Latest news with #QatarStockExchange
Zawya
a day ago
- Business
- Zawya
Qatar's QSE index posts best weekly performance since October 2023
Doha: The Qatar Stock Exchange (QSE) index made its best weekly performance since the end of October 2023, rising by approximately 3.93 percent and offsetting recent declines caused by regional developments. The index closed the last session of the week at 10,684 points, gaining 41 points, or 0.39 percent, marking gains for the fifth consecutive day. Ramzi Qasmieh, Investment Director at Qatar Securities Company, told Qatar News Agency (QNA) that with the gains achieved by the general index, the market capitalization of the stock exchange increased on a weekly basis by approximately QR25.87bn, reaching QR631.27bn. He pointed to the influx of new liquidity into the market with the cessation of the war between Iran and Israel and the announcement by the Qatar Investment Authority of the launch of an active investment portfolio worth $200m. This contributed to raising the morale of traders, especially with the approaching announcement of the results for the first half of this year and the approval of semi-annual dividends by some companies. Qasmieh expected positive performance for the stock exchange towards the end of the month and portfolio evaluations, which will impact corporate profits. Analyzing the performance of the shares of companies listed on the Qatar Stock Exchange, Qasmieh a pointed to the gains made by Mannai Corporation, which led the way with a 19.4 percent gain, followed by Widam Company, which rose by 15.4 percent. No stock saw any declines in trading volume this week, reflecting the positive mood that characterized the performance and trading on the Qatar Stock Exchange. He also noted the increases recorded by all sectors, with the transportation sector achieving the highest gains at 7.7 percent, followed by the telecommunications sector at 7.5 percent. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Qatar National Bank suspends share buyback, to resume on July 10
Doha: Qatar National Bank (QNB) Group said that in accordance with Qatar Financial Markets Authority regulations, QNB will not conduct its share repurchase during the closed period commencing from 25 June 2025 to 9 July 2025, due to the upcoming publication of QNB Group's interim financial results for the six months period ending 30 June 2025. QNB will recommence its share repurchase from 10 July 2025, QNB said in a statement published on Qatar Stock Exchange website. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
CB issues three-year bonds worth QR500 mnsuccessfully
QNA Doha Commercial Bank, a Qatari public shareholding company, successfully issued a 3-year tenor, QR500 million senior-unsecured bonds with a coupon of 4.9 percent. In a statement published on the Qatar Stock Exchange (QSE) website on Thursday, the bank noted that the bonds were issued under its EMTN program and are listed on the Euronext Dublin. The bank said that the successful completion of this transaction underscores the robustness of the Qatari economy and Commercial Bank's strong credit fundamentals and reaffirms the bank's standing as a leading financial institution in the region with a strong presence in the domestic and international capital markets. DBS Bank and Standard Chartered Bank acted as the joint lead managers for the issuances, according to the statement. Commercial Bank Group CEO Joseph Abraham said, 'This initiative reaffirms Commercial Bank's leadership in bringing new instruments to our local and international institutional and retailinvestor bases.' 'The strong investor response reaffirms the confidence in the bank and the State of Qatar and credit ratings reflect our proactivity in risk management and robust liquidity; both of which are integral to executing our corporate strategic vision,' he added. The proceeds from the bonds will support the bank's funding diversification strategy and long-term growthobjectives.
