Latest news with #QR2bn
Zawya
06-05-2025
- Business
- Zawya
Qatar: QSE index sheds 44 points; M-cap melts $607mln
A higher than average selling pressure especially in the industrials, banks and insurance sectors led the 20-stock Qatar Index shed 0.42% to 10,455.7 points A caution ahead of US-China trade talks and falling oil prices had their reflection on the Qatar Stock Exchange (QSE), which on Monday lost about 44 points in index and more than QR2bn in capitalisation. A higher than average selling pressure especially in the industrials, banks and insurance sectors led the 20-stock Qatar Index shed 0.42% to 10,455.7 points, although it touched an intraday high of 10,529 points. The domestic institutions were seen increasingly into net selling in the main market, whose year-to-date losses widened to 1.09%. More than 60% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR2.21bn or 0.36% to QR614.61bn on the back of midcap segments. The foreign individuals turned net profit takers in the main market, which saw no trading of exchange traded funds. The Gulf retail investors were seen bearish in the main bourse, whose trade turnover grew amidst lower volumes. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. The Gulf institutions' weakened net buying had its influence on the main bourse, which saw no trading of sovereign bonds. The Total Return Index fell 0.42%, the All Islamic Index by 0.47% and the All Share Index by 0.37% in the main market. The industrials sector index shed 0.74%, banks and financial services (0.47%), insurance (0.45%) and consumer goods and services (0.18%); while transport gained 0.51%, telecom (0.13%) and real estate (0.06%). Major losers in the main market included Qatar General Insurance and Reinsurance, Beema, QIIB, Lesha Bank, Ahlibank Qatar, Mannai Corporation, Industries Qatar, Mesaieed Petrochemical Holding, Qatar Electricity and Water and Estithmar Holding. Nevertheless, Milaha, Widam Food, Baladna, Doha Insurance, Vodafone Qatar, Mazaya Qatar and Gulf Warehousing were among the gainers in the main bourse. The domestic institutions' net selling increased substantially to QR40.33mn compared to QR13.26mn the previous day. The foreign individuals turned net sellers to the tune of QR1.1mn against net buyers of QR1.91mn on May 4. The Gulf retail investors were net profit takers to the extent of QR0.42mn compared with net buyers of QR1.31mn on Sunday. The Gulf institutions' net buying decreased considerably to QR1.29mn against QR12.68mn the previous day. The Arab retail investors' net buying weakened perceptibly to QR1.02mn compared to QR3.03mn on May 4. However, the foreign funds' net buying strengthened significantly to QR30.41mn against QR7.99mn on Sunday. The Qatari retail investors were net buyers to the extent of QR9.04mn compared with net sellers of QR13.55mn the previous day. The Arab institutions turned net buyers to the tune of QR0.1mn against net profit takers of QR0.1mn on May 4. The main market witnessed a 20% slump in trade volumes to 140.31mn shares but on 4% jump in value to QR356.25mn and 12% in deals to 14,264. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
Zawya
05-05-2025
- Business
- Zawya
Qatar's QSE index gains 52 points; M-cap adds $505mln
The Gulf institutions were seen increasingly net buyers as the 20-stock Qatar Index rose 0.5% to 10,499.64 points Reflecting the optimism on a potential resolution of the US-China trade dispute, the Qatar Stock Exchange (QSE) Sunday opened the week on a stronger note with its key index gaining more than 52 points and capitalisation adding about QR2bn. The Gulf institutions were seen increasingly net buyers as the 20-stock Qatar Index rose 0.5% to 10,499.64 points, although it touched an intraday high of 10,519 points. The transport and banking counters witnessed higher than average demand in the main market, whose year-to-date losses truncated to 0.68%. The Arab retail investors turned bullish in the main bourse, whose capitalisation added QR1.84bn or 0.3% to QR616.82bn on the back of mid and small cap segments. The foreign individuals were seen net buyers in the main market, which saw as many as 0.02mn exchange traded funds (sponsored by AlRayan Bank) valued at QR0.05mn change hands across 14 deals. The foreign institutions continued to bet net buyers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills. The