Higher oil prices, owing to the simmering Ukraine-Russia crisis, had lifted sentiments in the Gulf bourses, including the Qatar Stock Exchange (QSE), which gained a huge 234 points in key index and QR12bn in capitalisation this week.
The industrials, real estate and banking counters witnessed higher than average demand as the 20-stock Qatar Index surged 1.75% this week which saw Commercial Bank and Doha Bank receive nod from shareholders to enhance the foreign ownership limit up to 100%.
The Arab individuals were seen net buyers this week which saw Baladna acquire 5% stake in Egypt’s Juhayna Food Industries for QR67.09mn.
The local retail investors’ substantially weakened net selling pressure also had its influence in the market this week which saw Capital Intelligence confirm Qatar Islamic Bank’s rating of ‘A1+’.
The domestic funds’ lower net selling pressure played its part in the bourse this week which saw Doha Bank disclose its intention to strengthen its digital footprint, including E-commerce.
The foreign institutions continued to be net buyers but with lesser intensity this week which saw the listed companies, under the industrial segment, register more than 252% surge in net earnings during 2021.
The Islamic index was seen gaining faster than the other indices this week, which saw a total of 214,489 Doha Bank-sponsored exchange traded fund QETF valued at QR2.89mn change hands across 255 transactions.
The Gulf funds continued to be net buyers but with lesser vigour this week which saw as many as 39,606 Masraf Al Rayan-sponsored QATR worth QR117,427 trade across 24 deals.
Market capitalisation was seen expanding 1.61% to QR770.1bn, mainly on large and midcap segments this week, which saw the industrials and banking sectors together constitute about 64% of the trade volume.
The Total Return Index gained 1.75%, All Share Index by 1.52% and All Islamic Index by 1.8% this week which nevertheless saw total trading volumes and value on the decline.
The industrials sector index zoomed 3.33%, real estate (2.11%), banks and financial services (1.91%) and insurance (0.06%); whereas transport declined 3.4%, consumer goods and services (2.23%) and telecom (1.46%) this week, which saw the QSE enter into pact with Astana Stock Exchange.
Major gainers in the main market included Mesaieed Petrochemical Holding, Qatar Islamic Insurance, Qatari Investors Group, Qatar Islamic Bank, Barwa, QNB, QIIB, Inma Holding, Mannai Corporation, Industries Qatar, Aamal Company, Qatari Investors Group, Qamco and Gulf Warehousing; while Mekdam Holding saw its shares appreciate in the venture market this week, which saw no trading of sovereign bonds.
Nevertheless, Medicare Group, Qatar Oman Investment, Nakilat, Mazaya Qatar, Commercial Bank, Doha Bank, Alijarah Holding, Qatari German Medical Devices, Salam International Investment, Woqod, Qatar National Cement, Ezdan, Ooredoo and Milaha were among the prime losers in the market; while Al Faleh Educational Holding saw its shares depreciate in value in the juniour bourse this week, which saw no trading of treasury bills.
In the main market, the industrials sector accounted for 41% of the total trade volume, banks and financial services (23%), consumer goods and services (17%), real estate (14%), transport (2%), and telecom and insurance (1% each) this week.
In terms of value, the banks and financial sector’s share was 45%, industrials (34%), consumer goods and services (10%), realty (6%), transport (2%) and telecom and insurance (1% each) this week.
The Arab individuals turned net buyers to the tune of QR7.14mn compared with net sellers of QR11.2mn the previous week.
The Gulf individuals’ net buying rose perceptibly to QR4.16mn against QR2.8mn the week ended March 17.
Qatari individuals’ net selling declined drastically to QR135.2mn compared to QR372.09mn a week ago.
The domestic funs’ net selling eased marginally to QR870.21mn against QR872.72mn the previous week.
The foreign individuals’ net selling weakened noticeably to QR1.51mn compared to QR6.9mn the week ended March 17.
The Arab funds’ net profit booking shrank marginally to QR0.08mn against QR0.18mn a week ago.
However, the foreign funds’ net buying fell significantly to QR694.38mn compared to QR838.43mn the previous week.
The Gulf institutions’ net buying reduced markedly to QR301.32mn against QR421.86mn the week ended March 17.
Total trade volume in the main market fell 27% to 1.15bn shares, value by 24% to QR4.15bn and transactions by 6% to 92,632.
There was 44% plunge in the telecom sector’s trade volume to 14.13mn equities, 49 in value to QR46.67mn and 18% in deals to 2,978.
The banks and financial services sector’s trade volume plummeted 41% to 259.62mn stocks, value by 26% to QR1.88bn and transactions by 9% to 40,955.
The real estate sector reported 35% shrinkage in trade volume to 166.1mn shares, 34% in value to QR250.65mn and 9% in deals to 8,301.
The consumer goods and services sector’s trade volume tanked 30% to 197.58mn equities and value by 15% to QR420.39mn, while transactions rose 13% to 9,572.
The market witnessed 18% contraction in the industrials sector’s trade volume to 472.3mn stocks, 21% in value to QR1.41bn and 10% in deals to 25,867.
The transport sector’s trade volume shrank 18% to 20.05mn shares and value by 22% to QR90.96mn, whereas transactions expanded 14% to 3,345.
The insurance sector saw less than 1% dip in trade volume to 16.93mn equities but on 5% jump in value to QR56.81mn and 23% in deals to 1,614.
