Domestic institutions increasingly enhanced their exposure in the Qatar Stock Exchange, whose key barometer added more than 314 points to scale 10,200 levels this week.
Insurance and industrials counters witnessed higher than average demand, reflecting in a 3.17% surge in the main index this week which saw Qatar Central Bank (QCB) data suggest trading and services sectors exhibit buoyant credit offtake in July 2019.
More than 53% of the traded constituents made gains this week which saw global index compiler FTSE Russell announce that Woqod will come under large cap segment instead of midcap and Barwa being included in midcap from large cap segment.
Foreign institutions turned net buyers this week which saw QCB data suggest that Qatar’s commercial banks’ overseas customers’ deposits and private sector deposits witness faster year-on-year expansion than the total deposits generated in July 2019.
Nevertheless, local and non-Qatari retail investors were found increasingly net profit takers amidst 3.17% surge in the 20-stock Qatar Index this week which saw no trading of treasury bills and sovereign bonds.
Trade turnover and volumes were on the increase this week which saw Islamic stocks underperform the main index.
Total Return Index surged 3.17%, All Share Index by 2.46% and Al Rayan Islamic Index (Price) by 2.29% this week which saw Qatar's exports remain buoyant month-on-month in July 2019 on increasing shipments to Japan, China and Singapore.
Market capitalisation expanded about QR16bn or 2.84% to QR564.17bn mainly on large and midcap equities this week which saw as many as 180,348 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR0.41mn trade across 14 deals.
The insurance index soared 4.8%, industrials (3.53%), banks and financial services (2.95%), consumer goods (2.59%), telecom (1,23%) and transport (0.85%); while realty declined 1.29% this week which witnessed a total of 39,750 Doha Bank sponsored QETF valued at QR0.39mn changed hands across 11 transactions.
Major gainers included Qatar Insurance, Commercial Bank, Industries Qatar, Mesaieed Petrochemical Holding, QNB, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Qatar Industrial Manufacturing, Qatari Investors Group, Al Khaleej Takaful, Ezdan, Barwa, United Development Company, Milaha and Nakilat this week which saw banking, real estate and industrials stocks constitute more than 80% of the trading volume.
The banks and financial services sector accounted for 40% of the trading volume, real estate (22%), industrials (19%), transport (7%), consumer goods (6%), telecom (4%) and insurance (2%) this week.
In terms of value, banks and financial services accounted for 50%, industrials (18%), consumer goods (14%), realty (8%), transport and telecom (5% each), and insurance (1%) this week.
Domestic institutions’ net buying increased substantially to QR149.26mn compared to QR65.41mn the previous week.
Non-Qatari institutions turned net buyers to the tune of QR25.06mn against net sellers of QR83.22mn a week ago.
However, local retail investors’ net selling grew noticeably to QR92.68mn compared to QR25.47mn the week ended August 22.
Non-Qatari individuals’ net profit booking increased significantly to QR81.64mn against QR6.64mn the previous week.
Total trade volume rose 36% to 439.53mn shares, value by 85% to QR1.58bn and transactions by 12% to 35,083.
The transport sector’s trade volume more than doubled to 32.75mn equities and value also more than doubled to QR80.52mn on 27% increase in deals to 1,695.
The banks and financial services sector’s volume almost doubled to 174.23mn stocks and value also more than doubled to QR781.29mn on 34% jump in transactions to 11,396.
The real estate sector saw 54% surge in trade volume to 96.75mn shares, 57% in value to QR120.21mn and 91% in deals to 6,270.
The consumer goods sector’s trade volume soared 23% to 24.87mn equities and value more than quadrupled to QR220.24mn on more than doubled transactions to 3,123.
There was 9% increase in the telecom sector’s trade volume to 19.61mn stocks, 26% in value to QR74.16mn and 5% in deals to 3,156.
However, the industrials sector’s trade volume plunged 25% to 82.45mn shares, while value expanded 39% to QR276.44mn despite 28% lower transactions to 8,537.