domestic institutions were seen net profit takers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 0.5%, the All Islamic Index by 0.35% and the All Share Index by 0.4% in the main market. |The transport sector index shot up 1.24%, banks and financial services (0.82%) and real estate (0.07%); while insurance declined 0.86%, telecom (0.57%), consumer goods and services (0.3%) and industrials (0.28%). Major gainers in the main bourse included Nakilat, Qatar German Medical Devices, Doha Bank, Qatar Islamic Bank, Dukhan Bank, AlRayan Bank, Lesha Bank and Qamco. Nevertheless, about 51% of the traded constituents were in the red with major losers being Qatar General Insurance and Reinsurance, Commercial Bank, Qatar Electricity and Water, Qatar Insurance and Milaha. The Gulf institutions' net buying increased considerably to QR12.68mn compared to QR3.63mn the previous trading day. The Arab retail investors were net buyers to the tune of QR3.03mn against net sellers of QR9.62mn last Thursday. The foreign individuals turned net buyers to the extent of QR1.91mn compared with net sellers of QR0.21mn on May 1. The Qatari retail investors' net selling declined substantially to QR13.55mn against QR30.11mn the previous trading day. However, the domestic funds were net sellers to the extent of QR13.26mn compared with net buyers of QR6.75mn last Thursday. The Arab institutions turned net profit takers to the tune of QR0.1mn against no major net exposure on May 1. The foreign funds' net buying declined significantly to QR7.99mn compared to QR28.13mn the previous trading day. The Gulf individual investors' net buying weakened marginally to QR1.31mn against QR1.44mn last Thursday. The main market witnessed a 13% slump in trade volumes to 176.13mn shares, 22% in value to QR343mn and 27% in deals to 12,830. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
Zawya
09-04-2025
- Business
- Zawya
Qatar: GWC receives ratings from Capital Intelligence with ‘stable' outlook
Doha, Qatar: Gulf Warehousing Company Q.P.S.C (GWC), one of the leading logistics providers in the MENA region, announced that Capital Intelligence (CI) has assigned the company first-time Long- and Short-Term ratings on the Qatar National Scale of 'qaA-' and 'qaA2', respectively. The Outlook on the ratings is 'Stable'. The international agency confirmed that GWC is by far the largest logistics services provider in Qatar, and it has a dominant market share in its home market. Moreover, it enjoys a strong financial position, while its wholly owned subsidiary, Flag Logistics, launched in early 2024, is performing well with promising future expansion opportunities. According to Capital Intelligence, GWC's current focus at home will increasingly be on improving margins by introducing higher value-added supply chain services, supported by its solid capital base. This base is set to be bolstered as a result of the planned issue of a subordinated perpetual sukuk, which was recently approved by GWC's Extraordinary Assembly General Meeting in compliance with Islamic Sharia principles, with a total value of QR2bn (or its equivalent in other currencies). The agency also highlighted GWC's credit strengths, including strong cash flows, as the company works on increasing overall occupancy at its existing facilities in Qatar while simultaneously aiming to grow the proportion of higher margin 3PL (third-party logistics) and 4PL (fourth-party logistics) revenues in its overall top line. Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, GWC Managing Director, said: 'Capital Intelligence is one of the largest rating agencies in the world, and therefore, its first-time rating of GWC with a stable outlook is an international endorsement of the strength of the business model. It clearly reflects the company's leadership position in the logistics sector and the significant progress it has made in enhancing its performance, alongside the current expansion strategy to diversify income sources, maintain stable cash flows, and ensure sustainable profitability.' Matthew Kearns, GWC's Acting Group CEO, said: 'This rating aligns closely with the efforts to enhance GWC's performance in the logistics sector, support small and medium-sized enterprises, foster innovation, focus on sustainability, and contribute effectively to the diversification of the national