1.47mn compared to QR0.89mn last Thursday. The foreign individuals’ net buying weakened notably to QR2.02mn against QR6.94mn on October 21. The Arab individuals’ net buying eased markedly to QR2.25mn compared to QR5.3mn the previous trading day. However, the local retail investors turned net buyers to the tune of QR14.72mn against net sellers of QR27.94mn last Thursday. The domestic funds’ net profit booking declined drastically to QR33.78mn compared to QR91.56mn on October 21. The Arab institutions had no major net exposure for the eleventh consecutive session. Total trade volume in the main market fell 10% to 201.38n shares, value by 38% to QR426.09mn and transactions by 39% to 8,553. The market witnessed a 70% plunge in the insurance’s sector’s trade volume to 1.42mn equities, 77% in value to QR4.42mn and 64% in deals to 168. The transport sector’s trade volume plummeted 65% to 13.47mn stocks, value by 64% to QR70.95mn and transactions by 57% to 749. The telecom sector reported a 45% shrinkage in trade volume to 1.79mn shares, 64% in value to QR3.6mn and 87% in deals to 95. The banks and financial services sector’s trade volume shrank 21% to 20.63mn equities, value by 54% to QR66.84mn and transactions by 60% to 1,626. There was a 12% contraction in the industrials sector’s trade volume to 72.42mn stocks, 27% in value to QR134.79mn and 33% in deals to 2,488. However, the real estate sector’s trade volume soared 41% to 56.65mn shares, value by 35% to QR88.12mn and transactions by 16% to 2,239. The market witnessed a 21% surge in the consumer goods and services sector’s trade volume to 35.01mn equities but on a 10% slip in value to QR57.38mn and 18% in deals to 1,188. In the venture market, volumes declined 35.65% even as value expanded 54.87% despite 19% lower transactions.    

