09 March 2013
Foreign institutions' strong buying interests were of not much help as the Qatar Exchange closed the week in red.
Local retail investors and domestic institutions were instrumental in dragging the 20-stock Qatar Index by 0.26% in the week that saw Abu Dhabi and Dubai bourses report 2.44% and 2.34% fall respectively; even as Kuwait gained 1.72%, Bahrain (0.90%), Muscat (0.30%) and Saudi Arabia (0.02%).
While the Total Return Index was down 0.09%, Al Rayan Islamic Index rose 0.30% in the week that saw Gulf Warehousing Company (GWC) announce that it is contemplating setting up a new Greenfield logistics village in another location in Qatar while considering Phase 4 expansion of its first project in view of the increasing demand.
The QE Index was, however, up 1.76% year-to-date (YTD) compared to Dubai's stupendous gain of 16%, Abu Dhabi (12.91%), Kuwait (10.79%), Muscat (4.04%), Bahrain (3.21%) and Saudi Arabia (2.92%).
Major shakers included Commercialbank, Industries Qatar, al khaliji, Qatar Telecom, GWC, Nakilat and Al Meera; even as QNB, Qatari Investors Group, Gulf International Services (GIS) and Barwa bucked the trend in the week that witnessed al khaliji's strategy to fund top 50 infrastructure and contracting conglomerates across the Gulf region and to expand the coverage to North Africa as part of its 2013-15 strategy to make it a strong and visible industry player.
GIS, Barwa and QNB were among the most active by volume and value in the week that saw Alijarah Holding gearing up to fully acquire Al Nasr Modern Driving School and Petro Qatar for Industrial Projects.
The QE All Share Index (comprising wider constituents) gained 0.26% with the insurance index gaining the maximum of 2.28%, banks and financial services (0.89%), realty (0.88%), industrials (0.32%) and consumer goods (0.2%); while that of telecom and transport shrank 3.16% and 1.31% respectively in the week that featured a Standard and Poor's report which said banks in Qatar, along with those in the UAE, will provide the impetus for debt issue, especially sukuk this year in view of high credit growth and low interest rates.
Consumer good, industrials, telecom, transport and banking sectors were seen to outperform the key barometers with their indices gaining YTD 7.65%, 6.91%, 6.04%, 5.19% and 4.45% respectively; while that of real estate and insurance could gain only 0.62% and 0.22% respectively.
Of the 42 stocks; 20 each advanced and declined, while two were unchanged in the week that saw Qatar Meat and Livestock Company (Mawashi) change its name to Widam as part of re-branding to better position it to serve the country's long-term food security objectives.
Seven of the 12 banks and financial institutions, four of the eight industrials, three each of the eight consumer goods and the three transport, two of the five insurers and one of the two telecom stocks closed lower in the week that saw Qatari bourse announce that the listed companies in which minimum individual shareholder ownership limit is less than 1% will be excluded from the index selection from April 1.
However, market capitalisation was up 0.05% or QR24mn to QR466.38bn with micro and large cap equities gaining 0.42% and 0.28%; even as small and mid caps fell 0.99% and 0.25% respectively.
Mid and large cap equities have gained YTD 2.87% and 1.04%; while small and micro caps lost 2.75% and 2% respectively.
The bourse's price-earning ratio, a measure of expensiveness, was 12 .44 times in the first week of March against 12.11 times in the comparable period of 2012.
The price-to-book value was 1.66 times at the end of March 7 against 1.67 times in the year-ago period.
The dividend yield, which takes into account cash dividends, stood at 4.45% in the first week of March compared to 3.7% in the year-ago period.
Domestic institutions turned net sellers to the tune of 1.76% or QR16.55mn. A lower 25.64% of them were into buying against 29.08% the previous week whereas a higher 27.4% into selling compared to 17.5%.
On the other hand, foreign institutions were net buyers to the extent of 13.68% or QR128.65mn. A higher 31.77% of them bought equities against 23.31% the week ended February 28 while a lower 18.09% of them offloaded compared to 28.69%.
Qatari retail investors' net selling rose to 11.29% or QR106.18mn. A lower 31.12% of them were into buying against 34.5% the previous week whereas a marginally higher 42.41% into selling compared to 41.08%.
