The Qatar Stock Exchange (QSE) was overall on a slippery path this week which otherwise saw the global index compiler MSCI include Aamal Company and the newly listed Baladna in the MSCI Qatar small cap index.
Foreign funds continued to be net sellers and there was considerable weakening of buying interests of domestic institutions this week which saw the QSE listed companies cumulatively report net profit of QR8.3bn in the first three months of this year.
Four of the seven sectors experienced profit booking pressure this week which saw Nakilat commenced the second phase of fleet management.
The Arab funds were seen bearish and the Gulf institutions’ buying support eased as the 20-stock Qatar Index settled 0.73% lower this week which saw QSE chief executive Rashid bin Ali al-Mansoori view that the government’s support package for the private sector has helped boost investors’ confidence.
The transport and real estate counters witnessed higher than average selling this week which saw as many as 85,405 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR177,484 change hands across seven transactions.
Local and foreign individuals however turned net buyers this week which saw a total of 5,328 Doha Bank sponsored QETF valued at QR44,206 trade across two deals this week.
The Total Return Index fell 0.73%, Al Rayan Islamic Index by 0.44% and All Share Index by 0.75% this week which saw which saw market capitalisation saw more than QR4bn or 0.85% decline to QR495.34bn mainly triggered by small and microcap segments.
The transport index plummeted 7.06%, real estate (4.04%), banks and financial services (0.78%) and consumer goods and services (0.21%); while telecom gained 2.21%, industrials (1.25%) and insurance (0.89%) this week, which saw about 62% of the traded constituents were in the red.
Major losers included Nakilat, Milaha, Ezdan, United Development Company, Mazaya Qatar, Alijarah Holding, Qatar First Bank, Dlala, Islamic Holding Group, Qatar German Company for Medical Devices, Salam International Investment, Medicare Group, Gulf International Services, Mesaieed Petrochemical Holding and Qamco; while Qatar National Cement, Qatari Investors Group, Industries Qatar, Aamal Company, Qatar Insurance, Al Khaleej Takaful, Ooredoo and Vodafone Qatar were among the gainers.
Trade turnover and volumes were on the decline this week which saw real estate sector account for about 38% of the total trading volume, industrials (26%), consumer goods and services (14%), banks and financial services (9%), transport (7%), insurance (4%) and telecom (3%).
In value, the real estate sector’s share was 23%, banks and financial services (22%), industrials (21%), consumer goods and services (14%), transport (12%), insurance (5%) and telecom (3%) this week.
Foreign institutions’ net selling grew marginally to QR109.68mn compared to QR109.09mn the week ended May 7.
The Arab institutions turned net sellers to the tune of QR3.59mn against net buyers of QR0.18mn the previous week.
Domestic institutions’ net buying declined influentially to QR99.99mn compared to QR164.14mn a week ago.
The Gulf institutions’ net buying eased substantially to QR7.03mn against QR12.25mn the week ended May 7.
However, Arab individuals were net buyers to the tune of QR4.37mn compared with net sellers of QR5.02mn the previous week.
Local retail investors were also net buyers to the extent of QR3.28mn against net sellers of QR49.02mn a week ago.
Foreign individuals turned net buyers to the tune of QR0.12mn compared with net sellers of QR4.82mn the week ended May 7.
The Gulf individuals’ net profit booking fell noticeably to QR1.72mn against QR8.64mn the previous week.
Total trading volume fell 33% to 970.94mn shares, value by 22% to QR1.56bn and transactions by 18% to 45,212.
The banks and financial services sector saw 64% plunge in trade volume to 83.43mn equities, 39% in value to QR337.56mn and 29% in deals to 11,758.
The industrials sector’s trade volume plummeted 36% to 250.49mn stocks, value by 22% to QR332.45mn and transactions by 30% to 8,396.
The market witnessed 33% shrinkage in the consumer goods sector’s trade volume to 133.62mn shares, 8% in value % to QR218.19mn and 7% in deals to 5,696.
The real estate sector’s trade volume tanked 28% to 368.38mn equities, value by 23% to QR366.83mn and transactions by 1% to 8,851.
However, there was 18% surge in the telecom sector’s trade volume to 27.99mn stocks but on 20% decline in value to QR53.74mn and 44% in deals to 2,075.
The insurance sector’s trade volume shot up 10% to 35.32mn shares and value by 13% to QR70.46mn on more than doubled transactions to 4,078.
