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QSE bull run continues on strong earnings, rising foreign inflows
QSE bull run continues on strong earnings, rising foreign inflows

Qatar Tribune

time6 days ago

  • Business
  • Qatar Tribune

QSE bull run continues on strong earnings, rising foreign inflows

Satyendra Pathak Doha The bullish momentum in the Qatar Stock Exchange (QSE) remained intact this week, with the benchmark QSE Index advancing by 88.01 points, or 0.81 percent, to close at 10,915.20 points. This upward movement was largely fueled by solid corporate earnings announcements and increasing inflows from foreign institutional investors, both of which contributed to a broader sense of optimism across the market. Market capitalisation followed suit, registering a week-on-week increase of 1.2 percent. The total value of listed companies on the exchange rose from QR640.1 billion at the end of the previous week to QR647.6 billion. Out of the 53 listed companies, 39 ended the week in the green, while 12 declined and two remained unchanged, reflecting overall positive sentiment among investors. One of the standout performers during the week was Mannai Corporation, which recorded a substantial gain of 15 percent, emerging as the best-performing stock. On the other end of the spectrum, Doha Bank posted the steepest decline of the week, with its share price falling by 4.2 percent. Several heavyweight stocks played a critical role in supporting the index's gains. Qatar Islamic Bank contributed the most to the index's advance, adding 40.9 points to the benchmark. QNB Group followed with a 28.7-point contribution, while Nakilat, the country's leading LNG shipping company, added a further 6.6 points. These blue-chip firms saw strong investor interest driven by robust earnings results and confidence in their long-term fundamentals. Trading activity surged compared to the previous week. The total value of shares traded on the exchange increased by 23.3 percent to reach QR2,242.6 million, up from QR1,819.3 million in the prior week. Trading volume also witnessed a significant rise of 20.3 percent, with a total of 769.6 million shares changing hands compared to 639.4 million shares in the previous week. Additionally, the number of executed transactions climbed by 23.1 percent, reaching 115,627 trades, up from 93,943. Mannai Corporation was not only the best performer in terms of price appreciation but also led in trading value, with QR138.3 million worth of its shares traded during the week. In terms of trading volume, Ezdan Holding Group came out on top, with 135.7 million shares traded. Investor behavior during the week showed a notable shift in capital flows. Foreign institutional investors maintained their status as strong net buyers, recording net purchases worth QR136.1 million, an increase from QR99.2 million in the previous week. Qatari institutional investors, while still net sellers, reduced their net selling position to QR21.8 million from QR32.8 million the week before. In contrast, foreign retail investors reversed their previous week's buying trend, turning into net sellers of QR19.9 million, compared to net buying of QR11.2 million in the earlier week. Qatari retail investors continued to offload shares, recording net sales of QR141.9 million, up significantly from QR77.6 million. On a year-to-date basis, global foreign institutions have been net buyers of $56.0 million in Qatari equities, underscoring their growing confidence in the local market. In contrast, institutional investors from the GCC region have remained net sellers, with total outflows amounting to $29.7 million. Commenting on the weekly performance, financial market analyst Youssef Bouhlaiqa told Qatar News Agency (QNA) that the QSE is exhibiting a notable upward trajectory, backed by technical indicators that point to market strength and stability. He predicted that, if the current positive sentiment continues, the QSE Index is well positioned to breach the psychological resistance level of 11,000 points in the coming week. Bouhlaiqa attributed the market's performance to better-than-expected quarterly earnings from listed companies, which have reassured investors about the fundamental strength of the Qatari economy. He said that the results released so far have generally met or exceeded expectations, reinforcing the bullish outlook for key sectors. He also highlighted the role of foreign portfolios, which have become increasingly active in recent weeks. According to him, these investors are closely watching the Qatari market for opportunities, particularly in the context of global macroeconomic uncertainty and the relative stability offered by Qatar's economic and financial fundamentals. Bouhlaiqa emphasized that investor focus is gradually shifting towards stocks in the industrial, insurance, and telecommunications sectors. These sectors, he said, are showing signs of renewed strength and could drive the market higher in the short to medium term. He also advised investors to closely monitor supply and demand dynamics in individual stocks, as this can provide valuable clues about future price movements and institutional activity.

