Local and non-Qatari individual investors turned bullish amidst decline in the Qatar Stock Exchange (QSE) this week.
Realty and telecom counters witnessed some demand this week which saw the QSE disclose the opening of more than 50 foreign investment portfolios, indicating the growing appetite of international fund houses to invest in the fastest growing economy amidst the continued economic blockade.
Foreign institutions continued to be net buyers albeit with lesser intensity as the 20-stock Qatar Index shed 1.73% this week which saw the bourse’s banks and financial services sector report a cumulative net profit of QR10.8bn in the first six months of this year.
Domestic institutions however turned net profit takers this week which saw Aamal Company report a net profit of QR266.6mn in the first half (H1) of this year.
Buying was seen within micro-cap scrips in the QSE this week which saw Qatar’s foreign trade surplus expanded 63.6% year-on-year to QR12.51bn in June, mainly on higher exports of petroleum gases and lower imports.
Islamic stocks were seen declining slower than the main index this week which witnessed no trading of treasury bills and sovereign bonds.
Overall trade turnover and volumes were on the rise this week, which saw telecom, real estate and banking sectors together account for more than 81% of the volumes.
The telecom sector accounted for 47% of the total volume, realty (18%), banks and financial services (17%), industrials (11%), consumer goods (4%), transport (3%) and insurance (2%) this week which saw Qatar Oman Investment register H1 2017 net profit of QR10.55mn.
The banks and financial services’ share in total trade turnover was 29%, telecom (20%), consumer goods (16%), industrials (15%), real estate (12%), insurance (4%) and transport (3%) this week which saw Barwa award QR139.95mn worth contracts to Qatar Building Engineering Company for the construction of warehouses and workshops.
Opening weak at 9,470 points, the market continued with its weak run for the next two days to touch a low of 9,309 points, after which there was consistent gains for the next two days but overall the index settled lower this week which witnessed Gulf International Services (GIS) report QR15.8mn net profit in H1 2017.
Market capitalisation stood at QR509.09bn this week which also saw Milaha report a net profit of QR267mn in January-June 2017.
Major movers included Vodafone Qatar, Ahli Bank, Qatar National Cement, Qatar Industrial Manufacturing, Alijarah Holding, Mesaieed Petrochemical Holding, Barwa, Zad Holding, Widam Food, Al Meera, Commercial Bank and Islamic Holding Group this week.
Nevertheless, GIS, QNB, Doha Bank, Masraf Al Rayan, Dlala, Industries Qatar, Mazaya Qatar, Milaha, Nakilat, Salam International Investment and Qatari Investors Group were among the losers.
Local retail investors turned net buyers to the tune of QR70mn compared with net sellers of QR85.15mn the week ended July 27.
Non-Qatari individual investors were also net buyers to the extent of QR26.34mn against net sellers of QR4.08mn a week ago.
However, domestic institutions turned net sellers to the tune of QR110.83mn compared with net buyers of QR53.64mn the previous week.
Non-Qatari institutions’ net buying weakened considerably to QR13.58mn against QR35.36mn the week ended July 27.
Total trade volume rose 33% to 49.86mn shares and value by 6% to QR1.17bn, while transactions were down 2% to 15,515 this week.
There was 98% surge in the telecom sector’s trade volume to 23.19mn equities, 73% in value to QR239.01mn and 24% in deals to 1,801.
The real estate sector’s trade volume soared 77% to 8.89mn stocks, value by 68% to QR145.69mn and transactions by 25% to 2,586.
The insurance sector reported 56% expansion in trade volume to 0.81mn shares, 46% in value to QR45.62mn and 59% in deals to 587.
However, the transport sector’s trade volume plummeted 49% to 1.44mn equities, value by 47% to QR39.37mn and transactions by 36% to 1,154.
The market witnessed 22% shrinkage in the consumer goods sector’s trade volume to 1.77mn stocks, 19% in value to QR186.95mn and 34% in deals to 1,604.
The industrials sector’s trade volume tanked 20% to 5.3mn shares and value by 19% to QR176.05mn, whereas transactions rose 2% to 3,020.
