The Qatar Stock Exchange (QSE) overcame the pullback pressure from ex-dividend trading of certain equities as it overall gained a massive 221 points in the key index and about QR15bn in capitalisation this week.
Reflecting the strengthening trends in the global energy markets, the local bourse surged 2.21% this week which saw the QSE decide to rejig its 20-stock Qatar Index by including Qatar First Bank (QFB) and Mazaya Qatar in place of Doha Bank and Aamal Company, effective from April 1.
An across the board buying – especially insurance, transport, industrials and consumer goods – was instrumental in lifting the sentiments this week which saw the QFB’s proposed entry into Al Rayan Islamic Index.
Foreign institutions turned bullish and there was weakened net selling pressure from the local retail investors this week which saw Qatar Electricity and Water Company’s intention to build a new plan in 2027 with a capacity of 2,600MW power and 100 MIGD water.
Arab funds were also seen increasingly net buyers this week which saw the Gulf International Services hold a positive medium term outlook as it undertake debt restructuring.
As much as 73% of the traded constituents extended gains to investors this week which saw Barwa plan to monetise its land assets as part of efforts to boost revenues in 2021.
The Islamic index was seen gaining slower than the other indices this week which saw Focus Economic forecast that Qatar’s gross domestic product to reach $201bn by 2025.
Nevertheless, the domestic funds and foreign individuals were seen bearish this week which saw a total of 424,030 Masraf Al Rayan-sponsored exchange traded fund QATR valued at QR1.02mn change hands across 65 transactions.
Market capitalisation saw 2.5% accretion to QR594.13bn, mainly on large and midcap segments this week which saw a total of 739,082 Doha Bank-sponsored QETF valued at QR7.53mn trade across 96 deals.
Major gainers included Industries Qatar, Investment Holding Group, Qatar Insurance, Qatar National Cement, Vodafone Qatar, Aamal Company, Milaha, QNB, QIIB, Qatar Islamic Bank, Alijarah Holding, Inma Holding, Mesaieed Petrochemical Holding, Qatar General Insurance and Reinsurance and Al Khaleej Takaful this week which saw Zad Holding report QR201mn net profit in 2020.
Nevertheless, QLM, Barwa, Qatari German Medical Devices, QEWC, Medicare Group, Ahlibank Qatar and Baladna were among the losers this week which saw the industrials and consumer goods and services sectors together account for more than three-fourth of the trading volume.
The industrials sector accounted for 53% of the total trading volume, consumer goods and services (22%), banks and financial services (13%), real estate (6%), telecom (3%), and insurance transport (1% each) this week.
In value, the industrials sector’s share was 34%, banks and financial services (32%), consumer goods and services (15%), realty (7%), telecom (5%), transport (4%) and insurance (3%) this week.
Foreign funds turned net buyers to the tune of QR82.76mn compared with net sellers of QR100.24mn the previous week.
Arab institutions’ net buying grew perceptibly to QR2.27mn against QR0.88mn the week ended March 4.
Local retail investors’ net selling shrank markedly to QR34.68mn compared to QR41.09mn a week ago.
However, domestic funds were net sellers to the tune of QR18.72mn against net buyers of QR76.96mn the previous week.
Foreign individuals were net sellers to the extent of QR15.49mn compared with net buyers of QR10.69mn the week ended March 4.
The Gulf institutions turned net sellers to the tune of QR7.86mn against net buyers of QR52.26mn a week ago.
The Arab individuals were net sellers to the extent of QR6.7mn compared with net buyers of QR1.19mn the previous week.
The Gulf individuals’ net profit booking rose notably to QR1.62mn against QR0.48mn the week ended March 4.
Total trading volume rose 27% to 1.49bn shares, while value fell 3% to QR2.31bn and transactions by 16% to 51,258.
The consumer goods and services sector’s trade volume more than doubled to 327.27mn equities, value gained 20% to QR346.39mn and deals by 6% to 8,333.
The telecom sector’s trade volume more than doubled to 50.61mn stocks and value shot up 11% to QR123.39mn, while transactions declined 14% to 4,537.
The banks and financial services sector saw 16% surge in trade volume to 198.88mn shares but on 11% shrinkage in value to QR732.47mn and 22% in deals to 14,318.
The industrials sector’s trade volume soared 16% to 783.7mn equities and value by 9% to QR775.89mn; whereas transactions shrank 14% to 15,109.
However, there was 49% plunge in the insurance sector’s trade volume to 21.88mn stocks, 55% in value to QR72.58mn and 49% in deals to 1,743.
The transport sector’s trade volume tanked 33% to 17.26mn shares, value by 7% to QR95.77mn and transactions by 23% to 2,404.
