Latest news with #QR676.3
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
Bull run continues as QSE gains on strong foreign fund inflows
Satyendra Pathak Doha The bull run on the Qatar Stock Exchange (QSE) continued for yet another week, with the benchmark index gaining 102.09 points, or 0.91 percent, to close at 11,363.71 points. This sustained upward momentum reflects improving investor sentiment and strong foreign institutional buying, which have fueled a positive trend in the market over the past several weeks. The rally was broad-based, with major sectors and leading stocks contributing to the weekly gains. Market capitalisation saw a notable increase of 1.2 percent, reaching QR676.3 billion compared to QR668.3 billion at the close of the previous trading week. Of the 53 companies listed on the exchange, 33 ended the week in positive territory, while 20 posted losses. Estithmar Holding emerged as the best-performing stock during the week, with a sharp rise of 10.2 percent. In contrast, Qatar General Insurance & Reinsurance recorded the largest decline, falling by 4.9 percent. The main contributors to the index's weekly rise were Estithmar Holding, Qatar Electricity & Water Companyand Qatar Navigation, which added 11.54, 12.58, and 13.56 points to the index respectively. These gains highlight the strength in key sectors and investor confidence in some of the market's blue-chip stocks. Trading activity picked up momentum during the week. The total value of shares traded increased by 12.8 percent to QR2,232.7 million, up from QR1,979.2 million in the previous week. Trading volume also saw a substantial jump of 43.4 percent, reaching 1,042.3 million shares compared to 726.7 million shares a week earlier. The number of transactions rose by 28.6 percent to 115,170 from 89,525. Baladna was the most actively traded stock in terms of both value and volume, with a total traded value of QR252.5 million and a traded volume of 179.1 million shares. In terms of investor behavior, foreign institutions remained strongly bullish, ending the week with net buying of QR256.1 million, significantly higher than the previous week's QR157.1 million. Qatari institutions, however, continued to exhibit a bearish stance, registering net selling of QR28.0 million, up from QR3.2 million in the preceding week. Among retail investors, foreign individuals posted net selling of QR13.5 million, compared to QR10.3 million in the prior week. Qatari retail investors also increased their selling, with net outflows of QR214.6 million against QR143.6 million in the previous week. On a year-to-date basis, global foreign institutions have been net buyers of Qatari equities to the tune of $183.1 million, while GCC-based institutions have a net long position of $1.2 million. Commenting on the market's recent performance, Ramzi Qasmieh, Investment Manager at Qatar Securities Company, told Qatar News Agency that the general index has recorded a gain of more than 10 percent over the past seven weeks. He attributed this momentum largely to a noticeable influx of foreign liquidity, particularly into leading banking stocks. Notably, shares of QNB reached their highest level since May 2022 during the week, underlining the strength in the financial sector. Qasmieh also highlighted the sector-wise performance, noting that five out of seven sectors closed in the green. The transportation sector led with a gain of 2.27 percent, followed by the industrial sector, which rose by 1.68 percent. However, the insurance and telecommunications sectors ended the week in the red. The broader market benefited from renewed investor interest, with liquidity flowing into both leading and speculative stocks. The industrial segment, in particular, gained from the uptick in global prices of key products such as urea and aluminum. Among the week's top performers, Investment Holding Group stood out with a gain of 10.2 percent, while Baladna followed closely with an 8.2 percent increase. On the downside, shares in the insurance sector underperformed, with Qatar General Insurance and Reinsurance falling by 4.9 percent and AlKhaleej Takaful dropping by 2.2percent. The sustained rally and broad-based participation indicate a healthy outlook for the market, supported by foreign capital inflows and improving fundamentals. Analysts remain optimistic that the Qatar Stock Exchange will continue to benefit from strong investor interest, particularly in sectors tied to global commodity trends andfinancial services.
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
Bull run continues as QSE advances on strong foreign fund inflows
Satyendra Pathak Doha The bull run on the Qatar Stock Exchange (QSE) continued for yet another week, with the benchmark index gaining 102.09 points, or 0.91 percent, to close at 11,363.71 points. This sustained upward momentum reflects improving investor sentiment and strong foreign institutional buying, which have fueled a positive trend in the market over the past several weeks. The rally was broad-based, with major sectors and leading stocks contributing to the weekly gains. Market capitalization increased by 1.2 percent, reaching QR676.3 billion, compared to QR668.3 billion at the close of the previous trading week. Of the 53 companies listed on the exchange, 33 ended the week in positive territory, while 20 posted losses. Estithmar Holding (IGRD) emerged as the best-performing stock during the week, with a sharp rise of 10.2 percent. In contrast, Qatar General Insurance & Reinsurance (QGRI) recorded the largest decline, falling by 4.9 percent. The main contributors to the index's weekly rise were Estithmar Holding, Qatar Electricity & Water Company (QEWS), and Qatar Navigation, which added 11.54, 12.58, and 13.56 points to the index, respectively. These gains highlight the strength in key sectors and investor confidence in some of the market's blue-chip stocks. page 6
