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Qatar Tribune
24-07-2025
- Business
- Qatar Tribune
QSE surges to 3-year high on strong H1 corporate earnings
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) Index ended the trading week on a strong note, gaining 305.56 points or 2.8 percent to close at 11,220.76 points, its highest level in three years. The week's performance was driven by a combination of upbeat corporate earnings, attractive interim dividends, and rising interest from foreign institutional investors. Market capitalisation followed suit, rising by 2.5 percent to reach QR663.8 billion, up from QR647.6 billion at the end of the previous trading week. Of the 53 listed companies on the QSE, 36 ended the week with gains, 14 recorded losses, while three remained unchanged, indicating broad-based market strength across sectors. Trading activity during the week reflected increased investor participation. The total traded value rose by 3.7 percent to QR2,325.7 million compared to QR2,242.6 million in the previous week. Trading volumes surged by 23.5 percent, with 950.2 million shares changing hands compared to 769.6 million shares in the prior week. However, the number of transactions declined by 17 percent, falling to 94,990 from 115,627 in the previous week. Among individual stocks, Qatar Islamic Bank (QIBK) emerged as the best performer, posting a weekly gain of 7.3 percent. It was also the largest contributor to the index's rise, adding 126.45 points. QNB Group (QNB) and Industries Qatar (IQ) also played key roles in supporting the index, contributing 96.30 and 38.45 points respectively. On the other hand, Mannai Corporation (MCCS) was the worst-performing stock of the week, falling by 11.2 percent. Despite the decline, MCCS was the most traded stock in terms of value, with QR207.5 million worth of shares exchanged. Ezdan Holding Group (ERES) led in terms of traded volume, with 114.7 million shares traded during the week. Investor behaviour continued to show a clear divide between institutional and retail participants. Foreign institutional investors remained net buyers, recording a net inflow of QR159.1 million, slightly down from QR183.6 million the previous week. Qatari institutions continued to sell, with net outflows of QR21.1 million, nearly unchanged from QR21.8 million a week earlier. Foreign retail investors remained net sellers, posting QR8.2 million in sales, although this was an improvement from the QR19.9 million recorded the previous week. Qatari retail investors also remained bearish, with net selling of QR129.7 million compared to QR141.9 million in the previous week. Year-to-date, global foreign institutions have shown sustained interest in Qatari equities, registering a net buying position of $93.5 million. In contrast, institutional investors from the Gulf Cooperation Council (GCC) remain net sellers by $23 million, indicating a divergence in regional investment behavior. Commenting on the week's performance, financial market analyst Mubarak Al Tamimi told Qatar News Agency (QNA) that a number of positive factors contributed to the index breaching the key 11,000-point level. Chief among them, he said, were the solid performance of listed companies and their strong profits in the first half of the year, which were followed by interim dividend announcements. Al Tamimi noted that there is a growing trend of foreign and Gulf investment portfolios moving towards the Qatari market due to the opportunities it offers in comparison to other regional markets. He added that this trend is likely to strengthen in the coming period amid falling interest rates and rising returns on shares of Qatari companies. He emphasised that the current market conditions present a favorable environment for investors to enhance their portfolios, increase their buying activity, and inject more liquidity into the market. Al Tamimi encouraged investors to make the most of the attractive stock prices and strong dividend yields but warned against engaging in speculative trading without sufficient experience, due to the associated high risks. Concluding his analysis of the market, Al Tamimi said that the general index is now approaching its next technical resistance level at 11,500 points. If this level is breached, the index could move higher toward the next resistance mark of 11,917 points, indicating a continued upward trajectory if the market momentum remains intact. The strong performance of the QSE this week, underpinned by improving fundamentals, rising foreign inflows, and increased trading activity, signals growing confidence in the market. If these trends persist, the Qatari stock market could continue to deliver solid returns and attract further regional and international investment.
