Strong gains on the last day notwithstanding, the Qatar Stock Exchange closed the week on a weaker note despite increased net buying interests of the Gulf institutions.
The foreign funds continued to be net buyers but with lesser intensity as the 20-stock Qatar Index settled 0.55% lower this week which saw Mesaieed Petrochemical Holding report net profit of QR1.44bn in the first nine months (9M) of 2021.
The telecom, real estate, industrials, insurance and transport counters witnessed higher than average selling pressure this week which saw Qatar Electricity and Water Company’s 9M net profit at QR1.18bn.
About 77% of the traded stocks were in the red this week which saw Doha Bank’s January-September net profit reach QR891.81mn.
The Arab individuals were seen net profit takers this week which saw Qatar Insurance Company’s 9M net profit at QR498.24mn.
The local retail investors’ profit booking weakened considerably this week which saw Milaha report QR654mn net profit for 9M 2021.
The domestic funds continued to be net sellers but with lesser vigour this week which saw Aamal Company’s 9M net profit at QR207.16mn.
The Gulf individual investors were net buyers, albeit at lower levels, this week which saw a total of 45,061 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR118,481 change hands across 22 transactions.
The Islamic index was seen declining faster than the other indices this week which saw a total of 27,030 Doha Bank-sponsored QETF valued at QR308,827 trade across eight deals.
Market capitalisation saw more than QR2bn or 0.34% erosion to QR682.02bn, mainly on microcap segments this week which saw the industrials, banking and consumer goods sectors together constitute about 76% of the total trade volume.
The Total Return Index declined 0.55%, All Share Index by 0.35% and All Islamic Index by 1.13% this week which saw Mannai Corporation report net profit of QR189.84mn during 9M-2021.
The telecom sector index plummeted 3.47%, realty (1.77%), industrials (1.5%), insurance (1.35%), transport (1.18%) and consumer goods and services (0.03%); while banks and financial services gained 0.53% this week which saw Nakilat takes delivery of the third new-build liquefied natural gas carrier.
Major losers in the main market included Investment Holding Group, Qatari German Medical Devices, Qamco, Mannai Corporation, Gulf International Services, Doha Bank, Qatar Insurance, Masraf Al Rayan, Dlala, Inma Holding, Industries Qatar, QLM, Qatari Investors Group, Ooredoo, Vodafone Qatar, Nakilat and Gulf Warehousing this week which saw no trading of sovereign bonds.
Nevertheless, Aamal Company, QNB, Qatar Industrial Manufacturing, Woqod and Qatar Islamic Bank were among the gainers in the main market and Al Faleh Education Holding and Mekdam Holding in the venture market this week which saw no trading of treasury bills.
The overall trade turnover and volumes in the main market and the junior bourse were on the decline this week which saw Barwa sign QR641.4mn financial deal with a local bank for its school project being built under public private partnership.
In the main market, the industrials sector accounted for 42% of the total trade volume, consumer goods and services (17%), banks and financial services (16%), real estate (14%), transport (7%), telecom (2%) and insurance (1%) this week.
In terms of value, the banks and financial services sector’s share was 35%, industrials (32%), consumer goods and services (11%), transport (11%), realty (7%), telecom (3%) and insurance (1%) this week.
The Arab individuals turned net sellers to the tune of QR14.48mn against net buyers of QR10.55mn the week ended October 21.
The foreign funds’ net buying weakened substantially to QR135.45mn compared to QR413.11mn a week ago.
The foreign individuals’ net buying shrank markedly to QR3.26mn against QR13.93mn the previous week.
However, the Gulf funds’ net buying grew considerably to QR248.7mn compared to QR94.98mn the week ended October 21.
The Qatari individuals’ net selling fell drastically to QR2.38mn against QR120.47mn a week ago.
The domestic funds’ net profit booking eased noticeably to QR370.68mn compared to QR399.36mn the previous week.
The Gulf individuals were net buyers to the extent of QR0.1mn against net sellers of QR12.75mn the week ended October 21.
The Arab funds turned net buyers to the tune of QR0.03mn compared with no major next exposure a week ago.
Total trade volume in the main market fell 27% to 877.13mn shares, value by 22% to QR2.62bn and transactions by 20% to 56,183.
The banks and financial services sector saw 34% plunge in trade volume to 143.6mn equities, 15% in value to QR919.27mn and 22% in deals to 21,382.
The consumer goods and services sector’s trade volume plummeted 30% to 147.86mn stocks, value by 26% to QR281.54mn and transactions by 26% to 6,123.
The transport sector reported 27% shrinkage in trade volume to 61.29mn shares, 28% in value to QR277.85mn and 22% in deals to 3,751.
The real estate sector’s trade volume tanked 26% to 123.74mn equities, value by 25% to QR185.29mn and transactions by 14% to 5,390.
There was 24% contraction in the insurance sector’s trade volume to 10.13mn stocks, 33% in value to QR30.92mn and 21% in deals to 793.
The industrials sector’s trade volume shrank 23% to 371.2mn shares, value by 27% to QR839.86mn and transactions by 19% to 15,949.
The market witnessed 15% dip in the telecom sector’s trade volume to 19.3mn equities but on 28% jump in value to QR81.53mn despite 9% lower deals at 2,795.
