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Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
QSE marks fifth consecutive weekly gain as index hits multi-month high
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) extended its winning streak for the fifth consecutive week, with the benchmark index gaining 54.55 points, or 0.5 percent, to close at 10,574.59 — its highest levelsince February 16. The continued uptrend reflects growing investor confidence, improved liquidity, and easing global trade tensions. According to a report by QNB Financial Services (QNBFS), QSE's market capitalisation also rose by 1.0 percent to QR624.6 billion, up from QR618.6 billion at the end of the previous trading week. Out of the 53 listed companies, 35 ended the week higher, 16 declined, and two remained unchanged. Estithmar Holding (IGRD) was the top performer of the week, surging 10.1 percent, while Qatar Cinema & Film Distribution Company (QCFS) recorded the steepest loss at 9.4 percent. Leading contributors to the index's rise were QNB Group (QNB), Industries Qatar (IQ), and Qatar Electricity and Water Company (QEWC). QNB added 28.32 points, IQ contributed 16.35 points, and QEWC added another 9.44 points to the index. Trading activity surged across the board. The total traded value rose by 19.6 percent to QR2,343.7 million, up from QR1,959.7 million in the previous week. Estithmar Holding topped the value charts with QR205.8 million in trades. Traded volume also jumped 19.9 percent to 1,085.3 million shares compared to 905.4 million shares a week earlier. Baladna led in volume with 139 million shares exchanged. The number of transactions increased by 8.9 percent to 96,142, signaling heightened investor participation. Foreign institutions remained bullish, ending the week with net buying of QR199.3 million versus QR177.1 million the week before. Qatari institutions, however, maintained a bearish stance, with net selling of QR53.1 million, an improvement from the QR133.4 million in net selling recorded in the previous week. Foreign retail investors posted net selling of QR36.8 million, while Qatari retail investors offloaded shares worth QR109.4 million. Year-to-date, global foreign institutions are net sellers of Qatari equities by $166 million, while GCC institutions are net short by $69.3 million. Speaking to Qatar News Agency (QNA), Ramzi Qasmieh, Investment Manager at Qatar Securities Company, noted that the index's strong close marked its best performance since mid-February. 'The insurance sector led gains with a 3.12 percent rise, followed by the industrial sector, which climbed 1.86 percent. However, the transportation sector fell by 1.36 percent,' Qasmieh said. He highlighted that speculative activity fueled improved liquidity, with the weekly traded value increasing by nearly QR385 million. Looking ahead, market analysts believe the QSE may continue to benefit from improving global sentiment, easing inflation concerns, and strong quarterly results from key companies. However, they caution that continued net selling by Qatari retail investors and volatility in global markets could create intermittent headwinds. Investor focus in the coming week is expected to remain on stock-specific action, particularly in companies with solid earnings outlooks or those likely to benefit from sectoral momentum, such as insurance and industrials.
Qatar Tribune
08-05-2025
- Business
- Qatar Tribune
QSE bull run continues as market sentiment strengthens
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) concluded the week on a positive note, with the main index advancing by 72.41 points, or 0.7 percent, to close at 10,520.04. The rally was supported by strong performances across several blue-chip stocks and a generally positive market sentiment, buoyed by both local and global economic signals. Market capitalisation also saw a modest increase, climbing 0.6 percent to reach QR618.6 billion, compared to QR615.0 billion at the end of the previous trading week. Among the 53 listed companies that were traded during the week, 32 registered gains, 19 declined, and two remained