Non-Qatari individual investors turned net profit takers to the tune of 0.63% or QR5.92mn. A lower 11.48% of them purchased stocks against 13.11% and a marginally lower 12.11% sold compared to 12.73%.
Total trading volume shrank 35% to 20.06mn shares, value by 32% to QR940.45mn and transactions by 32% to 11,888 in the week.
In terms of volume, banks and financial services stocks accounted for 38.78% of the total, real estate (21.49%), industrials (20.89%), transport (7.23%), telecom (5.13%), consumer goods (4.14%) and insurance (2.34%).
The transport sector's trading volume plummeted 60% to 1.45mn shares, consumer goods by 51% to 0.83mn, banks and financial services by 39% to 7.78mn, telecom by 38% to 1.03mn, industrials by 37% to 4.19mn and insurance by 22% to 0.47mn; while that of realty gained 11% to 4.31mn.
In terms of value, the banks and financial sector's shares constituted 42.28% of the total, industrials (26.57%), consumer goods (10.59%), real estate (9.67%), telecom (5.03%), transport (3.45%_ and insurance (2.4%).
The transport sector's stocks trading value plunged 55% to QR32.43mn, consumer goods by 47% to QR99.59mn, industrials by 43% to QR249.88mn, banks and financial services by 25% to QR397.65mn, telecom by 19% to QR47.34mn and insurance by 15% to QR22.58mn; whereas that of realty surged 32% to QR90.98mn.
QNB stocks accounted for 16.56% of the total stocks trading value, IQ (11.41%) and GIS (9.53%).
In terms of transactions, the banks and financial services sector's share in total was 35.99%, industrials (23.6%), real estate (14.64%), consumer goods (11.1%), transport (5.94%), telecom (5.2%) and insurance (3.55%).
The transport sector's stocks transactions tanked 51% to 706; consumer goods by 44% to 1,319; industrials by 38% to 2,805; telecom by 38% to 618 and banks and financial services by 31% to 4,278; whereas those of realty gained 14% to 1,740 and insurance by 7% to 422.
In the debt market, a total of 10,000 treasury bills (TA52) valued at 99.23mn traded across one transaction during the week.
Foreign institutions' strong buying interests were of not much help as the Qatar Exchange closed the week in red.
Local retail investors and domestic institutions were instrumental in dragging the 20-stock Qatar Index by 0.26% in the week that saw Abu Dhabi and Dubai bourses report 2.44% and 2.34% fall respectively; even as Kuwait gained 1.72%, Bahrain (0.90%), Muscat (0.30%) and Saudi Arabia (0.02%).
While the Total Return Index was down 0.09%, Al Rayan Islamic Index rose 0.30% in the week that saw Gulf Warehousing Company (GWC) announce that it is contemplating setting up a new Greenfield logistics village in another location in Qatar while considering Phase 4 expansion of its first project in view of the increasing demand.
The QE Index was, however, up 1.76% year-to-date (YTD) compared to Dubai's stupendous gain of 16%, Abu Dhabi (12.91%), Kuwait (10.79%), Muscat (4.04%), Bahrain (3.21%) and Saudi Arabia (2.92%).
Major shakers included Commercialbank, Industries Qatar, al khaliji, Qatar Telecom, GWC, Nakilat and Al Meera; even as QNB, Qatari Investors Group, Gulf International Services (GIS) and Barwa bucked the trend in the week that witnessed al khaliji's strategy to fund top 50 infrastructure and contracting conglomerates across the Gulf region and to expand the coverage to North Africa as part of its 2013-15 strategy to make it a strong and visible industry player.
GIS, Barwa and QNB were among the most active by volume and value in the week that saw Alijarah Holding gearing up to fully acquire Al Nasr Modern Driving School and Petro Qatar for Industrial Projects.
The QE All Share Index (comprising wider constituents) gained 0.26% with the insurance index gaining the maximum of 2.28%, banks and financial services (0.89%), realty (0.88%), industrials (0.32%) and consumer goods (0.2%); while that of telecom and transport shrank 3.16% and 1.31% respectively in the week that featured a Standard and Poor's report which said banks in Qatar, along with those in the UAE, will provide the impetus for debt issue, especially sukuk this year in view of high credit growth and low interest rates.