In the venture market, volumes plummeted 62% to 0.13mn stocks, value by 48% to QR0.86bn and transactions by 52% to 39.
The foreign funds continued to be net buyers but with lesser intensity as the 20-stock Qatar Index settled 0.55% lower this week which saw Mesaieed Petrochemical Holding report net profit of QR1.44bn in the first nine months (9M) of 2021.
The telecom, real estate, industrials, insurance and transport counters witnessed higher than average selling pressure this week which saw Qatar Electricity and Water Company’s 9M net profit at QR1.18bn.
About 77% of the traded stocks were in the red this week which saw Doha Bank’s January-September net profit reach QR891.81mn.
The Arab individuals were seen net profit takers this week which saw Qatar Insurance Company’s 9M net profit at QR498.24mn.
The local retail investors’ profit booking weakened considerably this week which saw Milaha report QR654mn net profit for 9M 2021.
The domestic funds continued to be net sellers but with lesser vigour this week which saw Aamal Company’s 9M net profit at QR207.16mn.
The Gulf individual investors were net buyers, albeit at lower levels, this week which saw a total of 45,061 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR118,481 change hands across 22 transactions.
The Islamic index was seen declining faster than the other indices this week which saw a total of 27,030 Doha Bank-sponsored QETF valued at QR308,827 trade across eight deals.
Market capitalisation saw more than QR2bn or 0.34% erosion to QR682.02bn, mainly on microcap segments this week which saw the industrials, banking and consumer goods sectors together constitute about 76% of the total trade volume.
The Total Return Index declined 0.55%, All Share Index by 0.35% and All Islamic Index by 1.13% this week which saw Mannai Corporation report net profit of QR189.84mn during 9M-2021.
The telecom sector index plummeted 3.47%, realty (1.77%), industrials (1.5%), insurance (1.35%), transport (1.18%) and consumer goods and services (0.03%); while banks and financial services gained 0.53% this week which saw Nakilat takes delivery of the third new-build liquefied natural gas carrier.
Major losers in the main market included Investment Holding Group, Qatari German Medical Devices, Qamco, Mannai Corporation, Gulf International Services, Doha Bank, Qatar Insurance, Masraf Al Rayan, Dlala, Inma Holding, Industries Qatar, QLM, Qatari Investors Group, Ooredoo, Vodafone Qatar, Nakilat and Gulf Warehousing this week which saw no trading of sovereign bonds.
Nevertheless, Aamal Company, QNB, Qatar Industrial Manufacturing, Woqod and Qatar Islamic Bank were among the gainers in the main market and Al Faleh Education Holding and Mekdam Holding in the venture market this week which saw no trading of treasury bills.
The overall trade turnover and volumes in the main market and the junior bourse were on the decline this week which saw Barwa sign QR641.4mn financial deal with a local bank for its school project being built under public private partnership.
In the main market, the industrials sector accounted for 42% of the total trade volume, consumer goods and services (17%), banks and financial services (16%), real estate (14%), transport (7%), telecom (2%) and insurance (1%) this week.
In terms of value, the banks and financial services sector’s share was 35%, industrials (32%), consumer goods and services (11%), transport (11%), realty (7%), telecom (3%) and insurance (1%) this week.
The Arab individuals turned net sellers to the tune of QR14.48mn against net buyers of QR10.55mn the week ended October 21.
The foreign funds’ net buying weakened substantially to QR135.45mn compared to QR413.11mn a week ago.
The foreign individuals’ net buying shrank markedly to QR3.26mn against QR13.93mn the previous week.
However, the Gulf funds’ net buying grew considerably to QR248.7mn compared to QR94.98mn the week ended October 21.
The Qatari individuals’ net selling fell drastically to QR2.38mn against QR120.47mn a week ago.
The domestic funds’ net profit booking eased noticeably to QR370.68mn compared to QR399.36mn the previous week.
The Gulf individuals were net buyers to the extent of QR0.1mn against net sellers of QR12.75mn the week ended October 21.
The Arab funds turned net buyers to the tune of QR0.03mn compared with no major next exposure a week ago.
Total trade volume in the main market fell 27% to 877.13mn shares, value by 22% to QR2.62bn and transactions by 20% to 56,183.
The banks and financial services sector saw 34% plunge in trade volume to 143.6mn equities, 15% in value to QR919.27mn and 22% in deals to 21,382.
The consumer goods and services sector’s trade volume plummeted 30% to 147.86mn stocks, value by 26% to QR281.54mn and transactions by 26% to 6,123.
The transport sector reported 27% shrinkage in trade volume to 61.29mn shares, 28% in value to QR277.85mn and 22% in deals to 3,751.
The real estate sector’s trade volume tanked 26% to 123.74mn equities, value by 25% to QR185.29mn and transactions by 14% to 5,390.
There was 24% contraction in the insurance sector’s trade volume to 10.13mn stocks, 33% in value to QR30.92mn and 21% in deals to 793.
The industrials sector’s trade volume shrank 23% to 371.2mn shares, value by 27% to QR839.86mn and transactions by 19% to 15,949.
The market witnessed 15% dip in the telecom sector’s trade volume to 19.3mn equities but on 28% jump in value to QR81.53mn despite 9% lower deals at 2,795.
In the venture market, volumes plummeted 62% to 0.13mn stocks, value by 48% to QR0.86bn and transactions by 52% to 39.
