Local and non-Qatari retail investors turn bullish on QSE
January 31 2020 08:47 PM

Local and non-Qatari retail investors turned bullish this week which otherwise saw the Qatar Stock Exchange drift southwards.
Three of the five sessions were under strong selling pressure this week which saw Commercial Bank suggest 20% cash dividend for 2019.
Industrials, consumer goods and real estate counters witnessed higher than average profit booking pressure this week, which saw Woqod recommend 80% cash dividend for 2019.
Both foreign and domestic institutions turned profit takers, thus dragging the 20-stock Qatar Index more than 182 points or 1.71% this week which saw QIIB suggest 42.5% cash dividend for 2019.
More than 67% of the traded constituents were in the red this week which saw no trading of sovereign bonds and treasury bills.
Market capitalisation eroded QR10bn or 1.75% to QR579.47bn mainly on large and midcap equities this week which saw as many as 132,972 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR333,073 traded across 16 transactions.
Islamic stocks were seen declining faster than other conventional entities this week which saw a total of 41,282 Doha Bank sponsored QETF worth QR428,550 changed hands across 13 deals.
Trade turnover and volumes were on the decline this week which saw Qatar National Cement announce 30% cash dividend for shareholders for 2019.
The Total Return Index declined 1.71%; Al Rayyan Islamic Index 1.92% and All Share Index 1.62% this week which saw Alijarah Holding announce 5% cash dividend.
The industrials index tanked 3.24%, consumer goods (2.18%), real estate (2.15%), transport (1.33%), banks and financial services (1.16%) and telecom (0.94%); while insurance was up 0.02% this week which saw banking and realty sector together accounted for about 58% of the total volume.
More than 67% of the traded stocks were in the red with major losers being Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Qatar National Cement, Aamal Company, Woqod, United Development Company, Barwa, Ezdan, Nakilat, Vodafone Qatar, QNB, Doha Bank, Commercial Bank and Mannai Corporation; even as Doha Insurance, Qatar First Bank, Alijarah Holding, Qatari German Company for Medical Devices, Baladna and Al Khaleej Takaful were among the gainers this week.
Foreign funds turned net sellers to the tune of QR41.7mn compared with net buyers of QR137.68mn the previous week.
Domestic institutions were also net sellers to the extent of QR6.06mn against net buyers of QR108.3mn a week ago.
However, Qataris were net buyers to the tune of QR41mn compared with net sellers of QR233.06mn the previous week.
Non-Qatari individuals turned net buyers to the extent of QR6.67mn against net profit takers of QR12.91mn a week ago.
The banks and financial services sector accounted for 35% of total volume, realty (22%), industrials (17%), consumer goods (14%), telecom (6%), transport (3%) and insurance (2%) this week.
In terms of value, banks and financial services’ share stood at 53% of the total, industrials (17%), consumer goods (10%), real estate (9%), telecom (5%), transport (3%) and insurance (2%) this week.
Total trade volume fell 35% to 343.16mn shares, value by 28% to QR877.86mn and transactions by 7% to 21,702.
The real estate sector’s trade volume plummeted 57% to 76.64mn equities, value by 50% to QR79.45mn and deals by 38% to 2,373.
There was 53% plunge in the transport sector’s trade volume to 10.1mn stocks, 54% in value to QR29.58mn and 22% in transactions to 672.
The banks and financial services sector’s trade volume tanked 39% to 121.55mn shares, value by 31% to QR465.08mn and deals by less than 1% to 9,569.
The telecom sector reported 31% shrinkage in trade volume to 19.84mn equities, 41% in value to QR47.41mn and 22% in transactions to 1,721.
The industrials’ sector’s trade volume was down 4% to 58.07mn stocks, while value gained 39% to QR147.5mn and deals by 11% to 4,139.
However, the insurance sector’s trade volume more than doubled to 7.73mn shares and value also more than doubled to QR19.22mn on 58% jump in transactions to 754.
The consumer goods sector saw 31% surge in trade volume to 49.23mn equities but on 4% fall in value to QR89.62mn and 7% in deals to 2,474.

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