Rebounding from five-month low, the Qatar Stock Exchange (QSE) traded above 10,100 levels this week, mainly lifted by telecom and industrials stocks. Thus, it became the best performer among the Gulf bourses.
Domestic institutions continued to be net buyers, albeit with lesser intensity, as the 20-stock Qatar Index gained 1.74% and capitalisation added QR8bn this week, which saw the QSE contemplating multi-pronged measures to enhance market liquidity to ensure lower trading costs and better price discovery.
Bahrain bourse plunged 1.81%, Kuwait (1.22%), Muscat (0.8%), Saudi Arabia (0.6%) and Abu Dhabi (0.19%); while Dubai was up 0.01% this week which saw Mannai Corporation’s strategy to lift its holding in France's Gfi Informatique to 95% by 2018.
The QSE’s year-to-date (YTD) losses were at 3.12% against 6.06% in Muscat, 4.55% in Saudi Arabia and 3.13% in Dubai; whereas Kuwait, Bahrain and Abu Dhabi added 16.05%, 7.1% and 1.36% respectively.
Buying was skewed towards large cap scrips this week which witnessed Qatar Islamic Bank’s (QIB) QR3.4bn financing deal with Gulf Drilling International.
Islamic stocks however under-performed the main indices this week which saw Doha Bank to soon file an application for its proposed exchange traded funds, which would carry a fee of 0.5%, one of the lowest in emerging markets.
Foreign funds’ weakened net selling helped maintain positive momentum this week which saw a global credit rating agency Standard and Poor view that a sharp increase in external debt leaves Qatari banks more vulnerable to global liquidity conditions.
Overall trade turnover and volumes declined this week, which saw telecom, banking and real estate sectors account for more than 80% of the volumes.
Telecom sector accounted for 36% of the total volume, banks and financial services (24%), realty (20%), transport and industrials (7% each), and insurance and consumer goods (3% each) this week which saw QNB project Qatar's real growth to rise to 2.6% this year and 3.6% in 2018.
Banks and financial services’ share in total trade turnover was 27%, industrials (18%), telecom (14%), real estate (13%), transport (12%), consumer goods (9%) and insurance (7%) this week which saw no trading of treasury bills and sovereign bonds.
Opening the week weak at 9,834 points, the market witnessed marginal gains for the next two days but to see stronger additions for the remaining days to finally settle 173 points higher this week.
The 20-stock Total Return Index rose 1.74%, All Share Index1.41% and Al Rayan Islamic Index 1.34% this week which saw Vodafone Qatar and Ezdan dominate trading ring in volume and value.
The telecom sector shot up 4.25%, industrials (1.83%), realty (1.52%), insurance (1.45%), banks and financial services (1.27%) and transport (0.34%); whereas consumer goods declined 0.81% this week.
Market capitalisation expanded 1.59% to QR540.53bn as large, small and midcap stocks gained 1.76%, 0.72% and 0.36% respectively, while microcaps fell 0.03% this week.
Mid, large, small and microcap equities’ YTD losses were seen at 10.41%, 3.8%, 3.55% and 2.69% respectively.
More than 58% of the stocks gained with major movers being Ooredoo, Industries Qatar, Qatari Investors Group, Qatar General and Reinsurance, Ezdan, Milaha, QIB, QNB, Doha Bank, Masraf Al Rayan and Qatar Insurance this week.
Nevertheless, Gulf International Services, Commercial Bank, Qatar First Bank, Woqod, Qatar National Cement, Aamal Company, Al Khaleej Takaful, Doha Insurance, Mazaya Qatar, Vodafone Qatar, Nakilat and Qatari German Company for Medical Devices were among the losers this week.
Non-Qatari institutions’ net profit booking weakened to QR31.15mn from QR62.04mn the previous week.
However, domestic funds’ net buying declined substantially to QR95.49mn from QR111.85mn the week ended May 4.
Local individual investors’ net selling strengthened perceptibly to QR58.47mn from QR48.51mn the previous week.
Non-Qatari individual investors’ net profit booking also rose to QR5.75mn from QR1.3mn the week ago.
Total trade volume fell 13% to 44.8mn shares, value by 8% to QR1.2bn and transactions by 7% to 14,974 this week.
The real estate sector reported 40% plunge in trade volume to 9.13mn equities, 34% in value to QR160.72mn and 12% in deals to 2,248.
The consumer goods sector’s trade volume plummeted 39% to 1.36mn stocks, value by 4% to QR105.62mn and transactions by 14% to 1,551.
The banks and financial services sector saw 28% shrinkage in trade volume to 10.76mn shares, 35% in value to QR325.37mn and 9% in deals to 4,693.
The industrials sector’s trade volume tanked 13% to 3.28mn equities but value rose 5% to QR210.35mn despite 19% lower transactions to 3,113.
However, the market witnessed 82% surge in the transport sector’s trade volume to 2.93mn stocks to almost triple value to QR147.22mn on 47% rise in deals to 1,405.
