Chinese stimulus plan bolsters QSE as index vaults 118 points; Islamic stocks outperform
The foreign institutions were seen increasingly net buyers as the 20-stock Qatar Index shot up 1.12% in the week.
The foreign institutions were seen increasingly net buyers as the 20-stock Qatar Index shot up 1.12% this week which saw Ooredoo sign QR2bn financing pact with QNB, Doha Bank, and Masraf Al Rayan.
An across the board buying, notably in the real estate and telecom counters, lifted the sentiments in the main bourse this week. About 58% of the traded constituents extended gains to investors in the main market.
The Arab institutions were seen net buyers in the main bourse this week which saw QIIB issue a $300mn additional Tier-1 sukuk.
The Gulf individuals continued to be net buyers but with lesser intensity in the main market this week, which saw Commercial Bank issue largest ever Green CHF-denominated bond.
The local retail investors were seen increasingly into net selling in the main bourse this week which saw a total of 0.03mn Masraf Al Rayan-sponsored exchange-traded fund QATR worth QR0.06mn trade across 15 deals.
The domestic funds turned net profit takers in the main market this week which saw as many as 0.02mn Doha Bank-sponsored exchange-traded fund QETF valued at QR0.24mn change hands across 13 transactions.
The Gulf institutions were increasingly bearish in the main bourse this week which saw the realty and banking sectors together constitute about 58% of the total trade volumes.
The Islamic index was seen outperforming the other indices in the main market this week, which saw no trading of sovereign bonds.
Market capitalisation added 1.56% to QR618.07bn on the back of large and midcap segments this week, which saw no trading of treasury bills.
Trade turnover fell amidst higher volumes in the main market this week, which saw Al Faleh Mesaieed Petrochemical Holding and Qatar Industrial Manufacturing in a local consortium to establish industrial and table salt project.
The Total Return Index rose 1.12%, the All Share Index by 1.09% and the All Islamic Index by 1.4% this week, which saw international credit rating agency Fitch say the issuance in Qatar’s debt capital market is slated to be broadly stable.
The real estate sector index zoomed 5.49%, telecom (1.54%), banks and financial services (1.09%), insurance (1.02%), consumer goods and services (1.01%), transport (0.76%) and industrials (0.46%) this week which saw Baladna’s move to establish an integrated dairy and poultry project in Algeria.
Major gainers in the main market included Ezdan, Alijarah Holding, Mazaya Qatar, Aamal Company, Barwa, Commercial Bank, Masraf Al Rayan, Qatar Oman Investment, Salam International Investment, Woqod, Qatari Investors Group, Qatar Electricity and Water, Qamco, Ooredoo and United Development Company.
In the venture market, both Al Mahhar Holding and Techno Q saw their shares appreciate in value this week.
Nevertheless, Inma Holding, QLM, Qatar German Medical Devices, Qatar Islamic Insurance, Doha Bank, Al Faleh Educational Holding, Meeza and Gulf International Services were among the losers in the main bourse this week.
The foreign funds’ net buying increased substantially to QR157.26mn compared to QR11.26mn the week ended September 19.
The Arab institutions turned net buyers to the tune of QR0.47mn against net profit takers of QR0.38mn the previous week.
However, the Qatari retail investors’ net selling grew significantly to QR76.09mn compared to QR56.3mn a week ago.
The domestic funds were net sellers to the extent of QR53.63mn against net buyers of QR47.37mn the week ended September 19.
The Arab individuals’ net profit booking strengthened noticeably to QR25.95mn compared to QR10.49mn the previous week.
The Gulf institutions turned net sellers to the tune of QR3.88mn against net buyers of QR0.18mn a week ago.
The foreign individuals’ net buying weakened perceptibly to QR0.92mn compared to QR6.79mn the week ended September 19.
The Gulf individual investors’ net buying eased marginally to QR0.88mn against QR1.56mn the previous day.
The main market witnessed a 7% jump in trade volumes to 983.92mn shares but on 3% fall in value to QR2.06bn amidst 17% growth in deals to 776,583 this week.
In the venture market, trade volumes soared 28% to 1.4mn equities, value by 25% to QR3.27mn and transactions by 4% to 125.
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