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
QSE makes weekly gain of 4.1% as market cap surges to QR631 billion
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) Index recorded a strong performance this week, gaining 423.52 points or 4.1 percent to close at 10,684.66 points. The rally lifted market capitalisation by 4.2 percent, rising from QR605.4 billion to QR631.0 billion. All 53 listed companies closed the week in positive territory, led by Mannai Corporation that surged 19.4 percent, followed by Widam Food Company with a 15.4 percent gain. Dukhan Bank was the week's least performing stock but still managed a marginal increase of 0.4 percent. In a statement to Qatar News Agency, Qatar Securities Company Investment Director Ramzi Qasmieh said that the market's capitalisation rose by approximately QR25.87 billion on a weekly basis, reaching QR631.27 billion. He attributed the gains to fresh liquidity entering the market following two key developments — the de-escalation of conflict between Iran and Israel and the Qatar Investment Authority's announcement of a $200 million active investment portfolio. These factors, coupled with anticipation of first-half corporate results and potential semi-annual dividend announcements, helped boost investor sentiment. Qasmieh noted that the positive momentum extended across all sectors, with transportation leading the gains at 7.7 Qatar Securities Company, followed by telecommunications at 7.5 Qatar Securities Company. He added that no stock witnessed a decline in trading volume, reflecting a broadly optimistic trading environment. Key contributors to the index's rise included Nakilat, Qatar Islamic Bank (QIB), and Ooredoo that added 59.13, 45.37, and 37.35 points, respectively. Despite the bullish sentiment, total traded value declined 1.6 percent to QR3.02 billion from QR3.07 billion the previous week. QNB Group (QNB) was the top value traded stock, recording QR314.9 million in turnover. In contrast, traded volume increased 3.9 percent to 1.22 billion shares, with Ezdan Holding Group leading in volume at 110.8 million shares. Foreign institutional investors emerged as strong net buyers, with purchases totaling QR730.7 million, a sharp rise from QR93.9 million the week before. Qatari institutions offset this inflow with net selling of QR634.5 million. Foreign retail investors also reversed course, recording net buying of QR5.8 million, while Qatari retail investors posted net selling of QR101.9 million. Looking ahead, Qasmieh expects continued positive performance on the QSE toward the end of the month, driven by portfolio rebalancing and the anticipated impact of earnings and dividend announcements on corporate profits. According to a report by QNB Financial Services (QNBFS), year-to-date, global foreign institutions remain net sellers of Qatari equities by $10.9 million, while GCC institutions are net short by$27.7 million.
Zawya
2 days ago
- Business
- Zawya
Qatar: Foreign funds' substantial buying lift QSE 112 points as Iran-Israel tension eases
The Qatar Stock Exchange (QSE) on Wednesday gained about 112 points to cross the 10,600 levels and capitalisation added about QR7bn as foreign funds were found increasingly net buyers with Iran-Israel ceasefire lifting sentiments for the second straight session. The 20-stock Qatar Index rose 1.06% to 10,643.52 points, recovering from an intraday low of 10,545 points. The transport, insurance, real estate and banking counters witnessed higher than average demand in the main market, which saw 0.69% gains year-to-date. About 87% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR6.95bn or 1.12% to QR628.68bn mainly on account of large and midcap segments. The foreign retail investors' weakened net selling had its influence on the main market, which saw as many as 0.06mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.14mn trade across 15 deals. The Gulf individual investors' lower net profit booking had its effect on the main bourse, whose trade turnover grew amidst lower volumes. The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills. However, the domestic institutions were seen increasingly net sellers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 1.06%, the All Share Index by 1.16% and the All Islamic Index by 0.73% in the main market. The transport sector index shot up 2.68%, insurance (1.65%), realty (1.36%), banks and financial services (1.32%), consumer goods and services (0.78%), telecom (0.35%) and industrials (0.3%). Major movers in the main market include Qatar General Insurance and Reinsurance, Qatar Cinema and Film Distribution, Nakilat, Aamal Company, Qamco, QNB, AlRayan Bank, Estithmar Holding, United Development Company, Barwa and Milaha. In the junior bourse, Techno Q saw its shares appreciate in value. Nevertheless, Qatar German Medical Devices, Industries Qatar, Dukhan Bank, Medicare Group and Lesha Bank were among the shakers in the main market. The foreign institutions' net buying strengthened substantially to QR589.32mn compared to QR23.18mn the previous day. The foreign individual investors' net profit booking declined noticeably to QR1.2mn against QR4.87mn on June 24. The Gulf retail investors' net selling weakened markedly to QR0.07mn compared to QR4.87mn on Tuesday. However, the domestic funds' net selling expanded drastically to QR567.25mn against QR52.59mn the previous day. The local retail investors turned net sellers to the tune of QR38.28mn compared with net buyers of QR3.9mn on June 24. The Gulf institutions' net buying declined substantially to QR5.62mn against QR21.3mn on Tuesday. The Arab individual investors' net buying shrank considerably to QR6.85mn compared to QR17.44mn the previous day. The Arab institutions had no major net exposure against net buyers to the extent of QR0.28mn on June 24. The main market saw 16% plunge in trade volumes to 277.77mn shares but on 50% surge in value to QR1.03bn and 8% in deals to 28,803. In the venture market, a total of 8,799 equities valued at QR0.02mn changed hands across four transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