The banks and financial services sector saw 2% fall in trade volume to 8.45mn equities but on 4% jump in value to QR337.81mn and 1% in deals to 4,763.
Foreign institutions continued to be net buyers albeit with lesser intensity as the 20-stock Qatar Index shed 1.73% this week which saw the bourse’s banks and financial services sector report a cumulative net profit of QR10.8bn in the first six months of this year.
Domestic institutions however turned net profit takers this week which saw Aamal Company report a net profit of QR266.6mn in the first half (H1) of this year.
Buying was seen within micro-cap scrips in the QSE this week which saw Qatar’s foreign trade surplus expanded 63.6% year-on-year to QR12.51bn in June, mainly on higher exports of petroleum gases and lower imports.
Islamic stocks were seen declining slower than the main index this week which witnessed no trading of treasury bills and sovereign bonds.
Overall trade turnover and volumes were on the rise this week, which saw telecom, real estate and banking sectors together account for more than 81% of the volumes.
The telecom sector accounted for 47% of the total volume, realty (18%), banks and financial services (17%), industrials (11%), consumer goods (4%), transport (3%) and insurance (2%) this week which saw Qatar Oman Investment register H1 2017 net profit of QR10.55mn.
The banks and financial services’ share in total trade turnover was 29%, telecom (20%), consumer goods (16%), industrials (15%), real estate (12%), insurance (4%) and transport (3%) this week which saw Barwa award QR139.95mn worth contracts to Qatar Building Engineering Company for the construction of warehouses and workshops.
Opening weak at 9,470 points, the market continued with its weak run for the next two days to touch a low of 9,309 points, after which there was consistent gains for the next two days but overall the index settled lower this week which witnessed Gulf International Services (GIS) report QR15.8mn net profit in H1 2017.
Market capitalisation stood at QR509.09bn this week which also saw Milaha report a net profit of QR267mn in January-June 2017.
Major movers included Vodafone Qatar, Ahli Bank, Qatar National Cement, Qatar Industrial Manufacturing, Alijarah Holding, Mesaieed Petrochemical Holding, Barwa, Zad Holding, Widam Food, Al Meera, Commercial Bank and Islamic Holding Group this week.
Nevertheless, GIS, QNB, Doha Bank, Masraf Al Rayan, Dlala, Industries Qatar, Mazaya Qatar, Milaha, Nakilat, Salam International Investment and Qatari Investors Group were among the losers.
Local retail investors turned net buyers to the tune of QR70mn compared with net sellers of QR85.15mn the week ended July 27.
Non-Qatari individual investors were also net buyers to the extent of QR26.34mn against net sellers of QR4.08mn a week ago.
However, domestic institutions turned net sellers to the tune of QR110.83mn compared with net buyers of QR53.64mn the previous week.
Non-Qatari institutions’ net buying weakened considerably to QR13.58mn against QR35.36mn the week ended July 27.
Total trade volume rose 33% to 49.86mn shares and value by 6% to QR1.17bn, while transactions were down 2% to 15,515 this week.
There was 98% surge in the telecom sector’s trade volume to 23.19mn equities, 73% in value to QR239.01mn and 24% in deals to 1,801.
The real estate sector’s trade volume soared 77% to 8.89mn stocks, value by 68% to QR145.69mn and transactions by 25% to 2,586.
The insurance sector reported 56% expansion in trade volume to 0.81mn shares, 46% in value to QR45.62mn and 59% in deals to 587.
However, the transport sector’s trade volume plummeted 49% to 1.44mn equities, value by 47% to QR39.37mn and transactions by 36% to 1,154.
The market witnessed 22% shrinkage in the consumer goods sector’s trade volume to 1.77mn stocks, 19% in value to QR186.95mn and 34% in deals to 1,604.
The industrials sector’s trade volume tanked 20% to 5.3mn shares and value by 19% to QR176.05mn, whereas transactions rose 2% to 3,020.
The banks and financial services sector saw 2% fall in trade volume to 8.45mn equities but on 4% jump in value to QR337.81mn and 1% in deals to 4,763.
