The negative territory of the US crude futures had its lasting effect on the Qatar Stock Exchange, which closed the week weak.
Foreign funds and Arab individuals were largely instrumental in dragging the bourse this week, which saw global credit rating agency Standard and Poor’s view that Gulf banks could absorb up to $36bn shock from Covid-19 pandemic.
The Gulf individuals were also increasingly net sellers this week which saw Industries Qatar (IQ) report net profit of QR203.8mn in the first quarter (Q1) of this year.
The insurance, industrials, realty and banking counters witnessed higher than average selling pressure this week which saw Commercial Bank and Ezdan report QR402.13mn and QR118.01mn respectively in Q1 2020.
The buying interests of the Gulf institutions and foreign individuals notwithstanding, the 20-stock Qatar Index settled 1.2% lower this week which saw Doha Bank’s and Ahlibank’s Q1 2020 net profit at QR324mn and QR180.4mn respectively.
Local retail investors continued to be net sellers but with lesser intensity this week which saw QIIB record QR287mn net profit in Q1 2020.
The Total Return Index was down 0.88%, Al Rayan Islamic Index by 0.96% and All Share Index by 1.31% this week which saw as many as 792,803 Masraf Al Rayan sponsored exchange traded funds QATR worth QR1.52mn change hands across 37 transactions.
The insurance index plummeted 4.94%, industrials (2.75%), real estate (2.73%) and banks and financial services (1.98%); while transport gained 7.43%, telecom (4.6%) and consumer goods and services (1.2%) this week which saw a total of 4,265 Doha Bank sponsored QETF valued at QR36,754 trade across five deals.
About 61% of the traded constituents were in the red with major losers being Qatar Insurance, Qatar Islamic Insurance, IQ, Qatari Investors Group, Mesaieed Petrochemical Holding, United Development Company, Barwa, QNB, Masraf Al Rayan and Woqod this week which saw Milaha and Nakilat register QR283mn and QR279.2mn net profit in Q1 2020 respectively.
Market capitalisation saw about QR5bn or about 1% erosion to QR477.49bn mainly dragged by large and small cap segments this week which saw Masraf Al Rayan and al khaliji register net profit of QR547mn and QR177mn respectively in Q1 2020.
Trade turnover and volumes were on the increase this week which saw real estate sector alone account for about 49% of the total trading volume, consumer goods (16%), industrials (15%), banks and financial services (10%), transport (6%), and telecom and insurance (2% each).
In value, banks and financial services’ share was 30%, real estate (23%), consumer goods (17%), industrials (15%), transport (10%), telecom (3%) and insurance (2%) this week which saw Al Meera Consumer Goods enter into a pact with Hassad Food.
Foreign funds’ net selling increased substantially to QR111.11mn compared to QR28.14mn the week ended April 16.
The Arab individuals turned net sellers to the tune of QR16.56mn against net buyers of QR4.99mn a week ago.
The Gulf individuals’ net profit booking increased perceptibly to QR8.28mn compared to QR1.13mn the previous week.
However, domestic funds’ net buying grew considerably to QR111.11mn against QR28.59mn the week ended April 16.
The Gulf institutions’ net buying shot up significantly to QR43.05mn compared to QR20.99mn a week ago.
Foreign individuals’ net buying also strengthened notably to QR10.43mn against QR8.28mn the previous week.
The Arab institutions were seen marginally net buyers to the extent of QR17mn compared with no exposure a week ago.
Local retail investors' net profit booking eased noticeably to QR28.65mn against QR33.7mn on April 16.
Total trading volume more than doubled to 1.01bn shares, value grew 46% to QR1.66bn and transactions by 33% to 50,014.
The real estate sector’s trade volume more than tripled to 494.62mn equities and value more than doubled to QR382.45mn on more than doubled deals to 8,726.
The transport sector’s trade volume more than tripled to 61.02mn stocks and value almost tripled to QR159.46mn on 73% increase in transactions to 3,924.
The telecom sector’s trade volume more than doubled to 25.13mn shares, value soared 44% to QR49.94mn and deals by 51% to 2,590.
The consumer goods sector’s trade volume almost doubled to 160.99mn equities and value also almost doubled to QR282.99mn on 76% growth in transactions to 7,464.
The insurance sector reported 68% surge in trade volume to 16.96mn stocks, 34% in value to QR35.09mn and 39% in deals to 1,598.
The banks and financial services sector’s trade volume shot up 39% to 103.88mn shares, value by 17% to QR502.53mn and transactions by 28% to 17,280.