The insurance sector reported 9% shrinkage in trade volume to 8.87mn equities, 10% in value to QR23.25mn and 49% in deals to 906.
More than 53% of the traded constituents made gains this week which saw global index compiler FTSE Russell announce that Woqod will come under large cap segment instead of midcap and Barwa being included in midcap from large cap segment.
Foreign institutions turned net buyers this week which saw QCB data suggest that Qatar’s commercial banks’ overseas customers’ deposits and private sector deposits witness faster year-on-year expansion than the total deposits generated in July 2019.
Nevertheless, local and non-Qatari retail investors were found increasingly net profit takers amidst 3.17% surge in the 20-stock Qatar Index this week which saw no trading of treasury bills and sovereign bonds.
Trade turnover and volumes were on the increase this week which saw Islamic stocks underperform the main index.
Total Return Index surged 3.17%, All Share Index by 2.46% and Al Rayan Islamic Index (Price) by 2.29% this week which saw Qatar's exports remain buoyant month-on-month in July 2019 on increasing shipments to Japan, China and Singapore.
Market capitalisation expanded about QR16bn or 2.84% to QR564.17bn mainly on large and midcap equities this week which saw as many as 180,348 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR0.41mn trade across 14 deals.
The insurance index soared 4.8%, industrials (3.53%), banks and financial services (2.95%), consumer goods (2.59%), telecom (1,23%) and transport (0.85%); while realty declined 1.29% this week which witnessed a total of 39,750 Doha Bank sponsored QETF valued at QR0.39mn changed hands across 11 transactions.
Major gainers included Qatar Insurance, Commercial Bank, Industries Qatar, Mesaieed Petrochemical Holding, QNB, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Qatar Industrial Manufacturing, Qatari Investors Group, Al Khaleej Takaful, Ezdan, Barwa, United Development Company, Milaha and Nakilat this week which saw banking, real estate and industrials stocks constitute more than 80% of the trading volume.
The banks and financial services sector accounted for 40% of the trading volume, real estate (22%), industrials (19%), transport (7%), consumer goods (6%), telecom (4%) and insurance (2%) this week.
In terms of value, banks and financial services accounted for 50%, industrials (18%), consumer goods (14%), realty (8%), transport and telecom (5% each), and insurance (1%) this week.
Domestic institutions’ net buying increased substantially to QR149.26mn compared to QR65.41mn the previous week.
Non-Qatari institutions turned net buyers to the tune of QR25.06mn against net sellers of QR83.22mn a week ago.
However, local retail investors’ net selling grew noticeably to QR92.68mn compared to QR25.47mn the week ended August 22.
Non-Qatari individuals’ net profit booking increased significantly to QR81.64mn against QR6.64mn the previous week.
Total trade volume rose 36% to 439.53mn shares, value by 85% to QR1.58bn and transactions by 12% to 35,083.
The transport sector’s trade volume more than doubled to 32.75mn equities and value also more than doubled to QR80.52mn on 27% increase in deals to 1,695.
The banks and financial services sector’s volume almost doubled to 174.23mn stocks and value also more than doubled to QR781.29mn on 34% jump in transactions to 11,396.
The real estate sector saw 54% surge in trade volume to 96.75mn shares, 57% in value to QR120.21mn and 91% in deals to 6,270.
The consumer goods sector’s trade volume soared 23% to 24.87mn equities and value more than quadrupled to QR220.24mn on more than doubled transactions to 3,123.
There was 9% increase in the telecom sector’s trade volume to 19.61mn stocks, 26% in value to QR74.16mn and 5% in deals to 3,156.
However, the industrials sector’s trade volume plunged 25% to 82.45mn shares, while value expanded 39% to QR276.44mn despite 28% lower transactions to 8,537.
The insurance sector reported 9% shrinkage in trade volume to 8.87mn equities, 10% in value to QR23.25mn and 49% in deals to 906.
