Latest news with #AlRayanBank
Zawya
14 hours ago
- Business
- Zawya
Foreign funds drag Qatar Stock Exchange down 44 points; M-cap melts over $309bln
Notwithstanding the EU-US tariff deal and the domestic earnings expectations, the 2-stock Qatar Index declined 0.39% to 11,205.47 points, recovering from an intraday low of 11.266 points The foreign institutions' net profit booking pressure Monday drove the Qatar Stock Exchange (QSE) down about 44 points and its capitalisation melted in excess of QR1bn. The telecom sector witnessed higher than average selling pressure in the main market, whose year-to-date gains truncated to 6%. About 60% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR1.27bn or 0.19% to QR662.45bn mainly on microcap segments. The Arab individuals turned net sellers in the main market, which saw as many as 4,804 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.02mn trade across 12 deals. The foreign retail investors were also seen bearish in the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. The Gulf individuals were increasingly net profit takers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index shed 0.39%, the All Islamic Index by 0.53% and the All Share Index by 0.28% in the main market. The telecom sector index declined 0.51%, real estate (0.35%), banks and financial services (0.33%), consumer goods and services (0.28%), transport (0.28%) and industrials (0.17%): while insurance gained 0.57%. Major losers in the main market included Qatar Islamic Bank, Meeza, QLM, Vodafone Qatar, Mesaieed Petrochemical Holding, Mannai Corporation, United Development Company and Mazaya Qatar. Nevertheless, Qatar German Medical Devices, Qamco, Qatar Insurance, Doha Bank and Qatari Investors Group were among the movers in the main bourse. The foreign institutions turned net sellers to the tune of QR21.22mn compared with net buyers of QR22.78mn the previous day. The Arab individual investors were net sellers to the extent of QR2.53mn against net buyers of QR0.23mn on Sunday. The foreign retail investors turned net sellers to the tune of QR1.64mn compared with net buyers of QR1.79mn on July 27. The Gulf individuals' net profit booking expanded marginally to QR0.3mn against QR0.03mn the previous day. The domestic institutions' net buying eased perceptibly to QR13.04mn compared to QR14.09mn on Sunday. However, the Qatari retail investors were net buyers to the extent of QR8.09mn against net sellers of QR39.99mn on July 27. The Gulf institutions' net buying strengthened markedly to QR4.63mn compared to QR1.57mn the previous day. The Arab institutions' net profit booking weakened perceptibly to QR0.08mn against QR0.41mn on Sunday. The main market reported 28% surge in trade volumes to 153.22mn shares, 38% in value to QR382.74mn and 57% in deals to 19,720. In the venture market, a total of 0.03mn equities valued at QR0.08mn changed hands across 10 transactions. © Gulf Times Newspaper 2025 Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
Earnings expectations lift sentiments as Qatar's QSE gains 28 points
Qatar - Solid earnings expectations continued to lift the sentiments in the Qatar Stock Exchange (QSE), which Sunday opened the week on a stronger note as its key index rose 29 points; even as capitalisation was on a slippery path. The foreign funds were seen increasingly net buyers as the 20-stock Qatar Index rose 0.25% to 11,249.23 points, recovering from an intraday low of 11,208 points. The telecom, insurance and industrials counters witnessed higher than average demand in the main market, whose year-to-date gains improved further to 6.42%. About 54% of the traded constituents extended gains to investors in the main bourse, whose capitalisation however, eased QR0.08bn or 0.01% to QR663.72bn mainly on microcap segments. The domestic institutions turned bullish in the main market, which saw as many as 690 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR2,381 trade across three deals. The foreign retail investors were seen net buyers in the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen gaining faster than the main barometer of the main market, which saw no trading of treasury bills. The Arab institutions' weakened net selling had its influence on the main bourse, which saw no trading of sovereign bonds. The Total Return Index gained 0.52%, the All Islamic Index by 0.48% and the All Share Index by 0.29% in the main market. The telecom sector index shot up 1.22%, insurance (0.6%), industrials (0.52%), banks and financial services (0.18%), consumer goods and services (0.11%) and transport (0.07%); while real estate declined 0.l1%. Major gainers in the main market included Doha Insurance, QIIB, Mannai Corporation, Al Faleh Educational Holding, Qatar German Medical Devices, Commercial Bank, Industries Qatar, Gulf International Services, Qamco, QLM and Vodafone Qatar. Nevertheless, QNB, Meeza, Ezdan, Salam International