Foreign institutions' sustained buying interests lifted the Qatar Stock Exchange this week which saw crude showing signs of strength on rising global fuel demand.
Foreign and Gulf individuals were seen bullish as the 20-stock Qatar Index settled 0.43% higher this week which saw QIIB board recommending up to 100% foreign ownership limit.
The transport and industrials counters experienced higher than average demand this week which saw United Development Company enter into a pact with Commercial Bank for QR150mn general corporate banking facility.
Foreign individuals were seen net buyers this week which saw a total of 638,672 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR1.54mn change hands across 81 deals.
The Gulf institutions continued to be net buyers but with lesser intensity this week which saw a total of 72,583 Doha bank-sponsored QETF valued at QR764,759 trade across 11 transactions.
Market capitalisation saw about QR2bn or 0.27% increase to QR626.45bn, mainly on small and midcap segments this week which saw the industrials and consumer goods and services sectors together constitute more than 65% of the total trade volume.
The transport sector gained 1.29%, industrials (1.03%), banks and financial services (0.21%) and real estate (0.12%); while insurance declined 1.42%, telecom (0.73%) and consumer goods and services (0.41%) this week which nevertheless saw shakers being more than gainers.
Major gainers included Industries Qatar, Nakilat, Qatar Islamic bank, Qatar National Cement, Milaha, Qamco, Qatari German Medical Devices, Investment Holding Group, Mannai Corporation, Doha Bank, Ahlibank Qatar and Widam Food this week which saw no trading of sovereign bonds.
Major losers included QNB, Mazaya Qatar, Gulf International Services, Qatar General Insurance and Reinsurance, Doha Insurance, Medicare Group, Qatar Islamic Insurance and Vodafone Qatar this week which saw no trading of treasury bills.
The overall trade turnover and volumes were on the increase this week which saw the consumer goods and services accounted for 34% of the total trade volume, industrials (31%), banks and financial services (17%), real estate (12%), telecom (3%), transport (2.09%) and insurance (1%) this week.
In terms of value, the banks and financial services sector’s share was 32% of the total, industrials (26%), consumer goods and services (23%), realty (8%), telecom (6%), transport (4%) and insurance (1%) this week.
The foreign funds’ net buying rose considerably to QR112.86mn compared to QR77.29mn the week ended June 24.
Foreign individuals turned net buyers to the tune of QR4.39mn against net sellers of QR13.35mn the previous week.
The Gulf individuals were net buyers to the extent of QR0.86mn compared with net sellers of QR4.55mn a week ago.
The Arab individuals’ net profit booking fell markedly to QR6.93mn against QR13.46mn the week ended June 24.
However, the domestic funds’ net selling grew significantly to QR92.18mn compared to QR36.6mn the previous week.
Qatari individuals’ net profit booking strengthened perceptibly to QR27.83mn against QR26.54mn a week ago.
The Arab institutions’ net selling grew marginally to QR0.21mn compared to QR0.01mn the week ended June 24.
The Gulf institutions’ net buying weakened markedly to QR9.03mn against QR17.23mn the previous week.
Total trade volume rose 49% to 875.62mn shares, value by 21% to QR1.88bn and transactions by 2% to 43,603.
The consumer goods and services sector’s trade volume more than doubled to 297.2mn equities and value also more than doubled to QR430.7mn on 88% increase in deals to 9,122.
The banks and financial services sector saw 55% surge in trade volume to 148.34mn stocks, 28% in value to QR606.55mn and less than 1% in transactions to 12,369.
The industrials sector’s trade volume shot up 53% to 271.98mn shares, value by 21% to QR482.51mn and deals by 8% 10,378.
There was 50% expansion in the transport sector’s trade volume to 18.26mn equities, 71% in value to QR72.89mn and less than 1% in transactions to 1,647.
However, the insurance’s sector’s trade volume plummeted 52% to 8.27mn stocks, value by 57% to QR27.34mn and deals by 38% to 852.
The market witnessed 26% plunge in the telecom sector’s trade volume to 28.12mn shares, 36% in value to QR107.18mn and 34% in transactions to 4,847.
