Latest news with #MasrafAlRayan
Zawya
27-03-2025
- Automotive
- Zawya
Mideast Stocks: Most Gulf markets slip on Trump's automobile tariffs
Most stock markets in the Gulf fell in early trade on Thursday, as investors braced for U.S. President Donald Trump's announcement of new tariffs on imported automobiles, rocking automakers globally. Trump announced on Wednesday a 25% tariff on imported cars and light trucks starting next week, widening the ongoing trade war that's been fuelling market volatility. Dubai's main share index dropped 0.2%, hit by a 2.1% fall in MashreqBank and a 0.4% decline in toll operator Salik Company. In Abu Dhabi, the benchmark index eased 0.1%. Oil prices - a catalyst for the Gulf's financial markets - edged lower, as markets weighed the impact of Trump's auto tariffs at a time when concerns swirled about global supply due to U.S. tariff threats on buyers of Venezuelan oil and sanctions on Iran's oil clients. The Qatari index fell 0.4%, with Sharia-compliant lender Masraf Al Rayan declining 3.5%, as the bank traded ex-dividend. Also, investors in the region cut positions as many prefer to cash in holdings ahead of the Eid holiday, which lasts for a week in Qatar and at least three days in the UAE and other Gulf countries. Saudi Arabia's benchmark index, however, gained 0.6%, with Al Rajhi Bank rising 1.6% and Alinma Bank jumping 2%.
Reuters
27-03-2025
- Automotive
- Reuters
Most Gulf markets slip on Trump's automobile tariffs
March 27 (Reuters) - Most stock markets in the Gulf fell in early trade on Thursday, as investors braced for U.S. President Donald Trump's announcement of new tariffs on imported automobiles, rocking automakers globally. Trump announced on Wednesday a 25% tariff on imported cars and light trucks starting next week, widening the ongoing trade war that's been fuelling market volatility. In Abu Dhabi, the benchmark index (.FTFADGI), opens new tab eased 0.1%. Oil prices - a catalyst for the Gulf's financial markets - edged lower, as markets weighed the impact of Trump's auto tariffs at a time when concerns swirled about global supply due to U.S. tariff threats on buyers of Venezuelan oil and sanctions on Iran's oil clients. The Qatari index (.QSI), opens new tab fell 0.4%, with Sharia-compliant lender Masraf Al Rayan ( opens new tab declining 3.5%, as the bank traded ex-dividend. Also, investors in the region cut positions as many prefer to cash in holdings ahead of the Eid holiday, which lasts for a week in Qatar and at least three days in the UAE and other Gulf countries.
Zawya
26-03-2025
- Business
- Zawya
Qatar: QSE index falls below 10,200 points; M-cap melts $472mln
Qatar - The insurance, telecom, consumer goods, industrials, realty and transport counters witnessed higher than average selling pressure as the 20-stock Qatar Index fell 28 points or 0.28% to 10,157.56 points, having touched an intraday high of 10,223 points Reflecting the chaos arising from lack of clarity over the US' reciprocal tariff policy, the Qatar Stock Exchange (QSE) continued to be under selling pressure for the fifth straight session and its key index settled below 10,200 levels. The insurance, telecom, consumer goods, industrials, realty and transport counters witnessed higher than average selling pressure as the 20-stock Qatar Index fell 28 points or 0.28% to 10,157.56 points, having touched an intraday high of 10,223 points. The foreign institutions continued to be net profit takers but with lesser intensity in the main market, whose year-to-date losses widened further to 3.91%. As much as 74% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR1.72bn or 0.29% to QR596.44bn on the back of small and microcap segments. The domestic institutions' weakened net buying had its influence in the main market, which saw as many as 3,697 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.03mn change hands across four deals. The local retail investors' lower net buying also had its say in the main bourse, whose trade turnover and volumes were on the increase. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. The Gulf individuals' weakened net buying had its impact on the main bourse, which saw no trading of sovereign bonds. The Total Return Index declined 0.28%, the All Share Index by 0.27% and the All Islamic Index by 0.38% in the main market. The insurance sector index tanked 1.18%, telecom (0.93%), consumer goods and services (0.75%), industrials (0.73%), real estate (0.62%) and transport (0.51%); while banks and financial services gained 0.15%. Major losers in the main bourse included Mekdam Holding, Qatari German Medical Devices, Vodafone Qatar, Al Faleh Educational Holding, Qatar Insurance, Industries Qatar, Aamal Company, Qatari Investors Group, Qamco, United Development Company and Ezdan. In the venture market, Techno Q saw its shares depreciate in value. Nevertheless, Al Mahhar Holding, Estithmar Holding, Gulf Warehousing, Masraf Al Rayan and Meeza were among the gainers in the main market. The domestic institutions' net buying decreased significantly to QR10.54mn compared to QR41.45mn on March 24. The local individual investors' net buying weakened noticeably to QR2.4mn against QR20.31mn the previous day. The Gulf retail investors' net buying eased marginally to QR0.59mn compared to QR0.83mn on Monday. However, the Gulf institutions were net buyers to the tune of QR4.81mn against net sellers of QR9.87mn on March 24. The Arab individuals turned net buyers to the extent of QR3.12mn compared with net sellers of QR2.5mn the previous day. The foreign individual investors' net buying strengthened marginally to QR2.43mn against QR2.03mn on Monday. The foreign institutions' net profit booking weakened drastically to QR23.89mn compared to QR52.25mn on March 24. The Arab institutions had no major net exposure for the fourth straight session. The main market witnessed 5% jump in trade volumes to 126.69mn shares and 3% in value to QR313.42mn but on less than 1% shrinkage in deals to 14,749. In the junior bourse, trade volumes plummeted 70% to 7,444 equities; value by 70% to QR0.02mn and transactions by 43% to four. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
Zawya
25-03-2025
- Business
- Zawya
Qatar's QSE index falls below 10,200 points; M-cap erodes $1.21bln
The foreign funds squared off their position as the 20-stock Qatar Index shed 82 points or 0.8% to 10,185.7 points, having touched an intraday high of 10,301 points Geopolitical uncertainties in the region and the US' tariff policies continued to play its part in dampening sentiments in the Qatar Stock Exchange (QSE), which on Monday closed below 10,200 levels with selling pressure seen the most in telecom and industrials counters. The foreign funds squared off their position as the 20-stock Qatar Index shed 82 points or 0.8% to 10,185.7 points, having touched an intraday high of 10,301 points. The Gulf institutions were seen increasingly net profit takers in the main market, whose year-to-date losses widened further to 3.65%. About 68% of the traded constituents were in the red in the main bourse, whose capitalisation eroded QR4.46bn or 0.74% to QR598.16bn on the back of large and midcap segments. The Arab individuals were increasingly net sellers in the main market, which saw as many as 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.08mn change hands across seven deals. However, the domestic funds were seen increasingly bullish in the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen declining slower than the main barometer of the main market, which saw no trading of treasury bills. The local retail investors turned net buyers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index declined 0.8%, the All Share Index by 0.72% and the All Islamic Index by 0.75% in the main market. The telecom sector index tanked 1.95%, industrials (1.8%), banks and financial services (0.74%), real estate (0.67%) and insurance (0.42%); while transport gained 0.53% and consumer goods and services 0.03%. Major losers in the main market included Qatar Cinema and Film Distribution, Ooredoo, Al Faleh Educational Holding, QIIB, Dukhan Bank, Qatar Oman Investment, Qatari German Medical Devices, Mannai Corporation, Industries Qatar, Aamal Company and Qatari Investors Group. In the junior bourse, Techno Q saw its shares depreciate in value. Nevertheless, Estithmar Holding, QLM, Zad Holding, Ezdan, Gulf Warehousing and Qamco were among the gainers in the main market. The foreign institutions' net profit booking increased drastically to QR52.25mn compared to QR1.23mn on March 23. The Gulf institutions' net selling strengthened noticeably to QR9.87mn against QR7.24mn the previous