The increased buying interests of foreign and Gulf funds placed the Qatar Stock Exchange’s key barometer near 11,900 levels this week.
The transport and banking counters witnessed higher than average demand as the 20-stock Qatar Index gained 1.78% this week which saw Qatar Islamic Bank report net profit of QR2.53bn in the first nine months (9M) of this year.
The foreign individuals’ increased net buying also had its influence in lifting the sentiments this week which saw Masraf Al Rayan report QR1.71bn net profit in 9M- 2021.
More than 55% of the traded stocks extended gains to investors this week which saw Barwa’s 9M net profit at QR735.79mn.
The Gulf individuals’ net selling weakened perceptibly this week which saw Woqod’s 9M net profit at QR690.8mn.
Nevertheless, the domestic institutions were increasingly net profit takers this week which saw Al Khaliji report net profit of QR560.83mn in 9M-2021.
The local retail investors were also seen increasingly into net selling this week which however saw QNB, Commercial Bank, Doha Bank, QIIB, Masraf Al Rayan, Industries Qatar (IQ) and Aamal Company equities touch 52-week high.
The Arab individuals continued to be net buyers but with lesser intensity this week which saw a total of 141,788 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR374,226 change hands across 31 transactions.
The Islamic index was seen gaining slower than the other indices this week which saw a total of 51,869 Doha Bank-sponsored QETF valued at QR597,423 trade across nine deals.
Market capitalisation saw about QR9bn or 1.27% increase to QR684.39bn, mainly on large and microcap segments this week which saw the industrials, banking and consumer goods sectors together constitute about 76% of the total trade volume.
The Total Return Index gained 1.78%, All Share Index by 1.61% and All Islamic Index by 1.08% this week which saw Ezdan and United Development Company (UDC) report net profit of QR233.42mn and QR179mn respectively in 9M-2021.
The transport sector index soared 3.11%, banks and financial services (1.36%), consumer goods and services (0.96%), insurance (0.77%) and realty (0.65%); while telecom was down 0.41% this week which saw Qatar First Bank exits its first US real estate investment, expecting to generate more than 9% internal rate of return.
Major gainers in the main market included Gulf International Services, Mannai Corporation, QLM, Nakilat, Masraf Al Rayan, QNB, Commercial Bank, Doha Bank, Medicare Group, IQ, Aamal Company, Qatar Islamic Insurance and UDC. In the venture market, Mekdam Holding saw its shares shine this week which saw no trading of sovereign bonds.
Nevertheless, Qatari German Medical Devices, Mazaya Qatar, Qamco, Alijarah Holding, Ezdan, Inma Holding, Salam International Investment, Baladna and Qatari Investors Group were among the shakers in the main market. In the venture market, Al Faleh Educational Holding saw their equities lose sheen this week which saw no trading of treasury bills.
The overall trade turnover grew amidst lower volumes in the main market and the junior bourse saw decline in the volume and value this week which saw Gulf Warehousing incorporate Synergy Shipping Services.
In the main market, the industrials sector accounted for 40% of the total trade volume, consumer goods and services (18%), banks and financial services (18%), real estate (14%), transport (7%), telecom (2%) and insurance (1%) this week.
In terms of value, the industrials sector’s share was 34%, banks and financial services (32%), transport (12%), consumer goods and services (11%), realty (7%), telecom (2%) and insurance (1%) this week.
The foreign funds’ net buying rose perceptibly to QR413.11mn against QR405.49mn the week ended October 14.
The Gulf institutions’ net buying grew considerably to QR94.98mn compared to QR21.35mn the previous week.
The foreign individuals’ net buying increased markedly to QR13.93mn against QR6.93mn a week ago.
The Gulf individuals’ net selling weakened notably to QR12.75mn compared to QR14.44mn the week ended October 14.
However, the domestic funds’ net profit booking grew noticeably to QR399.36mn against QR388.72mn the previous week.
The Qatari individuals’ net selling grew drastically to QR120.47mn compared to QR63.83mn a week ago.
The Arab individuals’ net buying weakened substantially to QR10.55mn against QR33.2mn the week ended October 14.
The Arab funds continued to have no major next exposure for the last 10 days.
Total trade volume in the main market fell 4% to 1.2mn shares, while value grew 8% to QR3.37bn and transactions by 1% to 70,560.
The consumer goods and services sector’s trade volume tanked 21% to 211.71mn equities, value by 27% to QR382.52n and deals by 5% to 8,279.
The market witnessed 18% shrinkage in the industrials sector’s trade volume to 484.36mn stocks, 4% in value to QR1.15bn and 8% in transactions to 19,619.
The insurance sector’s trade volume declined 18% to 13.26mn shares, whereas value was up 1% to QR46.45mn and deals by 5% to 1,004.
The market witnessed 15% contraction in the telecom sector’s trade volume to 22.8mn equities, 21% in value to QR63.77mn and 31% in transactions to 3,069.
However, the transport sector’s trade volume more than doubled to 84.47mn stocks and value almost tripled to QR388.45mn on almost doubled deals to 4,824.
The banks and financial services sector saw 42% surge in trade volume to 215.94mn shares, 21% in value to QR1.09bn and 4% in transactions to 27,518.
The real estate sector’s trade volume was up 3% to 168.01mn equities, value by 7% to QR248.46mn and deals by 7% to 6,247.
In the venture market, volumes plummeted 50% to 0.34mn stocks, value by 28% to QR1.65bn and transactions by 34% to 82.