The Arab individuals’ net buying interests were seen lifting the sentiments in the Qatar Stock Exchange this week, which saw the Ministry of Finance disclose that the country’s fiscal surplus amounted to QR3.8bn in the second quarter of this year.
The banking and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.11% higher this week which saw the US-based economic think-tank the Institute of International Finance highlight Qatar’s “sizeable” fiscal surpluses for 2021 and 2022.
The domestic institutions’ weakened net selling also had its influence in the market this week which saw Ezdan Real Estate report net profit of QR172.24mn in the first half (H1) of this year.
The Gulf individuals’ net profit booking weakened this week which saw Aamal Company report H1-2021 net profit of QR131.1mn.
Both foreign and Gulf funds continued to be net buyers but with lesser intensity this week which saw Mannai Corporation report QR117.26mn in H1-2021.
The foreign individuals were seen increasingly into net selling this week which saw Al Meera Consumer Goods record net profit of QR100.12mn in the first six months of this year.
Local retail investors’ net profit booking increased marginally this week which saw Qatar Insurance register H1-2021 at QR342.17mn.
The Arab individuals turned bearish this week which saw a total of 37,296 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR92,546 change hands across 10 deals.
The Islamic index was seen declining vis-à-vis gains in the other indices this week which saw a total of 446,915 Doha Bank-sponsored QETF valued at QR4.76mn trade across 50 transactions.
Market capitalisation saw more than QR4bn or 0.36% jump to QR635.94bn, mainly on small and microcap segments this week which saw the industrials and consumer goods and services sectors together constitute more than 73% of the total trade volume.
The banks and financial services sector index shot up 1.51% and consumer goods and services (0.5%); while telecom declined 0.65%, realty (0.64%), industrials (0.44%), transport (0.35%) and insurance (0.22%) this week which saw no trading of sovereign bonds.
Major gainers included Gulf International Services, MC, QLM, QNB, Qatari Investors Group, Doha Bank, Ahlibank Qatar, Zad Holding, Woqod and Qatar General Insurance and Reinsurance this week which saw no trading treasury bills.
Nevertheless, more than 65% of the traded constituents were in the red with major losers being Qatari German Medical Devices, Qamco, Inma Holding, Qatar Oman Investment, Al Khaleej Takaful, QIIB, Masraf Al Rayan, QFB, Baladna, Qatar Electricity and Water, Aamal Company, Ezdan and Ooredoo this week which an increasing overall trade turnover and volumes.
The industrials sector accounted for 47% of the total trade volume, consumer goods and services (27%), banks and financial services (14%), real estate (9%), and transport, telecom and insurance (1% each) this week.
In terms of value, the industrials sector’s share was 40% of the total, banks and financial services (29%), consumer goods and services (19%), realty (6%), telecom and transport (2% each) and insurance (1%) this week.
The Arab individuals turned net buyers to the tune of QR10.13mn against net sellers of QR30.96mn the week ended August 5.
Domestic institutions’ net selling declined considerably to QR26.41mn compared to QR90.59mn a week ago.
The Gulf individuals’ net profit booking eased notably to QR0.83mn against QR4.24mn the previous week.
However, Qatari individuals’ net selling grew perceptibly to QR45.63mn compared to QR43.93mn the week ended August 5.
The foreign individuals’ net selling shot up drastically to QR35.83mn against QR13.94mn a week ago.
The Arab funds turned net sellers to the extent of QR0.19mn compared with no major net exposure the previous week.
Foreign funds’ net buying decreased significantly to QR86.72mn against QR146.87mnm the week ended August 5.
The Gulf institutions’ net buying weakened noticeably to R12.06mn compared to QR36.78mn the previous week.
Total trade volume rose 1% to 1.1bn shares and value by 8% to QR2.22bn, while transactions were down 2% to 48,342.
There was 62% surge in the insurance’s sector’s trade volume to 8.7mn equities, 44% in value to QR29.03mn and 42% in transactions to 932.
The industrials sector’s trade volume soared 39% to 513.58mn stocks, value by 42% to QR890.48mn and deals by 20% to 17,191.
The banks and financial services sector saw 17% expansion in trade volume to 158.34mn shares, value by 18% to QR653.06mn and 18% in transactions to 15,124.
However, the telecom sector’s trade volume plummeted 45% to 11.48mn equities, value by 54% to QR38.09mn and deals by 62% to 1,656.
The consumer goods and services sector reported 32% plunge in trade volume to 291.68mn stocks, 23% in value to QR422.49mn and 29% in transactions to 7,530.
The real estate sector’s trade volume tanked 11% to 98.9mn shares, value by 16% to QR136.22mn and deals by 12% to 3,983.
The market witnessed 9% shrinkage in the transport sector’s trade to 15.52mn equities, 10% in value to QR53.2mn and 19% in transactions to 1,926.