The Qatar Stock Exchange witnessed strong buying in the transport, consumer goods and telecom counters; yet it edged down marginally this week, which otherwise saw global markets on a jittery on expectations of rate hike in the US.
The foreign institutions’ increased net buying notwithstanding, the 20-stock Qatar Index was down 0.03% this week which saw Masraf Al Rayan report a net profit of QR1.72bn in 2021.
The insurance, real estate, industrials and banking counters witnessed higher than average selling pressure this week which saw QIIB register QR1bn net profit in 2021.
About 64% of the traded constituents were in the red in the main market this week, which saw Gulf Warehousing record net profit of QR235.77mn in 2021.
The domestic institutions were increasingly into net profit booking this week, which saw Masraf Al Rayan sponsored exchange traded fund QATR report net asset value of QR553.65mn in 2021.
The Arab individuals were bearish this week, which saw Barwa’s intention to sell its stake in Kuwait’s Al Imtiaz Investment Group Company.
The Islamic equities were seen declining faster than the main barometer this week, which saw Nakilat take delivery and management of the fourth newbuild liquefied natural gas carrier.
The Gulf funds turned net profit takers this week which saw a total of 129,479 Doha Bank-sponsored exchange traded funds QETF valued at QR1.58mn change hands across 34 transactions.
The local retail investors continued to be net sellers but with lesser vigour this week, which saw as many as 85,905 QATR worth QR234,046 trade across 31 deals.
Market capitalisation saw QR64mn or 0.09% increase to QR717.04bn, mainly on microcap segments this week which saw the industrials, banking and consumer goods sectors together constitute more than 70% of the total trade volume.
The insurance sector index shrank 0.9%, realty (0.44%), industrials (0.21%) and banks and financial services (0.18%); while transport shot up 3.57%, consumer goods and services (1.39%) and telecom (0.93%) this week, which saw no trading of sovereign bonds.
Major shakers in the main market included Qatari German Medical Devices, Al Khaleej Takaful, Inma Holding, Qatar Oman Investment, Aamal Company, Qatar Islamic Bank, QIIB, Masraf Al Rayan, Dlala, Widam Food, Baladna, Qatar Industrial Manufacturing, Qamco, Ezdan and Gulf International Services this week which saw no trading of treasury bills.
Nevertheless, major gainers in the main market included Mannai Corporation, Milaha, Qatar National Cement, Commercial Bank, Qatar General Insurance and Reinsurance, Woqod, Barwa, Vodafone Qatar and Nakilat. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their stocks appreciate in value this week, which saw Qatar Economic Outlook expect the country’s overall private consumption expenditure to jump 1% this year on account of the FIFA World Cup.
The domestic funds’ net selling increased drastically to QR120.07mn compared to QR64.29mn the week ended January 20.
The Arab individuals turned net sellers to the tune of QR2.92mn against net buyers of QR14.47mn the previous week.
The Gulf institutions were profit takers to the extent of QR7.15mn against net buyers of QR93.42mn a week ago.
The Arab funds were net sellers to the tune of QR0.11mn compared with no major net exposure the week ended January 20.
The foreign individuals’ net buying declined markedly to QR0.24mn against QR4.24mn the previous week.
The Gulf individuals’ net buying eased marginally to QR0.62mn compared to QR1.53mn a week ago.
However, the foreign funds’ net buying rose notably to QR397.37mn against QR353.09mn the week ended January 20.
Qatari individuals’ net selling weakened considerably to QR247.98mn compared to QR402.47mn the previous week.
Total trade turnover and volume were on the decline in both the main and venture markets this week, which saw the official data suggest that Qatar’s trade surplus almost triple to QR25.68bn in December 2021.
The industrials sector accounted for 30% of the total trade volume, banks and financial services (20%), consumer goods and services (20%), realty (18%), transport (7%), telecom (4%) and insurance (1%) this week.
In terms of value, the banks and financial services sector’s share was 34% of the total, industrials (26%), consumer goods and services (16%), transport (11%), real estate (9%), telecom (3%) and insurance (1%) this week.
Total trade volume in the market fell 11% to 848.54mn shares, value by 13% to QR2.9bn and transactions by 5% to 63,272.
There was a 50% plunge in the insurance sector’s trade volume to 11.47mn equities, 52% in value to QR30.05mn and 25% in deals to 1,267.
The real estate sector’s trade volume plummeted 35% to 148.85mn stocks, value by 25% to QR250.57mn and transactions by 25% to 5,066.
The banks and financial sector’s trade volume saw 33% contraction to 168.6mn shares, 37% in value to QR998.98mn and 18% in deals to 25,032.
However, the transport sector’s trade volume soared 43% to 57.23mn equities, value by 55% to QR306.73mn and transactions by 41% to 4,271.
The consumer goods and services sector reported 24% surge in trade volume to 167.97mn stocks, 81% in value to QR469.71mn and 50% in deals to 9,562.
The industrials sector’s trade volume was up 9% to 258.55mn shares, value by 3% to QR749.93mn and transactions by less than 1% to 15,143.
The market witnessed 2% jump in the telecom sector’s trade volume to 35.85mn equities but on 37% shrinkage in value to QR94.57mn and 16% in deals to 2,931.
In the venture market, trade volume slipped 25.22% to 0.72mn stocks, value by 24.71% to QR4.51mn and transactions by 35.41% to 363.