QSE turns bullish on foreign institutions’ buying interests
January 07 2022 07:02 PM
QSE

The Islamic equities witnessed higher than average demand as the Qatar Stock Exchange gained more than 333 points this week.
Foreign institutions’ buying interests were seen considerably lifting the 20-stock Qatar by 2.87% this week which saw the Qatar Electricity and Water Company’s move to buy up the remaining 40% stake in Nebras Power.
The industrials and real estate stocks outperformed the main barometer this week which saw Doha Bank authorise several banks to work jointly on its inaugural Swiss Franc offering.
The Gulf institutions were seen bullish this week which saw a total of 60,182 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR155,463 change hands across 27 deals.
Local retail investors were however net profit takers this week which saw a total of 47,919 Doha Bank-sponsored QETF valued at QR556,209 trade across eight transactions.
Market capitalisation stood at QR679.59bn, mainly on large and midcap segments this week which saw Ooredoo and CK Hutchison create Indonesia’s second largest mobile telecom entity by completing their merger.
The industrials sector index shot up 3.7%, realty (3.2%), banks and financial services (1.83%), transport (1.29%) and telecom (1.28%); while insurance declined 4.14% and consumer goods and services 0.68% this week which saw no trading of sovereign bonds.
Major gainers included Mesaieed Petrochemical Holding, Masraf Al Rayan, Mannai Corporation, Qatari Cinema and Film Distribution, Qamco, Qatar Islamic Bank, Ahlibank Qatar, QIIB, Baladna, Qatar National Cement, Industries Qatar, QLM, QEWS, Barwa and United Development Company this week which saw no trading of treasury bills.
Major losers included Qatar General Insurance and Reinsurance, Doha Bank, Qatar Insurance, Inma Holding, Medicare Group and Woqod this week which saw Mekdam Holding bags two orders worth QR671.6mn from Qatar Airways.
Foreign institutions were net buyers to the tune of QR307.83mn, while foreign individual investors were net sellers to the extent of QR28.58mn.
Local retail investors and domestic institutions were net profit takers to the tune of QR283.94mn and QR10.22mn respectively.
The Gulf individuals were net sellers to the extent of QR1.24mn; whereas the Gulf funds were net buyers to the tune of QR32.28mn.
The Arab retail investors were net profit takers to the extent of QR16.13mn; while the Arab institutions had not had any major net exposure.
The overall trade turnover and volumes were on the increase this week which saw the industrials sector accounted for 31% of the total trade volume, followed by banks and financial services (23%), consumer goods and services (20%), real estate (19%), transport (4%) and telecom and insurance (2% each) this week.
In terms of value, the banks and financial services sector’s share was 42% of the total, industrials (26%), consumer goods and services (11%), realty and transport (8% each), telecom (3%) and insurance (2%) this week.
A total of 542.88mn shares valued at QR1.6bn changed hands across 39,400 deals in the main market. In the venture market, a total of 528,113 equities worth QR2.42bn traded across 188 transactions.
The industrials sector saw as many as 165.83mn stocks valued at QR413.73mn change hands across 9,785 deals.
In the case of banks and financial services, the sector saw a total of 123.26mn shares worth QR678.4mn trade across 14,915 transactions.
As many as 106.93mn consumer goods and services equities valued at QR178.05mn change hands across 4,910 deals and a total of 102.91mn real estate stocks worth QR124.14mn trade across 4,003 transactions.
The transport sector saw a total of 22.29mn shares valued at QR119.74mn change hands across 2,789 deals.
The telecom sector witnessed a total of 11.58mn equities worth QR55.49mn trade across 2,216 transactions.
In the case of insurance, the sector saw as many as 10.08mn stocks valued at QR27.86mn change hands across 832 deals.



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