Foreign funds and the Arab individuals were seen net buyers in an otherwise marginally bearish Qatar Stock Exchange this week, which saw the country’s trade surplus more than triple year-on-year in April 2021.
The market capitalisation saw gains despite 0.09% decline in the 20-stock Qatar Index this week which saw Bank of America view that Doha’s liquefied natural gas expansion plans to boost the country’s real economic growth and fiscal surpluses to high single digit and mid-single digit over 2021-27.
The consumer goods, insurance and real estate counters witnessed higher than average selling pressure this week which saw a Kamco report that projected Qatar’s projects awards at $31bn this year.
The domestic funds were increasingly into net profit booking this week which saw the global credit rating agency Moody’s confirm Qatar Islamic Bank’s long term deposit rating at ‘A1’ with “stable” outlook.
The Gulf individuals were also increasingly into net selling this week which saw the Qatar First Bank exit from its equity investments in Al Rifai International Holding and Food Services Company, achieving “attractive” internal rate of returns.
The Gulf institutions’ weakened net buying interests also had its influence on the bourse this week which saw a total of 1.31mn Masraf Al Rayan sponsored exchange traded fund QATR valued at QR3.5mn change hands across 160 transactions.
The local retail investors were seen net profit takers this week which saw a total of 149,426 Doha bank-sponsored QETF valued at QR1.58mn trade across 24 deals.
Market capitalisation saw more than QR2bn or 0.34% increase to QR626.3bn, mainly on mid and small cap segments this week which saw the industrials and banking sectors together constituted about 59% of the total trade volume.
The consumer goods and services sector index shrank 1.16%, insurance (0.72%) and real estate (0.61%); whereas telecom gained 1.07%, banks and financial services (0.5%), transport (0.19%) and industrials (0.06%) this week which saw the Gulf Warehousing ink a research collaboration pact with the College of Science and Engineering at Hamad Bin Khalifa University.
Major shakers included Qatar General Insurance and Reinsurance, Barwa, Qatari German Medical Devices, Woqod, Investment Holding Group, Dlala, Qatar Oman Investment, Commercial Bank, Mannai Corporation, Qamco and Nakilat this week which saw no trading of sovereign bonds.
Nevertheless, Gulf International Services, Alijarah Holding, Aamal Company, Inma Holding, Milaha, QNB, QIIB, Qatar National Cement, Qatar Industrial Manufacturing, Ezdan, United Development Company and Ooredoo were among the gainers this week which saw no trading of treasury bills.
The overall trade turnover and volumes were on the decline this week which saw the industrials sector accounted for 38% of the total trade volume, banks and financial services (21%), consumer goods and services (19%), realty (16%), telecom (3%), and transport and insurance (1% each) this week.
In terms of value, the banks and financial services sector’s share was 36% of the total, followed by industrials (31%), consumer goods and services (13%), real estate (10%), telecom (6%), and transport and insurance (2% each) this week.
The domestic funds’ net selling increased significantly to QR146.55mn against QR49.31mn the week ended May 27.
The Gulf individuals’ net selling strengthened markedly to QR5.49mn compared to QR1.16mn the previous week.
Qatari individuals turned net sellers to the tune of QR2.11mn against net buyers of QR68.3mn a week ago.
The Arab funds turned net profit takers to the extent of QR0.17mn compared with net sellers of QR0.4mn on May 27.
The foreign individuals’ net buying decreased drastically to QR8.02mn against QR15.01mn the previous week.
The Gulf institutions’ net buying shrank notably to QR8.37mn compared to QR14.7mn a week ago.
However, the foreign funds turned net buyers to the tune of QR126.91mn against net sellers of QR45.94mn on May 27.
The Arab individuals were net buyers to the extent of QR10.56mn compared with net sellers of QR2.14mn the previous week.
Total trade volume fell 24% to 870.45mn shares, value by 31% to QR2.11bn and transactions by 13% to 48,214.
The transport sector’s trade volume plummeted 51% to 11.73mn equities, value by 50% to QR44.11mn and deals by 19% to 1,677.
The consumer goods and services sector reported 49% plunge in trade volume to 167.08mn stocks, value by 43% to QR271.2mn and transactions by 35% to 5,928.
The insurance’s sector’s trade volume tanked 34% to 10.93mn shares, value by 34% to QR35.55mn and deals by 19% to 1,111.
The market witnessed 17% shrinkage in the industrials sector’s trade volume to 328.95mn equities, 39% in value to QR659.85mn and 25% in transactions to 13,671.
The banks and financial services sector’s trade volume shrank 17% to 182.32mn stocks, value by 27% to QR756.93mn and deals by 2% to 16,592.
There was a 13% contraction in the telecom sector’s trade volume to 29.78mn shares but on 17% jump in value to QR126.55mn and 48% in transactions to 4,627.