Quantum Era Risks Put Future-Proof Cybersecurity on Every Investor's Radar
Quantum Era Risks Put Future-Proof Cybersecurity on Every Investor's Radar

Cision Canada

time11-07-2025

  • Business
  • Cision Canada

Quantum Era Risks Put Future-Proof Cybersecurity on Every Investor's Radar

Issued on behalf of Scope Technologies Corp. VANCOUVER, BC, July 11, 2025 /CNW/ -- Equity Insider News Commentary – Computing power is accelerating faster than it ever has since the computer was invented. However, with that, so too has the risk potential towards our digital data. According to the 2025 Data Threat Report, 74% of the companies surveyed in Germany view rapid AI advances as the top security risk associated with GenAI. In the UK, the new 10-year economic plan is set to be shaped by AI, cybersecurity, and quantum computing. In Singapore, ST Engineering recently held its largest Cybersecurity Summit to date, with over 1,000 leaders from government, industry and academia, with aims to address growing cyber threats coming from quantum and AI. Clearly the issue of increased threats to cybersecurity coming from AI and quantum computing is a global issue, and advancing the potential counter protection to this are several future-proof advocates with developments coming from Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Allot Ltd. (NASDAQ: ALLT), Advanced Micro Devices, Inc. (NASDAQ: AMD), Datadog, Inc. (NASDAQ: DDOG), and STMicroelectronics N.V. (NYSE: STM). Grand View Research predicts sales of post-quantum cryptography will rise 37.6% per year through 2030. Research and Markets is even more upbeat, calling for 41.47% annual growth and a market worth about US$17.7 billion by the end of the decade. That surge is already opening fresh entry points for retail investors looking to get in early. Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) is a quantum-focused cybersecurity company best known for Quantum Security Entropy (QSE), its cloud platform that locks files and messages inside quantum-resilient encryption and a zero-trust framework. QSE uses randomness drawn from quantum processes to stop both today's hackers and tomorrow's "harvest now, decrypt later" attacks. Earlier this week, Scope strengthened its team for the second time in a month, tapping Microsoft and Electronic Arts alumnus Andrew Knight to serve as Vice-President of Product—a hire that caps six weeks of rapid leadership change and signals fresh momentum for the company's quantum-ready security platform. Knight's task is clear: accelerate the road map for Quantum Security Entropy (QSE), the cloud platform that stores files and messages inside quantum-resilient encryption. QSE pairs zero-trust architecture with true entropy—randomness drawn from quantum processes—to stop both today's hackers and tomorrow's "harvest now, decrypt later" attacks. "I'm incredibly excited to join Scope Technologies at such a transformative time," said Knight. "The rise of quantum threats demands proactive solutions, and QSE is uniquely positioned to deliver. I look forward to helping shape its next evolution—bringing together my experience in scalable production pipelines, external ecosystems, and secure product innovation." Knight brings almost twenty years of experience guiding cross-functional game and cloud projects, most recently at Microsoft's Coalition Studios. At Scope he will channel that know-how into speeding up the road map for QSE, the firm's quantum-resilient encryption platform. His brief covers everything from new feature design to partner integrations, giving QSE a product chief who speaks the language of both engineers and enterprise buyers. His arrival follows the June promotion of long-time product lead Ted Carefoot to Chief Executive Officer, a move that shifted the company's focus from R & D to go-to-market execution. Carefoot's background in governance, risk, and compliance shaped QSE's zero-trust architecture and HIPAA-aligned security posture, and industry watchers expect that focus on regulation to continue under his watch. Together, the newly-appointed duo brings decades of game-scale infrastructure, compliance, and enterprise sales experience to a platform already benchmarked at millions of encrypted messages per second. "As Scope Technologies scales its business, having the right leadership at the intersection of technology, operations, and strategic partnerships is key," said Carefoot. "Andrew brings a rare combination of deep technical execution and commercial strategy honed across several sectors such as digital interactive media. Procurement, and partner relationships. His leadership will be central as we evolve QSE's architecture and expand its adoption across enterprise security environments." At the upcoming DEF CON 33 conference in Las Vegas in August, Scope Technologies will step onto the main stage at Quantum Village to outline how quantum algorithms could power a new wave of malware that cracks passwords, hijacks live sessions, and breaks crypto-wallet keys in real time. The talk, led by Carefoot and titled "Quantum Malware: The Emerging Threat Landscape of Post-Quantum Cryptographic Exploits," puts the company in a short list of post-quantum security players chosen to brief the global hacker community—an endorsement that underscores the market's growing focus on quantum-ready defenses. Scope Technologies' upcoming QSE mobile app will carry the platform's encryption and secure messaging to iOS and Android, with features tuned for healthcare, legal, and