QSE gains for third day as index jumps 49 points; M-cap adds QR2.13bn

04/12/2025 08:52 AST

Strengthened oil prices and brightened hopes of the US rate cut had their reflection on the Qatar Stock Exchange, which Wednesday closed positive for the third straight session with its key index gaining more than 49 points.

The banks, real estate, consumer goods and transport counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.46% to 10,723.46 points, recovering from an intraday low of 10,655 points.The foreign institutions turned net buyers in the main market, whose year-to-date gains improved further to 1.44%.

About 55% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR2.13bn or 0.33% to QR640.15bn, mainly on microcap segments.The domestic institutions' weakened net selling had its influence on the main market, which saw as many as 0.12mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.28mn trade across 31 deals.

The local retail investors continued to be bullish but with lesser intensity in the main bourse, whose trade turnover fell amidst higher volumes.The Islamic index was seen outperforming the other indices of the main market, which saw no trading of treasury bills.

The Arab individuals were increasingly net profit takers in the main bourse, which saw no trading of sovereign bonds.The Total Return Index rose 0.46%, the All Share Index by 0.44% and the All Islamic Index by 0.53% in the main market.

The banks and financial services sector index gained 0.6%, realty (0.6%), consumer goods and services (0.59%), transport (0.56%), telecom (0.15%) and industrials (0.03%); while insurance was down 0.11%.As many as 29 stocks gained, while 19 declined and five were unchanged.

Major movers in the main market include Ahlibank Qatar, Baladna, Al Mahhar Holding, Qatar Islamic Bank, Qamco, Qatar Electricity and Water, Barwa, United Development Company, Milaha and Nakilat.Nevertheless, Qatar Cinema and Film Distribution, Estithmar Holding, Qatar National Cement, QLM and Medicare Group were among the shakers in the main bourse.

The foreign institutions turned net buyers to the tune of QR0.23mn compared with net sellers of QR1.36mn on Tuesday.The domestic funds' net profit booking decreased significantly to QR2.61mn against QR49.5mn the previous day.However, the Arab individual investors' net selling expanded noticeably to QR3.17mn compared to QR2.21mn on December 2.

The Gulf retail investors were net sellers to the extent of QR0.62mn against net buyers of QR0.41mn on Tuesday.The foreign individuals' net profit booking increased perceptibly to QR0.41mn compared to QR0.07mn the previous day.

The Gulf institutions turned net sellers to the tune of QR0.4mn against net buyers of QR7.71mn on December 2.The local retail investors' net buying decreased substantially to QR6.98mn compared to QR44.87mn on Tuesday.The Arab institutions had no major net exposure against net buyers to the extent of QR0.15mn the previous day.

The main market saw a 30% contraction in trade volumes to 95.74mn shares, 36% in value to QR271.39mn and 51% in deals to 14,811.In the venture market, a total of 0.04mn equities valued at QR0.09mn changed hands across 11 transactions.

Trade Arabia