The Qatar Stock Exchange (QSE) gained more than 134 points, mainly on the back of strong buying in the real estate and banking counters this week, which saw listed companies report double-digit growth in net earnings during nine-month ended September 2021.
Foreign institutions were increasingly net buyers as the 20-stock Qatar Index shot up 1.14% to 11,941 points this week which saw the Investment Promotion Agency Qatar and QSE enter into a pact to further boost the attractiveness of the Qatari market for foreign investments.
"Regaining upward potential above 11,900 point would promote 12,230 points and may be higher to 12,800 points," a Kamco technical analysis note said, adding medium-term and long-term investors can stay in the market with a stop-loss below 11,000 points and 10,500 points, respectively.
The Gulf funds were also seen increasingly net buyers, albeit at lower levels, this week which saw the Qatar Central Bank gives the final approval for the merger of Al Khaliji with Masraf Al Rayan.
More than 55% of the traded stocks extended gains to investors this week which saw a total of 186,698 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR488,085 change hands across 29 transactions.
The domestic institutions’ weakened net selling also had its influence in the overall sentiments this week which saw a total of 78,865 Doha Bank-sponsored QETF valued at QR913,366 trade across 17 deals.
The Arab individuals were seen net buyers this week which saw Qatar's Hamad, Doha and Al Ruwais ports witness about five-fold expansion year-on-year in cargo handling in October 2021, reflecting the buoyancy in trade and positive outlook for the logistics sector.
Market capitalisation saw more than QR7bn or 1.06% increase to QR689.24bn, mainly on large and midcap segments this week which saw the industrials sector alone constitute more than 42% of the total trade volume.
The Total Return Index shot up 1.14%, All Share Index by 1.06% and All Islamic Index by 0.73% this week which saw the overall trade volume and value on the increase.
The realty index zoomed 1.87%, banks and financial services (1.53%), transport (0.93%), industrials (0.63%), telecom (0.16%) and insurance (0.07%); while consumer goods and services declined 0.59% this week which saw Islamic index gain slower than the other indices.
Main movers in the main market included Gulf International Services, Aamal Company, Masraf Al Rayan, Commercial Bank, United Development Company, QNB, Alijarah Holding, Ezdan, Barwa, Mazaya Qatar, Vodafone Qatar and Nakilat this week, which saw no trading of sovereign bonds.
Nevertheless, Inma Holding, Qatari Investors Group, Investment Holding Group, Mesaieed Petrochemical Holding, Qatar Islamic Bank, Widam Food, Al Meera Consumer Goods, Qatar Industrial Manufacturing, Al Khaleej Takaful and Gulf Warehousing in the main market; while both Al Faleh Educational Holding and Mekdam Holding were losers in the venture market this week, which saw no trading of treasury bills.
In the main market, the industrials sector accounted for 42% of the total trade volume, banks and financial services (19%), consumer goods and services (16%), real estate (12%), transport (7%), telecom (3%) and insurance (1%) this week.
In terms of value, the banks and financial services sector’s share was 35%, industrials (31%), transport (14%), consumer goods and services (10%), realty (6%), telecom (4%) and insurance (1%) this week.
The foreign funds’ net buying increased substantially to QR258.33mn against QR135.45mn the week ended November 28.
The Gulf individuals’ net buying increased markedly to QR1.47mn compared to QR0.1mn the previous week.
The Arab individuals turned net buyers to the tune of QR0.57mn against net sellers of QR14.48mn a week ago.
The domestic funds’ net selling fell significantly to QR194.37mn compared to QR370.68mn the week ended October 28.
However, the local retail investors’ net selling grew drastically to QR69.41mn against QR2.38mn the previous week.
The foreign individuals were net sellers to the extent of QR8.72mn compared with net buyers of QR3.26mn a week ago.
The Gulf funds’ net buying weakened considerably to QR12.13mn against QR248.7mn the week ended October 28.
The Arab funds had no major net exposure compared with net buyers of QR0.03mn the previous week.
Total trade volume in the main market rose 13% to 988.24mn shares, value by 8% to QR2.84bn and transactions by 7% to 59,951.
The market witnessed 78% surge in the telecom sector’s trade volume to 34.36mn equities, 23% in value to QR100.22mn and 23% in deals to 3,443.
The banks and financial services sector’s trade volume soared 33% to 191.45n stocks, value by 7% to QR982.37mn and transactions by 15% to 24,559.
There was 13% expansion in the industrials sector’s trade volume to 418.14mn shares, 6% in value to QR892.64mn and 1% in deals to 16,176.
The transport sector’s trade volume shot up 7% to 65.85mn equities, value by 41% to QR391.21mn and transactions 39% to 5,214.
The consumer goods and services sector saw 6% jump in trade volume to 156.04mn stocks but on 4% contraction in value to QR271.03mn and 8% in deals to 5,641.
However, the insurance sector’s trade volume plummeted 30% to 7.11mn shares, value by 30% to QR21.74mn and transactions by 4% to 765.
The real estate sector reported 7% shrinkage in trade volume to 115.29mn equities, 5% in value to QR176.24mn and 23% in deals to 4,153.
In the venture market, volumes more than doubled to 0.3mn stocks and value almost doubled to QR1.69bn on more than doubled transactions to 107.