financial users. The company is also widening its global footprint. It has teamed up with nonprofit World Cyber Health, the group behind Malware Village, to share QSE expertise with public and private security teams. New reseller deals with Asia-Pacific distributor COGITO and Swedish Microsoft partner Coegi Cloud AB open access to more than 40 000 institutional users. On the financing front, Scope Technologies secured a $2.8 million raise earlier this year, supported in part by First Majestic Silver Corp., a former pilot customer that is now a strategic investor. The second tranche, closed in April, will fund client onboarding, mobile rollouts, and further scaling of infrastructure and partner channels. By pairing fresh executive talent with a live, quantum-ready product, Scope is positioning itself as a go-to provider for businesses that need to secure data long after today's encryption standards expire. Allot Ltd. (NASDAQ: ALLT) has landed its biggest customer in five years, signing a multi-year deal worth "tens of millions" with a Tier-1 telecom operator in EMEA. The agreement bundles network intelligence, traffic control, and cybersecurity tools to protect both mobile and fixed lines. "This is a major customer win for Allot, the largest in five years, and is pivotal in our journey as we continue to expand our security and network intelligence presence across EMEA" said Eyal Harari, CEO of Allot. "We are excited with this new partnership as we leverage our unique technological advantages and core expertise to support all customer requirements as we progress with our 'security-first' strategy." The win widens Allot's regional reach and underlines growing demand for its security-first approach. Advanced Micro Devices, Inc. (NASDAQ: AMD) has teamed up with HCLTech to build " future-ready" AI, cloud, and digital solutions that help enterprises stay secure as technology shifts. "Through this expanded collaboration, AMD and HCLTech can provide businesses across multiple industries with the leading-edge technology solutions they need to accelerate innovation and drive long-term growth," said Dr. Lisa Su, Chair and CEO, AMD. "Combining HCLTech's expertise in digital transformation with our industry-leading EPYC, Instinct and Ryzen PRO processors will enable us to provide enterprises with customized, future-ready solutions that maximize the potential of AI, cloud computing and advanced analytics." The partners will co-invest in innovation labs and training programs that turn AMD EPYC and Instinct chips into tools for faster, safer data processing. The deal gives companies a tested path to modernize with long-term compatibility and reduced cyber-risk. Datadog, Inc. (NASDAQ: DDOG) has rolled out new AI-first security tools that watch every layer of the tech stack—from source code and data to live applications. The release bundles Code Security, LLM Observability, and an AI agent in Cloud SIEM that spots and fixes risks in real time. "AI has exponentially increased the ever-expanding backlog of security risks and vulnerabilities organizations deal with," said Prashant Prahlad, VP of Products, Security at Datadog. "This is because AI-native apps are not deterministic; they're more of a black box and have an increased surface area that leaves them open to vulnerabilities like prompt or code injection. The latest additions to Datadog's Security Platform provide preventative and responsive measures-powered by continuous runtime visibility-to strengthen the security posture of AI workloads, from development to production." These additions let customers secure fast-moving AI workloads before attackers can exploit fresh gaps. STMicroelectronics N.V. (NYSE: STM) has unveiled a human-presence-detection solution for laptops and PCs that pairs its FlightSense Time-of-Flight sensors with AI algorithms to cut power use by more than 20 percent per day while boosting privacy and security. "Building on the integration of ST FlightSense technology in more than 260 laptops and PC models launched in recent years, we are looking forward to see our new HPD solution contributing to make devices more energy-efficient, secure, and user-friendly," said Alexandre Balmefrezol, Executive Vice President and General Manager of the Imaging Sub-Group at STMicroelectronics. "As AI and sensor technology continue to advance, with greater integration of both hardware and software, we can expect to see even more sophisticated and intuitive ways of interacting with our devices, and ST is best positioned to continue to lead this market trend." The system enables hands-free Windows Hello log-ins, walk-away locking, and alerts if someone peers over the user's shoulder. By embedding these safeguards at the hardware level, ST is helping device makers future-proof user data against emerging threats. DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Scope Technologies Corp. advertising and digital media from the company directly, and expects to paid a fee from Maynard Communication Ltd. for writing and content distribution. There may be 3rd parties who may have shares Scope Technologies Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope Technologies Corp. which were purchased as a part of a private placement and have also purchased shares in the open market. MIQ reserves the right to buy and sell, and will/has bought and sold shares of Scope Technologies Corp. and will continue to do so on an ongoing basis without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

