The Qatar Stock Exchange (QSE) saw its key index gain more than 80 points and capitalisation add QR6.46bn this week, which recorded rising world oil prices on geopolitical tensions in the Middle East.
The foreign institutions were seen bullish as the 20-stock Qatar Index settled 0.79% higher this week which saw the global index compiler FTSE Russell include Baladna and Gulf Warehousing in its microcap indices.
The real estate, insurance, banking and transport counters witnessed higher than average demand in the main market this week which saw Qatar’s trade surplus amount to QR20.13bn in June 2024.
The Arab individuals were seen increasingly net buyers in the main bourse this week which saw Estithmar Holding issue QR500mn sukuk, the first corporate Islamic bond in local currency.
About 83% of the traded constituents extended gains to investors in the main market this week which saw Lesha Bank acquired a residential building in the Pearl Qatar.
The domestic institutions continued to be net buyers but with lesser intensity in the main bourse this week, which saw Mannai Infotech and Businessnext ink strategic agreement to digitally transform the country’s banking sector.
The Gulf funds were increasingly net sellers in the main market this week which saw a total of 0.05mn Masraf Al Rayan-sponsored exchange-traded fund QATR worth QR0.12mn trade across 12 deals.
The local retail investors were also increasingly net profit takers in the main bourse this week which saw as many as 0.01mn Doha Bank-sponsored exchange-traded fund QETF valued at QR0.05mn change hands across 10 transactions.
The foreign individuals were seen bearish in the main market this week which saw the banks and industrials sectors together constitute about 51% of the total trade volumes.
The Islamic index was seen gaining faster than the main barometer in the main bourse this week, which saw no trading of sovereign bonds.
Market capitalisation added 1.1% to QR591.64bn on the back of large and midcap segments this week, which saw no trading of treasury bills.
Trade turnover and volumes were on the rise in the main market, while in the venture market; both trade volumes and value were on the decline this week.
The Total Return Index rose 0.79%, the All Share Index by 1% and the All Islamic Index by 0.86% this week.
The realty index shot up 3.1%, insurance (2.39%), banks and financial services (1.32%), transport (0.9%), industrials (0.41%) and telecom (0.4%); while consumer goods and services declined 0.63% this week.
Major gainers in the main bourse included Qatar General Insurance and Reinsurance, QLM, Mazaya Qatar, Gulf Warehousing, Barwa, QNB, Masraf Al Rayan, Lesha Bank, Alijarah Holding, Inma Holding, Salam International Investment, Mekdam Holding, Al Faleh Educational Holding, Aamal Company, Qamco, Ezdan and Milaha. In the venture market, Al Mahhar Holding saw its shares appreciate in value this week.
Nevertheless, Woqod, Doha Bank, Qatar Cinema and Film Distribution, Qatari Investors Group and Estithmar Holding were among the shakers in the market. In the junior bourse, Techno Q saw its shares depreciate in value this week.
The foreign funds turned net buyers to the tune of QR31.72mn against net sellers of QR18.43mn the week ended August 22.
The Arab individual investors’ net buying increased noticeably to QR9.13mn compared to QR0.55mn a week ago.
The Gulf individuals were net buyers to the extent of QR0.09mn against net profit takers of QR3.19mn the previous week.
However, the Gulf funds’ net selling strengthened substantially to QR29.01mn compared to QR4.25mn the week ended August 22.
The local individual investors’ net profit booking grew marginally to QR25.12mn against QR24.5mn a week ago.
The foreign retail investors turned net sellers to the tune of QR3.2mn compared with net buyers of QR1.39mn the previous week.
The Arab institutions’ net profit booking rose marginally to QR0.09mn against QR0.05mn the week ended August 22.
The domestic funds’ net buying weakened substantially to QR16.49mn compared to QR48.48mn a week ago.
The main market witnessed 56% surge in trade volumes to 826.34mn shares, 53% in value to QR2.01bn and 32% in deals to 72,582 this week.
In the venture market, trade volumes tanked 65% to 6.58mn equities, value by 61% to QR15.11mn and 6% in transactions to 674.
The foreign institutions were seen bullish as the 20-stock Qatar Index settled 0.79% higher this week