Gulf Times
Business
Foreign, Gulf institutions keep key index near 11,900 points

The increased buying interests of foreign and Gulf funds placed the Qatar Stock Exchange’s key barometer near 11,900 levels this week. The transport and banking counters witnessed higher than average demand as the 20-stock Qatar Index gained 1.78% this week which saw Qatar Islamic Bank report net profit of QR2.53bn in the first nine months (9M) of this year. The foreign individuals’ increased net buying also had its influence in lifting the sentiments this week which saw Masraf Al Rayan report QR1.71bn net profit in 9M- 2021. More than 55% of the traded stocks extended gains to investors this week which saw Barwa’s 9M net profit at QR735.79mn. The Gulf individuals’ net selling weakened perceptibly this week which saw Woqod’s 9M net profit at QR690.8mn. Nevertheless, the domestic institutions were increasingly net profit takers this week which saw Al Khaliji report net profit of QR560.83mn in 9M-2021. The local retail investors were also seen increasingly into net selling this week which however saw QNB, Commercial Bank, Doha Bank, QIIB, Masraf Al Rayan, Industries Qatar (IQ) and Aamal Company equities touch 52-week high. The Arab individuals continued to be net buyers but with lesser intensity this week which saw a total of 141,788 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR374,226 change hands across 31 transactions. The Islamic index was seen gaining slower than the other indices this week which saw a total of 51,869 Doha Bank-sponsored QETF valued at QR597,423 trade across nine deals. Market capitalisation saw about QR9bn or 1.27% increase to QR684.39bn, mainly on large and microcap segments this week which saw the industrials, banking and consumer goods sectors together constitute about 76% of the total trade volume. The Total Return Index gained 1.78%, All Share Index by 1.61% and All Islamic Index by 1.08% this week which saw Ezdan and United Development Company (UDC) report net profit of QR233.42mn and QR179mn respectively in 9M-2021. The transport sector index soared 3.11%, banks and financial services (1.36%), consumer goods and services (0.96%), insurance (0.77%) and realty (0.65%); while telecom was down 0.41% this week which saw Qatar First Bank exits its first US real estate investment, expecting to generate more than 9% internal rate of return. Major gainers in the main market included Gulf International Services, Mannai Corporation, QLM, Nakilat, Masraf Al Rayan, QNB, Commercial Bank, Doha Bank, Medicare Group, IQ, Aamal Company, Qatar Islamic Insurance and UDC. In the venture market, Mekdam Holding saw its shares shine this week which saw no trading of sovereign bonds. Nevertheless, Qatari German Medical Devices, Mazaya Qatar, Qamco, Alijarah Holding, Ezdan, Inma Holding, Salam International Investment, Baladna and Qatari Investors Group were among the shakers in the main market. In the venture market, Al Faleh Educational Holding saw their equities lose sheen this week which saw no trading of treasury bills. The overall trade turnover grew amidst lower volumes in the main market and the junior bourse saw decline in the volume and value this week which saw Gulf Warehousing incorporate Synergy Shipping Services. In the main market, the industrials sector accounted for 40% of the total trade volume, consumer goods and services (18%), banks and financial services (18%), real estate (14%), transport (7%), telecom (2%) and insurance (1%) this week. In terms of value, the industrials sector’s share was 34%, banks and financial services (32%), transport (12%), consumer goods and services (11%), realty (7%), telecom (2%) and insurance (1%) this week. The foreign funds’ net buying rose perceptibly to QR413.11mn against QR405.49mn the week ended October 14. The Gulf institutions’ net buying grew considerably to QR94.98mn compared to QR21.35mn the previous week. The foreign individuals’ net buying increased markedly to QR13.93mn against QR6.93mn a week ago. The Gulf individuals’ net selling weakened notably to QR12.75mn compared to QR14.44mn the week ended October 14. However, the domestic funds’ net profit booking grew noticeably to QR399.36mn against QR388.72mn the previous week. The Qatari individuals’ net selling grew drastically to QR120.47mn compared to QR63.83mn a week ago. The Arab individuals’ net buying weakened substantially to QR10.55mn against QR33.2mn the week ended October 14. The Arab funds continued to have no major next exposure for the last 10 days. Total trade volume in the main market fell 4% to 1.2mn shares, while value grew 8% to QR3.37bn and transactions by 1% to 70,560. The consumer goods and services sector’s trade volume tanked 21% to 211.71mn equities, value by 27% to QR382.52n and deals by 5% to 8,279. The market witnessed 18% shrinkage in the industrials sector’s trade volume to 484.36mn stocks, 4% in value to QR1.15bn and 8% in transactions to 19,619. The insurance sector’s trade volume declined 18% to 13.26mn shares, whereas value was up 1% to QR46.45mn and deals by 5% to 1,004. The market witnessed 15% contraction in the telecom sector’s trade volume to 22.8mn equities, 21% in value to QR63.77mn and 31% in transactions to 3,069. However, the transport sector’s trade volume more than doubled to 84.47mn stocks and value almost tripled to QR388.45mn on almost doubled deals to 4,824. The banks and financial services sector saw 42% surge in trade volume to 215.94mn shares, 21% in value to QR1.09bn and 4% in transactions to 27,518. The real estate sector’s trade volume was up 3% to 168.01mn equities, value by 7% to QR248.46mn and deals by 7% to 6,247. In the venture market, volumes plummeted 50% to 0.34mn stocks, value by 28% to QR1.65bn and transactions by 34% to 82.

