The uncertainly over the simmering Ukraine-Russia crisis had an overarching influence on the Gulf bourses, including the Qatar Stock Exchange, which lost sizeable 235 points in key index and QR11bn in capitalisation this week.
The real estate and industrials counters witnessed higher selling pressure as the 20-stock Qatar Index tanked 1.73% this week, which otherwise saw global oil prices strengthen and the US Federal Reserve hike the reference benchmark rate by 0.25%.
The domestic institutions increasingly squared off their position this week which Standard and Poor opine that Qatar could gain from Europe’s diversification from Russian gas.
The Arab individuals were increasingly net profit takers this week which saw the Qatar Central Bank increase the repo rate, following the US Fed’s move.
More than 57% of the traded constituents were in the red this week which saw Mesaieed Petrochemical Holding (MPHC) earmark QR1.5bn capital expenditure for 2022-26.
The foreign individuals were also seen increasingly net sellers this week which saw the Qatar Financial Centre develop a sustainable sukuk and bonds framework, the first of its kind in the Gulf region.
The Islamic index was seen declining faster than the other indices this week, which saw a total of 191,669 Doha Bank-sponsored exchange traded fund QETF valued at QR2.58mn change hands across 162 transactions.
Nevertheless, the foreign funds were increasingly net buyers this week which saw as many as 79,372 Masraf Al Rayan-sponsored QATR worth QR234,577 trade across 15 deals.
Market capitalisation was seen eroding 1.4% to QR757.89bn, mainly on large cap segments this week, which saw the industrials and banking sectors together constitute about 63% of the trade volume.
The Total Return Index shrank 1.12%, All Share Index by 0.78% and All Islamic Index by 2.42% this week which nevertheless saw total trading volumes and value on the decline.
The realty sector index plummeted 5.68%, industrials (2.64%), telecom (0.75%) and insurance (0.44%); while transport gained 1.22% and consumer goods and services (0.59%). The banks and financial services sector index was rather flat this week which saw Qatar’s core inflation rise faster than the general consumer price index this February.
Major losers in the main market included Qatar First Bank, Barwa, MPHC, Qamco, Qatar Electricity and Water, Commercial Bank, Doha Bank, Qatari German Medical Devices, Doha Insurance, Qatar General Insurance and Reinsurance, Vodafone Qatar and United Development Company; while in the venture market, it was Mekdam Holding this week which saw no trading of sovereign bonds.
Nevertheless, Inma Holding, Dlala, Al Khaleej Takaful, Qatar National Cement, QLM, QIIB, Masraf Al Rayan, Medicare Group, Qatari Investors Group and Nakilat were among the gainers in the main market; whereas Al Faleh Educational Holding saw its shares appreciate in value this week which saw no trading of treasury bills.
In the main market, the industrials sector accounted for 36% of the total trade volume, banks and financial services (27%), consumer goods and services (17%), real estate (16%), telecom and transport (2% each), and insurance (1%) this week.
In terms of value, the banks and financial sector’s share was 46%, industrials (33%), consumer goods and services (9%), realty (7%), and transport and telecom (2% each), and insurance (1%) this week.
The domestic funds’ net selling increased substantially to QR872.72mn against QR477.92mn the week ended March 10.
The Arab individuals’ net selling grew noticeably to QR11.2mn compared to QR6.84mn the previous week.
The foreign individuals’ net profit booking expanded perceptibly to QR6.9mn against QR6.09mn a week ago.
The Arab funds turned net sellers to the tune of QR0.18mn compared with net buyers of QR10.63mn the week ended March 10.
However, the foreign funds’ net buying rose significantly to QR838.43mn against QR798.38mn the previous week.
The Gulf institutions’ net buying increased markedly to QR421.86mn compared to QR353.9mn a week ago.
The Gulf individuals were net buyers to the extent of QR2.8mn against net sellers of QR10.66mn the week ended March 10.
Qatari individuals’ net profit booking declined drastically to QR372.09mn compared to QR661.32mn the previous week.
Total trade volume in the main market fell 8% to 1.58bn shares and value by 5% to QR5.43bn, while transactions rose 9% to 98,884.
The real estate sector’s trade volume soared 75% to 256.65mn equities, value by 47% to QR380mn and deals by 48% to 9,160.
The banks and financial services sector reported 71% surge in trade volume to 439.11mn stocks, 37% in value to QR2.52bn and 46% in transactions to 44,797.
However, the insurance sector’s trade volume plummeted 56% to 16.94mn shares and value by 48% to QR54.01mn, while deals shot up 22% to 1,314.
The consumer goods and services sector saw 42% plunge in trade volume to 283.9mn equities, 24% in value to QR496.39mn and 21% in transactions to 8,443.
There was 33% shrinkage in the telecom sector’s trade volume to 25.34mn stocks and 7% in value to QR91.28mn but on 13% growth in deals to 3,650.
The industrials sector’s trade volume tanked 25% to 577.8mn shares, value by 33% to QR1.79bn and transactions by 19% to 28,594.
The market witnessed 7% contraction in the transport sector’s trade volume to 24.58mn equities but on less than 1% jump in value to QR116.51mn despite 12% lower deals at 2,926.
