Foreign institutions elevate the feelings of industrialists, real estate …


(MENAFN- Gulf Times) The substantial increase in net purchases by foreign funds has rekindled sentiments on the Qatar Stock Exchange, which touched 11,700 levels this week.
Industrial and real estate meters saw above-average demand as the Qatar 20-stock index gained 1.11% this week, allowing the US-based Institute of International Finance to estimate that Qatar is expected to experience a strong recovery in 2021 and 2022 and recent structural reforms. should encourage foreign direct investment in the non-energy sector.
“Improving macroeconomic indicators as well as international oil and gas prices and higher non-Qatari property limits should positively affect the weight of listed companies in global indicators,” QSE CEO Rashid bin tweeted. Ali al-Mansoori. the rally in stocks.
Net purchases by Arab individuals strengthened considerably this week, with a strong expansion in building permits issued in September from levels in the previous month, indicating better prospects for the real estate and construction sectors in Qatar.
Foreigners have been seen optimistic this week, which saw Vodafone Qatar report a net profit of QR 200.42 million in the first nine months of this year.
More than 68% of components traded in the main market increased their earnings this week, which saw the Investment Holding Group announce that its board of directors has approved the acquisition of Elegancia Holding Group Company and its subsidiaries according to the agreed exchange ratios.
Gulf funds continued to be net buyers but with less intensity this week, with shares of Mannai Corporation, Industries Qatar, Mesaieed Petrochemical Holding and Qamco reaching their 52-week high.
Net sales by local retail investors weakened significantly this week, which saw a total of 262,878 QATR exchange-traded funds sponsored by Masraf Al Rayan, valued at QR 685,733, change hands out of 27 deals.
The Islamic index rose more slowly than the main barometer this week, which recorded a total of 115,026 Bank of Doha sponsored QETFs valued at QRF 1.31 million across seven transactions.
Market cap saw an increase of around QR 10 billion or 1.46% to QR 675.79 billion, mostly in the large and small cap segments this week, which saw the consumer goods and retail sectors. industries together constitute about 69% of the total volume of trade.
The Total Return Index gained 1.11%, the All Share Index 1.10% and the All Islamic Index 1.04% this week, which saw no trading in sovereign bonds.
The industrial sector index jumped 2.86%, real estate (1.13%), banking and financial services (0.86%), consumer goods and services (0.77%) and transport (0.19%); while telecoms fell 0.5% and insurance (0.12%) this week which saw no trading of treasury bills.
Some of the main main market winners include Qatari German Medical Devices, Mannai Corporation, Qamco, Gulf International Services, Mesaieed Petrochemical Holding, QNB, Doha Bank, Inma Holding, Salam International Investment, Medicare Group, Baladna, IQ, Qatar National Cement, Qatari Investors Group, Mazaya Qatar and United Development Company this week.
Nevertheless, Qatar Cinema and Film Distribution, Qatar General Insurance and Reinsurance, Qatar Industrial Manufacturing, Qatar Islamic Bank, Ahlibank Qatar and Vodafone Qatar have been among the major players in the market. In the venture capital market, both Al Faleh Educational Holding and Mekdam Holding have seen their shares lose their luster.
Overall trade turnover and volumes were up in the main market and the junior exchange this week, which saw Qatar’s consumer price index inflation rise by 2.71% in year-on-year change in September 2021.
On the main market, the industrial sector represented 47% of the total volume of trade, consumer goods and services (21%), real estate (13%), banks and financial services (12%), transport (3%), telecommunications (2%) and insurance (1%) this week.
In terms of value, the share of the industrial sector was 39%, banks and financial services (29%), consumer goods and services (17%), real estate (7%), transport (5%), telecoms (3%) and insurance (1%) this week.
Net purchases of foreign funds increased significantly to reach QR 405.49 million from QR 290.13 million in the week ended October 7.
Net purchases by Arab individuals strengthened considerably to QR 33.2 million from QR 8 million a week ago.
Foreign individuals became net buyers at QR 6.93 million against net sellers of QR 2.39 million in the previous week.
Net sales by Qatari individuals fell to QR 63.83 million from QR 181.89 million in the week ended October 7.
However, the domestic fund net profit reservation increased significantly to QR 388.72 million from QR 144.56 million a week ago.
The net sales of individuals in the Gulf increased significantly to QR 14.44 million from QR 3.58 million the previous week.
Net purchases by Gulf institutions eased sharply to QR 21.35 million from QR 33.66 million in the week ended October 7.
Arab funds did not have major exposure compared to net buyers to the tune of QR 0.58 million a week ago.
Total main market trading volume increased 32% to 1.25 million shares, value 28% to QR3.12 billion, and trades 43% to 70,032.
The trade volume of the consumer goods and services sector climbed 89% to 268.09 million shares, 77% to QR 520.7 million and 60% to 8,737.
The market saw a 76% increase in industrial sector trade volume to 589.34 million shares, 54% in value to QR1.21 billion and 53% in transactions to 21,222.
However, the trade volume of the telecommunications sector fell 37% to 26.92 million shares and the value by 18% to QR80.77 million, while transactions increased 48% to 4,466.
There was a 31% drop in the insurance sector’s trading volume to 16.12 million shares and a 31% drop in value to QR45.87n, but a 6% jump in trades to 956.
The banking and financial services sector‘s trade volume fell 24% to 152.22 million shares, while value gained 11% to QR895.39n and trades 51% to 26.353.
The transportation sector reported a 14% drop in trading volume to 36.32 million shares, 12% in value to QR 143.06 million and trading volume 18% to 2,466.
Real estate trading volume fell 1% to 162.8 million shares; while value increased 1% to QR 231.49 million and transactions increased 10% to 5,832.
In the venture capital market, volumes soared 71% to 0.68 million shares, value 5% to RQ 2.3 billion, and trades 29% to 125.

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