The precipitous gain after the government announced the gradual easing of the Covid-19 restrictions had its profound effect in lifting the sentiments on the Qatar Stock Exchange, especially in the latter part of this week.
Foreign institutions’ substantially weakened net selling pressure and foreign individuals’ bullish outlook led the 20-stock Qatar Index settle 0.65% high this week which saw the global credit rating agency Standard and Poor’s view that Qatar’s government debt-gross domestic product ratio to be the lowest among the Gulf countries this year.
The industrials, consumer goods and real estate counters witnessed higher than average demand this week which saw Qatar’s industrial production index rise 1.4% month-on-month this March.
More than 54% of the traded constituents extended gains to the investors this Doha Bank ink a liquidity provisioning agreement with the Group Securities.
The Arab funds were seen marginally bullish this week which saw Qatar’s commercial bank report about 12% year-on-year growth in assets in April 2021 on the back of double-digit expansion in credit to the public sector an domestic debt.
The weakened net profit booking of the Gulf individuals also had its say in the bourse this week which saw a total of 1.15mn Masraf Al Rayan sponsored exchange traded fund QATR valued at QR2.9mn change hands across 98 transactions.
The domestic funds and the Arab individuals were however seen net sellers this week which saw a total of 369,469 Doha bank-sponsored QETF valued at QR3.86mn trade across 54 deals.
Market capitalisation saw more than QR2bn or 0.33% increase to QR624.19bn, mainly on microcap segments this week which saw the industrials and consumer goods sectors together constituted about 63% of the total trade volume.
The industrials sector index gained 2.03%, consumer goods and services (1.66%) and real estate (1.16%); whereas telecom shrank 1.58%, insurance (0.45%), transport (0.44%) and banks and financial services (0.23%) this week which saw the Qatari bourse accord top priority to digitalisation.
Major gainers included Salam International Investment, Investment Holding Group, Al Khaleej Takaful, Barwa, Industries Qatar, Dlala, Woqod, Al Meera Consumer Goods, Aamal Company, QLM, Nakilat and Gulf Warehousing this week which saw Qamco's 50% owned joint venture Qatalum sign a pact with General Electric to provide five advanced gas path upgrade sets, maintenance services for a period of 15 years for equipment at its power plant and a suite of cybersecurity solutions.
Nevertheless, Ooredoo, Milaha, Mannai Corporation, Doha Bank, Qatar General Insurance and Reinsurance, Qatari Investors Group, Alijarah Holding, Baladna, Gulf International Services and Qamco were among the losers this week.
The industrials sector accounted for 34% of the total trade volume, consumer goods and services (28%), banks and financial services (19%), realty (12%), telecom (3%), transport (2%) and insurance (1%) this week.
In terms of value, the industrials sector’s share stood at 35% of the total, banks and financial services (34%), consumer goods and services (15%), real estate (7%), telecom (4%), transport (3%) and insurance (2%) this week.
The foreign individuals’ net buying increased drastically to QR15.01mn against QR1.71mn the week ended May 20.
The Arab funds turned net sellers to the tune of QR0.4mn compared with net profit takers of QR0.15mn a week ago.
The foreign institutions’ net selling declined substantially to QR45.94mn against QR202.46mn the previous week.
The Gulf individuals’ net selling eased marginally to QR1.16mn compared to QR1.52mn the week ended May 20.
However, the domestic funds were net sellers to the extent of QR49.31mn against net buyers of QR73.62mn a week ago.
The Arab individuals turned net sellers to the tune of QR2.14mn compared with net buyers of QR27.89mn the previous week.
Qatari investors’ net buying weakened significantly to QR68.3mn against QR80.64mn the week ended May 20.
The Gulf institutions’ net buying shrank notably to QR14.7mn compared to QR20.11mn a week ago.
Total trade volume rose 46% to 1.15bn shares, value by 61% to QR3.06bn and transactions by 21% to 55,450.
The transport sector’s trade volume more than doubled to 23.88mn equities and value also more than doubled to QR88.87mn on 26% growth ion deals to 2,062.
The telecom sector’s trade volume more than doubled to 34.17mn stocks and value almost doubled to QR108.5mn on 60% increase in transactions to 3,120.
The consumer goods and services sector’s trade volume more than doubled to 327.28mn shares and value also more than doubled to QR475.36mn on 61% expansion in deals to 9,069.
The insurance’s sector reported 70% surge in trade volume to 16.54mn equities, 61% in value to QR53.92mn and 48% in transactions to 1,379.
The industrials sector’s trade volume soared 47% to 394.86mn stocks, value by 55% to QR1.09bn and deals by 14% to 18,259.
The banks and financial services sector saw 38% expansion in trade volume to 219.75mn shares, 74% in value to QR1.04bn and 11% in transactions to 16,900.