QSE
Business
Transport, insurance stocks keep QSE afloat on positive trajectory

The Qatar Stock Exchange Thursday crossed the 11,900 levels intraday, but overall it could not sustain the momentum as the index finally settled 15 points higher against the previous day’s levels. The Arab individuals turned bullish in the bourse, whose year-to-date gains improved to 13.76%. The foreign retail investors were increasingly into net buying in the market, whose capitalisation nevertheless saw a marginal 0.01% fall to QR684.39bn, mainly owing to microcap segments. The Islamic index was seen declining vis-à-vis gains in other indices in the bourse, where the industrials and real estate sectors together constituted about 55% of the total trading volume. The overall trade turnover and volumes were on the decline increase in the main market, where the domestic funds’ net selling weakened markedly. However, the local retail investors were increasingly into net selling in the market, which saw a total of 55,466 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR590,344 change hands across eight deals. The Total Return Index rose 0.13% to 23,500.21 points and the All Share Index by 0.14% to 3,749.47 points, while the Al Rayan Islamic Index (Price) was down 0.03% to 2,673.13 points in the market, which saw no trading of sovereign bonds and treasury bills. The transport sector index shot up 2.11%, insurance (1.21%), banks and financial services (0.1%) and real estate (0.03%); whereas telecom declined 0.31%, industrials (0.24%) and consumer goods and services (0.16%). Major gainers in the main market included QLM, Nakilat, Aamal Company, Al Khaleej Takaful, Medicare Group, Masraf Al Rayan, Qatar Insurance and Qatar Islamic Insurance. Nevertheless, Gulf International Services, Qatari Investors Group, Mesaieed Petrochemical Holding, Ezdan, Dlala, Mannai Corporation, Qamco, Mazaya Qatar, Ooredoo and Vodafone Qatar were among the losers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding were seen shakers. The foreign individuals’ net buying strengthened noticeably to QR6.94mn compared to QR3.67mn on October 20. The Arab individuals turned net buyers to the tune of QR5.3mn against net sellers of QR2.1mn on Wednesday. The domestic funds’ net profit booking declined markedly to QR91.56mn compared to QR107.19mn the previous day. The Gulf individuals’ net selling weakened considerably to QR0.89mn against QR11.97mn on October 20. However, the local retail investors’ net selling expanded drastically to QR27.94mn compared to QR7.69mn on Wednesday. The Gulf institutions were net sellers to the tune of QR0.08mn against net buyers of QR9.99mn the previous day. The foreign institutions’ net buying shrank perceptibly to QR108.23mn compared to QR115.29mn on October 20. The Arab institutions had no major net exposure for the tenth consecutive session. Total trade volume in the main market fell 20% to 224.1mn shares, value by 15% to QR687.97mn and transactions by 10% to 14,096. There was a 39% plunge in the industrials sector’s trade volume to 82.3mn equities, 43% in value to QR185.59mn and 21% in deals to 3,693. The banks and financial services sector’s trade volume plummeted 36% to 26.08mn stocks, value by 46% to QR145.61mn and transactions by 35% to 4,103. The consumer goods and services sector reported a 34% shrinkage in trade volume to 28.97mn shares, 11% in value to QR64.05mn and 7% in deals to 1,443. However, the telecom sector’s trade volume more than doubled to 3.26mn equities and value also more than doubled to QR9.96mn on almost-quadrupled transactions to 707. The transport sector’s trade volume more than doubled to 38.46mn stocks and value more than tripled to QR198.35mn on a 52% growth in deals to 1,756. The market witnessed a 54% surge in the insurance’s sector’s trade volume to 4.8mn shares, value by 64% to QR19.25mn and transactions by 88% to 461. The real estate sector’s trade volume was up 4% to 40.23mn equities, value by 15% to QR65.16mn and deals by 23% to 1,933. In the venture market, volumes more than doubled and value also more than doubled on 90.91% surge in deals.    

Gulf Times
Business
QSE inches towards 11,900 levels on foreign funds’ robust buying