economy and Qatar's National Vision 2030. The rating also serves as a major catalyst to further improve performance in the upcoming period and deliver the best value for shareholders.' GWC is maintaining its position as the premier provider of warehousing and distribution solutions across diverse sectors, serving entrepreneurs, micro, small and medium enterprises, as well as multinational corporations. GWC's contributions to the logistics sector were recognised with multiple awards in 2024. The Al Wukair Logistics Park was named 'Project of the Year' by meed projects showcasing GWC's ability to deliver forward-thinking infrastructure that meets the evolving needs of the market. Additionally, Qatar's General Authority of Customs honoured GWC for its efforts in streamlining customs processes, further cementing its reputation as a trusted logistics partner. GWC was also ranked ninth regionally in the transport and logistics category on Forbes Middle East's Sustainability Leaders 2023 and 2024. The prestigious list recognizes 105 companies leading impactful sustainability initiatives across the region. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
19-03-2025
- Business
- Zawya
Qatar: Domestic funds keep QSE in positive path; M-cap adds $662mln
Qatar - An across the board buying, particularly in the transport, was instrumental in lifting the 20-stock Qatar Index 0.55% to 10,461.48 points, recovering from an intraday low of 10,395 points. The domestic institutions' increased buying support on Tuesday helped the Qatar Stock Exchange stay afloat in the positive trajectory with its key index gaining as much as 58 points and capitalisation add more than QR2bn. An across the board buying, particularly in the transport, was instrumental in lifting the 20-stock Qatar Index 0.55% to 10,461.48 points, recovering from an intraday low of 10,395 points. The local retail investors' wakened net selling had its influence in the main market, whose year-to-date losses truncated to 1.04%. About 69% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR2.41bn or 0.39% to QR612.57bn on the back of small and microcap segments. The Gulf individuals' lower net profit booking had its say in the main market, which saw as many as 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.02mn change hands across six deals. However, the foreign funds were seen increasingly bearish in the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills. The Gulf institutions turned net profit takers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 0.55%, the All Share Index by 0.51% and the All Islamic Index by 0.43% in the main market. The transport sector index zoomed 3.78%, consumer goods and services (0.54%), real estate (0.43%), insurance (0.41%), industrials (0.33%), telecom (0.15%) and banks and financial services (0.12%). Major gainers in the main market included Qatar German Medical Devices, Medicare Group, Nakilat, Milaha, Lesha Bank, Dlala, Baladna, Mekdam Holding, Al Faleh Educational Holding, Qamco and United Development Company. In the juniour bourse, Techno Q saw its shares appreciate in value. Nevertheless, Al Khaleej Takaful, QIIB, Ezdan, Mannai Corporation and Aamal Company were among the shakers in the main bourse. The domestic institutions' net buying strengthened significantly to QR41.19mn compared to QR34.19mn on March 17. The local individual investors' net selling declined substantially to QR3.98mn against QR12.83mn the previous day. The Gulf retail investors' net profit booking weakened perceptibly to QR0.48mn compared to QR2.16mn on Monday. However, the foreign institutions' net selling expanded noticeably to QR31.22mn against QR22.87mn on March 17. The Gulf institutions were net sellers to the extent of QR5.07mn compared with net buyers of QR1.21mn the previous day. The foreign individual investors turned net sellers to the tune of QR0.5mn against net buyers of QR1.86mn on Monday. The Arab individual investors' net buying shrank marginally to QR0.07mn compared to QR0.6mn on March 17. The Arab institutions had no major for the 16th straight session. The main market witnessed a 9% jump in trade volumes to 225.25mn shares, 8% in value to QR474.44mn and 46% in deals to 38,947. In the venture market, trade volumes surged 61% to 0.04mn equities, value by 61% to QR0.12mn and 30% in transactions to 13.
