The Qatar Stock Exchange settled in the positive trajectory, having gained 57 points to surpass 10,750 levels this week, which however saw shakers outnumber gainers by a wide margin.
Foreign institutions were seen bullish as the 20-stock Qatar Index settled 0.53% higher this week which Commercial Bank reports QR1.33bn net profit in the first half (H1) of this year.
The increased buying interests of the Gulf institutions also had its role in lifting the sentiments in the market this week which saw Ooredoo report H1 revenues of QR14.5bn.
The banking and insurance counters witnessed higher than average demand this week which saw Doha Bank and QIIB H1 net profit at QR614.39mn and QR543.9mn respectively.
However, local retail investors and domestic funds were seen net profit takers this week which saw Barwa and United Development Company register QR532.69mn and QR136mn respectively in H1 2021.
The Arab individuals were increasingly net sellers this week which saw Gulf Warehousing and Qatar National Cement report QR108.34mn and QR94.28mn in H1 2021.
The Gulf and foreign individuals were net sellers this week which saw a total of 129,347 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR312,848 change hands across 28 deals.
The Islamic index was seen declining vis-a-vis gains in the other indices this week which saw a total of 73,575 Doha bank-sponsored QETF valued at QR775,343 trade across 12 transactions.
Market capitalisation saw about QR3bn or 0.45% erosion to QR621.6bn, mainly on mid and small cap segments this week which saw the industrials, consumer goods and services and banking sectors together constitute about 77% of the total trade volume.
The banks index shot up 1.31%, insurance (1.08%), transport (0.48%), consumer goods and services (0.45%) and industrials (0.27%); whereas real estate and telecom declined 1.94% and 1.91% respectively this week which saw no trading of sovereign bonds.
Major gainers included Doha Bank, Industries Qatar, QNB, Qatar Insurance, Ahlibank Qatar, QLM, QNB, Qatar Islamic Bank, Woqod, Al Meera, Qatar Industrial Manufacturing, Mesaieed Petrochemical Holding, Qamco, QLM and Nakilat this week which saw no trading treasury bills.
The overall trade turnover fell amidst almost flat volumes this week which saw the industrials account for 29% of the total trade volume, consumer goods and services 25%, banks and financial services (23%), real estate (12%), transport (5%), and telecom and insurance (3% each).
In terms of value, the banks and financial services sector’s share was 43% of the total, industrials (21%), consumer goods and services (15%), realty (7%), transport (6%), telecom (5%) and insurance (3%) this week.
Foreign funds turned net buyers to the tune of QR78.11mn compared with net sellers of QR69.21mn the week ended July 15.
The Gulf institutions’ net buying grew noticeably to QR37.88mn against QR29.43mn the previous trading week.
However, Qatari individuals were net sellers to the extent of QR83.86mn compared with net buyers of QR16.12mn two weeks ago. The bourse was closed in the previous week due to Eid holidays.
The Arab individuals’ net selling shot up considerably to QR13.27mn against QR5.91mn the week ended July 15.
Domestic funds turned net sellers to the tune of QR12.73mn compared with net buyers of QR24.62mn the previous trading week.
Foreign individuals were net sellers to the extent of QR5.36mn against net buyers of QR1.91mn two weeks ago.
The Gulf turned net sellers to the tune of QR0.71mn compared with net buyers of QR3.05mn the week ended July 15.
The Arab institutions’ net profit booking grew marginally to QR0.09mn against QR0.01mn the previous trading week.
Total trade volume fell less than 1% to 448.52mn shares and value by 1% to QR1.27bn while transactions rose 25% to 39,467.
The insurance’s sector’s trade volume more than tripled to 14.63mn equities and value more than doubled to QR41.9mn on almost doubled deals to 1,046.
The banks and financial services sector saw 30% surge in trade volume to 103.01mn stocks, 14% in value to QR549.1mn and 70% in transactions to 15,584.
The consumer goods and services sector’s trade volume was up 5% to 111.35mn shares, while value shrank 9% to QR190.32mn and deals by 4% to 4,624.
However, the market witnessed 34% plunge in the telecom sector’s trade volume to 12.83mn equities and 26% in value to QR58.44mn but on 8% jump in transactions to 3,950.
The transport sector’s trade volume plummeted 33% to 21.58mn stocks and value by 30% to QR80.32mn; whereas deals increased 20% to 3,140.
There was 24% shrinkage in the real estate sector’s trade volume to 55.68mn shares, 19% in value to QR85.8mn and 6% in transactions to 3,143.
The industrials sector’s trade volume was down 4% to 129.43mn equities and value by 7% to QR264.51mn, while deals shot up 7% to 7,980.