QNBFS starts coverage of QNCC with ‘accumulate' rating on strong financials
QNBFS starts coverage of QNCC with ‘accumulate' rating on strong financials

Qatar Tribune

time10-07-2025

  • Business
  • Qatar Tribune

QNBFS starts coverage of QNCC with ‘accumulate' rating on strong financials

Satyendra Pathak Doha QNB Financial Services (QNBFS) has initiated coverage on Qatar National Cement Company (QNCC) with an Accumulate rating and a 12-month price target of QR4.366, offering an upside potential of 24.1%. The brokerage highlights QNCC's strong financial fundamentals, consistent dividend payouts, and potential for value unlocking throughbalance sheet optimisation. Despite a prolonged decline in revenue since 2015, QNCC has maintained profitability, supported by prudent cost management and a steady stream of investment income. The company benefits from a debt-free balance sheet and holds over QR900 million in cash and financial investments, which represents nearly a third of its estimated intrinsic value. This war chest has allowed the company to sustain high dividend payouts, including over 100 percent of FY2024 earnings, translating into a forward dividend yield of 7.7 percent, significantly above the QSE average of 4.6 percent. As a dominant player with roughly 50 percent market share in Qatar's cement sector, QNCC is well-positioned to benefit from the upcoming wave of infrastructure projects led by Ashghal, Kahramaa and other government entities. The company's high operating leverage means a pickup in construction activity could translate into outsised bottom-line gains. Currently, clinker production has been temporarily halted due to high inventory levels—enough to meet five years of demand—but is expected to resume next year. In the meantime, QNCC continues to streamline operations, with a notable drop in SG&A expenses and depreciation, improving overall margins. Despite operating in a cyclical sector, QNCC stock has demonstrated low volatility, with a 5-year beta of 0.59, underscoring its appeal as a stable and income-generating asset for conservative investors. QNBFS expects QNCC's earnings to grow 7 percent in 2025, with a medium-term CAGR of around 5.9 percent, supported by domestic demand recovery. While near-term catalysts may be limited, QNBFS said, QNCC's solid balance sheet provides room for corporate actions such as buybacks or special dividends—trends already seen among other QSE-listed companies.

Scope Technologies Expands Product Leadership with Appointment of Andrew Knight as Vice President of Product
Scope Technologies Expands Product Leadership with Appointment of Andrew Knight as Vice President of Product

Cision Canada

time10-07-2025

  • Business
  • Cision Canada

Scope Technologies Expands Product Leadership with Appointment of Andrew Knight as Vice President of Product