However, the real estate sector’s trade volume was up 3% to 139.66mn equities and value by 2% to QR217.54mn; whereas deals eased 1% to 4,608.
The market capitalisation saw gains despite 0.09% decline in the 20-stock Qatar Index this week which saw Bank of America view that Doha’s liquefied natural gas expansion plans to boost the country’s real economic growth and fiscal surpluses to high single digit and mid-single digit over 2021-27.
The consumer goods, insurance and real estate counters witnessed higher than average selling pressure this week which saw a Kamco report that projected Qatar’s projects awards at $31bn this year.
The domestic funds were increasingly into net profit booking this week which saw the global credit rating agency Moody’s confirm Qatar Islamic Bank’s long term deposit rating at ‘A1’ with “stable” outlook.
The Gulf individuals were also increasingly into net selling this week which saw the Qatar First Bank exit from its equity investments in Al Rifai International Holding and Food Services Company, achieving “attractive” internal rate of returns.
The Gulf institutions’ weakened net buying interests also had its influence on the bourse this week which saw a total of 1.31mn Masraf Al Rayan sponsored exchange traded fund QATR valued at QR3.5mn change hands across 160 transactions.
The local retail investors were seen net profit takers this week which saw a total of 149,426 Doha bank-sponsored QETF valued at QR1.58mn trade across 24 deals.
Market capitalisation saw more than QR2bn or 0.34% increase to QR626.3bn, mainly on mid and small cap segments this week which saw the industrials and banking sectors together constituted about 59% of the total trade volume.
The consumer goods and services sector index shrank 1.16%, insurance (0.72%) and real estate (0.61%); whereas telecom gained 1.07%, banks and financial services (0.5%), transport (0.19%) and industrials (0.06%) this week which saw the Gulf Warehousing ink a research collaboration pact with the College of Science and Engineering at Hamad Bin Khalifa University.
Major shakers included Qatar General Insurance and Reinsurance, Barwa, Qatari German Medical Devices, Woqod, Investment Holding Group, Dlala, Qatar Oman Investment, Commercial Bank, Mannai Corporation, Qamco and Nakilat this week which saw no trading of sovereign bonds.
Nevertheless, Gulf International Services, Alijarah Holding, Aamal Company, Inma Holding, Milaha, QNB, QIIB, Qatar National Cement, Qatar Industrial Manufacturing, Ezdan, United Development Company and Ooredoo were among the gainers this week which saw no trading of treasury bills.
The overall trade turnover and volumes were on the decline this week which saw the industrials sector accounted for 38% of the total trade volume, banks and financial services (21%), consumer goods and services (19%), realty (16%), telecom (3%), and transport and insurance (1% each) this week.
In terms of value, the banks and financial services sector’s share was 36% of the total, followed by industrials (31%), consumer goods and services (13%), real estate (10%), telecom (6%), and transport and insurance (2% each) this week.
The domestic funds’ net selling increased significantly to QR146.55mn against QR49.31mn the week ended May 27.
The Gulf individuals’ net selling strengthened markedly to QR5.49mn compared to QR1.16mn the previous week.
Qatari individuals turned net sellers to the tune of QR2.11mn against net buyers of QR68.3mn a week ago.
The Arab funds turned net profit takers to the extent of QR0.17mn compared with net sellers of QR0.4mn on May 27.
The foreign individuals’ net buying decreased drastically to QR8.02mn against QR15.01mn the previous week.
The Gulf institutions’ net buying shrank notably to QR8.37mn compared to QR14.7mn a week ago.
However, the foreign funds turned net buyers to the tune of QR126.91mn against net sellers of QR45.94mn on May 27.
The Arab individuals were net buyers to the extent of QR10.56mn compared with net sellers of QR2.14mn the previous week.
Total trade volume fell 24% to 870.45mn shares, value by 31% to QR2.11bn and transactions by 13% to 48,214.
The transport sector’s trade volume plummeted 51% to 11.73mn equities, value by 50% to QR44.11mn and deals by 19% to 1,677.
The consumer goods and services sector reported 49% plunge in trade volume to 167.08mn stocks, value by 43% to QR271.2mn and transactions by 35% to 5,928.
The insurance’s sector’s trade volume tanked 34% to 10.93mn shares, value by 34% to QR35.55mn and deals by 19% to 1,111.
The market witnessed 17% shrinkage in the industrials sector’s trade volume to 328.95mn equities, 39% in value to QR659.85mn and 25% in transactions to 13,671.
The banks and financial services sector’s trade volume shrank 17% to 182.32mn stocks, value by 27% to QR756.93mn and deals by 2% to 16,592.
There was a 13% contraction in the telecom sector’s trade volume to 29.78mn shares but on 17% jump in value to QR126.55mn and 48% in transactions to 4,627.
However, the real estate sector’s trade volume was up 3% to 139.66mn equities and value by 2% to QR217.54mn; whereas deals eased 1% to 4,608.