However, the market witnessed 22% shrinkage in the real estate sector’s trade volume to 135.2mn equities and 16% in value to QR213mn but on 6% jump in deals to 4,661.
Foreign institutions’ substantially weakened net selling pressure and foreign individuals’ bullish outlook led the 20-stock Qatar Index settle 0.65% high this week which saw the global credit rating agency Standard and Poor’s view that Qatar’s government debt-gross domestic product ratio to be the lowest among the Gulf countries this year.
The industrials, consumer goods and real estate counters witnessed higher than average demand this week which saw Qatar’s industrial production index rise 1.4% month-on-month this March.
More than 54% of the traded constituents extended gains to the investors this Doha Bank ink a liquidity provisioning agreement with the Group Securities.
The Arab funds were seen marginally bullish this week which saw Qatar’s commercial bank report about 12% year-on-year growth in assets in April 2021 on the back of double-digit expansion in credit to the public sector an domestic debt.
The weakened net profit booking of the Gulf individuals also had its say in the bourse this week which saw a total of 1.15mn Masraf Al Rayan sponsored exchange traded fund QATR valued at QR2.9mn change hands across 98 transactions.
The domestic funds and the Arab individuals were however seen net sellers this week which saw a total of 369,469 Doha bank-sponsored QETF valued at QR3.86mn trade across 54 deals.
Market capitalisation saw more than QR2bn or 0.33% increase to QR624.19bn, mainly on microcap segments this week which saw the industrials and consumer goods sectors together constituted about 63% of the total trade volume.
The industrials sector index gained 2.03%, consumer goods and services (1.66%) and real estate (1.16%); whereas telecom shrank 1.58%, insurance (0.45%), transport (0.44%) and banks and financial services (0.23%) this week which saw the Qatari bourse accord top priority to digitalisation.
Major gainers included Salam International Investment, Investment Holding Group, Al Khaleej Takaful, Barwa, Industries Qatar, Dlala, Woqod, Al Meera Consumer Goods, Aamal Company, QLM, Nakilat and Gulf Warehousing this week which saw Qamco's 50% owned joint venture Qatalum sign a pact with General Electric to provide five advanced gas path upgrade sets, maintenance services for a period of 15 years for equipment at its power plant and a suite of cybersecurity solutions.
Nevertheless, Ooredoo, Milaha, Mannai Corporation, Doha Bank, Qatar General Insurance and Reinsurance, Qatari Investors Group, Alijarah Holding, Baladna, Gulf International Services and Qamco were among the losers this week.
The industrials sector accounted for 34% of the total trade volume, consumer goods and services (28%), banks and financial services (19%), realty (12%), telecom (3%), transport (2%) and insurance (1%) this week.
In terms of value, the industrials sector’s share stood at 35% of the total, banks and financial services (34%), consumer goods and services (15%), real estate (7%), telecom (4%), transport (3%) and insurance (2%) this week.
The foreign individuals’ net buying increased drastically to QR15.01mn against QR1.71mn the week ended May 20.
The Arab funds turned net sellers to the tune of QR0.4mn compared with net profit takers of QR0.15mn a week ago.
The foreign institutions’ net selling declined substantially to QR45.94mn against QR202.46mn the previous week.
The Gulf individuals’ net selling eased marginally to QR1.16mn compared to QR1.52mn the week ended May 20.
However, the domestic funds were net sellers to the extent of QR49.31mn against net buyers of QR73.62mn a week ago.
The Arab individuals turned net sellers to the tune of QR2.14mn compared with net buyers of QR27.89mn the previous week.
Qatari investors’ net buying weakened significantly to QR68.3mn against QR80.64mn the week ended May 20.
The Gulf institutions’ net buying shrank notably to QR14.7mn compared to QR20.11mn a week ago.
Total trade volume rose 46% to 1.15bn shares, value by 61% to QR3.06bn and transactions by 21% to 55,450.
The transport sector’s trade volume more than doubled to 23.88mn equities and value also more than doubled to QR88.87mn on 26% growth ion deals to 2,062.
The telecom sector’s trade volume more than doubled to 34.17mn stocks and value almost doubled to QR108.5mn on 60% increase in transactions to 3,120.
The consumer goods and services sector’s trade volume more than doubled to 327.28mn shares and value also more than doubled to QR475.36mn on 61% expansion in deals to 9,069.
The insurance’s sector reported 70% surge in trade volume to 16.54mn equities, 61% in value to QR53.92mn and 48% in transactions to 1,379.
The industrials sector’s trade volume soared 47% to 394.86mn stocks, value by 55% to QR1.09bn and deals by 14% to 18,259.
The banks and financial services sector saw 38% expansion in trade volume to 219.75mn shares, 74% in value to QR1.04bn and 11% in transactions to 16,900.
However, the market witnessed 22% shrinkage in the real estate sector’s trade volume to 135.2mn equities and 16% in value to QR213mn but on 6% jump in deals to 4,661.