The Qatar Stock Exchange witnessed robust demand for the Islamic equities, even as it settled lower this week.
The increased buying interests of Gulf funds notwithstanding, the 20-stock Qatar Index settled 0.28% lower this week which saw Anoud Tech, a Qatar Insurance Company subsidiary, secure businesses in Europe and Caribbean for its ‘Anoud+’ insurance platform.
Gulf individuals and Arab institutions were seen bullish amidst an overall bearish mood this week, which saw Qatar’s three main ports witness almost tripled cargo tonnage and doubled growth in RORO and business materials handling this August.
The banking, transport and telecom counters witnessed higher than average selling pressure this week, which nevertheless saw gainers outnumber decliners.
Foreign institutions continued to be net buyers but with lesser intensity this week, which saw a total of 52,826 Masraf Al Rayan-sponsored exchange traded fund QATR valued at QR131,356 change hands across 14 deals.
Four of the seven sectors were under buying spotlight this week, which saw a total of 68,455 Doha Bank-sponsored QETF valued at QR739,987mn trade across 10 transactions.
Market capitalisation saw more than QR1bn, or 0.19%, decline to QR637.78bn, mainly on microcap segments this week, which saw the industrials, consumer goods and services and banking sectors together constitute about 86% of the total trade volume.
The Total Return Index shrank 0.28% and the All Share Index by 0.28%; whereas the All Islamic Index grew 0.23% this week, which saw no trading of sovereign bonds.
The banks and financial services index declined 0.82%, transport (0.36%) and telecom (0.34%); while industrials gained 0.83%, real estate (0.68%), insurance (0.14%) and consumer goods and services (0.02%) this week which saw no trading of treasury bills.
Major losers included Ahlibank Qatar, Zad Holding, Qatari Investors Group, Medicare Group, Commercial Bank, QNB, Qatar Islamic Bank, Masraf Al Rayan and Gulf Warehousing this week, which saw the overall trade turnover and volume on the rise.
Nevertheless, Investment Holding Group, Al Khaleej Takaful, Qatari German Medical Devices, Mannai Corporation, Widam Food, Dlala, Qatar Oman Investment, Baladna, Gulf International Services, Qatar Industrial Manufacturing, Qamco, Qatar Islamic Insurance, Ezdan, Mazaya Qatar and Vodafone Qatar were among the gainers.
The industrials sector accounted for 46% of the total trade volume, consumer goods and services (23%), banks and financial services (18%), real estate (9%), telecom and transport (2% each), and insurance (1% each).
In terms of value, the banks and financial services’ share stood at 38% of the total, industrials (33%), consumer goods and services (17%), realty (5%), telecom (4%), transport (3%) and insurance (2%).
Foreign funds’ net buying shrank significantly to QR104.82mn against QR197.56mn the week ended August 26.
Arab individuals’ net buying decreased markedly to QR5.01mn compared to QR16.13mn a week ago.
However, Gulf institutions’ net buying grew noticeably to QR10.27mn against QR5.13mn the previous week.
Gulf individuals were net buyers to the tune of QR2.4mn compared with net sellers of QR3.33mn the week ended August 26.
Foreign individuals turned net buyers to the extent of QR1.29mn against net sellers of QR1.42mn a week ago.
Arab funds were net buyers to the tune of QR0.65mn compared with no major net exposure the previous week.
Domestic funds’ net selling weakened drastically to QR97.44mn against QR148.55mn the week ended August 26.
Qatari individuals’ net profit booking fell notably to QR26.99mn compared to QR55.25mn a week ago.
Total trade volume rose 10% to 782.21mn shares, value by 8% to QR1.97bn and transactions by less than 1% to 44,177.
The industrials sector’s trade volume soared 30% to 358.2mn equities, value by 31% to QR645.75mn and deals by 21% to 13,520.
The telecom sector reported a 15% surge in trade volume to 15.41mn stocks, 37% in value to QR76.77mn and 64% in transactions to 3,280.
The consumer goods and services sector’s trade volume shot up 14% to 176.3mn shares, value by 27% to QR318.74mn and deals by 19% to 6,466.
However, there was a 43% plunge in the transport sector’s trade volume to 14.53mn equities, 46% in value to QR51.44mn and 45% in transactions to 1,389.
The insurance’s sector’s trade volume plummeted 25% to 10.29mn stocks, value by 16% to QR32.06mn and deals by 1% to 787.
The real estate sector saw a 15% contraction in trade volume to 71.73mn shares, 23% in value to QR98.25mn and 37% in transactions to 3,791.
The banks and financial services sector’s trade volume was down 6% to 135.74mn equities, value by 2% to QR746.67mn and deals by 7% to 14,944.