unchanged, reflecting a broadly optimistic investor outlook. Vodafone Qatar emerged as the standout performer for the week, recording a gain of 9.3 percent. On the other end of the spectrum, Damaan Islamic Insurance Company was the worst performing stock, losing 5.5 percent over the same period. Key drivers of the index's weekly rise were Nakilat, QNB Group, and Vodafone Qatar. Nakilat alone added 34.42 index points, while QNB contributed 22.65 points. Vodafone Qatar followed closely, adding 17.12 points to the index. Despite the index's upward movement, overall trading activity witnessed a decline. The total traded value for the week dropped by 6.3 percent to QR1,959.7 million, down from QR2,092.4 million in the previous week. Al Rayan Bank led in terms of traded value, registering QR169.1 million worth of transactions. Traded volume also fell by 2.9 percent to 905.4 million shares, compared with 932.5 million shares in the prior week. The number of transactions was significantly lower, dropping 12.1 percent to 88,298 trades from 100,458. Qatar Aluminum Manufacturing Company (Qamco) topped the volume chart, with 99.9 million shares changing hands. On the investor side, foreign institutions remained notably bullish, ending the week with net purchases totaling QR177.1 million, up from QR105.2 million in the previous week. In contrast, Qatari institutions recorded net selling of QR133.4 million, reversing their position from net buying of QR15.0 million a week earlier. Foreign retail investors continued to sell, albeit at a slower pace, with net selling of QR2.4 million compared to QR28.2 million in the prior week. Qatari retail investors also maintained a net selling position, amounting to QR41.3 million, a reduction from QR92 million the week before. Year-to-date data shows that global foreign institutions remain net sellers of Qatari equities by $212.4 million, while institutions from the GCC are also net sellers by $77.8 million, indicating continued outflows at the broader regional level. Commenting on the market outlook, financial analyst Youssef Bouhlaiqa projected that the QSE index is likely to surpass the 10,700 mark and potentially breach the 11,000-point level by the start of next month. He attributed this anticipated rally to multiple favorable factors, including the recent decision by the US Federal Reserve to keep interest rates steady between 4.25 percent and 4.5 percent. Following suit, the Qatar Central Bank also decided to maintain its current policy rates, a move that is expected to boost investor confidence and liquidity in the local market. Bouhlaiqa further emphasised the role of both local and foreign portfolios in revitalizing market activity, particularly through investments in companies that posted strong first-quarter results. He also pointed out that current stock valuations are attractive, making them suitable for accumulation by medium- and long-term investors. The average daily trading volume on the QSE this week was estimated at approximately QR392 million, indicating a stable trading environment despite the overall decline inactivity. As macroeconomic conditions stabilize and interest rates remain unchanged, the QSE appears well-positioned for further gains in the coming weeks, contingent on continued investor participation and corporate earnings momentum.
Qatar Tribune
08-05-2025
- Business
- Qatar Tribune
Real estate trading volume exceeds QR1 bn in a week
DOHA: The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice from April 27 to May 1 amounted to QR1,004,647,349, while the total sales contracts for the real estate bulletin for residential units during the same period amounted to QR68,035,067. The weekly bulletin issued by the department shows that the list of properties traded for sale included vacant lands, residential homes, apartment buildings, commercial buildings, shops and residential units. The sales operations were concentrated in the municipalities of Doha, Al Wakrah, Umm Salal, Al Rayyan, Al Dhaayen, Al Khor and Al Dhakira, and Al Shamal, in addition to the areas of the Pearl, Lusail 69, Ghar Thuaileb, Umm Al Amad, and Umm Ebairiya.
