The Ukraine crisis cast its shadow over global stock markets, which was partly reflected in generally weak sentiment on the Qatar Stock Exchange and market capitalization eroded nearly QR 8 billion this week.
Despite rising net buying interest from foreign institutions, Qatar’s 20-stock index fell 0.57% this week, helping Barwa report a net profit of QR 1.11 billion in 2021.
Foreign individuals were seen as net buyers this week, helping Qatar Electricity and Water Company record QR 1.47 billion in net profit for the fiscal year ending 2021.
Gulf individuals have been increasingly seen in net buying this week, leading Haithem Katerj, managing director of Al Rayan Investment Company, to believe that despite the current weakness, the outlook for the index general remain optimistic.
A QNA report said its optimism was supported by expectations of high commodity prices, an interest rate hike by the US Federal Reserve, in addition to the approaching date of the FIFA World Cup. FIFA, Qatar 2022.
“Achieving above the recent high at 12,843 points (highest level since December 2014) would most likely open space for a gradual increase to 13,180 points and 13,950 points,” Kamco Invest said in its technical analysis.
Nevertheless, around 62% of the constituents traded were in the red on the main market this week, which saw Ooredoo record a net profit of QR 46.92 million in 2021.
Domestic funds were increasingly in the net profit booking this week, which saw Gulf International Services’ 2021 net profit at QR 54 million.
Islamic stocks were seen gaining against declines in other indexes this week, which saw Baladna announce plans to invest up to $500 million in the Philippines to establish a large-scale fully integrated dairy factory.
Net selling by local retail investors strengthened significantly this week, which saw a total of 174,444 Doha Bank-sponsored QETF exchange-traded funds worth QR 2.17 million change hands at through 39 transactions.
Net sales from Arab individuals increased significantly in the market this week, which saw as many as 80,735 QATRs sponsored by Masraf Al Rayan worth 225,902 QRs traded across 23 transactions.
Market capitalization fell by 1.08% to QR 723.3 billion, mainly in the mid and small cap segments this week, which saw the industrials, banking and consumer goods sectors build together around 79% of the total trading volume.
The total return index lost 0.19% and the All Share index 0.29%, while the All Islamic index rose 0.09% this week, which saw inflation underperform. the country’s underlying index to rise faster than the general consumer price index in January 2022.
The insurance index fell by 2.55%, industrials (0.53%), consumer goods and services (0.45%) and banks and financial services (0.23%); while telecoms fell 1.65%, transport (0.37%) and real estate (0.08%) this week which saw no treasury bond trading.
The main losers in the main market were Qatar Insurance, QNB, Qatar General Insurance and Reinsurance, Ahlibank Qatar, Zad Holding, Masraf Al Rayan, Widam Food, Qatar Industries, Qamco, QLM, Ezdan and Gulf Warehousing this week which saw no no trading of sovereign bonds and treasury bills.
Nevertheless, Investment Holding Group, Aamal Company, Gulf International Services, Mannai Corporation, Inma Holding, Qatar Islamic Bank, Doha Bank, QIIB, Qatar Islamic Insurance and Ooredoo were among the main market movers. In the venture capital market, Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate this week, leading to an increase in trading volume and value.
In the main market, the industrial sector accounted for 41% of total trade volume, consumer goods and services (19%), banks and financial services (19%), real estate (13%), telecommunications and transport (3% each). ), and insurance (2%) this week.
In value, the share of the banking and financial services sector was 41%, industries (31%), consumer goods and services (11%), real estate (6%), transport and telecommunications ( 4% each) and insurance (2%) this week.
National fund net sales increased significantly to QR 422.97 million from QR 94.5 million in the week ended February 10.
Qatari retail net sales increased significantly to QR 309.19 million from QR 283.23 million the previous week.
Net profit bookings from Arab individuals rose sharply to QR 24.5 million from QR 0.83 million a week ago.
Arab funds became net sellers at QR 0.09 million against net buyers of QR 0.93 million in the week ended February 10.
Net purchases by Gulf institutions decreased significantly to QR 15.57 million from QR 55.49 million the previous week.
However, net purchases by foreign funds strengthened significantly to QR 735.11 million from QR 335.98 million a week ago.
Foreign individuals were net buyers at QR 4.16 million against net sellers of QR 15.34 million in the week ended February 10.
Net purchases by Gulf individuals increased slightly to QR 1.93 million from QR 1.51 million the previous week.
Total trading volume in the main market increased by 12% to 1.01 billion shares, value by 10% to 3.39 billion QR and trades by 25% to 74,362.
Real estate trading volume soared 80% to 136.4 million shares and value more than doubled to QR 218.87 million on a 76% increase in trades to 5,447.
The market saw a 42% increase in telecom trading volume to 34.81 million shares, 35% in value to 149.73 million QR and 54% in trades to 6,234.
The industrial sector’s trading volume jumped 28% to 414.3 million shares, while the value fell 21% to QR 1.06 billion despite trades up 9% to 20,277.
The banking and financial services sector saw an expansion of 17% in trading volume to 193.57 million shares, 55% in value to QR 1.39 billion and 44% in transactions to 29,033.
However, the trade volume of the consumer goods and services sector fell by 28% to 187.88 million shares, the value by 4% to 379.4 million QR and transactions by 9% to 6,568.
There was an 18% drop in insurance sector trading volume to 16.56 million shares and 22% in value to QR 53.36 million, but a 15% increase in trades at 1,882.
The transport sector’s trading volume fell by 14% to 29.14 million shares and the value by 18% to QR 143.53 million; while transactions rose 3% to 4,921.
The venture capital market expanded by 26.06% in volume to 4.16 million shares, 29.46% in value to 37.62 million QR and 62.94% in transactions to 1 952.