Investment, Widam Food and Mesaieed Petrochemical Holding were among the losers in the main bourse. In the venture market, Techno Q saw its shares depreciate in value. The foreign institutions' net buying increased perceptibly to QR22.78mn compared to QR19.22mn the previous trading day. The domestic institutions turned net buyers to the tune of QR14.09mn compared with net profit takers of QR12.81mn last Thursday. The foreign individuals were net buyers to the tune of QR1.79mn against net sellers of QR4.55mn on July 24. The Arab institutions' net profit booking weakened noticeably to QR0.41mn compared to QR1.13mn the previous trading day. However, the Qatari retail investors' net selling strengthened substantially to QR39.99mn against QR14.81mn last Thursday. The Gulf individuals turned net sellers to the tune of QR0.03mn compared with net buyers of QR1.23mn on July 24. The Gulf institutions' net buying decreased markedly to QR1.57mn against QR10.32mn the previous trading day. The Arab individuals investors' net buying eased notably to QR0.23mn compared to QR2.52mn last Thursday. The main market saw 41% plunge in trade volumes to 119.93mn shares, 42% in value to QR277.69mn and 39% in deals to 12,538. In the venture market, a total of 5,745 equities valued at QR0.02mn changed hands across four transactions. © Gulf Times Newspaper 2025 Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Banks' solid earnings drive Qatar's QSE to cross 11,200; M-cap adds $879mln
Qatar - The consumer goods, banking, telecom and industrials witnessed higher than average demand as the 20-stock Qatar Index rose 0.3% to 11,220.76 points, recovering from an intraday low of 11,143 points. Solid earnings, especially in the banking sector, led the Qatar Stock Exchange to gain more than 33 points, and its key index crossed the 11,200 levels and capitalisation added more than QR3bn. The consumer goods, banking, telecom and industrials witnessed higher than average demand as the 20-stock Qatar Index rose 0.3% to 11,220.76 points, recovering from an intraday low of 11,143 points. The Gulf institutions were seen increasingly bullish in the main market, whose year-to-date gains improved further to 6.15%. The Arab retail investors turned net buyers in the main bourse, whose capitalisation added QR3.2bn or 0.48% to QR663.8bn mainly on small and microcap segments. The Gulf individuals were increasingly net buyers in the main market, which saw as many as 2,141 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.02mn trade across two deals. The domestic funds' weakened net selling had its influence on 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 local retail investors' lower net profit booking had its effect on the main bourse, which saw no trading of sovereign bonds. The Total Return Index gained 0.41%, the All Islamic Index by 0.17% and the All Share Index by 0.51% in the main market. The consumer goods and services sector index rose 0.84%, banks and financial services (0.7%), telecom (0.44%) and industrials (0.43%); while real estate declined 0.43%, transport (0.2%) and insurance (0.04%). Major gainers in the main market included Salam International Investment, Mannai Corporation, QNB, Beema, Qatar Islamic Bank, Gulf International Services and Qamco. In the junior bourse, Techno Q saw its shares appreciate in value. Nevertheless, Commercial Bank, Ezdan, Qatar General Insurance and Reinsurance, Woqod and Doha Bank were among the shakers in the main market. The Gulf institutions' net buying strengthened noticeably to QR10.32mn compared to QR4.56mn on July 23. The Arab individuals were net buyers to the tune of QR2.52mn against net sellers of QR3.75mn the previous day. The Gulf individual investors' net buying expanded perceptibly to QR1.23mn compared to QR0.62mn on Wednesday. The Qatari retail investors' net selling declined substantially to QR14.81mn compared to QR41.16mn the previous day. The domestic institutions' net profit booking weakened markedly to QR12.81mn against QR18.4mn on July 23. However, the foreign individuals turned net sellers to the extent of QR4.55mn compared with net buyers of QR0.88mn on Wednesday. The Arab institutions' net profit booking strengthened noticeably to QR1.13mn against QR0.21mn the previous day. The foreign institutions' net buying weakened substantially to QR19.22mn against QR57.5mn on July 23. The main market saw a 2% fall in trade volumes to 203.97mn shares, 8% in value to QR481.64mn and 3% in deals to 20,486. In the venture market, a total of 4,783 equities valued at QR0.01mn changed hands across two transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
US-Japan trade deal lifts Qatar's QSE sentiments as index nears 11,200 mark; M-cap adds $887mln