Zawya
07-05-2025
- Business
- Zawya
Qatar: Ahead of Fed meet, QSE gains 29 points; M-cap adds $675mln
Qatar - The foreign funds continued to be bullish but with lesser intensity as the 20-stock Qatar Index rose 0.28% to 10,484.46 points Ahead of the US Federal Reserve's meeting, the Qatar Stock Exchange (QSE) Tuesday gained about 29 points on the back of buying interests, especially in the telecom, banking, transport and consumer goods sectors. The foreign funds continued to be bullish but with lesser intensity as the 20-stock Qatar Index rose 0.28% to 10,484.46 points, although it touched an intraday high of 10,502 points. The Gulf retail investors were seen net buyers, albeit at lower levels, in the main market, whose year-to-date losses truncated to 0.82%. About 59% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR2.46bn or 0.4% to QR617.07bn on the back of midcap segments. The domestic institutions' weakened net selling had its influence on the main market, which saw as many as 524 exchange traded funds (sponsored by AlRayan Bank) valued at QR1,212 trade across five deals. The local retail investors were seen net profit takers in the main bourse, whose trade turnover and volumes were on the increase. The Islamic index was seen outperforming the other indices of the main market, which saw no trading of treasury bills. The Gulf institutions turned net sellers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 0.28%, the All Islamic Index by 0.24% and the All Share Index by 0.36% in the main market. The telecom sector index gained 0.87%, banks and financial services (0.49%), transport (0.36%), consumer goods and services (0.25%) and industrials (0.05%); while real estate declined 0.24% and insurance 0.06%. Major gainers in the main bourse included Al Mahhar Holding, Vodafone Qatar, Qamco, Mazaya Qatar, Salam International Investment, QNB, Al Meera, Aamal Company, Estithmar Holding and Nakilat. In the venture market, Techno Q saw its shares appreciate in value. Nevertheless, Qatari Investors Group, Dukhan Bank, Baladna, Qatar German Medical Devices and Barwa were among the shakers in the main market. The Gulf retail investors were net buyers to the tune of QR0.12mn compared with net profit takers of QR0.42mn on Monday. The domestic institutions' net selling decreased substantially to QR12.5mn against QR40.33mn the previous day. The foreign individual investors' net selling eased marginally to QR0.09mn compared to QR1.1mn on May 5. However, the Qatari retail investors turned net sellers to the extent of QR12.2mn against net buyers of QR9.04mn on Monday. The Gulf institutions were net profit takers to the tune of QR1.57mn compared with net buyers of QR1.29mn the previous day. The Arab retail investors turned net sellers to the extent of QR0.66mn against net buyers of QR1.02mn on May 5. The foreign institutions' net buying weakened perceptibly to QR26.9mn compared to QR30.41mn on Monday. The Arab institutions had no major net exposure against net buyers to the tune of QR0.1mn the previous day. The main market witnessed a 51% surge in trade volumes to 211.57mn shares, 12% in value to QR397.88mn and 42% in deals to 20,272. In the venture market, a total of 6,012 equities valued at QR0.02mn change hands across two transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
Qatar Tribune
07-05-2025
- Business
- Qatar Tribune
Aamal secures over QR1 billion Kahramaa deal
Tribune News Network Doha Aamal Company, one of the region's leading diversified companies, on Tuesday announced that Elsewedy Cables Qatar, a subsidiary of Senyar Industries Qatar Holding, one of Qatar's leading industrial groups in which Aamal holds a 50 percent ownership stake, has officially signed a contract with Qatar General Electricity & Water Corporation (Kahramaa) valued at over QR1 billion. Under the contract, Elsewedy Cables Qatar will begin preparations to receive supply and project orders as part of the expansion of Kahramaa's power transmission system in Qatar. This includes the supply and installation of 132 kV power cables, which will be manufactured by Doha Cables, a company created as a partnership between Aamal and El Sewedy Cables. On behalf of Aamal Company, the agreement was signed by Sheikh Faisal Bin Qassim Al Thani, chairman of Aamal Company. The signing ceremony was attended by several company representatives, including Sheikh Mohammed Bin Faisal Al Thani, Aamal Company Vice Chairman and Managing Director; Rashid bin Ali Al Mansoori, Aamal CEO; Ahmed Sadek El Sewedy, CEO of Elsewedy Electric and Ahmed Fathi El Sewedy, Deputy CEO of Senyar Industries Qatar Holding. On this occasion, Sheikh Faisal said, 'We are proud to officially sign this contract with Kahramaa and greatly appreciate the confidence the Corporation has placed in our company. We take pride in the high quality of Elsewedy Cables' products, which will play a vital role in efficiently meeting the needs of this strategic project. We remain committed to providing the best solutions to support the development of Qatar's power and infrastructure sectors.' Ahmed Fathy Elsewedy, deputy CEO of Senyar Industries Qatar Holding, said, 'The signing of this contract marks a new phase in our fruitful partnership with Kahramaa. We are confident that the quality of Elsewedy Cables' products and the expertise of our team will ensure the successful and timely execution of this project to the highest standards. We are committed to supporting Qatar National Vision 2030 by delivering reliable solutions that align with the Country's ambitions and contribute to building advanced infrastructure.'