In the venture market, trade volumes declined 64.06% to 0.69mn stocks, value by 74.1% to QR5.24mn and transactions by 52.28% to 220.
The real estate and industrials counters witnessed higher selling pressure as the 20-stock Qatar Index tanked 1.73% this week, which otherwise saw global oil prices strengthen and the US Federal Reserve hike the reference benchmark rate by 0.25%.
The domestic institutions increasingly squared off their position this week which Standard and Poor opine that Qatar could gain from Europe’s diversification from Russian gas.
The Arab individuals were increasingly net profit takers this week which saw the Qatar Central Bank increase the repo rate, following the US Fed’s move.
More than 57% of the traded constituents were in the red this week which saw Mesaieed Petrochemical Holding (MPHC) earmark QR1.5bn capital expenditure for 2022-26.
The foreign individuals were also seen increasingly net sellers this week which saw the Qatar Financial Centre develop a sustainable sukuk and bonds framework, the first of its kind in the Gulf region.
The Islamic index was seen declining faster than the other indices this week, which saw a total of 191,669 Doha Bank-sponsored exchange traded fund QETF valued at QR2.58mn change hands across 162 transactions.
Nevertheless, the foreign funds were increasingly net buyers this week which saw as many as 79,372 Masraf Al Rayan-sponsored QATR worth QR234,577 trade across 15 deals.
Market capitalisation was seen eroding 1.4% to QR757.89bn, mainly on large cap segments this week, which saw the industrials and banking sectors together constitute about 63% of the trade volume.
The Total Return Index shrank 1.12%, All Share Index by 0.78% and All Islamic Index by 2.42% this week which nevertheless saw total trading volumes and value on the decline.
The realty sector index plummeted 5.68%, industrials (2.64%), telecom (0.75%) and insurance (0.44%); while transport gained 1.22% and consumer goods and services (0.59%). The banks and financial services sector index was rather flat this week which saw Qatar’s core inflation rise faster than the general consumer price index this February.
Major losers in the main market included Qatar First Bank, Barwa, MPHC, Qamco, Qatar Electricity and Water, Commercial Bank, Doha Bank, Qatari German Medical Devices, Doha Insurance, Qatar General Insurance and Reinsurance, Vodafone Qatar and United Development Company; while in the venture market, it was Mekdam Holding this week which saw no trading of sovereign bonds.
Nevertheless, Inma Holding, Dlala, Al Khaleej Takaful, Qatar National Cement, QLM, QIIB, Masraf Al Rayan, Medicare Group, Qatari Investors Group and Nakilat were among the gainers in the main market; whereas Al Faleh Educational Holding saw its shares appreciate in value this week which saw no trading of treasury bills.
In the main market, the industrials sector accounted for 36% of the total trade volume, banks and financial services (27%), consumer goods and services (17%), real estate (16%), telecom and transport (2% each), and insurance (1%) this week.
In terms of value, the banks and financial sector’s share was 46%, industrials (33%), consumer goods and services (9%), realty (7%), and transport and telecom (2% each), and insurance (1%) this week.
The domestic funds’ net selling increased substantially to QR872.72mn against QR477.92mn the week ended March 10.
The Arab individuals’ net selling grew noticeably to QR11.2mn compared to QR6.84mn the previous week.
The foreign individuals’ net profit booking expanded perceptibly to QR6.9mn against QR6.09mn a week ago.
The Arab funds turned net sellers to the tune of QR0.18mn compared with net buyers of QR10.63mn the week ended March 10.
However, the foreign funds’ net buying rose significantly to QR838.43mn against QR798.38mn the previous week.
The Gulf institutions’ net buying increased markedly to QR421.86mn compared to QR353.9mn a week ago.
The Gulf individuals were net buyers to the extent of QR2.8mn against net sellers of QR10.66mn the week ended March 10.
Qatari individuals’ net profit booking declined drastically to QR372.09mn compared to QR661.32mn the previous week.
Total trade volume in the main market fell 8% to 1.58bn shares and value by 5% to QR5.43bn, while transactions rose 9% to 98,884.
The real estate sector’s trade volume soared 75% to 256.65mn equities, value by 47% to QR380mn and deals by 48% to 9,160.
The banks and financial services sector reported 71% surge in trade volume to 439.11mn stocks, 37% in value to QR2.52bn and 46% in transactions to 44,797.
However, the insurance sector’s trade volume plummeted 56% to 16.94mn shares and value by 48% to QR54.01mn, while deals shot up 22% to 1,314.
The consumer goods and services sector saw 42% plunge in trade volume to 283.9mn equities, 24% in value to QR496.39mn and 21% in transactions to 8,443.
There was 33% shrinkage in the telecom sector’s trade volume to 25.34mn stocks and 7% in value to QR91.28mn but on 13% growth in deals to 3,650.
The industrials sector’s trade volume tanked 25% to 577.8mn shares, value by 33% to QR1.79bn and transactions by 19% to 28,594.
The market witnessed 7% contraction in the transport sector’s trade volume to 24.58mn equities but on less than 1% jump in value to QR116.51mn despite 12% lower deals at 2,926.
In the venture market, trade volumes declined 64.06% to 0.69mn stocks, value by 74.1% to QR5.24mn and transactions by 52.28% to 220.