Strong interests in buying foreign funds elevate sentiment; the index adds 244 points


The Qatar Stock Exchange gained more than 244 points this week, mainly thanks to strong buying interests from foreign institutions.
Industry and telecommunications meters saw above-average demand as the Qatar 20-stock index climbed 2.18% this week, allowing global rating agency Standard and Poor’s to estimate that business sentiment in Qatar is expected to improve in the second half of this year.
Gulf funds have been increasingly net buyers this week, which saw Qatar’s trade surplus nearly triple year-on-year to reach QR 19.2 billion in August 2021.
Arab individuals became net buyers this week, helping Qatar to record 4% year-on-year real growth in the second quarter of this year, mostly fueled by the non-oil sectors.
About 71% of components traded in the main market increased their earnings this week, which saw a report from Kamco Invest that Qatar’s project market grew 215% year-on-year, the fastest growing in the region. Gulf, during the first half of this year. .
Domestic institutions were nonetheless seen as net sellers this week, which saw shares of Commercial Bank and Industries Qatar (IQ) hit a 52-week high.
Local and Gulf retail investors were seen as net sellers this week, which saw a total of 443,651 Masraf Al Rayan-sponsored QATR exchange-traded funds valued at QR 1.13 million change hands. out of 53 transactions.
The Islamic index has advanced more slowly than conventional indices this week, which saw a total of 106,654 Bank of Doha sponsored QETFs valued at QRF 1.2 million across 22 transactions.
Market cap saw over QR12 billion or 1.9% rise to QR 661.26 billion, mostly in large and mid-cap segments this week which saw industrials, banking and consumer goods sectors build up. together about 81% of the total trade volume.
The total return index jumped 2.18%, the All Share index 1.77% and the All Islamic index 1.72% this week, which saw the governor of the central bank of Qatar HE Sheikh Abdullah bin Saoud al-Thani considers the country’s banking sector to remain ‘safe, healthy and strong’.
The industrial sector index jumped 5.53%, telecoms (2.96%), real estate (1.4%), banks and financial services (0.83%) and transport (0, 3%); while insurance was down 0.71% and consumer goods and services 0.19% this week which saw no trading in sovereign bonds.
The main players are IQ, Qatar Industrial Manufacturing, Gulf International Services, Investment Holding Group, Commercial Bank, Ooredoo, Qatar Islamic Bank, Doha Bank, Salam International Investment, Mannai Corporation, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Qamco, Barwa, United Development Company and Vodafone Qatar in the main market and Mekdam Holding in the junior market this week, which saw no T-bill trading.
Nonetheless, Qatar Cinema and Film Distribution, Qatar General Insurance and Reinsurance, Medicare Group, Al Meera, Qatar First Bank, Al Khaliji and Aamal Company were among the losers this week which saw overall revenue and volumes increase over the main market. , while they were in decline in the venture capital market.
The industrial sector represented 48% of the total volume of trade, banking and financial services (19%), consumer goods and services (14%), real estate (7%), telecommunications (6%), transport (5%) and insurance (2%) this week.
In terms of value, the share of the industrial sector stands at 38%, banks and financial services (33%), consumer goods and services (9%), transport (7%), telecoms (6%), real estate (4%) and insurance (2%) this week.
Net purchases of foreign funds increased significantly to reach QR 196.33 million from QR 25.69 million in the week ended September 23.
Net purchases by Gulf institutions rose sharply to QR 30.62 million from QR 24.05 million the previous week.
Arab individuals became net buyers to the tune of QR 7.07 million against net profit takers of QR 3.56 million a week ago.
However, net sales of domestic funds increased significantly to reach QR 173.43 million from QR 51.51 million in the week ended September 23.
Local retail investors were net sellers of QR 56.73 million against net buyers of QR 0.12 million the week before.
Foreign individuals became net sellers to the tune of QR 2.55 million against net buyers of QR 3.87 million a week ago.
Gulf individuals were net profit takers of QR 1.32 million against net buyers of QR 1.46 million in the week ended September 23.
Arab institutions had no major net exposure compared to net sellers of QR 0.13 million the previous week.
The total volume of trading in the main market increased by 30% to 902.74 million shares, the value by 46% to QR 2.58 billion, and transactions by 30% to 54,334. In the capital market -risk, volumes fell 15% to 0.47 million shares, value 17% to QR 1.16 billion, and trades 9% to 82.
In the main market, the transport sector trade volume more than doubled to 41.2 million shares and the value also more than doubled to QR 178.56 million on trades nearly doubled to 3,121 .
The telecommunications sector’s trade volume more than doubled to 51.27 million shares, value soared 73% to QR 165.78 million, and transactions by 60% to 5,364.
The banking and financial services sector saw a 32% increase in trading volume to 167.4 million shares, a 65% increase in value to QR 862.1 million and a 33% increase in transactions to 17,590.
The industrial sector’s trade volume jumped 30% to 432.32 million shares, the value 32% to QR982.11 million and transactions 23% to 17,805.
Insurance sector trade volume increased 25% to 19.49 million shares, 24% in value to QR 51.12 million, and trades by 74% to 995 million.
The trade volume of the consumer goods and services sector increased by 19% to 130.84 million shares, its value by 25% to QR 244.98 and transactions by 35% to 5,571.
However, the real estate sector reported an 8% contraction in trading volume to 60.23 million shares, but a 2% jump in value to QR 97.6 million despite a 14% drop in trades to 3. 888.

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