Soaring global oil prices boost sentiment; M-cap wins QR 16 billion

The strengthening of global oil prices, which reached their highest level in seven years due to geopolitical tensions, was reflected in the Qatar Stock Exchange, whose key barometer had once crossed 12,600 levels this week.
Gulf institutions were increasingly viewed as net buys, with Qatar’s 20-stock index adding around 194 points or 1.57% this week, helping Qatar Islamic Bank report a profit net of 3.56 billion QR in 2021.
The transport, real estate, industrial and banking counters saw above average demand this week, which led to the Commercial Bank posting a net profit of QR 2.3 billion in 2021.
About 66% of traded constituents extended their gains in the main market this week, which saw Woqod record a net profit of QR 974 million in 2021.
Arab individuals have been seen on the rise this week, which saw a Qatar economic outlook report expect Qatar to maintain its position as the top and biggest exporter of liquefied natural gas by 2026. .
Significantly weakened net selling pressure from domestic institutions also had its influence on the stock market this week, which saw Mannai Corporation enter into exclusive negotiations with a group of investors, led by Bains Capital Private Equity, to offload all of its stake in the French IT services company Inétum.
Islamic stocks rose more slowly than other indexes this week, which saw Qatar’s industrial production index rise 1.8% year-on-year in November.
Foreign and Gulf individuals continued to be net buyers, albeit less vigorously this week, which saw a total of 291,021 Bank of Doha-sponsored exchange-traded funds, QETFs, worth $3 .52 million QR, change hands over 50 transactions.
Six of the seven sectors were in the spotlight this week, which saw as many as 54,189 QATRs sponsored by Masraf Al Rayan worth 147,729 million QRs traded across 24 transactions.
Market capitalization increased by more than QR 16 billion or 2.3% to reach QR 716.4 billion this week, mainly in the large and mid cap segments, which saw industrials, banking and real estate together constitute more than three quarters of the total volume of trade.
The index for the transport sectors soared by 2.87%, real estate (2.68%), industrials (1.95%), banks and financial services (1.75%), consumer goods and services (1.2%) and telecoms (0.87%); while insurance fell 0.43% this week which saw no sovereign bond trading.
Some of the main market winners include Mannai Corporation, Ezdan, Qatar Islamic Insurance, QNB, Nakilat, Ahlibank Qatar, Masraf Al Rayan, Dlala, Salam International Investment, Woqod, Qatar Industrial Manufacturing, Qatar Industries, Qamco, Qatar Electricity and Water, Barwa. and Gulf warehousing.
In the venture capital market, Al Faleh Educational Holding and Mekdam Holding saw the value of their scrips appreciate this week, which saw no trading in Treasuries.
Nonetheless, major losers in the core market included Qatar General Insurance and Reinsurance, Al Khaleej Takaful, Mesaieed Petrochemical Holding, QLM and Commercial Bank this week, which saw a Qatar Financial Center economist say Doha should capitalize on factoring to “unlocking the full potential” of trade finance.
Net purchases by Gulf institutions increased sharply to QR 93.42 million from QR 38.63 million in the week ended January 13.
Arab individuals became net buyers of QR 14.47 million compared to net sellers of QR 1.46 million the previous week.
National fund net sales dropped drastically to QR 64.29 million from QR 473.65 million a week ago.
However, net sales by Qatari individuals notably jumped to QR 402.47 million from QR 331.37 million in the week ended January 13.
Net purchases by foreign funds decreased significantly to QR 353.09 million from QR 759.7 million the previous week.
Net purchases by overseas individuals declined significantly to QR 4.24 million from QR 6.46 million a week ago.
Net purchases by Gulf individuals decreased slightly to QR 1.53 million from QR 1.67 million in the week ended January 13.
Arab institutions had no upcoming major exposure.
Total trading turnover and volume increased this week in the main market, which saw a downward trend in value and volumes in the venture capital market.
The banking and financial services sector accounted for 27% of total trade volume, followed by industries (25%), real estate (24%), consumer goods and services (14%), transport and telecommunications (4% each) and insurance (2%) this week.
In value terms, the share of the banking and financial services sector was 48% of the total, industry (22%), real estate (10%), consumer goods and services (8%), transport (6 %), telecoms (5%) and insurance (2%) this week.
Total trading volume in the market increased by 8% to 951.75 million shares, value by 15% to 3.32 million QR and trades by 18% to 66,807.
The real estate sector’s trading volume jumped 78% to 227.88 million shares, the value by 75% to QR 334.52 million and transactions by 22% to 6,731.
Telecom sector trading volume jumped 48% to 35.28 million shares and value more than doubled to QR 149.28 million on a 58% increase in trades to 3,494.
There was an 18% increase in insurance sector trading volume to 22.93 million shares, but a 14% drop in value to QR 62.61 million amid rising trades by 79% to 1,686.
Banking and financial sector trading volume jumped 17% to 253.51 million shares, value jumped 12% to QR 1.58 billion and trades jumped 21% to 30,384.
The market saw a 12% expansion in transportation trade volume to 39.96 million shares, 11% in value to 197.69 million QR and 37% in trades to 3,019.
However, the industrial sector’s trading volume fell by 19% to 236.71 million shares and its value by 1% to QR 729.03 million; while transactions rose 2% to 15,124.
The consumer goods and services sector saw a 16% contraction in trading volume to 135.48 million shares, but a 15% increase in value to 259.05 million QR and 15% increase in trades at 6,369.
In the venture capital market, trading volume fell by 27.24% to 0.96 million shares, value by 31.46% to QR 5.99 million, and transactions by 13.27% at 562.

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