The Qatar Stock Exchange gained about 300 points and capitalisation added QR15bn this week, notwithstanding global apprehensions over sharp US interest rate hike.
The banking and telecom counters witnessed higher than average demand as the 20-stock Qatar Index vaulted 2.28% this week, which saw global credit rating agency Moody’s view that Qatar and Oman are among the Gulf countries to benefit the most from the high oil prices.
The foreign institutions were increasingly net buyers this week, which saw Moody’s senior analyst Nitish Bhojnagarwala opine that Qatar’s banks are expected to improve the bottom-line this year.
More than 53% of the traded constituents extended gains to investors this week, which saw the bourse report that Qatar Insurance Company will replace Salam International Investment in the main barometer, effective from October 1.
The Gulf institutions were seen bullish, albeit at lower levels, this week, which saw Qatar’s consumer price index inflation jump 4.8% on an annualised basis this August.
However, the domestic funds were increasingly net sellers this week, which saw Qatar Central Bank Governor HE Sheikh Bandar bin Mohamed bin Saoud al-Thani disclose that the country’s Islamic banks’ asset amount to $154bn at the end of June 30, 2022.
The local retail investors’ net selling grew considerably this week, which saw a total of 0.23mn Masraf Al Rayan-sponsored exchange traded fund QATR worth QR0.64mn trade across 41 deals.
The Gulf funds turned net profit takers this week, which saw as many as 0.2mn Doha Bank-sponsored QETF valued at QR2.53mn change hands across 83 transactions.
The overall trading turnover and volumes were on the increase in the main market and similar was the trend in the venture market this week, which saw the industrials and banking sectors together constitute about 57% of the total trade volume in the main market.
Market capitalisation gained QR14.89bn or 2.07% to QR734.34bn, mainly on large and midcap segments this week, which saw no trading of sovereign bonds.
The Total Return Index zoomed 2.28%, the All Share Index by 2.47% and the All Islamic Index by 0.85% this week, which saw no trading of treasury bills.
The banks and financial services sector index shot up 4.71%, telecom (3.76%), real estate (0.85%), insurance (0.77%) and industry (0.37%); while transport declined 3.18% and consumer goods and services 1.13% this week.
Major gainers in the main market included Qatar Islamic Bank, QNB, Ooredoo, Commercial Bank, QLM, Alijarah Holding, Inma Holding, Qatari German Medical Devices, Medicare Group, Qatar Electricity and Water and United Development Company.
In the venture market, Mekdam Holding saw its shares appreciate in value this week.
Nevertheless, Mannai Corporation, Qatar Cinema and Film Distribution, Milaha, Widam Food, Ezdan, Doha Bank, Qatar National Cement, Estithmar Holding and Nakilat were among the losers in the main market.
In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign funds’ net buying increased significantly to QR539.44mn compared to QR120.91mn the week ended September 8.
The Arab institutions turned net buyers to the tune of QR0.67mn against net sellers of QR0.37mn the previous week.
However, the domestic institutions’ net selling grew substantially to QR377.57mn compared to QR88.06mn a week ago.
The local retail investors’ net selling expanded drastically to QR138.37mn against QR58.05mn the week ended September 8.
The Gulf institutions were net profit takers to the extent of QR21.54mn.
The Gulf individuals turned net sellers to the tune of QR7.66mn compared with net buyers of QR24.65mn a week ago.
The Arab individuals’ net buying decreased markedly to QR3.78mn against QR17.27mn the week ended September 8.
The foreign individuals’ net buying weakened perceptibly to QR1.26mn compared to QR4.78mn the previous week.
Total trade volume in the main market soared 12% to 760.34mn shares and value by 35% to QR3.4bn; whereas deals were down 8% to 84,778.
The venture market reported a 3% jump in trade volumes to 1.16mn stocks, 19% in value to QR8.27mn and 9% in transactions to 443.
The banking and telecom counters witnessed higher than average demand as the 20-stock Qatar Index vaulted 2.28% this week, which saw global credit rating agency Moody’s view that Qatar and Oman are among the Gulf countries to benefit the most from the high oil prices.
The foreign institutions were increasingly net buyers this week, which saw Moody’s senior analyst Nitish Bhojnagarwala opine that Qatar’s banks are expected to improve the bottom-line this year.
More than 53% of the traded constituents extended gains to investors this week, which saw the bourse report that Qatar Insurance Company will replace Salam International Investment in the main barometer, effective from October 1.
The Gulf institutions were seen bullish, albeit at lower levels, this week, which saw Qatar’s consumer price index inflation jump 4.8% on an annualised basis this August.
However, the domestic funds were increasingly net sellers this week, which saw Qatar Central Bank Governor HE Sheikh Bandar bin Mohamed bin Saoud al-Thani disclose that the country’s Islamic banks’ asset amount to $154bn at the end of June 30, 2022.
The local retail investors’ net selling grew considerably this week, which saw a total of 0.23mn Masraf Al Rayan-sponsored exchange traded fund QATR worth QR0.64mn trade across 41 deals.
The Gulf funds turned net profit takers this week, which saw as many as 0.2mn Doha Bank-sponsored QETF valued at QR2.53mn change hands across 83 transactions.
The overall trading turnover and volumes were on the increase in the main market and similar was the trend in the venture market this week, which saw the industrials and banking sectors together constitute about 57% of the total trade volume in the main market.
Market capitalisation gained QR14.89bn or 2.07% to QR734.34bn, mainly on large and midcap segments this week, which saw no trading of sovereign bonds.
The Total Return Index zoomed 2.28%, the All Share Index by 2.47% and the All Islamic Index by 0.85% this week, which saw no trading of treasury bills.
The banks and financial services sector index shot up 4.71%, telecom (3.76%), real estate (0.85%), insurance (0.77%) and industry (0.37%); while transport declined 3.18% and consumer goods and services 1.13% this week.
Major gainers in the main market included Qatar Islamic Bank, QNB, Ooredoo, Commercial Bank, QLM, Alijarah Holding, Inma Holding, Qatari German Medical Devices, Medicare Group, Qatar Electricity and Water and United Development Company.
In the venture market, Mekdam Holding saw its shares appreciate in value this week.
Nevertheless, Mannai Corporation, Qatar Cinema and Film Distribution, Milaha, Widam Food, Ezdan, Doha Bank, Qatar National Cement, Estithmar Holding and Nakilat were among the losers in the main market.
In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign funds’ net buying increased significantly to QR539.44mn compared to QR120.91mn the week ended September 8.
The Arab institutions turned net buyers to the tune of QR0.67mn against net sellers of QR0.37mn the previous week.
However, the domestic institutions’ net selling grew substantially to QR377.57mn compared to QR88.06mn a week ago.
The local retail investors’ net selling expanded drastically to QR138.37mn against QR58.05mn the week ended September 8.
The Gulf institutions were net profit takers to the extent of QR21.54mn.
The Gulf individuals turned net sellers to the tune of QR7.66mn compared with net buyers of QR24.65mn a week ago.
The Arab individuals’ net buying decreased markedly to QR3.78mn against QR17.27mn the week ended September 8.
The foreign individuals’ net buying weakened perceptibly to QR1.26mn compared to QR4.78mn the previous week.
Total trade volume in the main market soared 12% to 760.34mn shares and value by 35% to QR3.4bn; whereas deals were down 8% to 84,778.
The venture market reported a 3% jump in trade volumes to 1.16mn stocks, 19% in value to QR8.27mn and 9% in transactions to 443.