The transport sector saw 3% jump in trade volume to 71.71mn equities but on 3% fall in value to 183.13mn and 23% in deals to 4,628.
Four of the seven sectors experienced profit booking pressure this week which saw Nakilat commenced the second phase of fleet management.
The Arab funds were seen bearish and the Gulf institutions’ buying support eased as the 20-stock Qatar Index settled 0.73% lower this week which saw QSE chief executive Rashid bin Ali al-Mansoori view that the government’s support package for the private sector has helped boost investors’ confidence.
The transport and real estate counters witnessed higher than average selling this week which saw as many as 85,405 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR177,484 change hands across seven transactions.
Local and foreign individuals however turned net buyers this week which saw a total of 5,328 Doha Bank sponsored QETF valued at QR44,206 trade across two deals this week.
The Total Return Index fell 0.73%, Al Rayan Islamic Index by 0.44% and All Share Index by 0.75% this week which saw which saw market capitalisation saw more than QR4bn or 0.85% decline to QR495.34bn mainly triggered by small and microcap segments.
The transport index plummeted 7.06%, real estate (4.04%), banks and financial services (0.78%) and consumer goods and services (0.21%); while telecom gained 2.21%, industrials (1.25%) and insurance (0.89%) this week, which saw about 62% of the traded constituents were in the red.
Major losers included Nakilat, Milaha, Ezdan, United Development Company, Mazaya Qatar, Alijarah Holding, Qatar First Bank, Dlala, Islamic Holding Group, Qatar German Company for Medical Devices, Salam International Investment, Medicare Group, Gulf International Services, Mesaieed Petrochemical Holding and Qamco; while Qatar National Cement, Qatari Investors Group, Industries Qatar, Aamal Company, Qatar Insurance, Al Khaleej Takaful, Ooredoo and Vodafone Qatar were among the gainers.
Trade turnover and volumes were on the decline this week which saw real estate sector account for about 38% of the total trading volume, industrials (26%), consumer goods and services (14%), banks and financial services (9%), transport (7%), insurance (4%) and telecom (3%).
In value, the real estate sector’s share was 23%, banks and financial services (22%), industrials (21%), consumer goods and services (14%), transport (12%), insurance (5%) and telecom (3%) this week.
Foreign institutions’ net selling grew marginally to QR109.68mn compared to QR109.09mn the week ended May 7.
The Arab institutions turned net sellers to the tune of QR3.59mn against net buyers of QR0.18mn the previous week.
Domestic institutions’ net buying declined influentially to QR99.99mn compared to QR164.14mn a week ago.
The Gulf institutions’ net buying eased substantially to QR7.03mn against QR12.25mn the week ended May 7.
However, Arab individuals were net buyers to the tune of QR4.37mn compared with net sellers of QR5.02mn the previous week.
Local retail investors were also net buyers to the extent of QR3.28mn against net sellers of QR49.02mn a week ago.
Foreign individuals turned net buyers to the tune of QR0.12mn compared with net sellers of QR4.82mn the week ended May 7.
The Gulf individuals’ net profit booking fell noticeably to QR1.72mn against QR8.64mn the previous week.
Total trading volume fell 33% to 970.94mn shares, value by 22% to QR1.56bn and transactions by 18% to 45,212.
The banks and financial services sector saw 64% plunge in trade volume to 83.43mn equities, 39% in value to QR337.56mn and 29% in deals to 11,758.
The industrials sector’s trade volume plummeted 36% to 250.49mn stocks, value by 22% to QR332.45mn and transactions by 30% to 8,396.
The market witnessed 33% shrinkage in the consumer goods sector’s trade volume to 133.62mn shares, 8% in value % to QR218.19mn and 7% in deals to 5,696.
The real estate sector’s trade volume tanked 28% to 368.38mn equities, value by 23% to QR366.83mn and transactions by 1% to 8,851.
However, there was 18% surge in the telecom sector’s trade volume to 27.99mn stocks but on 20% decline in value to QR53.74mn and 44% in deals to 2,075.
The insurance sector’s trade volume shot up 10% to 35.32mn shares and value by 13% to QR70.46mn on more than doubled transactions to 4,078.
The transport sector saw 3% jump in trade volume to 71.71mn equities but on 3% fall in value to 183.13mn and 23% in deals to 4,628.
