The Qatar Stock Exchange had witnessed its key index break 10,600 points intraweek although it settled below that level, amidst stock split implementation by banking and financial services segment.
Foreign institutions were seen increasingly into net buying this week which saw a report from the International Monetary Fund that said Qatar’s gross external debt, which is "sizeable" under the baseline, is projected to fall over the medium term.
There were increased trading turnover and volume (although a week to week comparison is not possible due to Eid holidays the previous week), especially considering that the banking and financial services were the first sector to implement the stock spit according to a preset deadline fixed by the Qatar Financial Market Authority.
So far Commercial Bank, Qatar First Bank, Al Khaliji, Dlala Holding, Qatar Oman Investment, QIIB, Alijarah Holding, QNB, Ahlibank Qatar, Islamic Holding, Qatar Islamic Bank and Doha Bank have enforced stock split, whereby the nominal value of a share has become QR1 per share instead of QR10 earlier.
Market heavyweights and blue chips were seen high in demand as the 20-stock Qatar Index up closed at 10,515.88 points, although it peaked at 10,622 points on Wednesday.
Islamic stocks continued to make gains but slower than the conventional ones this week which witnessed as many as 1,139 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR0.03mn trade across eight deals.
Market capitalisation stood at QR577.82bn this week which saw a total of 1,121 Doha Bank sponsored QETF valued at QR0.12mn across nine transactions.
The Total Return Index was at 19,350.11 points, Al Rayan Islamic Index (Price) at 2,401.01 points and All Share Index at 3,098.67 points this week which saw banking sector accounted for about 64% of the total trade volume.
The banks and financial services index stood at 4,023.32 points, consumer goods and services 8,047.97 points, industrials 3,312.45 points, insurance 3,153.85 points, real estate 1,565.42 points, telecom 920.91 points and transport 2,442.47 points this week.
The banks and financial services sector accounted for 64% of the total volume, real estate (16%), industrials (11%), consumer goods (4%), telecom (2%), and insurance and transport (1% each) this week.
In terms of value, banks and financial services sector’s share was 44%, industrials 21%, consumer goods 15%, realty 11%, telecom and insurance (3% each) and transport 1% this week.
Foreign institutions’ net buying amounted to QR366.77mn; while domestic funds’ net sold QR102.49mn worth equities.
In the case of local and non-Qatari retail investors; their net profit booking stood at QR254.96mn and QR9.49mn respectively.
Total trade volume stood at 118.36mn, value at QR1.69bn and transactions at 41,041 this week.
A total of 75.22mn banks and financial services stocks valued at QR764.36mn changed hands across 10,657 deals.
The real estate sector saw as many as 10.3mn equities worth QR185.91mn trade across 12,727 transactions.
The industrials sector witnessed a total of 13.34mn shares valued at QR360.05mn change hands across 9,776 deals.
In the case of consumer goods and services, it saw as many as 5.24mn stocks worth QR258.91mn trade across 3,662 transactions.
The telecom sector recorded a total of 2.78mn equities valued at QR58.28mn change hands across 2,404 deals.
As many as 1.47mn insurance shares worth QR42.29mn trade across 1,030 transactions and a total of 1.01mn transport stocks valued at QR24.3mn change hands across 785 deals.
There were increased trading turnover and volume (although a week to week comparison is not possible due to Eid holidays the previous week), especially considering that the banking and financial services were the first sector to implement the stock spit according to a preset deadline fixed by the Qatar Financial Market Authority.
So far Commercial Bank, Qatar First Bank, Al Khaliji, Dlala Holding, Qatar Oman Investment, QIIB, Alijarah Holding, QNB, Ahlibank Qatar, Islamic Holding, Qatar Islamic Bank and Doha Bank have enforced stock split, whereby the nominal value of a share has become QR1 per share instead of QR10 earlier.
Market heavyweights and blue chips were seen high in demand as the 20-stock Qatar Index up closed at 10,515.88 points, although it peaked at 10,622 points on Wednesday.
Islamic stocks continued to make gains but slower than the conventional ones this week which witnessed as many as 1,139 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR0.03mn trade across eight deals.
Market capitalisation stood at QR577.82bn this week which saw a total of 1,121 Doha Bank sponsored QETF valued at QR0.12mn across nine transactions.
The Total Return Index was at 19,350.11 points, Al Rayan Islamic Index (Price) at 2,401.01 points and All Share Index at 3,098.67 points this week which saw banking sector accounted for about 64% of the total trade volume.
The banks and financial services index stood at 4,023.32 points, consumer goods and services 8,047.97 points, industrials 3,312.45 points, insurance 3,153.85 points, real estate 1,565.42 points, telecom 920.91 points and transport 2,442.47 points this week.
The banks and financial services sector accounted for 64% of the total volume, real estate (16%), industrials (11%), consumer goods (4%), telecom (2%), and insurance and transport (1% each) this week.
In terms of value, banks and financial services sector’s share was 44%, industrials 21%, consumer goods 15%, realty 11%, telecom and insurance (3% each) and transport 1% this week.
Foreign institutions’ net buying amounted to QR366.77mn; while domestic funds’ net sold QR102.49mn worth equities.
In the case of local and non-Qatari retail investors; their net profit booking stood at QR254.96mn and QR9.49mn respectively.
Total trade volume stood at 118.36mn, value at QR1.69bn and transactions at 41,041 this week.
A total of 75.22mn banks and financial services stocks valued at QR764.36mn changed hands across 10,657 deals.
The real estate sector saw as many as 10.3mn equities worth QR185.91mn trade across 12,727 transactions.
The industrials sector witnessed a total of 13.34mn shares valued at QR360.05mn change hands across 9,776 deals.
In the case of consumer goods and services, it saw as many as 5.24mn stocks worth QR258.91mn trade across 3,662 transactions.
The telecom sector recorded a total of 2.78mn equities valued at QR58.28mn change hands across 2,404 deals.
As many as 1.47mn insurance shares worth QR42.29mn trade across 1,030 transactions and a total of 1.01mn transport stocks valued at QR24.3mn change hands across 785 deals.
