The Ukrainian crisis had cast its shadow across the global bourses, which was partly reflected in the overall weak sentiments in the Qatar Stock Exchange and capitalisation eroded almost QR8bn this week.
Notwithstanding the increased net buying interests of foreign institutions, the 20-stock Qatar Index fell 0.57% this week, which saw Barwa report net profit of QR1.11bn in 2021.
The foreign individuals were seen net buyers this week, which saw Qatar Electricity and Water Company register QR1.47bn as net profit for the year ended 2021.
The Gulf individuals were seen increasingly into net buying this week, which saw Haithem Katerj, chief executive of Al Rayan Investment Company, view that despite the current weakness, the outlook for the general index remains optimistic.
A QNA report said his optimism was supported by expectations of continued high commodity prices, an increase in interest rates by the US Federal Reserve, in addition to the approaching date of the FIFA World Cup Qatar 2022.
"Managing to surpass the recent high at 12,843 point (highest level since Decembner-2014) would most likely open the space for a gradual increase to 13,180 points and 13,950 points," Kamco Invest said in its technical analysis.
Nevertheless, about 62% of the traded constituents were in the red in the main market this week, which saw Ooredoo ring in QR46.92mn net profit in 2021.
The domestic funds were increasingly into net profit booking this week, which saw Gulf International Services’ 2021 net profit at QR54mn.
The Islamic equities were seen gaining vis-à-vis declines in the other indices this week, which saw Baladna announcing its intention to invest as much as $500mn in the Philippines for establishing a large-scale fully integrated dairy plant.
The local retail investors’ net selling strengthened notably this week, which saw a total of 174,444 Doha Bank-sponsored exchange traded funds QETF valued at QR2.17mn change hands across 39 transactions.
The Arab individuals’ net selling increased considerably in the market this week, which saw as many as 80,735 Masraf Al Rayan-sponsored QATR worth QR225,902 trade across 23 deals.
Market capitalisation saw 1.08% decrease to QR723.3bn, mainly on mid and small cap segments this week, which saw the industrials, banking and consumer goods sectors together constitute about 79% of the total trade volume.
The Total Return Index shed 0.19% and All Share Index by 0.29%, while All Islamic Index was up 0.09% this week which saw the country’s core inflation rise faster than the general consumer price index in January 2022.
The insurance index tanked 2.55%, industrials (0.53%), consumer goods and services (0.45%) and banks and financial services (0.23%); while telecom declined 1.65%, transport (0.37%) and real estate (0.08%) this week which saw no trading of treasury bills.
Major losers in the main market included Qatar Insurance, QNB, Qatar General Insurance and Reinsurance, Ahlibank Qatar, Zad Holding, Masraf Al Rayan, Widam Food, Industries Qatar, Qamco, QLM, Ezdan and Gulf Warehousing this week which saw no trading of sovereign bonds and treasury bills.
Nevertheless, Investment Holding Group, Aamal Company, Gulf International Services, Mannai Corporation, Inma Holding, Qatar Islamic Bank, Doha Bank, QIIB, Qatar Islamic Insurance and Ooredoo were among the movers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw its shares appreciate in value this week which saw the overall trade volume and value on the increase.
In the main market, the industrials sector accounted for 41% of the total trade volume, consumer goods and services (19%), banks and financial services (19%), real estate (13%), telecom and transport (3% each), and insurance (2%) this week.
In terms of value, the banks and financial services sector’s share was 41%, industrials (31%), consumer goods and services (11%), realty (6%), transport and telecom (4% each) and insurance (2%) this week.
The domestic funds’ net selling increased substantially to QR422.97mn compared to QR94.5mn the week ended February 10.
Qatari individuals’ net selling rose considerably to QR309.19mn against QR283.23mn the previous week.
The Arab individuals’ net profit booking shot up markedly to QR24.5mn compared to QR0.83mn a week ago.
The Arab funds turned net sellers to the tune of QR0.09mn against net buyers of QR0.93mn the week ended February 10.
The Gulf institutions’ net buying decreased significantly to QR15.57mn compared to QR55.49mn the previous week.
However, the foreign funds’ net buying strengthened drastically to QR735.11mn against QR335.98mn a week ago.
The foreign individuals were net buyers to the extent of QR4.16mn compared with net sellers of QR15.34mn the week ended February 10.
The Gulf individuals’ net buying increased marginally to QR1.93mn against QR1.51mn the previous week.
Total trade volume in the main market rose 12% to 1.01bn shares, value by 10% to QR3.39bn and transactions by 25% to 74,362.
The real estate sector’s trade volume soared 80% to 136.4mn equities and value more than doubled to QR218.87mn on 76% increase in deals to 5,447.
The market witnessed 42% surge in the telecom sector’s trade volume to 34.81mn stocks, 35% in value to QR149.73mn and 54% in transactions to 6,234.
The industrials sector’s trade volume shot up 28% to 414.3mn shares, while value shrank 21% to QR1.06bn despite 9% higher deals at 20,277.
The banks and financial services sector saw 17% expansion in trade volume to 193.57mn equities, 55% in value to QR1.39bn and 44% in transactions to 29,033.
However, the consumer goods and services sector’s trade volume plummeted 28% to 187.88mn stocks, value by 4% to QR379.4mn and deals by 9% to 6,568.
There was 18% plunge in the insurance sector’s trade volume to 16.56mn shares and 22% in value to QR53.36mn but on 15% jump in transactions to 1,882.
The transport sector’s trade volume tanked 14% to 29.14mn equities and value by 18% to QR143.53mn; whereas deals were up 3% to 4,921.
The venture market witnessed 26.06% expansion in volumes to 4.16mn stocks, 29.46% in value to QR37.62mn and 62.94% in transactions to 1,952.
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