The US-Japan trade deal had its positive spillover on the Qatar Stock Exchange (QSE), which yesterday inched towards 11,200 points, mainly on the back of strong buying interests from foreign institutions. The telecom, industrials and banking counters witnessed higher than average demand as the 20-stock Qatar Index gained 0.42% to 11,187.5 points, recovering from an intraday low of 11,085 points. The Gulf institutions were seen increasingly bullish in the main market, whose year-to-date gains improved further to 5.83%. More than 67% of the traded constituents extend gains to investors in the main bourse, whose capitalisation added QR3.23bn or 0.49% to QR660.67bn mainly on small and microcap segments. The foreign retail investors turned net buyers, albeit at lower levels, in the main market, which saw as many as 0.01mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.11mn trade across 13 deals. The domestic funds' weakened net selling had its influence on the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen gaining slower than the main barometer of the main market, which saw no trading of treasury bills. The Gulf retail investors continued to be net buyers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds. The Total Return Index gained 0.42%, the All Islamic Index by 0.41% and the All Share Index by 0.39% in the main market. The telecom sector index rose 0.8%, industrials (0.49%), banks and financial services (0.45%), real estate (0.36%), consumer goods and services (0.2%) and insurance (0.15%); while transport declined 0.28%. Major gainers in the main market included Commercial Bank, Ezdan, QIIB, Mazaya Qatar, Baladna, Dukhan Bank, Mekdam Holding, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Ooredoo and Vodafone Qatar. Nevertheless, Mannai Corporation, Gulf Warehousing, Qatar Islamic Bank, Medicare Group and Nakilat were among the shakers in the main bourse. In the venture market, Techno Q saw its shares depreciate in value. The foreign institutions' net buying increased significantly to QR57.5mn compared to QR8.66mn the previous day. The Gulf institutions' net buying strengthened noticeably to QR4.56mn against QR0.66mn on July 22. The foreign retail investors turned net buyers to the tune of QR0.88mn compared with net sellers of QR0.35mn on Tuesday. The domestic funds' net selling weakened marginally to QR18.4mn against QR19.93mn the previous day. However, the Qatari individuals' net profit booking rose substantially to QR41.16mn compared to QR2.98mn on July 22. The Arab individuals were net sellers to the extent of QR3.75mn against net buyers of QR11.36mn on Tuesday. The Arab institutions' net profit booking strengthened marginally to QR0.21mn compared to QR0.03mn the previous day. The Gulf individual investors' net buying shrank markedly to QR0.62mn against QR2.62mn on July 22. The main market saw a 17% jump in trade volumes to 207.22mn shares, 16% in value to QR521.81mn and 11% in deals to 21,058. In the venture market, a total of 0.02mn equities valued at QR0.06mn changed hands across five transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Qatar: AlRayan Bank reports H1 net profit of $225.54mln
Qatar - AlRayan Bank has reported net profit of QR821mn in the first six months of this year. Net financing assets closed at QR112.1bn and deposits at QR110.7bn representing a year-on-year increase of 3.4% and 1.6% respectively in the review period. "The group achieved its highest-ever total asset base, reaching QR176bn as of June 30, 2025, an increase of 8.8% compared to June 30, 2024. During the first half of the year, financing assets grew by 3.4% year-on-year, driven by continued demand from both corporate and retail clients. Investment securities also increased by 26% year-on-year, reflecting our continued focus on value-generating assets," said Sheikh Mohammed bin Hamad bin Qassim al-Thani, AlRayan Bank Chairman. Omar Abdulrazaq al-Emadi, acting Group Chief Executive Officer, said the strong result reflects its solid fundamentals and continued focus on sustainable growth. "We maintained a healthy efficiency ratio of 28.3%, despite the ongoing expansion of our digitalisation and transformation strategy. This reflects our commitment to cost discipline while continuing to drive innovation across the bank," he said. "Our strategy continues to remain centred on building a future-ready, customer-focused, and Shariah-compliant financial institution that delivers lasting value to all stakeholders,' he added. Indicating the improvement in asset quality, the bank's non-performing financing ratio stood at 5.38% at the end of H1-2025 compared to 5.85% the year-ago period. In May, AlRayan Bank successfully issued a $500mn five-year senior unsecured RegS sukuk, which was oversubscribed more than three times, reflecting strong investor confidence and its financial strength and creditworthiness, backed by strong asset quality, liquidity, and capitalisation. AlRayan Bank's capital adequacy ratio stood at 25.9% in January-June 2025 against 23.7% the corresponding period of 2024. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