day. The Arab individual investors' net selling expanded marginally to QR2.5mn compared to QR2mn on Sunday. The foreign retail investors' net buying weakened marginally to QR2.03mn against QR2.65mn on March 23. However, the domestic funds' net buying strengthened significantly to QR41.45mn compared to QR19.83mn the previous day. The local individuals turned net buyers to the tune of QR20.31mn against net sellers of QR12.51mn on Sunday. The Gulf retail investors' net buying strengthened marginally to QR0.83mn compared to QR0.5mn on March 23. The Arab institutions had no major net exposure for the third straight session. The main market witnessed 36% surge in trade volumes to 120.78mn shares, 45% in value to QR305.23mn and 79% in deals to 14,754. In the junior bourse, trade volumes were down 4% to 0.02mn equities and value by 4% to QR0.06mn amidst flat seven transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
Zawya
20-03-2025
- Business
- Zawya
Geopolitical tensions cast shadow on Qatar's QSE as index loses 77 points; M-cap melts $1.30mln
The Gulf institutions continued to be bearish but with lesser vigour in the main bourse, whose capitalisation melted QR4.74bn or 0.77% to QR607.83bn on the back of midcap segments. Rising geopolitical tensions on Wednesday had its reflections on the Qatar Stock Exchange, which closed 77 points lower as more than 69% of the stocks were in the red. The foreign institutions hurriedly squared off their position as the 20-stock Qatar Index shed 0.73% to 10,384.72 points although it touched an intraday high of 10,465 points. The banks and telecom counters witnessed higher than average selling pressure in the main market, whose year-to-date losses widened to 1.76%. The Gulf institutions continued to be bearish but with lesser vigour in the main bourse, whose capitalisation melted QR4.74bn or 0.77% to QR607.83bn on the back of midcap segments. The domestic funds were seen increasingly net buyers in the main market, which saw as many as 2,189 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.02mn change hands across seven deals. The local retail investors turned bullish in the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen declining slower than the other indices of the main market, which saw no trading of treasury bills. The Arab individuals were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index declined 0.62%, the All Share Index by 0.68% and the All Islamic Index by 0.57% in the main market. The banks and financial services sector index tanked 1.23%, telecom (0.91%), consumer goods and services (0.39%), insurance (0.1%) and realty (0.09%); while transport gained 0.54%. The industrials index was flat. Major losers in the main market included Qatari Investors Group, Qatar German Medical Devices, QIIB, Qatar Oman Investment, Meeza, QNB, Qatar Islamic Bank, Dukhan Bank, Lesha Bank and Ooredoo. In the juniour bourse, Techno Q saw its shares depreciate in value. Nevertheless, Qatar General Insurance and Reinsurance Group, Al Faleh Educational Holding, Estithmar Holding, Baladna, Vodafone Qatar, Nakilat and Milaha were among the gainers in the main bourse. The foreign institutions' net selling increased substantially to QR104mn compared to QR31.22mn on March 18. The foreign individual investors' net selling expanded noticeably to QR3.83mn against QR0.5mn on Tuesday. However, the domestic funds' net buying strengthened significantly to QR63.54mn compared to QR41.19mn the previous day. The local individuals turned net buyers to the tune of QR31.96mn against net profit takers of QR3.98mn on March 18. The Arab individual investors' net buying increased markedly to QR9.85mn compared to QR0.07mn on Tuesday. The Gulf retail investors were net buyers to the extent of QR3.29mn against net sellers of QR0.48mn the previous day. The Arab institutions turned net buyers to the tune of QR0.01mn compared with no major exposure on March 18. The Gulf institutions' net profit booking weakened drastically to QR0.81mn against QR5.07mn on Tuesday. The main market witnessed a 31% shrinkage in trade volumes to 155.34mn shares, 2% in value to QR465.41mn and 35% in deals to 25,408. In the venture market, trade volumes tanked 66% to 0.01mn equities, value by 66% to QR0.04mn and transactions by 69% to 4. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