In the venture market, trade volumes zoomed 21.74% to 0.84mn stocks, value by 65.08% to QR8.65mn and transactions by 55.91% to 343.
The industrials, real estate and banking counters witnessed higher than average demand as the 20-stock Qatar Index surged 1.75% this week which saw Commercial Bank and Doha Bank receive nod from shareholders to enhance the foreign ownership limit up to 100%.
The Arab individuals were seen net buyers this week which saw Baladna acquire 5% stake in Egypt’s Juhayna Food Industries for QR67.09mn.
The local retail investors’ substantially weakened net selling pressure also had its influence in the market this week which saw Capital Intelligence confirm Qatar Islamic Bank’s rating of ‘A1+’.
The domestic funds’ lower net selling pressure played its part in the bourse this week which saw Doha Bank disclose its intention to strengthen its digital footprint, including E-commerce.
The foreign institutions continued to be net buyers but with lesser intensity this week which saw the listed companies, under the industrial segment, register more than 252% surge in net earnings during 2021.
The Islamic index was seen gaining faster than the other indices this week, which saw a total of 214,489 Doha Bank-sponsored exchange traded fund QETF valued at QR2.89mn change hands across 255 transactions.
The Gulf funds continued to be net buyers but with lesser vigour this week which saw as many as 39,606 Masraf Al Rayan-sponsored QATR worth QR117,427 trade across 24 deals.
Market capitalisation was seen expanding 1.61% to QR770.1bn, mainly on large and midcap segments this week, which saw the industrials and banking sectors together constitute about 64% of the trade volume.
The Total Return Index gained 1.75%, All Share Index by 1.52% and All Islamic Index by 1.8% this week which nevertheless saw total trading volumes and value on the decline.
The industrials sector index zoomed 3.33%, real estate (2.11%), banks and financial services (1.91%) and insurance (0.06%); whereas transport declined 3.4%, consumer goods and services (2.23%) and telecom (1.46%) this week, which saw the QSE enter into pact with Astana Stock Exchange.
Major gainers in the main market included Mesaieed Petrochemical Holding, Qatar Islamic Insurance, Qatari Investors Group, Qatar Islamic Bank, Barwa, QNB, QIIB, Inma Holding, Mannai Corporation, Industries Qatar, Aamal Company, Qatari Investors Group, Qamco and Gulf Warehousing; while Mekdam Holding saw its shares appreciate in the venture market this week, which saw no trading of sovereign bonds.
Nevertheless, Medicare Group, Qatar Oman Investment, Nakilat, Mazaya Qatar, Commercial Bank, Doha Bank, Alijarah Holding, Qatari German Medical Devices, Salam International Investment, Woqod, Qatar National Cement, Ezdan, Ooredoo and Milaha were among the prime losers in the market; while Al Faleh Educational Holding saw its shares depreciate in value in the juniour bourse this week, which saw no trading of treasury bills.
In the main market, the industrials sector accounted for 41% of the total trade volume, banks and financial services (23%), consumer goods and services (17%), real estate (14%), transport (2%), and telecom and insurance (1% each) this week.
In terms of value, the banks and financial sector’s share was 45%, industrials (34%), consumer goods and services (10%), realty (6%), transport (2%) and telecom and insurance (1% each) this week.
The Arab individuals turned net buyers to the tune of QR7.14mn compared with net sellers of QR11.2mn the previous week.
The Gulf individuals’ net buying rose perceptibly to QR4.16mn against QR2.8mn the week ended March 17.
Qatari individuals’ net selling declined drastically to QR135.2mn compared to QR372.09mn a week ago.
The domestic funs’ net selling eased marginally to QR870.21mn against QR872.72mn the previous week.
The foreign individuals’ net selling weakened noticeably to QR1.51mn compared to QR6.9mn the week ended March 17.
The Arab funds’ net profit booking shrank marginally to QR0.08mn against QR0.18mn a week ago.
However, the foreign funds’ net buying fell significantly to QR694.38mn compared to QR838.43mn the previous week.
The Gulf institutions’ net buying reduced markedly to QR301.32mn against QR421.86mn the week ended March 17.
Total trade volume in the main market fell 27% to 1.15bn shares, value by 24% to QR4.15bn and transactions by 6% to 92,632.
There was 44% plunge in the telecom sector’s trade volume to 14.13mn equities, 49 in value to QR46.67mn and 18% in deals to 2,978.
The banks and financial services sector’s trade volume plummeted 41% to 259.62mn stocks, value by 26% to QR1.88bn and transactions by 9% to 40,955.
The real estate sector reported 35% shrinkage in trade volume to 166.1mn shares, 34% in value to QR250.65mn and 9% in deals to 8,301.
The consumer goods and services sector’s trade volume tanked 30% to 197.58mn equities and value by 15% to QR420.39mn, while transactions rose 13% to 9,572.
The market witnessed 18% contraction in the industrials sector’s trade volume to 472.3mn stocks, 21% in value to QR1.41bn and 10% in deals to 25,867.
The transport sector’s trade volume shrank 18% to 20.05mn shares and value by 22% to QR90.96mn, whereas transactions expanded 14% to 3,345.
The insurance sector saw less than 1% dip in trade volume to 16.93mn equities but on 5% jump in value to QR56.81mn and 23% in deals to 1,614.
In the venture market, trade volumes zoomed 21.74% to 0.84mn stocks, value by 65.08% to QR8.65mn and transactions by 55.91% to 343.
