Foreign institutions turned bullish on the Qatar Stock Exchange, which otherwise hit a five-year low this week.
An across-the-board selling — particularly in real estate, insurance, consumer goods and transport — led the main barometer to sink 2.17% this week, which, however, saw Qatar Central Bank governor Sheikh Abdullah bin Saoud al-Thani reiterate that the country’s government has enough reserves to support its banks in the face of sanctions imposed by other Arab states.
However, local and non-Qatari individual investors turned net sellers this week, which saw Qatar’s July industrial production grow 1% month-on-month, aided by robust secondary sector, especially expansion in refined petroleum products, cement and food products.
Domestic institutions’ net buying support was seen weakening in the week which saw the domestic assets of Qatar's banking industry were about five times larger than the foreign assets in August this year, indicating its strong cushioning factor amidst the Gulf crisis.
Islamic stocks were seen declining faster than the main index this week, which witnessed no trading of treasury bills and sovereign bonds.
The market was highly skewed towards decliners this week which witnessed banking, telecom and industrials counters together account for more than 73% of total trading volume.
The banks and financial services sector accounted for 26% of the total volume, telecom (25%), industrials (23%), realty (18%), transport (5%), consumer goods (3%) and insurance (1%) this week that saw Qatar's industrial producers' earnings displayed robust performance year-on-year this August mainly on higher prices for hydrocarbons, refined petroleum products and other chemical products and fibres.
The banks and financial services’ share in total trade turnover was 48%, industrials (17%), telecom (14%), real estate (10%), transport (5%), consumer goods (3%) and insurance (2%) this week which saw robust expansion in credit to the real estate sector mainly led Qatar’s commercial banks report an healthy double-digit yearly growth in domestic credit off-take this August.
Major gainers included Industries Qatar, Gulf Warehousing, Qatar National Cement, Qatar Islamic Bank and Ahli Bank; even as Ezdan, Gulf International Services, Vodafone Qatar, Nakilat, Doha Bank, Commercial Bank, QNB, Masraf Al Rayan, al khaliji, Alijarah Holding and Qatar Insurance were among the losers this week.
Non-Qatari funds turned net buyers to the tune of QR10.06mn compared with net sellers of QR86.46mn a week ago.
Local retail investors were net sellers to the extent of QR17.31mn against net buyers of QR60.01mn the previous week.
Non-Qatari individual investors were also net sellers to the tune of QR7.5mn compared with net buyers of QR2.99mn a week ago.
Domestic institutions’ net buying weakened influentially to QR14.75mn against QR23.46mn the week ended September 28.
A total of 38.53mn shares valued at QR824.25mn traded across 10,550 transactions this week.
The banks and financial services sector saw 9.91mn equities worth QR396.81mn change hands across 3,572 deals; telecom witnessed 9.54mn stocks valued at QR117.48mn change hands across 1,181 transactions; and as many as 8.85mn industrials shares worth QR141.1mn trade across 2,368 deals.
A total of 6.84mn and 2.02mn industrials and transport equities valued at QR86.03mn and QR42.02mn change hands across 1,503 and 978 transactions respectively.
As many as 1.01mn and 0.35mn consumer goods and insurance stocks worth QR25.96mn and QR14.85mn trade across 587 and 361 deals respectively.
However, local and non-Qatari individual investors turned net sellers this week, which saw Qatar’s July industrial production grow 1% month-on-month, aided by robust secondary sector, especially expansion in refined petroleum products, cement and food products.
Domestic institutions’ net buying support was seen weakening in the week which saw the domestic assets of Qatar's banking industry were about five times larger than the foreign assets in August this year, indicating its strong cushioning factor amidst the Gulf crisis.
Islamic stocks were seen declining faster than the main index this week, which witnessed no trading of treasury bills and sovereign bonds.
The market was highly skewed towards decliners this week which witnessed banking, telecom and industrials counters together account for more than 73% of total trading volume.
The banks and financial services sector accounted for 26% of the total volume, telecom (25%), industrials (23%), realty (18%), transport (5%), consumer goods (3%) and insurance (1%) this week that saw Qatar's industrial producers' earnings displayed robust performance year-on-year this August mainly on higher prices for hydrocarbons, refined petroleum products and other chemical products and fibres.
The banks and financial services’ share in total trade turnover was 48%, industrials (17%), telecom (14%), real estate (10%), transport (5%), consumer goods (3%) and insurance (2%) this week which saw robust expansion in credit to the real estate sector mainly led Qatar’s commercial banks report an healthy double-digit yearly growth in domestic credit off-take this August.
Major gainers included Industries Qatar, Gulf Warehousing, Qatar National Cement, Qatar Islamic Bank and Ahli Bank; even as Ezdan, Gulf International Services, Vodafone Qatar, Nakilat, Doha Bank, Commercial Bank, QNB, Masraf Al Rayan, al khaliji, Alijarah Holding and Qatar Insurance were among the losers this week.
Non-Qatari funds turned net buyers to the tune of QR10.06mn compared with net sellers of QR86.46mn a week ago.
Local retail investors were net sellers to the extent of QR17.31mn against net buyers of QR60.01mn the previous week.
Non-Qatari individual investors were also net sellers to the tune of QR7.5mn compared with net buyers of QR2.99mn a week ago.
Domestic institutions’ net buying weakened influentially to QR14.75mn against QR23.46mn the week ended September 28.
A total of 38.53mn shares valued at QR824.25mn traded across 10,550 transactions this week.
The banks and financial services sector saw 9.91mn equities worth QR396.81mn change hands across 3,572 deals; telecom witnessed 9.54mn stocks valued at QR117.48mn change hands across 1,181 transactions; and as many as 8.85mn industrials shares worth QR141.1mn trade across 2,368 deals.
A total of 6.84mn and 2.02mn industrials and transport equities valued at QR86.03mn and QR42.02mn change hands across 1,503 and 978 transactions respectively.
As many as 1.01mn and 0.35mn consumer goods and insurance stocks worth QR25.96mn and QR14.85mn trade across 587 and 361 deals respectively.