Consumer good, industrials, telecom, transport and banking sectors were seen to outperform the key barometers with their indices gaining YTD 7.65%, 6.91%, 6.04%, 5.19% and 4.45% respectively; while that of real estate and insurance could gain only 0.62% and 0.22% respectively.
Of the 42 stocks; 20 each advanced and declined, while two were unchanged in the week that saw Qatar Meat and Livestock Company (Mawashi) change its name to Widam as part of re-branding to better position it to serve the country's long-term food security objectives.
Seven of the 12 banks and financial institutions, four of the eight industrials, three each of the eight consumer goods and the three transport, two of the five insurers and one of the two telecom stocks closed lower in the week that saw Qatari bourse announce that the listed companies in which minimum individual shareholder ownership limit is less than 1% will be excluded from the index selection from April 1.
However, market capitalisation was up 0.05% or QR24mn to QR466.38bn with micro and large cap equities gaining 0.42% and 0.28%; even as small and mid caps fell 0.99% and 0.25% respectively.
Mid and large cap equities have gained YTD 2.87% and 1.04%; while small and micro caps lost 2.75% and 2% respectively.
The bourse's price-earning ratio, a measure of expensiveness, was 12 .44 times in the first week of March against 12.11 times in the comparable period of 2012.
The price-to-book value was 1.66 times at the end of March 7 against 1.67 times in the year-ago period.
The dividend yield, which takes into account cash dividends, stood at 4.45% in the first week of March compared to 3.7% in the year-ago period.
Domestic institutions turned net sellers to the tune of 1.76% or QR16.55mn. A lower 25.64% of them were into buying against 29.08% the previous week whereas a higher 27.4% into selling compared to 17.5%.
On the other hand, foreign institutions were net buyers to the extent of 13.68% or QR128.65mn. A higher 31.77% of them bought equities against 23.31% the week ended February 28 while a lower 18.09% of them offloaded compared to 28.69%.
Qatari retail investors' net selling rose to 11.29% or QR106.18mn. A lower 31.12% of them were into buying against 34.5% the previous week whereas a marginally higher 42.41% into selling compared to 41.08%.
Non-Qatari individual investors turned net profit takers to the tune of 0.63% or QR5.92mn. A lower 11.48% of them purchased stocks against 13.11% and a marginally lower 12.11% sold compared to 12.73%.
Total trading volume shrank 35% to 20.06mn shares, value by 32% to QR940.45mn and transactions by 32% to 11,888 in the week.
In terms of volume, banks and financial services stocks accounted for 38.78% of the total, real estate (21.49%), industrials (20.89%), transport (7.23%), telecom (5.13%), consumer goods (4.14%) and insurance (2.34%).
The transport sector's trading volume plummeted 60% to 1.45mn shares, consumer goods by 51% to 0.83mn, banks and financial services by 39% to 7.78mn, telecom by 38% to 1.03mn, industrials by 37% to 4.19mn and insurance by 22% to 0.47mn; while that of realty gained 11% to 4.31mn.
In terms of value, the banks and financial sector's shares constituted 42.28% of the total, industrials (26.57%), consumer goods (10.59%), real estate (9.67%), telecom (5.03%), transport (3.45%_ and insurance (2.4%).
The transport sector's stocks trading value plunged 55% to QR32.43mn, consumer goods by 47% to QR99.59mn, industrials by 43% to QR249.88mn, banks and financial services by 25% to QR397.65mn, telecom by 19% to QR47.34mn and insurance by 15% to QR22.58mn; whereas that of realty surged 32% to QR90.98mn.
QNB stocks accounted for 16.56% of the total stocks trading value, IQ (11.41%) and GIS (9.53%).
In terms of transactions, the banks and financial services sector's share in total was 35.99%, industrials (23.6%), real estate (14.64%), consumer goods (11.1%), transport (5.94%), telecom (5.2%) and insurance (3.55%).
The transport sector's stocks transactions tanked 51% to 706; consumer goods by 44% to 1,319; industrials by 38% to 2,805; telecom by 38% to 618 and banks and financial services by 31% to 4,278; whereas those of realty gained 14% to 1,740 and insurance by 7% to 422.
In the debt market, a total of 10,000 treasury bills (TA52) valued at 99.23mn traded across one transaction during the week.
© Gulf Times 2013
