Industrials, telecom stocks propel benchmark above 11,200-mark
September 25 2021 12:30 AM

The Qatar Stock Exchange (QSE) saw its key index settle above 11,200 points this week as about 13% constituents either reached or neared their 52-week high.
The Gulf funds were increasingly net buyers as the 20-stock Qatar Index rose 0.53% this week, which saw the country’s industrial production index expand 1.2% month-on-month in July.
Both Gulf and local retail investors were seen net buyers this week, which saw QSE chief executive Rashid bin Ali al-Mansoori say that the bourse has promising potential for higher returns by integrating environment, social and governance (ESG) principles across investment spectrum.
The industrials and telecom counters witnessed higher than average demand this week, which saw the Qatar Central Bank outline that the consumer and commercial delinquency had declined in 2020.
The domestic funds’ net selling pressure weakened substantially this week, which saw Industries Qatar (IQ), Qamco, QNB, Commercial Bank, QIIB and Qatari German Medical Devices either touch or near 52-week highs.
Amidst an overall bullish momentum, the shakers outnumbered gainers this week, which saw a total of 58,081 QATR valued at QR146,551 change hands across 21 deals.
The Islamic index was seen gaining faster than the conventional indices this week, which saw a total of 300,044 Doha Bank-sponsored QETF valued at QR3.27mn trade across 35 transactions.
Market capitalisation saw about QR3bn or 0.44% jump to QR648.91bn, mainly on large and small cap segments this week, which saw the industrials and banking sectors together constitute about 67% of the total trade volume.
The Total Return Index rose 0.53%, the All Share Index by 0.25% and the All Islamic Index by 0.69% this week, which saw no trading of sovereign bonds.
The industrials sector index surged 3.21%, telecom (1.78%) and transport (0.18%); while banks and financial services declined 0.74%, insurance (0.62%), realty (0.49%) and consumer goods and services (0.44%) this week, which saw no trading of treasury bills.
Major movers included IQ, Qamco, Qatar Industrial Manufacturing, Ahlibank Qatar, Aamal Company, Qatari German Medical Devices QNB, Medicare Group, Qatar Electricity and Water, Ooredoo, Vodafone Qatar, Gulf Warehousing and Milaha in the main market and Al Faleh Educational Holding in the junior market this week, which saw the overall trade turnover and volumes on the decline in both the main and venture markets.
Nevertheless, Gulf International Services, Baladna, Salam International Investment, Widam Food, Investment Holding Group, QNB, Qatar Islamic Bank, Qatar Oman Investment, Zad Holding, Mannai Corporation, Qatar Insurance and Mazaya Qatar in the main market and Mekdam Holding in the venture market this week.
The industrials sector accounted for 48% of the total trade volume, banks and financial services (18%), consumer goods and services (16%), real estate (10%), transport and telecom (3% each) and insurance (2%).
In terms of value, the industrials sector’s share stood at 42%, banks and financial services (30%), consumer goods and services (11%), realty and telecom (5% each), transport (4%) and insurance (2%).
The Gulf institutions’ net buying increased substantially to QR24.05mn against QR5.92mn the week ended September 16.
The Gulf individuals turned net buyers to the tune of QR1.46mn compared with net sellers of QR2.16mn a week ago.
Local retail investors were net buyers to the extent of QR0.12mn compared with net sellers of QR0.55mn the previous week.
The domestic funds’ net selling declined drastically to QR51.51mn against QR191.08mn the week ended September 16.
The Arab individuals’ net profit booking shrank perceptibly to QR3.56mn compared to QR5.22mn a week ago.
However, the Arab funds’ net selling strengthened marginally to QR0.13mn against QR0.01mn the previous week.
The foreign funds’ net buying fell significantly to QR25.69mn compared to QR188.96mn the week ended September 16.
The foreign individuals’ net buying eased marginally to QR3.87mn against QR4.12mn a week ago.
Total trade volume in the main market fell 38% to 693.04mn shares, value by 36% to QR1.76bn and transactions by 23% to 41,936.
In the venture market, volumes shrank 52% to 0.55mn equities, value by 68% to QR1.4bn and deals by 56% to 90.
In the main market, the consumer goods and services sector’s trade volume plummeted 44% to 109.95mn stocks, value by 41% to QR195.26mn and transactions by 37% to 4,120.
The industrials sector reported a 42% plunge in trade volume to 333.75mn shares, 40% in value to QR724.74mn and 26% in deals to 14,526.
The real estate sector’s trade volume tanked 41% to 65.82mn equities, value by 46% to QR95.35mn and transactions by 19% to 4,529.
There was a 34% shrinkage in the transport sector’s trade volume to 18.61mn stocks, 29% in value to QR71.19mn and 38% in deals to 1,616.
The banks and financial services sector’s trade volume shrank 28% to 127.27mn shares, value by 35% to QR523.36mn and transactions by 18% to 13,230.
However, the insurance sector saw a 30% surge in trade volume to 15.6mn equities and 20% in value to QR41.2mn but on 26% contraction in deals to 572.
The telecom sector’s trade volume was up 2% to 22.04mn stocks, value by 39% to QR95.58mn and transactions by 11% to 3,343.

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