The Qatar Stock Exchange on Wednesday gained about 89 points to inch near 11,900 levels, mainly supported by strong buying interests of the foreign institutions. The industrials and transport counters witnessed higher than average demand as the 20-stock Qatar Index grew 0.76% to 11,856.43 points, recovering from an intraday low of 11,771 points. The foreign individuals were increasingly net buyers in the bourse, whose year-to-date gains improved to 13.61%. The local retail investors’ weakened net selling had its influence in the market, whose capitalisation saw more than QR3bn or 0.44% jump to QR684.44bn, mainly owing to mid and large cap segments. The Islamic index was seen gaining slower than the other indices in the bourse, where the industrials sector alone constituted more than 48% of the total trading volume. The overall trade turnover and volumes were on the increase in the main market, where the domestic funds were increasingly net profit takers. The Gulf individuals were seen net sellers in the market, which saw a total of 13,528 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR49,208 change hands across seven deals. The Total Return Index rose 0.76% to 23,470.51 points, All Share Index by 0.54% to 3,744.22 points and Al Rayan Islamic Index (Price) by 0.56% to 2,673.8 points in the market, which saw no trading of sovereign bonds and treasury bills. The industrials sector index gained 1.18%, transport (0.82%), banks and financial services (0.44%), telecom (0.31%) and real estate (0.14%); while insurance declined 0.45% and consumer goods and services 0.08%. Major gainers in the main market included Gulf International Services, Industries Qatar, Masraf Al Rayan, Mannai Corporation, Nakilat, QLM, Untied Development Company, Vodafone Qatar and Ooredoo. Mekdam Holding was seen gaining in the venture market. However, Qatari German Medical Devices, Salam International Investment, Qamco, Ezdan, Qatar Oman Investment, Qatar Insurance and Gulf Warehousing were among the losers in the main market. Al Faleh was seen losing in the juniour market. The foreign institutions’ net buying grew significantly to QR115.29mn compared to QR80.37mn on October 19. The foreign individuals’ net buying strengthened perceptibly to QR3.67mn against QR2.31mn the previous day. The local retail investors’ net selling declined noticeably to QR7.69mn compared to QR10.94mn on Tuesday. However, the domestic funds’ net profit booking grew substantially to QR107.19mn against QR85.44mn on October 19. The Gulf individuals turned net sellers to the tune of QR11.97mn compared with net buyers of QR1.26mn the previous day. The Arab individuals’ net profit booking strengthened notably to QR2.1mn against QR1.03mn on Tuesday. The Gulf institutions’ net buying decreased markedly to QR9.99mn compared to QR13.48mn on October 19. The Arab institutions had no major net exposure for the ninth straight session. Total trade volume in the main market rose 38% to 279.72mn shares, value by 34% to QR806.68mn and transactions by 13% to 15,656. The insurance’s sector’s trade volume more than tripled to 3.08mn equities and value also more than tripled to QR11.72mn on more than tripled deals to 245. The consumer goods and services sector reported 87% surge in trade volume to 44.11mn stocks and 14% in value to QR72.18mn but on 6% fall in transactions to 1,547. The transport sector’s trade volume soared 79% to 16.41mn shares, value by 68% to QR66.01mn and deals by 60% to 1,158. There was 39% expansion in the industrials sector’s trade volume to 135.2mn equities, 34% in value to QR325.64mn and 20% in transactions to 4,679. The real estate sector’s trade volume shot up 18% to 38.7mn stocks and value by 28% to QR56.61mn on more than doubled deals to 1,567. The banks and financial services sector saw 13% jump in trade volume to 40.86mn shares, 39% in value to QR270.39mn and 2% in transactions to 6,271. However, the telecom sector’s trade volume plummeted 55% to 1.36mn equities, value by 67% to QR4.14mn and deals by 69% to 189. In the venture market, volumes, value and transactions declined 80%, 94.21% and 57.69% respectively.

Robust output expansion, especially in cement, printing, beverages and food products, as well as higher extraction of hydrocarbons, led Doha's industrial production index (IPI) jump 1.8% month-on-month in August, according to the Planning and Statistics Authority
Business
Qatar’s IPI jumps 1.8% m-o-m in August

Robust output expansion, especially in cement, printing, beverages and food products, as well as higher extraction of hydrocarbons, led Doha's industrial production index (IPI) jump 1.8% month-on-month in August, according to the Planning and Statistics Authority (PSA). The country’s IPI however saw a 2% year-on-year shrinkage in August 2021. The PSA introduced IPI, a short-term quantitative index that measures the changes in the volume of production of a selected basket of industrial products over a given period with respect to a base period 2013. The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.7% increase on a monthly basis owing to a 1.7% expansion in the extraction of crude petroleum and natural gas, and 8.9% in other mining and quarrying sectors. On a yearly basis, the index showed a 2.1% decline owing to a 2.1% decrease in the extraction of crude petroleum and natural gas; while there was a 14.8% growth in other mining and quarrying sectors. The manufacturing index, with a relative weight of 15.2%, was up 1.8% month-on-month in August 2021 on account of 10.2% surge in the production of cement and other non-metallic mineral products, 9.7% in printing and reproduction of recorded media, 8.4% in beverages, 4% in basic metals, 3.6% in food products, 2.6% in refined petroleum products and 0.6% in chemicals and chemical products; even as there was a 3% decline in the production of rubber and plastics products. On a yearly basis, the manufacturing index fell 1.1% in August this year owing to a 9.9% in the production of petroleum products, 8.3% in beverages, 3.7% in food products and 2.7% in chemicals and chemical products. Nevertheless, there was 26.1% expansion in the production of cement and other non-metallic mineral products, 12.1% in basic metals, 9.7% in printing and reproduction of recorded media and 3.2% in rubber and plastics products. Electricity, which has 0.7% weight in the IPI basket, saw its index zoom 2.1% and 1.8% month-on-month and year-on-year respectively this August. In the case of water, which has a 0.5% weight, there was a 1.6% and 22.3% decrease on a monthly and yearly basis respectively in August 2021. (Ends)