The market witnessed 1% drop in the real estate sector’s trade volume to 90.73mn equities, 4% in value to QR165.21mn and 11%in deals to 4,814.
Reflecting the strengthening trends in the global energy markets, the local bourse surged 2.21% this week which saw the QSE decide to rejig its 20-stock Qatar Index by including Qatar First Bank (QFB) and Mazaya Qatar in place of Doha Bank and Aamal Company, effective from April 1.
An across the board buying – especially insurance, transport, industrials and consumer goods – was instrumental in lifting the sentiments this week which saw the QFB’s proposed entry into Al Rayan Islamic Index.
Foreign institutions turned bullish and there was weakened net selling pressure from the local retail investors this week which saw Qatar Electricity and Water Company’s intention to build a new plan in 2027 with a capacity of 2,600MW power and 100 MIGD water.
Arab funds were also seen increasingly net buyers this week which saw the Gulf International Services hold a positive medium term outlook as it undertake debt restructuring.
As much as 73% of the traded constituents extended gains to investors this week which saw Barwa plan to monetise its land assets as part of efforts to boost revenues in 2021.
The Islamic index was seen gaining slower than the other indices this week which saw Focus Economic forecast that Qatar’s gross domestic product to reach $201bn by 2025.
Nevertheless, the domestic funds and foreign individuals were seen bearish this week which saw a total of 424,030 Masraf Al Rayan-sponsored exchange traded fund QATR valued at QR1.02mn change hands across 65 transactions.
Market capitalisation saw 2.5% accretion to QR594.13bn, mainly on large and midcap segments this week which saw a total of 739,082 Doha Bank-sponsored QETF valued at QR7.53mn trade across 96 deals.
Major gainers included Industries Qatar, Investment Holding Group, Qatar Insurance, Qatar National Cement, Vodafone Qatar, Aamal Company, Milaha, QNB, QIIB, Qatar Islamic Bank, Alijarah Holding, Inma Holding, Mesaieed Petrochemical Holding, Qatar General Insurance and Reinsurance and Al Khaleej Takaful this week which saw Zad Holding report QR201mn net profit in 2020.
Nevertheless, QLM, Barwa, Qatari German Medical Devices, QEWC, Medicare Group, Ahlibank Qatar and Baladna were among the losers this week which saw the industrials and consumer goods and services sectors together account for more than three-fourth of the trading volume.
The industrials sector accounted for 53% of the total trading volume, consumer goods and services (22%), banks and financial services (13%), real estate (6%), telecom (3%), and insurance transport (1% each) this week.
In value, the industrials sector’s share was 34%, banks and financial services (32%), consumer goods and services (15%), realty (7%), telecom (5%), transport (4%) and insurance (3%) this week.
Foreign funds turned net buyers to the tune of QR82.76mn compared with net sellers of QR100.24mn the previous week.
Arab institutions’ net buying grew perceptibly to QR2.27mn against QR0.88mn the week ended March 4.
Local retail investors’ net selling shrank markedly to QR34.68mn compared to QR41.09mn a week ago.
However, domestic funds were net sellers to the tune of QR18.72mn against net buyers of QR76.96mn the previous week.
Foreign individuals were net sellers to the extent of QR15.49mn compared with net buyers of QR10.69mn the week ended March 4.
The Gulf institutions turned net sellers to the tune of QR7.86mn against net buyers of QR52.26mn a week ago.
The Arab individuals were net sellers to the extent of QR6.7mn compared with net buyers of QR1.19mn the previous week.
The Gulf individuals’ net profit booking rose notably to QR1.62mn against QR0.48mn the week ended March 4.
Total trading volume rose 27% to 1.49bn shares, while value fell 3% to QR2.31bn and transactions by 16% to 51,258.
The consumer goods and services sector’s trade volume more than doubled to 327.27mn equities, value gained 20% to QR346.39mn and deals by 6% to 8,333.
The telecom sector’s trade volume more than doubled to 50.61mn stocks and value shot up 11% to QR123.39mn, while transactions declined 14% to 4,537.
The banks and financial services sector saw 16% surge in trade volume to 198.88mn shares but on 11% shrinkage in value to QR732.47mn and 22% in deals to 14,318.
The industrials sector’s trade volume soared 16% to 783.7mn equities and value by 9% to QR775.89mn; whereas transactions shrank 14% to 15,109.
However, there was 49% plunge in the insurance sector’s trade volume to 21.88mn stocks, 55% in value to QR72.58mn and 49% in deals to 1,743.
The transport sector’s trade volume tanked 33% to 17.26mn shares, value by 7% to QR95.77mn and transactions by 23% to 2,404.
The market witnessed 1% drop in the real estate sector’s trade volume to 90.73mn equities, 4% in value to QR165.21mn and 11%in deals to 4,814.