2025-06-15
Foreign Funds Seen Increasingly Bullish As QSE Gains 68 Points; M-Cap Adds QR2.7bn
Early indications of the US-China trade talks had its reflection on the Qatar Stock Exchange (QSE) as its key index gained as much as 68 points and capitalisation added about QR3bn this week.
The foreign funds were seen bullish as the 20-stock Qatar Index rose 0.65% this week which saw the Qatar Financial Markets Authority’s 2024 annual report disclose that the QSE-listed firms undertook five indirect acquisitions valued at QR583mn during 2024.
The banking counter witnessed higher than average demand this week which saw Doha Bank disclose that a leading domestic investor acquired a portion of Qatar Investment Authority’s stake in it.
However, the local retail investors turned net profit takers in the main market this week which saw a Qatar Financial Centre report suggest that Doha can leverage its robust financial infrastructure to develop and list more sector-specific exchange traded funds or ETFs such as those focused on energy, financial service, and construction and real estate.
The Arab individuals were seen increasingly bearish in the main bourse this week which saw a total of 10,112 AlRayan Bank-sponsored exchange traded fund QATR worth QR0.02mn trade across nine deals.
More than 51% of the traded constituents were in the red in the main market this week which saw as many as 1,569 Doha Bank-sponsored exchange-traded fund QETF valued at QR0.02mn change hands across four transactions.
The Gulf retail investors turned net profit takers in the main bourse this week which saw as many as 0.1mn sovereign bonds valued at QR1.04bn change hands across three transactions.
The domestic funds were seen net sellers in the main market, which saw no trading of treasury bills.
The foreign individuals turned bearish in the main bourse this week which saw Bait Al Mashura Finance Consultations -- the country's first certified entity authorised to provide Shariah audit, investment advisory, and financial consulting services to Islamic financial institutions – disclose that Qatar’s Islamic finance sector saw a 4.1% year-on-year growth in assets to QR683bn during 2024.
The Islamic index was seen gaining slower than the other indices of the main market this week, which saw A M Best, a global insurance rating agency, confirm ‘A-(Excellent)’ rating on Qatar Islamic Insurance with a “stable” outlook.
Market capitalisation added QR2.74bn or 0.43% to QR627.07bn on the back of mid and small cap segments this week which saw the industrials and banks together constitute more than 50% of the total trade volumes.
Trade turnover and volumes were on the decline in the main bourse; while it was on the rise in the venture market this week which saw Fitch, a global credit rating agency, confirm 'A' rating in Qatar Islamic Bank with a "stable" outlook.
The Total Return Index gained 0.65%, the All Islamic Index by 0.28% and the All Share Index by 0.65% this week.
The banks and financial services sector index shot up 1.41%, transport (0.45%), consumer goods and services (0.44%, insurance (0.43%) and telecom (0.05%); while industrials and real estate declined 0.94% and 0.32% respectively this week.
Major movers in the main bourse included Beema, Commercial Bank, AlRayan Bank, Ahlibank Qatar, QIIB, QNB, Estithmar Holding, Qamco, Qatar Insurance, QLM and Nakilat.
Nevertheless, Gulf International Services, Qatar German Medical Devices, Al Faleh Educational Holding, Ezdan, Qatar Islamic Insurance, Lesha Bank, Mannai Corporation, Industries Qatar and Mazaya Qatar were among the shakers in the main market. In the junior bourse, Techno Q saw its shares depreciate in value this week.
The foreign institutions turned net buyers to the tune of QR124.23mn compared with net sellers of QR92.16mn the previous week.
However, the local individuals were net sellers to the extent of QR69.77mn against net buyers of QR30.35mn the week ended June 4.
The Arab retail investors’ net selling increased substantially to QR33.12mn compared to QR10.92mn a week ago.
The Gulf individual investors turned net sellers to the tune of QR6.51mn against net buyers of QR5.09mn the previous week.
The domestic funds were net sellers to the extent of QR6.21mn compared with net buyers of QR57.72mn the week ended June 4.
The Gulf institutions turned net profit takers to the tune of QR4.88mn against net buyers of QR6.47mn a week ago.
The foreign retail investors were net sellers to the extent of QR3.64mn compared with net buyers of QR3.14mn the previous week.
The Arab institutions turned net profit takers to the tune of QR0.1mn against net buyers of QR0.32mn the week ended June 4.
The main market saw an 8% plunge in trade volumes to 626.46mn shares, 14% in value to QR1.4bn and 31% in deals to 73,657 this week.
In the venture market, trade volumes more than quadrupled to 0.18mn equities and value also more than quadrupled to QR0.48mn on more than tripled transactions to 44.
Market capitalisation added QR2.74bn or 0.43% to QR627.07bn on the back of mid and small cap segments this week which saw the industrials and banks together constitute more than 50% of the total trade volumes.
Trade turnover and volumes were on the decline in the main bourse; while it was on the rise in the venture market this week which saw Fitch, a global credit rating agency, confirm 'A' rating in Qatar Islamic Bank with a "stable" outlook.
The Total Return Index gained 0.65%, the All Islamic Index by 0.28% and the All Share Index by 0.65% this week.
The banks and financial services sector index shot up 1.41%, transport (0.45%), consumer goods and services (0.44%, insurance (0.43%) and telecom (0.05%); while industrials and real estate declined 0.94% and 0.32% respectively this week.
Major movers in the main bourse included Beema, Commercial Bank, AlRayan Bank, Ahlibank Qatar, QIIB, QNB, Estithmar Holding, Qamco, Qatar Insurance, QLM and Nakilat.
Nevertheless, Gulf International Services, Qatar German Medical Devices, Al Faleh Educational Holding, Ezdan, Qatar Islamic Insurance, Lesha Bank, Mannai Corporation, Industries Qatar and Mazaya Qatar were among the shakers in the main market. In the junior bourse, Techno Q saw its shares depreciate in value this week.
The foreign institutions turned net buyers to the tune of QR124.23mn compared with net sellers of QR92.16mn the previous week.
However, the local individuals were net sellers to the extent of QR69.77mn against net buyers of QR30.35mn the week ended June 4.
The Arab retail investors’ net selling increased substantially to QR33.12mn compared to QR10.92mn a week ago.
The Gulf individual investors turned net sellers to the tune of QR6.51mn against net buyers of QR5.09mn the previous week.
The domestic funds were net sellers to the extent of QR6.21mn compared with net buyers of QR57.72mn the week ended June 4.
The Gulf institutions turned net profit takers to the tune of QR4.88mn against net buyers of QR6.47mn a week ago.
The foreign retail investors were net sellers to the extent of QR3.64mn compared with net buyers of QR3.14mn the previous week.
The Arab institutions turned net profit takers to the tune of QR0.1mn against net buyers of QR0.32mn the week ended June 4.
The main market saw an 8% plunge in trade volumes to 626.46mn shares, 14% in value to QR1.4bn and 31% in deals to 73,657 this week.
In the venture market, trade volumes more than quadrupled to 0.18mn equities and value also more than quadrupled to QR0.48mn on more than tripled transactions to 44.
Source: GULF TIMES