The real estate sector’s trade volume shrank 22% to 103.45mn equities, value by 30% to QR150.34mn and deals by 24% to 4,388.
Foreign and Gulf individuals were seen bullish as the 20-stock Qatar Index settled 0.43% higher this week which saw QIIB board recommending up to 100% foreign ownership limit.
The transport and industrials counters experienced higher than average demand this week which saw United Development Company enter into a pact with Commercial Bank for QR150mn general corporate banking facility.
Foreign individuals were seen net buyers this week which saw a total of 638,672 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR1.54mn change hands across 81 deals.
The Gulf institutions continued to be net buyers but with lesser intensity this week which saw a total of 72,583 Doha bank-sponsored QETF valued at QR764,759 trade across 11 transactions.
Market capitalisation saw about QR2bn or 0.27% increase to QR626.45bn, mainly on small and midcap segments this week which saw the industrials and consumer goods and services sectors together constitute more than 65% of the total trade volume.
The transport sector gained 1.29%, industrials (1.03%), banks and financial services (0.21%) and real estate (0.12%); while insurance declined 1.42%, telecom (0.73%) and consumer goods and services (0.41%) this week which nevertheless saw shakers being more than gainers.
Major gainers included Industries Qatar, Nakilat, Qatar Islamic bank, Qatar National Cement, Milaha, Qamco, Qatari German Medical Devices, Investment Holding Group, Mannai Corporation, Doha Bank, Ahlibank Qatar and Widam Food this week which saw no trading of sovereign bonds.
Major losers included QNB, Mazaya Qatar, Gulf International Services, Qatar General Insurance and Reinsurance, Doha Insurance, Medicare Group, Qatar Islamic Insurance and Vodafone Qatar this week which saw no trading of treasury bills.
The overall trade turnover and volumes were on the increase this week which saw the consumer goods and services accounted for 34% of the total trade volume, industrials (31%), banks and financial services (17%), real estate (12%), telecom (3%), transport (2.09%) and insurance (1%) this week.
In terms of value, the banks and financial services sector’s share was 32% of the total, industrials (26%), consumer goods and services (23%), realty (8%), telecom (6%), transport (4%) and insurance (1%) this week.
The foreign funds’ net buying rose considerably to QR112.86mn compared to QR77.29mn the week ended June 24.
Foreign individuals turned net buyers to the tune of QR4.39mn against net sellers of QR13.35mn the previous week.
The Gulf individuals were net buyers to the extent of QR0.86mn compared with net sellers of QR4.55mn a week ago.
The Arab individuals’ net profit booking fell markedly to QR6.93mn against QR13.46mn the week ended June 24.
However, the domestic funds’ net selling grew significantly to QR92.18mn compared to QR36.6mn the previous week.
Qatari individuals’ net profit booking strengthened perceptibly to QR27.83mn against QR26.54mn a week ago.
The Arab institutions’ net selling grew marginally to QR0.21mn compared to QR0.01mn the week ended June 24.
The Gulf institutions’ net buying weakened markedly to QR9.03mn against QR17.23mn the previous week.
Total trade volume rose 49% to 875.62mn shares, value by 21% to QR1.88bn and transactions by 2% to 43,603.
The consumer goods and services sector’s trade volume more than doubled to 297.2mn equities and value also more than doubled to QR430.7mn on 88% increase in deals to 9,122.
The banks and financial services sector saw 55% surge in trade volume to 148.34mn stocks, 28% in value to QR606.55mn and less than 1% in transactions to 12,369.
The industrials sector’s trade volume shot up 53% to 271.98mn shares, value by 21% to QR482.51mn and deals by 8% 10,378.
There was 50% expansion in the transport sector’s trade volume to 18.26mn equities, 71% in value to QR72.89mn and less than 1% in transactions to 1,647.
However, the insurance’s sector’s trade volume plummeted 52% to 8.27mn stocks, value by 57% to QR27.34mn and deals by 38% to 852.
The market witnessed 26% plunge in the telecom sector’s trade volume to 28.12mn shares, 36% in value to QR107.18mn and 34% in transactions to 4,847.
The real estate sector’s trade volume shrank 22% to 103.45mn equities, value by 30% to QR150.34mn and deals by 24% to 4,388.