VANCOUVER, BC, July 10, 2025 /CNW/ -- Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") is pleased to announce the appointment of Andrew Knight as Vice President of Product. Mr. Knight brings nearly two decades of experience leading cross-functional development, outsourcing, and business initiatives at top-tier technology firms including Microsoft and Electronic Arts (EA). Knight will lead the continued growth and expansion of QSE, Scope Technologies' flagship quantum-resilient security platform, helping solidify the company's product strategy at a critical time of industry transformation. Proven Product Visionary with Deep Technical and Operational Expertise Mr. Knight brings a distinguished career marked by technical leadership and innovation in partner ecosystem development. Most recently, he served as Producer at Microsoft's Coalition Studios, where he oversaw strategic coordination across internal development teams. Previously, as Director of Business Development at Decentric, Mr. Knight drove initiatives at the intersection of decentralized infrastructure and secure user experiences. At Electronic Arts, he spent over six years as Development Director 2, leading technical art and engineering functions across multiple AAA franchises. Earlier in his career at Microsoft, he honed his ability to align external partnerships with internal pipelines as Outsource Manager, directing environment art and procurement for major studio teams. Mr. Knight is also the Co-founder of FuntaVR, an early pioneer in immersive content development based in San Francisco, where he bridged creative vision with operational strategy for distributed development teams. Driving Quantum Product Innovation at Scale "As Scope Technologies scales its business, having the right leadership at the intersection of technology, operations, and strategic partnerships is key," said Ted Carefoot, CEO of Scope Technologies. "Andrew brings a rare combination of deep technical execution and commercial strategy honed across several sectors such as digital interactive media. Procurement, and partner relationships. His leadership will be central as we evolve QSE's architecture and expand its adoption across enterprise security environments." Mr. Knight will oversee the continued development of QSE's feature set, ensuring its core cryptographic and cloud-native infrastructure supports the growing demand for quantum-resilient and compliance-driven deployments across verticals. "Building at the Frontlines of Quantum Security" "I'm incredibly excited to join Scope Technologies at such a transformative time," said Andrew Knight, VP of Product. "The rise of quantum threats demands proactive solutions, and QSE is uniquely positioned to deliver. I look forward to helping shape its next evolution—bringing together my experience in scalable production pipelines, external ecosystems, and secure product innovation." Scope Technologies continues to grow its leadership bench and deepen its market presence across quantum-proof technologies. Mr. Knight's appointment reinforces the company's commitment to delivering trusted, forward-looking products that protect organizations against both current and emerging cybersecurity threats. About QSE Group QSE Group, a division of Scope Technologies Corp., specializes in quantum-resilient encryption and secure cloud storage solutions. By leveraging true randomness (entropy) and advanced encryption techniques, QSE Group protects data from both current and future threats. Learn more at About Scope Technologies Corp Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks—empowering businesses with secure, scalable technologies that drive growth and operational efficiency. LinkedIn: scope-technologies-corp Facebook: Scope Technologies Corp Twitter: @ScopeTechCorp Contact Information Ted Carefoot CEO, Scope Technologies Corp. [email protected] +1 604-202-6164 Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement. The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

US' positive tariff signals lift QSE above 10,800 points; M-cap adds $695mln
US' positive tariff signals lift QSE above 10,800 points; M-cap adds $695mln

Zawya

time08-07-2025

  • Business
  • Zawya

US' positive tariff signals lift QSE above 10,800 points; M-cap adds $695mln

Qatar - Positive signals from the US on tariff front had its ripple effect on the Qatar Stock Exchange (QSE), which on Monday crossed the 10,800 levels, on the back of strong buying interests of foreign institutions. The telecom, insurance and industrials counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.46% to 10,801.67 points, recovering from an intraday low of 10,754 points. The domestic institutions were seen net buyers in the main market, whose year-to-date gains improved to 2.18%. More than 60% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR2.53bn or 0.4% to QR638.41bn mainly on account of small cap segments. The Gulf retail investors turned bullish in the main market, which saw 0.05mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.13mn trade across 12 deals. However, the Gulf individuals were profit takers in the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen gaining faster than the other indices of the main market, which saw no trading of treasury bills. The Gulf institutions turned bearish in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 0.46%, the All Share Index by 0.33% and the All Islamic Index by 0.48% in the main market. The telecom sector index shot up 1%, insurance (0.62%), industrials (0.61%), banks and financial services (0.38%), real estate (0.21%) and consumer goods and services (0.1%); while transport declined 0.36%. Major movers in the main market include Mannai Corporation, Qatar Electricity and Water, QIIB, Ooredoo, Gulf International Services, Commercial Bank, Industries Qatar and QLM. Nevertheless, Zad Holding, Meeza, Nakilat, Medicare Group, Qatar Oman Investment and Salam International Investment 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 QR39.12mn compared to QR12.34mn the previous day. The domestic institutions turned net buyers to the tune of QR11.3mn against net sellers of QR27.333mn on July 6. The Gulf individual investors were net buyers to the extent of QR1.26mn compared with net sellers of QR0.18mn on Sunday. However, the Qatari individuals turned net sellers to the tune of QR31.19mn against net buyers of QR7.09mn the previous day. The Gulf institutions were net profit takers to the extent of QR14.73mn compared with net buyers of QR3.17mn on July 6. The Arab individual investors turned net sellers to the tune of QR3.42mn against net buyers of QR5.44mn on Sunday. The foreign retail investors' net selling expanded perceptibly to QR2.22mn compared to QR0.44mn the previous day. The Arab institutions' net profit booking strengthened marginally to QR0.12mn against QR0.02mn on July 6. The main market saw 30% jump in trade volumes to 132.27n shares and 46% in value to QR386.6mn on more than doubled deals to 21,579. In the venture market, a total of 0.07mn equities valued at QR0.2mn changed hands across 21 transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (

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