The insurance sector’s trade volume soared 53% to 1.38mn shares, value by 85% to QR81.59mn and transactions by 30% to 466.
There was 24% expansion in the telecom sector’s trade volume to 15.96mn equities, 13% in value to QR167.27mn and 10% in deals to 1,498.
Bahrain bourse plunged 1.81%, Kuwait (1.22%), Muscat (0.8%), Saudi Arabia (0.6%) and Abu Dhabi (0.19%); while Dubai was up 0.01% this week which saw Mannai Corporation’s strategy to lift its holding in France's Gfi Informatique to 95% by 2018.
The QSE’s year-to-date (YTD) losses were at 3.12% against 6.06% in Muscat, 4.55% in Saudi Arabia and 3.13% in Dubai; whereas Kuwait, Bahrain and Abu Dhabi added 16.05%, 7.1% and 1.36% respectively.
Buying was skewed towards large cap scrips this week which witnessed Qatar Islamic Bank’s (QIB) QR3.4bn financing deal with Gulf Drilling International.
Islamic stocks however under-performed the main indices this week which saw Doha Bank to soon file an application for its proposed exchange traded funds, which would carry a fee of 0.5%, one of the lowest in emerging markets.
Foreign funds’ weakened net selling helped maintain positive momentum this week which saw a global credit rating agency Standard and Poor view that a sharp increase in external debt leaves Qatari banks more vulnerable to global liquidity conditions.
Overall trade turnover and volumes declined this week, which saw telecom, banking and real estate sectors account for more than 80% of the volumes.
Telecom sector accounted for 36% of the total volume, banks and financial services (24%), realty (20%), transport and industrials (7% each), and insurance and consumer goods (3% each) this week which saw QNB project Qatar's real growth to rise to 2.6% this year and 3.6% in 2018.
Banks and financial services’ share in total trade turnover was 27%, industrials (18%), telecom (14%), real estate (13%), transport (12%), consumer goods (9%) and insurance (7%) this week which saw no trading of treasury bills and sovereign bonds.
Opening the week weak at 9,834 points, the market witnessed marginal gains for the next two days but to see stronger additions for the remaining days to finally settle 173 points higher this week.
The 20-stock Total Return Index rose 1.74%, All Share Index1.41% and Al Rayan Islamic Index 1.34% this week which saw Vodafone Qatar and Ezdan dominate trading ring in volume and value.
The telecom sector shot up 4.25%, industrials (1.83%), realty (1.52%), insurance (1.45%), banks and financial services (1.27%) and transport (0.34%); whereas consumer goods declined 0.81% this week.
Market capitalisation expanded 1.59% to QR540.53bn as large, small and midcap stocks gained 1.76%, 0.72% and 0.36% respectively, while microcaps fell 0.03% this week.
Mid, large, small and microcap equities’ YTD losses were seen at 10.41%, 3.8%, 3.55% and 2.69% respectively.
More than 58% of the stocks gained with major movers being Ooredoo, Industries Qatar, Qatari Investors Group, Qatar General and Reinsurance, Ezdan, Milaha, QIB, QNB, Doha Bank, Masraf Al Rayan and Qatar Insurance this week.
Nevertheless, Gulf International Services, Commercial Bank, Qatar First Bank, Woqod, Qatar National Cement, Aamal Company, Al Khaleej Takaful, Doha Insurance, Mazaya Qatar, Vodafone Qatar, Nakilat and Qatari German Company for Medical Devices were among the losers this week.
Non-Qatari institutions’ net profit booking weakened to QR31.15mn from QR62.04mn the previous week.
However, domestic funds’ net buying declined substantially to QR95.49mn from QR111.85mn the week ended May 4.
Local individual investors’ net selling strengthened perceptibly to QR58.47mn from QR48.51mn the previous week.
Non-Qatari individual investors’ net profit booking also rose to QR5.75mn from QR1.3mn the week ago.
Total trade volume fell 13% to 44.8mn shares, value by 8% to QR1.2bn and transactions by 7% to 14,974 this week.
The real estate sector reported 40% plunge in trade volume to 9.13mn equities, 34% in value to QR160.72mn and 12% in deals to 2,248.
The consumer goods sector’s trade volume plummeted 39% to 1.36mn stocks, value by 4% to QR105.62mn and transactions by 14% to 1,551.
The banks and financial services sector saw 28% shrinkage in trade volume to 10.76mn shares, 35% in value to QR325.37mn and 9% in deals to 4,693.
The industrials sector’s trade volume tanked 13% to 3.28mn equities but value rose 5% to QR210.35mn despite 19% lower transactions to 3,113.
However, the market witnessed 82% surge in the transport sector’s trade volume to 2.93mn stocks to almost triple value to QR147.22mn on 47% rise in deals to 1,405.
The insurance sector’s trade volume soared 53% to 1.38mn shares, value by 85% to QR81.59mn and transactions by 30% to 466.
There was 24% expansion in the telecom sector’s trade volume to 15.96mn equities, 13% in value to QR167.27mn and 10% in deals to 1,498.
