QSE opens week strong on buy interests in the banking counter

The Qatar Stock Exchange on Sunday opened the week strong and its key index surpassed 9,300 levels mainly on the back of strong buying interests within the banking counter.

Domestic funds and non-Qatari individuals turned bullish and there was weakened net selling by local retail investors as the 20-stock Qatar Index stayed 0.7% higher for the eighth consecutive day at 9,325.15 points.

Masraf Al Rayan sponsored exchange traded fund QATR gained 2.07%, while Masraf Al Rayan sponsored QETF declined 0.36%.

Islamic stocks were seen under performing the other indices in the market, which is up 9.41% year-to-date.

However, non-Qatari and Gulf institutions as well as Gulf individuals turned bearish on the bourse, whose capitalisation rose 0.77% to QR508.08bn, mainly lifted by large caps.

Trade turnover and volumes were on the decline on the market, where real estate and banking telecom sectors together accounted for more than 67% of the total volume.

The Total Return Index grew 0.7% to 16,429.88 points, All Share Index by 0.69% to 2,695.3 points and Al Rayan Islamic Index (Price) by 0.25% to 2,289.54 points.

The banks and financial services index increased 1.33%, consumer goods (0.68%), realty (0.47%), transport (0.38%) and industrials (0.08%); whereas insurance and telecom declined 0.67% and 0.13% respectively.

More than 53% of the traded stocks extended gains with major movers being QNB, Qatar Islamic Bank, Qatari German Company for Medical Devices, Medicare Group, Mannai Corporation, Industries Qatar, Mazaya Qatar, Ezdan and Nakilat; even as QIIB, Aamal Company, Qatar Insurance and Vodafone Qatar were among the losers.

Domestic institutions turned net buyers to the tune of QR7.1mn compared with net profit takers of QR18.4mn last Thursday.

Non-Qatari individual investors were also net buyers to the extent of QR0.8mn against net sellers of QR0.15mn on July 5.

Local individuals’ net selling fell considerably to QR3.88mn compared to QR18.92mn the previous trading day.

However, non-Qatari institutions turned net profit takers to the tune of QR0.91mn against net buyers of QR33.33mn last Thursday.

The Gulf institutions turned net sellers to the extent of QR2.83mn compared with net buyers of QR2.86mn on July 5.

The Gulf individuals were net profit takers to tune of QR0.29mn against net buyers of QR1.28mn the previous trading day.

Total trade volume fell 58% to 3.8mn shares, value by 44% to QR108.77mn and transactions by 18% to 2,339.

The transport sector’s trade volume plummeted 93% to 0.15mn equities, value by 90% to QR3.35mn and deals by 68% to 99.

The telecom sector reported 92% plunge in trade volume to 0.15mn stocks, 85% in value to QR3.15mn and 64% in transactions to 111.

The banks and financial services sector’s trade volume tanked 61% to 1.03mn shares, value by 49% to QR43.61mn and deals by 4% to 770.

The industrials sector saw 45% shrinkage in trade volume to 0.47mn equities but on 13% rise in value to QR21.24mn despite 10% lower transactions at 498.

However, the insurance sector’s trade volume soared 42% to 0.27mn stocks, value by 43% to QR9.29mn and deals by 71% to 246.

There was 9% increase in the real estate sector’s trade volume to 1.53mn shares and 2% in value to QR16.57mn but on 25% fall in transactions to 371.

The consumer goods sector’s trade volume grew 5% to 0.2mn equities, while value was down 10% to QR11.56mn despite 5% higher deals at 244.

In the debt market, there was no trading of treasury bills and sovereign bonds.

استهل المؤشر العام لبورصة قطر أول جلسات الأسبوع أمس على ارتفاع بنسبة 0.7%، مغلقاً عند مستوى 9325 نقطة (+65 نقطة)، وذلك للجلسة الثامنة على التوالي، وسط تراجع قيم التداولات إلى 115.9 مليون ريال مقارنة بالجلسة الماضية. جاء سهم «مجمع المناعي» ثاني أكثر الأسهم ارتفاعاً

بـ 3.1% مغلقاً عند 50 ريالاً، يليه سهم «المصرف» بـ 2.3% عند 120.70 ريال، وسهم «QNB» بـ 1.9% عند 158 ريالاً. هذا، وارتفع سهما «إزدان القابضة» و«قطر للوقود» بـ 0.7% عند 8.29 ريال للأول و147.38 ريال للثاني، ثم سهم «البنك التجاري» بـ 0.6% عند 39.01 ريال، وسهم «صناعات قطر» بـ 0.4% عند 113 ريالاً. كما تراوحت نسب ارتفاع أسهم «بروة العقارية» و«مصرف الريان» و«ooredoo» بين 0.3% و0.1%.;