The Qatar Stock Exchange (QSE) saw its key index climb above 11,200 points this week, as around 13% of constituents hit or approached their 52-week high.
Gulf funds have been increasingly net buyers as the Qatar 20-stock index rose 0.53% this week, which saw the country’s industrial production index rise 1.2% in monthly slip in July.
Gulf and local retail investors were seen as net buyers this week, which saw QSE Managing Director Rashid bin Ali al-Mansoori saying the exchange has promising potential for higher returns by integrating environmental, social and governance (ESG) principles across the investment spectrum.
Industries and telecommunications counters saw above-average demand this week, allowing the Central Bank of Qatar to point out that consumer and business delinquency declined in 2020.
Domestic funds’ net selling pressure weakened significantly this week, which saw Industries Qatar (IQ), Qamco, QNB, Commercial Bank, QIIB and Qatari German Medical Devices touch or approach 52-week highs.
Amid an overall bullish momentum, Shakers outnumbered the winners this week, who saw a total of 58,081 QATR valued at QR 146,551 change hands across 21 trades.
The Islamic index rose faster than conventional indices this week, which saw a total of 300,044 QETF sponsored by the Bank of Doha and valued at QR 3.27 million across 35 transactions.
Market cap saw around QR3bn or 0.44% surge to QR648.91bn, mostly in large and small cap segments this week, which saw the industrial and banking sectors together make up around 67% of total trade volume.
The total return index rose 0.53%, the All Share index by 0.25% and the All Islamic index by 0.69% this week, which saw no trading in sovereign bonds.
The industrial sector index jumped 3.21%, telecoms (1.78%) and transport (0.18%); while banks and financial services were down 0.74%, insurance (0.62%), real estate (0.49%) and consumer goods and services (0.44%) this week, who haven’t seen any treasury bill trading.
The main players are IQ, Qamco, Qatar Industrial Manufacturing, Ahlibank Qatar, Aamal Company, Qatari German Medical Devices QNB, Medicare Group, Qatar Electricity and Water, Ooredoo, Vodafone Qatar, Gulf Warehousing and Milaha in the main market and Al Faleh Educational Holding in the junior market this week, which saw overall turnover and trade volumes decline in both core and risky markets.
Nevertheless, Gulf International Services, Baladna, Salam International Investment, Widam Food, Investment Holding Group, QNB, Qatar Islamic Bank, Qatar Oman Investment, Zad Holding, Mannai Corporation, Qatar Insurance and Mazaya Qatar in the main market and Mekdam Holding in the business market this week.
The industrial sector represented 48% of the total volume of trade, banking and financial services (18%), consumer goods and services (16%), real estate (10%), transport and telecommunications (3% each ) and insurance (2%).
In terms of value, the share of the industrial sector stands at 42%, banks and financial services (30%), consumer goods and services (11%), real estate and telecommunications (5% each), transport (4%) and insurance (2%).
Net purchases by Gulf institutions increased significantly to QR 24.05 million from QR 5.92 million in the week ended September 16.
Gulf individuals became net buyers to the tune of QR 1.46 million against net sellers of QR 2.16 million a week ago.
Local retail investors were net buyers of QR 0.12 million versus net sellers of QR 0.55 million the previous week.
Net sales of domestic funds declined significantly to QR 51.51 million from QR 191.08 million in the week ended September 16.
The net profit reservation of Arab individuals has declined significantly to QR 3.56 million from QR 5.22 million a week ago.
However, net sales of Arab funds edged up to QR 0.13 million from QR 0.01 million the week before.
Net purchases by foreign funds fell significantly to QR 25.69 million from QR 188.96 million in the week ended September 16.
Net purchases by foreign individuals eased slightly to QR 3.87 million from QR 4.12 million a week ago.
Total main market trading volume fell 38% to 693.04 million shares, value 36% to QR 1.76 billion, and trades 23% to 41,936.
In the venture capital market, volumes declined 52% to 0.55 million shares, value 68% to RQ 1.4 billion, and trades 56% to 90.
In the main market, the volume of trade in the consumer goods and services sector fell by 44% to 109.95 million shares, the value by 41% to QR195.26 million, and transactions by 37% to 4 120.
The industrials sector reported a 42% drop in trading volume to 333.75 million shares, 40% in value to QR724.74 million and 26% in trades to 14.526.
The real estate sector’s trade volume reached 41% to 65.82 million shares, the value 46% to QR 95.35 million, and transactions 19% to 4,529.
There was a 34% contraction in transport sector trade volume to 18.61 million shares, 29% in value to QR71.19 million and 38% in transactions to 1,616.
The trading volume of the banking and financial services sector decreased by 28% to 127.27 million shares, the value by 35% to QR 523.36 million and transactions by 18% to 13,230.
However, the insurance industry saw a 30% increase in trading volume to 15.6 million shares and a 20% increase in value to QR41.2 million, but a 26% contraction in deals to 572.
The trade volume of the telecommunications sector increased by 2% to 22.04 million shares, the value by 39% to QR 95.58 million and transactions by 11% to 3,343.