Latest news with #QR2
Qatar Tribune
28-05-2025
- Business
- Qatar Tribune
Rawabi Hypermarket launches ‘Win One Million' campaign
Satyendra Pathak Doha Rawabi Hypermarket has launched one of its most exciting and rewarding customer campaigns to date — the 'Win One Million' campaign, set to run from May 26 to December 31, 2025, across all Rawabi outlets in Qatar. This grand initiative will see 528 lucky winners walk away with incredible prizes, culminating in a Mega Draw on January 1, 2026. Customers spending QR50 or more at any Rawabi Hypermarket will automatically receive a digital e-raffle coupon via SMS, ensuring a completely paperless and seamless participation process. Among the 528 lucky winners, three will drive away with the grand prize – the GWM TANK 500 SUV. Additionally, 35 winners will receive Rawabi shopping vouchers worth QR3,000, 75 winners will receive vouchers worth QR2,000, 140 winners will be awarded QR1,000 vouchers, and 280 winners will take home vouchers worth QR500. Monthly digital draws will be held from June to December 2025, selecting 75 winners each month for shopping vouchers. The campaign will conclude with a mega draw on January 1, 2026, where the top winners, including the SUV recipients, will be announced. Commenting on the campaign, Rawabi Group Managing Director Mohammed Abdulla said, 'Our customers are at the core of everything we do. The 'Win One Million' campaign is our heartfelt way of thanking them for their continued loyalty and support. With exciting rewards and a fully digital, hassle-free experience, we aim to elevate every customer's journey with Rawabi while reaffirming our commitment to exceptional service and unmatched value.' Consistently at the forefront of Qatar's retail landscape, Rawabi Hypermarket remains dedicated to community-focused initiatives and customer-first experiences. From weekly promotions to festive celebrations, Rawabi continues to offer a distinctive shopping experience across a wide range of categories — from groceries and electronics to home essentials, fashion, and more — all at unbeatable prices. In addition to the exciting raffle campaign, Rawabi Hypermarket is fully geared up for the upcoming Eid season with a host of exclusive festive offers. Shoppers can take advantage of special Buy 2 Get 1 Free deals on a wide selection of garments, footwear, and ladies' bags, showcasing the latest trends at unbeatable prices. Adding to the seasonal celebrations is the much-anticipated Jackfruit Festival — a treat for jackfruit enthusiasts. The festival features over 18 unique varieties of jackfruit, specially sourced from India, Uganda, and Thailand. Some of the most sought-after varieties include Ayoor Jack, Sindhoor Varikka, Kabodiyal Nadan Varikka, Then Varikka, Disabar Honey, Muttan Varikka, Super Harli, Bunrotti, Puthukot, Jackfruit Uganda, Lotus, Chalakkudi, and Tender varieties. 'Customers are invited to visit any Rawabi Hypermarket outlet, spend QR50 or more, and be part of this thrilling digital raffle experience. At Rawabi, shopping is more than just a purchase — it's a chance to celebrate, save, and win big,' Rawabi Hypermarket said in a statement issued on theoccasion.
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
07-05-2025
- Business
- Qatar Tribune
Snoonu unveils biggest-ever cash giveaway in Qatar
Tribune News Network Doha After days of speculation, leaked footage, and unexpected headlines, Snoonu on Tuesday officially unveiled its newest and most ambitious campaign 'Millions Await', a five-month journey of surprise, excitement, and meaningful engagement with our community. Over the next five months, Snoonu users will have the chance to win over QR5 million in cash prizes, including a grand prize of QR2 million, simply by placing their everyday orders. With a minimum order of just QR50, for most of the customers it won't even mean increasing their spendings, literally everyone gets a fair chance to win. The story behind the campaign is just as powerful as the prizes themselves. At the press conference, Snoonu CEO Hamad Al Hajri said, 'We wanted to launch this campaign in a way that reflects who we are — not just a tech company, but storytellers and experience builders. Millions Await is more than a giveaway. It's a statement of a 'thank you' to our customers and a reminder that innovation can still be fun, bold, and deeply human.' The buildup began with an intentional leak from inside Snoonu headquarters, full of confusion and urgency. Even Hamad was seen returning early from an international speaking engagement, adding to the speculation. 'We're storytellers. We're builders. But above all, we're people,' Hamad noted. 'Behind every bold idea, every screen and every success story is a team that feels, thinks, and sometimes struggles. This campaign was designed to surprise, yes — but also to remind our audience of the value of empathy, well-being, and connection. The main goal of this campaign is to activate our role as a leading local Qatari super app and to drive positive change within our community and the wider ecosystem.' Millions Await launches under the umbrella of S5, the next era in Snoonu's ecosystem journey. This evolution integrates five core verticals, pushing the limits of what a super app can achieve, grounded in genuine human connection.