The Hindu
23-06-2025
- Health
- The Hindu
Anti-drug day programmes to be held at Kannur Central Jail
Marking World Anti-Drug Day and the 10th anniversary of the ban on smoking in Kerala's prisons, Malabar Cancer Care Society (MCCS) will conduct a series of awareness programmes at the Kannur Central Jail on June 26. The events, aimed at promoting drug-free and smoke-free environments, will begin at 2 p.m. and will be inaugurated by Kannur District Medical Officer Dr. Piyush Namboothiripad. The programme will include anti-drug and anti-tobacco awareness sessions led by expert doctors, musical performances by inmates who have overcome substance addiction, and an anti-drug magic show by renowned magician Prashant Vengad. MCCS president D.D. Krishnanadha Pai said this year also marks a decade since the implementation of the historic smoking ban in Kerala prisons, first enforced in 2015, following a 2014 government order. He said the initiative was driven by the MCCS after non-smoking inmates lodged complaints about having to share space with smokers. Notably, Kerala became the first State in India to enforce a complete smoking ban inside prisons, which was later adopted by prisons across North India and eventually nationwide, he claimed. In 2014, MCCS also launched 'No Tobacco Clinics' within prisons, offering monthly counselling and awareness sessions for inmates who wished to quit smoking. The organisation has since continued to lead numerous awareness drives on tobacco and drug addiction in correctional facilities. The June 26 programme is expected to serve as a powerful reminder of the continued importance of anti-drug and anti-tobacco initiatives, especially within the prison system.
Borneo Post
04-05-2025
- Health
- Borneo Post
Miri City Day blood drive marks 20 years of compassion
Karambir (fourth left) presents a token of appreciation to Yii. MIRI (May 5): The 20th edition of the Miri City Day blood donation drive at Myy Mall Lutong on Saturday registered 79 participants with 57 successful donations recorded. Mayor Adam Yii in his speech at the event extended his heartfelt appreciation to all organisers, volunteers, and donors for their unwavering commitment and dedication to the cause. 'For the past 20 years, the Miri City Day Blood Donation campaign has stood out as a proud symbol of our city's compassionate heart,' he said. 'This campaign is not merely about statistics but it represents the unity, determination, and teamwork of every volunteer and organiser who has worked tirelessly to ensure a safe and consistent blood supply for those in need.' Yii, also Pujut assemblyman, expressed gratitude to the event's co-organisers, including the Miri Indian Association, Miri Piasau Community Welfare Association, Persatuan Wanita Petroleum Miri, Miri City Caring Society (MCCS), Miri Punjabi Association, and Inner Wheel Club of Miri. He also praised the donors, describing them as 'true heroes' for their continuous support. 'One donation can save up to three lives. Each contribution is a selfless act that brings hope, another chance, hope, and smile to someone in need,' he said. Event coordinating organising chairman Karambir Singh acknowledged Yii's recognition of the city's top male and female blood donors at the Mayor's Award 2024, adding such accolades inspire the public to continue supporting the noble cause. The event was also attended by a political secretary to the Premier and MCCS advisor Pandang Semat, MCCS patron Dr Roland Dom Mattu, and representatives of participating associations. adam yii blood donation drive blood supply healthcare lead
Zawya
01-05-2025
- Business
- Zawya
Qatar: Mannai Corporation gross profit grows 7.3% to $74.45mln in Q1
Doha: Mannai Corporation (Qatar Exchange: MCCS) reported a 7.3% increase in gross profit, reaching QR271m on consolidated revenue of QR1.3bn for the first quarter of 2025 The Group earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) for the period grew by 3% to QR134m compared to QR130m for the same period last year. Group Earnings before Interest and Taxes (EBIT) also grew by 5% for the period to QR86m compared to QR82m for the same period last year. The Group net profit before tax for the period increased by 21% to QR35m for the first quarter compared to QR29m for the same period last year. Mannai Corporation continues to actively pursue participation in domestic projects, focusing on ongoing and future developments within the country. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
