Market capitalisation hits QR581.81bn on foreign institutions strong buying support
December 27 2019 08:25 PM

The Qatar Stock Exchange touched a high of 10,515 points before settling at 10,426 points this week which saw foreign institutions strong buying sentiments.
Non-Qatari individuals were also seen net buyers as the 20-stock Qatar Index saw three of the five days in a buying mode this week which saw a Kamco report that suggest Qatar's share in Gulf gross domestic product is expected to increase to more than 12% by 2024.
Real estate, banking and telecom counters witnessed higher than average demand this week which saw market capitalisation stood at QR581.81bn.
Islamic stocks rather witnessed lacklustre performance this week which saw local and non-Qatari institutions were seen net profit takers.
Mid and small cap stocks saw higher buying interests this week which saw a total of 26,225 Masraf Al Rayan sponsored exchange traded funds QATR valued at QR61,665 trade across six transactions.
Trade turnover and volumes were on the increase as there was full five trading sessions this week which saw a total of 185 Doha Bank sponsored QETF valued at QR1,872 changed hands across one deal. The previous week had only three sessions in view of Qatar National Day holidays.
The Total Return Index stood at 19,185 points, Al Rayyan Islamic Index 2,316 points and All Share Index 3,098 points this week which saw no trading of sovereign bonds and treasury bills.
The banks and financial services index was 4,214 points, consumer goods 8,613 points, industrials 2,928 points, insurance 2,740 points, real estate 1,565 points, telecom 908 points and transport 2,594 points this week which saw a global insurance rating agency A M Best affirm the financial strength rating of 'A (Excellent)' and the long-term issuer credit ratings of “a” of Qatar Insurance Company and its subsidiary, Qatar Re (Bermuda).
Non-Qatari institutions were net buyers to the tune of QR113.06mn, while their domestic counterparts were net sellers to the extent of QR13.86mn this week which saw the performance of Doha Bank and Vodafone Qatar stand above the emerging market average in environment social governance parameters, as per FTSE Russell ranking.
In the case of retail investors, Qataris were net profit takers to the extent of QR104.26mn, while non-Qataris were net buyers to the tune of QR5.06mn this week which saw a Qatar Financial Center report that said takaful, which has less than 1% penetration, could make further inroads into Qatar, and there is a need for stricter re-takaful controls.
A total of 302.89mn shares valued at QR872.72mn changed hands across 25,490 transactions.
The banks and financial services saw as many as 119.54mn equities worth QR450.32mn trade across 9,638 deals.
The industrials sector witnessed 59.39mn stocks valued at QR128.85mn change hands across 5,309 transactions.
As many as 48.04mn consumer goods and services shares worth QR110.88mn traded across 5,483 deals.
The real estate sector saw a total of 41.4mn equities valued at QR60.78mn change hands across 1,604 transactions.
A total of 15.96mn transport stocks worth QR54.9mn trade across 988 deals and as many as 9.85mn telecom shares valued at QR42.81mn change hands across 1,762 transactions.
The insurance sector registered 8.21mn equities worth QR23.18mn trade across 706 deals.

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