The foreign funds’ substantially increased net buying lifted the sentiments in the Qatar Stock Exchange, which neared the 11,700 levels this week.
The industrials and realty counters witnessed higher than average demand as the 20-stock Qatar Index gained 1.11% this week which saw the US-based Institute of International Finance view that Qatar is slated to see strong recovery in 2021 and 2022 and the recent structural reforms are expected to encourage foreign direct investments in the non-energy sector.
“Improved macroeconomic indicators as well as international oil and gas prices and higher non-Qatari ownership limits are expected to positively affect the weights of the listed companies in the global indicators,” QSE chief executive Rashid bin Ali al-Mansoori had tweeted in response to the rally in the stocks.
The Arab individuals’ net buying strengthened substantially this week which saw robust expansion in the building permits issued this September vis-à-vis the previous month's levels, indicating better prospects for Qatar's realty and construction sectors.
The foreign individuals were seen bullish this week which saw Vodafone Qatar report net profit of QR200.42mn in the first nine months of this year.
More than 68% of the traded constituents in the main market extended gains this week which saw the Investment Holding Group announce that its board has approved the acquisition of Elegancia Holding Group Company and its subsidiaries according to the exchange ratios agreed upon.
The Gulf funds continued to be net buyers but with lesser intensity this week which saw Mannai Corporation, Industries Qatar, Mesaieed Petrochemical Holding and Qamco equities touch 52-week high.
The local retail investors’ net selling was seen weakening significantly this week which saw a total of 262,878 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR685,733 change hands across 27 transactions.
The Islamic index was seen gaining slower than the main barometer this week which saw a total of 115,026 Doha Bank-sponsored QETF valued at QR1.31mn trade across seven deals.
Market capitalisation saw about QR10bn or 1.46% increase to QR675.79bn, mainly on large and small cap segments this week which saw the consumer goods and industrials sectors together constitute about 69% of the total trade volume.
The Total Return Index gained 1.11%, All Share Index by 1.10% and All Islamic Index by 1.04% this week which saw no trading of sovereign bonds.
The industrials sector index surged 2.86%, realty (1.13%), banks and financial services (0.86%), consumer goods and services (0.77%) and transport (0.19%); while telecom declined 0.5% and insurance (0.12%) this week which saw no trading of treasury bills.
Major gainers in the main market included Qatari German Medical Devices, Mannai Corporation, Qamco, Gulf International Services, Mesaieed Petrochemical Holding, QNB, Doha Bank, Inma Holding, Salam International Investment, Medicare Group, Baladna, IQ, Qatar National Cement, Qatari Investors Group, Mazaya Qatar and United Development Company this week.
Nevertheless, Qatar Cinema and Film Distribution, Qatar General Insurance and Reinsurance, Qatar Industrial Manufacturing, Qatar Islamic Bank, Ahlibank Qatar and Vodafone Qatar were among the shakers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their equities lose sheen.
The overall trade turnover and volumes were on the rise in the main market and the junior bourse this week which saw Qatar's consumer price index inflation shoot up 2.71% year-on-year in September 2021.
In the main market, the industrials sector accounted for 47% of the total trade volume, consumer goods and services (21%), real estate (13%), banks and financial services (12%), transport (3%), telecom (2%) and insurance (1%) this week.
In terms of value, the industrials sector’s share was 39%, banks and financial services (29%), consumer goods and services (17%), realty (7%), transport (5%), telecom (3%) and insurance (1%) this week.
The foreign funds’ net buying grew significantly to QR405.49mn against QR290.13mn the week ended October 7.
The Arab individuals’ net buying strengthened considerably to QR33.2mn compared to QR8mn a week ago.
The foreign individuals turned net buyers to the tune of QR6.93mn against net sellers of QR2.39mn the previous week.
The Qatari individuals’ net selling fell drastically to QR63.83mn compared to QR181.89mn the week ended October 7.
However, the domestic funds’ net profit booking grew substantially to QR388.72mn against QR144.56mn a week ago.
The Gulf individuals’ net selling increased noticeably to QR14.44mn compared to QR3.58mn the previous week.
The Gulf institutions’ net buying eased markedly to QR21.35mn against QR33.66mn the week ended October 7.
The Arab funds had no major next exposure compared with net buyers to the extent of QR0.58mn a week ago.
Total trade volume in the main market rose 32% to 1.25mn shares, value by 28% to QR3.12bn and transactions by 43% to 70,032.
The consumer goods and services sector’s trade volume soared 89% to 268.09mn equities, value by 77% to QR520.7mn and deals by 60% to 8,737.
The market witnessed 76% surge in the industrials sector’s trade volume to 589.34mn stocks, 54% in value to QR1.21bn and 53% in transactions to 21,222.
However, the telecom sector’s trade volume plummeted 37% to 26.92mn shares and value by 18% to QR80.77mn, whereas deals expanded 48% to 4,466.
There was 31% plunge in the insurance sector’s trade volume to 16.12mn equities and 31% in value to QR45.87n but on 6% jump in transactions to 956.
The banks and financial services sector’s trade volume tanked 24% to 152.22mn stocks, while value gained 11% to QR895.39n and deals by 51% to 26,353.
The transport sector reported 14% shrinkage in trade volume to 36.32mn shares, 12% in value to QR143.06mn and 18% in transactions to 2,466.
The real estate sector’s trade volume was down 1% to 162.8mn equities; whereas value grew 1% to QR231.49mn and deals by 10% to 5,832.
In the venture market, volumes shot up 71% to 0.68mn stocks, value by 5% to QR2.3bn and transactions by 29% to 125.
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