However, the industrials sector reported 5% shrinkage in trade volume to 151.89mn equities, 12% in value to QR243.39mn and 20% in deals to 8,432.
The Gulf individuals were also increasingly net sellers this week which saw Industries Qatar (IQ) report net profit of QR203.8mn in the first quarter (Q1) of this year.
The insurance, industrials, realty and banking counters witnessed higher than average selling pressure this week which saw Commercial Bank and Ezdan report QR402.13mn and QR118.01mn respectively in Q1 2020.
The buying interests of the Gulf institutions and foreign individuals notwithstanding, the 20-stock Qatar Index settled 1.2% lower this week which saw Doha Bank’s and Ahlibank’s Q1 2020 net profit at QR324mn and QR180.4mn respectively.
Local retail investors continued to be net sellers but with lesser intensity this week which saw QIIB record QR287mn net profit in Q1 2020.
The Total Return Index was down 0.88%, Al Rayan Islamic Index by 0.96% and All Share Index by 1.31% this week which saw as many as 792,803 Masraf Al Rayan sponsored exchange traded funds QATR worth QR1.52mn change hands across 37 transactions.
The insurance index plummeted 4.94%, industrials (2.75%), real estate (2.73%) and banks and financial services (1.98%); while transport gained 7.43%, telecom (4.6%) and consumer goods and services (1.2%) this week which saw a total of 4,265 Doha Bank sponsored QETF valued at QR36,754 trade across five deals.
About 61% of the traded constituents were in the red with major losers being Qatar Insurance, Qatar Islamic Insurance, IQ, Qatari Investors Group, Mesaieed Petrochemical Holding, United Development Company, Barwa, QNB, Masraf Al Rayan and Woqod this week which saw Milaha and Nakilat register QR283mn and QR279.2mn net profit in Q1 2020 respectively.
Market capitalisation saw about QR5bn or about 1% erosion to QR477.49bn mainly dragged by large and small cap segments this week which saw Masraf Al Rayan and al khaliji register net profit of QR547mn and QR177mn respectively in Q1 2020.
Trade turnover and volumes were on the increase this week which saw real estate sector alone account for about 49% of the total trading volume, consumer goods (16%), industrials (15%), banks and financial services (10%), transport (6%), and telecom and insurance (2% each).
In value, banks and financial services’ share was 30%, real estate (23%), consumer goods (17%), industrials (15%), transport (10%), telecom (3%) and insurance (2%) this week which saw Al Meera Consumer Goods enter into a pact with Hassad Food.
Foreign funds’ net selling increased substantially to QR111.11mn compared to QR28.14mn the week ended April 16.
The Arab individuals turned net sellers to the tune of QR16.56mn against net buyers of QR4.99mn a week ago.
The Gulf individuals’ net profit booking increased perceptibly to QR8.28mn compared to QR1.13mn the previous week.
However, domestic funds’ net buying grew considerably to QR111.11mn against QR28.59mn the week ended April 16.
The Gulf institutions’ net buying shot up significantly to QR43.05mn compared to QR20.99mn a week ago.
Foreign individuals’ net buying also strengthened notably to QR10.43mn against QR8.28mn the previous week.
The Arab institutions were seen marginally net buyers to the extent of QR17mn compared with no exposure a week ago.
Local retail investors' net profit booking eased noticeably to QR28.65mn against QR33.7mn on April 16.
Total trading volume more than doubled to 1.01bn shares, value grew 46% to QR1.66bn and transactions by 33% to 50,014.
The real estate sector’s trade volume more than tripled to 494.62mn equities and value more than doubled to QR382.45mn on more than doubled deals to 8,726.
The transport sector’s trade volume more than tripled to 61.02mn stocks and value almost tripled to QR159.46mn on 73% increase in transactions to 3,924.
The telecom sector’s trade volume more than doubled to 25.13mn shares, value soared 44% to QR49.94mn and deals by 51% to 2,590.
The consumer goods sector’s trade volume almost doubled to 160.99mn equities and value also almost doubled to QR282.99mn on 76% growth in transactions to 7,464.
The insurance sector reported 68% surge in trade volume to 16.96mn stocks, 34% in value to QR35.09mn and 39% in deals to 1,598.
The banks and financial services sector’s trade volume shot up 39% to 103.88mn shares, value by 17% to QR502.53mn and transactions by 28% to 17,280.
However, the industrials sector reported 5% shrinkage in trade volume to 151.89mn equities, 12% in value to QR243.39mn and 20% in deals to 8,432.
