Domestic institutions were increasingly net buyers on the Qatar Stock Exchange (QSE) this week which otherwise saw the country re-impose Covid-19-related restrictions to combat the spread of the suspected second wave of the pandemic.
Apprehensions over the restrictions had its effect as the bourse closed in the negative this week which nevertheless saw domestic institutions increasingly into net buying.
Local retail investors’ substantially weakened net profit booking notwithstanding, the 20-stock Qatar Index settled 113 points or 1.07% lower this week which saw the QSE’s strategic session with the Qatar Financial Market Authority, where it outlined a three-year roadmap that includes plans to launch derivatives.
Arab and foreign individuals turned bullish this week, which saw the Qatar Financial Centre find an apparent sustained recovery in Doha's non-oil sector in January 2021, with business activity and new business registering the sharpest jump, employment growth sustaining momentum for the fourth month and output expectations remaining positive.
About 56% of the traded constituents were in the red this week which saw Capital Intelligence Ratings affirm the long-term foreign currency rating (LT FCR) and long-term local currency rating (LT LCR) of Qatar at ‘AA-’.
The consumer goods, insurance and industrials counters witnessed higher than average selling pressure this week which saw Qatar’s port sector begin 2021 on a stronger note with transshipment volumes growing by a robust 89% year-on-year this January.
Gulf individuals and foreign investors were net profit takers this week which saw Widam Food plan to import as much as QR150mn worth livestock and chilled meat from Sudan in the current year.
The Islamic equities were seen declining slower than the conventional ones this week which saw a total of 2.89mn Masraf Al Rayan-sponsored exchange traded fund QATR valued at QR6.98mn change hands across 305 transactions.
Market capitalisation saw about QR9bn or 1.46% decline to QR603.55bn, mainly on large and midcap segments this week which saw a total of 37,944 Doha Bank-sponsored QETF valued at QR392,894 trade across 10 deals.
The Arab institutions were net buyers, albeit at lower levels, this week which saw Qatar’s automobiles sector witness the new sales grow faster than the used vehicles segment in December 2020; indicating demand regeneration in the economy.
Gulf institutions turned net sellers to the tune of QR18.8mn against net buyers of QR13.9mn the previous week.
Foreign institutions were net sellers to the extent of QR13.12mn compared with net buyers of QR66.93mn a week ago.
Gulf individuals’ net buying declined perceptibly to QR0.2mn against QR3.09mn the week ended January 28.
However, domestic funds’ net buying shot up considerably to QR46.41mn compared to QR22.13mn the previous week.
Arab individuals were net buyers to the tune of QR13.12mn against net sellers of QR7.47mn a week ago.
Foreign individuals turned net buyers to the extent of QR10.18mn compared with net sellers of QR0.51mn the week ended January 28.
Arab institutions were net buyers to the tune of QR0.63mn against net sellers of QR9.53mn the previous week.
Qatari retail investors’ net profit booking fell considerably to QR38.77mn compared to QR88.56mn a week ago.
Major shakers included Qatari Investors Group, Qatari German Medical Devices, Al Khaleej Takaful, Woqod, QNB, Industries Qatar, Aamal Company, Qatar Insurance, Qamco, Mazaya Qatar, Milaha, Qatar Industrial Manufacturing, Al Meera, Mannai Corporation and Salam International Investment this week which saw Qatar’s producer price index shooting up more than 8% in December 2020 against the previous month’s level.
Nevertheless, among the gainers were Ooredoo, Qatar First Bank, Qatar National Cement, Qatar Islamic Insurance, Vodafone Qatar, Nakilat, QLM, Inma Holding, Widam Food, Gulf International Services and Barwa this week which saw the banks and industrials sectors together account for about 63% of the trading volume.
The banks and financial sector accounted for 33% of the total trading volume, industrials (30%), real estate (14%), consumer goods and services (11%), telecom (7%) and insurance and transport (3% each) this week.
In value, the banks and financial sector’s share was 48%, industrials (18%), consumer goods and services (10%), realty (9%), telecom (6%), transport (5%) and insurance (3%) this week.
Total trading volume fell 20% to 750.2mn shares, value by 24% to QR1.96bn and transactions by 12% to 44,703.
There was 72% plunge in the insurance sector’s trade volume to 21.65mn equities, 69% in value to QR64.13mn and 57% in deals to 1,672.
The consumer goods and services sector’s trade volume plummeted 46% to 79.45mn stocks, value by 37% to QR204.13mn and transactions by 33% to 4,415.
The real estate sector’ saw 39% shrinkage in trade volume to 103.35mn shares, value by 34% to QR186.9mn and deals by 21% to 5,417.
The transport sector’s trade volume tanked 26% to 22.75mn equities and value by 28% to QR98.4mn, whereas transactions were up 1% to 2,641.
The market witnessed 13% shrinkage in the telecom sector’s trade volume to 50.74mn stocks and 9% in value to QR118.15mn but on 15% growth in deals to 3,639.
However, the industrials sector’s trade volume was up 5% to 227.35mn shares, while value declined 10% to QR354.48mn and transactions by 3% to 9,074.