The increased buying interests of Gulf funds notwithstanding, the 20-stock Qatar Index settled 0.28% lower this week which saw Anoud Tech, a Qatar Insurance Company subsidiary, secure businesses in Europe and Caribbean for its ‘Anoud+’ insurance platform.
Gulf individuals and Arab institutions were seen bullish amidst an overall bearish mood this week, which saw Qatar’s three main ports witness almost tripled cargo tonnage and doubled growth in RORO and business materials handling this August.
The banking, transport and telecom counters witnessed higher than average selling pressure this week, which nevertheless saw gainers outnumber decliners.
Foreign institutions continued to be net buyers but with lesser intensity this week, which saw a total of 52,826 Masraf Al Rayan-sponsored exchange traded fund QATR valued at QR131,356 change hands across 14 deals.
Four of the seven sectors were under buying spotlight this week, which saw a total of 68,455 Doha Bank-sponsored QETF valued at QR739,987mn trade across 10 transactions.
Market capitalisation saw more than QR1bn, or 0.19%, decline to QR637.78bn, mainly on microcap segments this week, which saw the industrials, consumer goods and services and banking sectors together constitute about 86% of the total trade volume.
The Total Return Index shrank 0.28% and the All Share Index by 0.28%; whereas the All Islamic Index grew 0.23% this week, which saw no trading of sovereign bonds.
The banks and financial services index declined 0.82%, transport (0.36%) and telecom (0.34%); while industrials gained 0.83%, real estate (0.68%), insurance (0.14%) and consumer goods and services (0.02%) this week which saw no trading of treasury bills.
Major losers included Ahlibank Qatar, Zad Holding, Qatari Investors Group, Medicare Group, Commercial Bank, QNB, Qatar Islamic Bank, Masraf Al Rayan and Gulf Warehousing this week, which saw the overall trade turnover and volume on the rise.
Nevertheless, Investment Holding Group, Al Khaleej Takaful, Qatari German Medical Devices, Mannai Corporation, Widam Food, Dlala, Qatar Oman Investment, Baladna, Gulf International Services, Qatar Industrial Manufacturing, Qamco, Qatar Islamic Insurance, Ezdan, Mazaya Qatar and Vodafone Qatar were among the gainers.
The industrials sector accounted for 46% of the total trade volume, consumer goods and services (23%), banks and financial services (18%), real estate (9%), telecom and transport (2% each), and insurance (1% each).
In terms of value, the banks and financial services’ share stood at 38% of the total, industrials (33%), consumer goods and services (17%), realty (5%), telecom (4%), transport (3%) and insurance (2%).
Foreign funds’ net buying shrank significantly to QR104.82mn against QR197.56mn the week ended August 26.
Arab individuals’ net buying decreased markedly to QR5.01mn compared to QR16.13mn a week ago.
However, Gulf institutions’ net buying grew noticeably to QR10.27mn against QR5.13mn the previous week.
Gulf individuals were net buyers to the tune of QR2.4mn compared with net sellers of QR3.33mn the week ended August 26.
Foreign individuals turned net buyers to the extent of QR1.29mn against net sellers of QR1.42mn a week ago.
Arab funds were net buyers to the tune of QR0.65mn compared with no major net exposure the previous week.
Domestic funds’ net selling weakened drastically to QR97.44mn against QR148.55mn the week ended August 26.
Qatari individuals’ net profit booking fell notably to QR26.99mn compared to QR55.25mn a week ago.
Total trade volume rose 10% to 782.21mn shares, value by 8% to QR1.97bn and transactions by less than 1% to 44,177.
The industrials sector’s trade volume soared 30% to 358.2mn equities, value by 31% to QR645.75mn and deals by 21% to 13,520.
The telecom sector reported a 15% surge in trade volume to 15.41mn stocks, 37% in value to QR76.77mn and 64% in transactions to 3,280.
The consumer goods and services sector’s trade volume shot up 14% to 176.3mn shares, value by 27% to QR318.74mn and deals by 19% to 6,466.
However, there was a 43% plunge in the transport sector’s trade volume to 14.53mn equities, 46% in value to QR51.44mn and 45% in transactions to 1,389.
The insurance’s sector’s trade volume plummeted 25% to 10.29mn stocks, value by 16% to QR32.06mn and deals by 1% to 787.
The real estate sector saw a 15% contraction in trade volume to 71.73mn shares, 23% in value to QR98.25mn and 37% in transactions to 3,791.
The banks and financial services sector’s trade volume was down 6% to 135.74mn equities, value by 2% to QR746.67mn and deals by 7% to 14,944.
