2025-10-08
Gulf Funds’ Robust Buying Lifts QSE Above 10,900 Levels; Banks, Transport and Insurance See Higher Demand
The Federal Reserve rate cut hopes Tuesday helped the Qatar Stock Exchange gain as much as 23 points and its key index surpassed 10,900 levels.
The Gulf institutions were seen increasingly net buyers as the 20-stock Qatar Index rose 0.21% to 10,911.53 points, recovering from an intraday low of 10,851 points.
The banking, transport and insurance counters witnessed higher than average demand in the main market, whose year-to-date gains improved to 3.22%.
About 56% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR0.89bn or 0.14% to QR654.4bn; mainly on small and microcap segments.
The foreign institutions’ weakened net profit booking had its influence on the main market, which saw as many as 0.06mn exchange traded funds (sponsored by AlRayan Bank) valued at QR0.14mn trade across 27 deals.
The Arab individuals continued to be net buyers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the decline.
The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills.
The Gulf retail investors continued to be bullish but with lesser vigour in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index rose 0.21%, the All Share Index by 0.23% and the All Islamic Index 0.13% in the main market.
The banks and financial services sector index gained 0.42%, transport (0.41%) and insurance (0.28%); while telecom fell 0.17%, industrials (0.15%), real estate (0.1%) and consumer goods and services (0.02%).
As many as 29 stocks gained, while only 18 declined and five were unchanged.
Major gainers in the main market included Qamco, Lesha Bank, Mekdam Holding, Al Faleh Educational Holding, Inma Holding, Gulf International Services, Mesaieed Petrochemical Holding and Milaha.
Nevertheless, Mazaya Qatar, Widam Food, Ezdan, Medicare Group, Doha Bank, Mannai Corporation, Estithmar Holding and Vodafone Qatar were among the shakers in the main bourse. In the venture market, Techno Q saw its shares depreciate in value.
The Gulf institutions’ net buying strengthened noticeably to QR15.22mn compared to QR8.82mn the previous day.
The foreign institutions’ net profit booking weakened significantly to QR3.03mn against QR16.26mn on October 6.
However, the local individual investors’ net selling expanded perceptibly to QR10.66mn compared to QR6.7mn on Monday.
The domestic institutions turned net sellers to the tune of QR4.04mn against net buyers of QR7.96mn the previous day.
The foreign retail investors were net sellers to the extent of QR0.34mn compared with net buyers of QR0.4mn on October 6.
The Arab individual investors’ net buying decreased markedly to QR2.54mn against QR4.73mn on Monday.
The Gulf retail investors’ net buying declined notably to QR0.31mn compared to QR1.04mn the previous day.
The Arab institutions had no major net exposure for the eighth consecutive session.
The main market saw 9% contraction in trade volumes to 108.75mn shares, 12% in value to QR277.76mn and 31% in deals to 14,894.
In the venture market, a total of 7,934 equities valued at QR0.02mn changed hands across 10 transactions.
The Gulf institutions were seen increasingly net buyers as the 20-stock Qatar Index rose 0.21% to 10,911.53 points, recovering from an intraday low of 10,851 points.
The banking, transport and insurance counters witnessed higher than average demand in the main market, whose year-to-date gains improved to 3.22%.
About 56% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR0.89bn or 0.14% to QR654.4bn; mainly on small and microcap segments.
The foreign institutions’ weakened net profit booking had its influence on the main market, which saw as many as 0.06mn exchange traded funds (sponsored by AlRayan Bank) valued at QR0.14mn trade across 27 deals.
The Arab individuals continued to be net buyers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the decline.
The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills.
The Gulf retail investors continued to be bullish but with lesser vigour in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index rose 0.21%, the All Share Index by 0.23% and the All Islamic Index 0.13% in the main market.
The banks and financial services sector index gained 0.42%, transport (0.41%) and insurance (0.28%); while telecom fell 0.17%, industrials (0.15%), real estate (0.1%) and consumer goods and services (0.02%).
As many as 29 stocks gained, while only 18 declined and five were unchanged.
Major gainers in the main market included Qamco, Lesha Bank, Mekdam Holding, Al Faleh Educational Holding, Inma Holding, Gulf International Services, Mesaieed Petrochemical Holding and Milaha.
Nevertheless, Mazaya Qatar, Widam Food, Ezdan, Medicare Group, Doha Bank, Mannai Corporation, Estithmar Holding and Vodafone Qatar were among the shakers in the main bourse. In the venture market, Techno Q saw its shares depreciate in value.
The Gulf institutions’ net buying strengthened noticeably to QR15.22mn compared to QR8.82mn the previous day.
The foreign institutions’ net profit booking weakened significantly to QR3.03mn against QR16.26mn on October 6.
However, the local individual investors’ net selling expanded perceptibly to QR10.66mn compared to QR6.7mn on Monday.
The domestic institutions turned net sellers to the tune of QR4.04mn against net buyers of QR7.96mn the previous day.
The foreign retail investors were net sellers to the extent of QR0.34mn compared with net buyers of QR0.4mn on October 6.
The Arab individual investors’ net buying decreased markedly to QR2.54mn against QR4.73mn on Monday.
The Gulf retail investors’ net buying declined notably to QR0.31mn compared to QR1.04mn the previous day.
The Arab institutions had no major net exposure for the eighth consecutive session.
The main market saw 9% contraction in trade volumes to 108.75mn shares, 12% in value to QR277.76mn and 31% in deals to 14,894.
In the venture market, a total of 7,934 equities valued at QR0.02mn changed hands across 10 transactions.
Source: GULF TIMES