The banks and financial services sector saw 1% jump in trade volume to 244.9mn equities but on 15% contraction in value to QR0.93bn and 3% in deals to 17,845.
Apprehensions over the restrictions had its effect as the bourse closed in the negative this week which nevertheless saw domestic institutions increasingly into net buying.
Local retail investors’ substantially weakened net profit booking notwithstanding, the 20-stock Qatar Index settled 113 points or 1.07% lower this week which saw the QSE’s strategic session with the Qatar Financial Market Authority, where it outlined a three-year roadmap that includes plans to launch derivatives.
Arab and foreign individuals turned bullish this week, which saw the Qatar Financial Centre find an apparent sustained recovery in Doha's non-oil sector in January 2021, with business activity and new business registering the sharpest jump, employment growth sustaining momentum for the fourth month and output expectations remaining positive.
About 56% of the traded constituents were in the red this week which saw Capital Intelligence Ratings affirm the long-term foreign currency rating (LT FCR) and long-term local currency rating (LT LCR) of Qatar at ‘AA-’.
The consumer goods, insurance and industrials counters witnessed higher than average selling pressure this week which saw Qatar’s port sector begin 2021 on a stronger note with transshipment volumes growing by a robust 89% year-on-year this January.
Gulf individuals and foreign investors were net profit takers this week which saw Widam Food plan to import as much as QR150mn worth livestock and chilled meat from Sudan in the current year.
The Islamic equities were seen declining slower than the conventional ones this week which saw a total of 2.89mn Masraf Al Rayan-sponsored exchange traded fund QATR valued at QR6.98mn change hands across 305 transactions.
Market capitalisation saw about QR9bn or 1.46% decline to QR603.55bn, mainly on large and midcap segments this week which saw a total of 37,944 Doha Bank-sponsored QETF valued at QR392,894 trade across 10 deals.
The Arab institutions were net buyers, albeit at lower levels, this week which saw Qatar’s automobiles sector witness the new sales grow faster than the used vehicles segment in December 2020; indicating demand regeneration in the economy.
Gulf institutions turned net sellers to the tune of QR18.8mn against net buyers of QR13.9mn the previous week.
Foreign institutions were net sellers to the extent of QR13.12mn compared with net buyers of QR66.93mn a week ago.
Gulf individuals’ net buying declined perceptibly to QR0.2mn against QR3.09mn the week ended January 28.
However, domestic funds’ net buying shot up considerably to QR46.41mn compared to QR22.13mn the previous week.
Arab individuals were net buyers to the tune of QR13.12mn against net sellers of QR7.47mn a week ago.
Foreign individuals turned net buyers to the extent of QR10.18mn compared with net sellers of QR0.51mn the week ended January 28.
Arab institutions were net buyers to the tune of QR0.63mn against net sellers of QR9.53mn the previous week.
Qatari retail investors’ net profit booking fell considerably to QR38.77mn compared to QR88.56mn a week ago.
Major shakers included Qatari Investors Group, Qatari German Medical Devices, Al Khaleej Takaful, Woqod, QNB, Industries Qatar, Aamal Company, Qatar Insurance, Qamco, Mazaya Qatar, Milaha, Qatar Industrial Manufacturing, Al Meera, Mannai Corporation and Salam International Investment this week which saw Qatar’s producer price index shooting up more than 8% in December 2020 against the previous month’s level.
Nevertheless, among the gainers were Ooredoo, Qatar First Bank, Qatar National Cement, Qatar Islamic Insurance, Vodafone Qatar, Nakilat, QLM, Inma Holding, Widam Food, Gulf International Services and Barwa this week which saw the banks and industrials sectors together account for about 63% of the trading volume.
The banks and financial sector accounted for 33% of the total trading volume, industrials (30%), real estate (14%), consumer goods and services (11%), telecom (7%) and insurance and transport (3% each) this week.
In value, the banks and financial sector’s share was 48%, industrials (18%), consumer goods and services (10%), realty (9%), telecom (6%), transport (5%) and insurance (3%) this week.
Total trading volume fell 20% to 750.2mn shares, value by 24% to QR1.96bn and transactions by 12% to 44,703.
There was 72% plunge in the insurance sector’s trade volume to 21.65mn equities, 69% in value to QR64.13mn and 57% in deals to 1,672.
The consumer goods and services sector’s trade volume plummeted 46% to 79.45mn stocks, value by 37% to QR204.13mn and transactions by 33% to 4,415.
The real estate sector’ saw 39% shrinkage in trade volume to 103.35mn shares, value by 34% to QR186.9mn and deals by 21% to 5,417.
The transport sector’s trade volume tanked 26% to 22.75mn equities and value by 28% to QR98.4mn, whereas transactions were up 1% to 2,641.
The market witnessed 13% shrinkage in the telecom sector’s trade volume to 50.74mn stocks and 9% in value to QR118.15mn but on 15% growth in deals to 3,639.
However, the industrials sector’s trade volume was up 5% to 227.35mn shares, while value declined 10% to QR354.48mn and transactions by 3% to 9,074.
The banks and financial services sector saw 1% jump in trade volume to 244.9mn equities but on 15% contraction in value to QR0.93bn and 3% in deals to 17,845.