Zawya
02-05-2025
- Business
- Zawya
Qatar: QSE makes weekly gain of 1.8% on banking strength
Doha: The Qatar Stock Exchange (QSE) index recorded a solid gain of 183.46 points, or 1.8 percent, during the trading week to close at 10,447.63 points, marking its third consecutive week of positive performance. This upward movement was largely driven by strong demand in the banking sector, bolstered further by encouraging quarterly earnings reports from several listed companies. The overall market capitalisation of the QSE increased by 1.6 percent, rising to QR615 billion from QR605.5 billion at the end of the previous trading week. Among the 53 companies that traded during the week, 23 ended higher, 29 declined, and one remained unchanged. Qatar General Insurance & Reinsurance (QGRI) stood out as the best performing stock of the week, registering a sharp increase of 13.7 percent. On the other hand, Al Faleh Educational Holding Company (FALH) was the week's worst performer, slipping by 3.5percent. The rally was spearheaded by major banking stocks. Qatar Islamic Bank (QIB) was the leading contributor to the index's gain, adding 52.20 points. QNB Group (QNB) followed closely with a contribution of 43.42 points, while Commercial Bank (CBQ) added another 27.05 points to the overall index. Despite the index's upward momentum, overall market activity saw a slight decline. The total traded value during the week fell by 6 percent to QR2,092.4 million, compared with QR2,225.9 million in the previous week. Industries Qatar (IQ) emerged as the most traded stock by value, recording a weekly turnover of QR197.3 million. Traded volume also dropped, down 15.2 percent to 932.5 million shares, compared to 1,099.1 million shares in the prior week. Baladna led the market in terms of volume, with a total of 97.4 million shares exchanged. Interestingly, the number of transactions rose by 6.7 percent to reach 100,458, up from 94,110 the week before. Investor sentiment showed notable shifts. Foreign institutional investors continued to be net buyers, though their net buying dropped to QR105.2 million from QR133.5 million the previous week. Qatari institutions turned bullish, posting net buying of QR15.0 million in contrast to net selling of QR38.1 million a week earlier. However, foreign retail investors increased their selling activity, recording net sales of QR28.2 million versus QR11.0 million the week before. Qatari retail investors also remained net sellers, offloading QR92.0 million worth of shares, compared to QR84.4 million in the prior week. On a year-to-date basis, global foreign institutions are net sellers of Qatari equities amounting to $255.5 million, while institutions from the Gulf Cooperation Council (GCC) have a net short position of $83.4 million. Speaking to QNA, Ramzi Qasmieh, Investment Manager at Qatar Securities Company, noted that the QSE Index's continued rise reflects market resilience and investor confidence, particularly in the banking sector, which gained approximately 2.86 percent during the week. He added that the industrial sector saw a 0.99 percent increase, telecommunications advanced by 1.12 percent, while the real estate sector experienced a decline of 1.2 percent. Qasmieh attributed much of the week's positive sentiment to the release of Q1 2025 earnings reports, which showed a collective year-on-year profit growth of 0.92 percent among listed companies. He highlighted that stocks such as Lesha Bank, Gulf International Services, and Beema Insurance saw stronger investor interest due to their favorable earnings results. He also pointed out that stability in global financial markets has contributed to a cautious sense of optimism among investors. From a technical standpoint, Qasmieh observed that the index is nearing a key resistance level of 10,500 points. A breakout above this level could potentially trigger further upside, possibly pushing the index toward the 10,700-point mark in the near term. Overall, the Qatar Stock Exchange concluded the week on a strong note, underpinned by a resilient banking sector and improving corporate earnings, setting a positive tone for the coming weeks despite a dip in trading volumes. © Copyright Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (
