2025-09-19
US Rate Cut Lifts QSE Sentiments as Index Crosses 11,300 Points; M-Cap Adds QR4.66bn
The Qatar Stock Exchange yesterday entered the third consecutive session of bullish run with its key index gaining 82 points to cross the 11,300 levels, a day after the US Federal Reserve cut its key interest rate by 25 basis points.
The foreign institutions were seen increasingly net buyers as the 20-stock Qatar Index gained 0.73% to 11,307.85 points, recovering from an intraday low of 11,208 points.
The banks and industrials counters witnessed higher than average demand in the main market, whose year-to-date gains improved to 6.97%.
The Arab institutions were seen bullish, albeit at lower levels, in the main bourse, whose capitalisation added QR4.66bn or 0.69% to QR676.61bn; mainly on midcap segments.
The Arab retail investors’ weakened net selling had its influence on the main market, which saw as many as 0.01mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.05mn trade across 13 deals.
The foreign individuals’ lower net profit booking had its marginal impact on the main bourse, whose trade turnover and volumes were on the increase.
The Islamic index was seen gaining slower than the main barometer of the main market, which saw no trading of treasury bills.
However, the domestic institutions were seen net sellers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index rose 0.73%, the All Share Index by 0.72% and the All Islamic Index by 0.48% in the main market.
The banks and financial services sector index shot up 1.23%, industrials (0.79%) and consumer goods and services (0.24%); while telecom declined 1.41%, insurance (0.45%), transport (0.36%) and real estate (0.23%).
As many as 20 stocks gained, while 28 declined and four were unchanged.
Major gainers in the main market included Dukhan Bank, Estithmar Holding, Doha Bank, Qamco, QIIB, QNB, Lesha Bank, Qatar German Medical Devices, Industries Qatar, Gulf International Services and Qatari Investors Group.
In the junior bourse, Techno Q saw its shares appreciate in value.
Nevertheless, about 54% of the traded constituents were in the red with major losers being QIIB, Qatar General Insurance and Reinsurance, Ooredoo, Mesaieed Petrochemical Holding, Milaha, Medicare Group, Mannai Corporation and Vodafone Qatar.
The foreign institutions’ net buying increased substantially to QR23.95mn compared to QR36.06mn on September 17.
The Arab institutions turned net buyers to the tune of QR0.06mn against net sellers of QR0.04mn the previous day.
The Arab individual investors’ net profit booking declined noticeably to QR1.48mn compared to QR6.74mn on Wednesday.
The foreign retail investors’ net selling weakened marginally to QR3.38mn against QR3.79mn on September 17.
However, the domestic funds were net sellers to the extent of QR129.16mn compared with net buyers of QR2.65mn the previous day.
The local retail investors’ net selling strengthened considerably to QR91.58mn against QR34.57mn on Wednesday.
The Gulf institutions turned net sellers to the tune of QR4.42mn compared with net buyers of QR6.81mn on September 17.
The Gulf individual investors’ net profit booking grew perceptibly to QR1.98mn against QR0.37mn the previous day.
The main market saw a 23% surge in trade volumes to 300.22mn shares and 87% in value to QR1.1bn but on 22% shrinkage in deals to 24,042.
In the venture market, a total of 0.11mn equities valued at QR0.29mn changed hands across 17 transactions.
The foreign institutions were seen increasingly net buyers as the 20-stock Qatar Index gained 0.73% to 11,307.85 points, recovering from an intraday low of 11,208 points.
The banks and industrials counters witnessed higher than average demand in the main market, whose year-to-date gains improved to 6.97%.
The Arab institutions were seen bullish, albeit at lower levels, in the main bourse, whose capitalisation added QR4.66bn or 0.69% to QR676.61bn; mainly on midcap segments.
The Arab retail investors’ weakened net selling had its influence on the main market, which saw as many as 0.01mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.05mn trade across 13 deals.
The foreign individuals’ lower net profit booking had its marginal impact on the main bourse, whose trade turnover and volumes were on the increase.
The Islamic index was seen gaining slower than the main barometer of the main market, which saw no trading of treasury bills.
However, the domestic institutions were seen net sellers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index rose 0.73%, the All Share Index by 0.72% and the All Islamic Index by 0.48% in the main market.
The banks and financial services sector index shot up 1.23%, industrials (0.79%) and consumer goods and services (0.24%); while telecom declined 1.41%, insurance (0.45%), transport (0.36%) and real estate (0.23%).
As many as 20 stocks gained, while 28 declined and four were unchanged.
Major gainers in the main market included Dukhan Bank, Estithmar Holding, Doha Bank, Qamco, QIIB, QNB, Lesha Bank, Qatar German Medical Devices, Industries Qatar, Gulf International Services and Qatari Investors Group.
In the junior bourse, Techno Q saw its shares appreciate in value.
Nevertheless, about 54% of the traded constituents were in the red with major losers being QIIB, Qatar General Insurance and Reinsurance, Ooredoo, Mesaieed Petrochemical Holding, Milaha, Medicare Group, Mannai Corporation and Vodafone Qatar.
The foreign institutions’ net buying increased substantially to QR23.95mn compared to QR36.06mn on September 17.
The Arab institutions turned net buyers to the tune of QR0.06mn against net sellers of QR0.04mn the previous day.
The Arab individual investors’ net profit booking declined noticeably to QR1.48mn compared to QR6.74mn on Wednesday.
The foreign retail investors’ net selling weakened marginally to QR3.38mn against QR3.79mn on September 17.
However, the domestic funds were net sellers to the extent of QR129.16mn compared with net buyers of QR2.65mn the previous day.
The local retail investors’ net selling strengthened considerably to QR91.58mn against QR34.57mn on Wednesday.
The Gulf institutions turned net sellers to the tune of QR4.42mn compared with net buyers of QR6.81mn on September 17.
The Gulf individual investors’ net profit booking grew perceptibly to QR1.98mn against QR0.37mn the previous day.
The main market saw a 23% surge in trade volumes to 300.22mn shares and 87% in value to QR1.1bn but on 22% shrinkage in deals to 24,042.
In the venture market, a total of 0.11mn equities valued at QR0.29mn changed hands across 17 transactions.
Source: GULF TIMES