Qatar Stock Exchange Sees Positive Influence from US-China Trade Deal

Strategic Insights -

The Qatar Stock Exchange (QSE) experienced a significant boost on Monday, with its key index rising to 10,609.25 points, a gain of 0.73% from the previous day. This increase marks the first time this year that the main market has turned black, reporting a 0.36% gain year-to-date. The industrials, banks, and insurance sectors witnessed higher-than-average demand, with 68% of the traded constituents extending gains to investors.

Key Takeaways:

  • The QSE's key index rose 0.73% to 10,609.25 points, crossing the 10,600 levels.
  • The industrials sector index shot up 1.72%, banks and financial services (0.9%), insurance (0.81%), transport (0.49%), consumer goods and services (0.24%), and real estate (0.18%).
  • Major movers in the main market included Qatar Electricity and Water, Estithmar Holding, Industries Qatar, Widam Food, QNB, Qamco, QIIB, Salam International Investment, Al Faleh Educational Holding, Baladna, Gulf International Services, Mesaieed Petrochemical Holding, Milaha, and United Development Company.
  • The foreign institutions' net buying increased substantially to QR74.8mn compared to QR6.76mn on Sunday.
  • The Gulf institutions' net buying expanded significantly to QR10.25mn against QR2.21mn the previous day.
  • The domestic institutions turned net buyers to the tune of QR9.2mn compared with net sellers of QR37.12mn on May 11.
  • The main market witnessed a 24% surge in trade volumes to 237.29mn shares and 61% in value to QR535.28mn.
  • The Total Return Index (TRI) rose 0.73%, the All Islamic Index (AI) by 0.65%, and the All Share Index (ASI) by 0.85% in the main market.

Statistics:

  • The QSE's key index gained 77 points, crossing the 10,600 levels.
  • The industrials sector index rose 1.72%, while telecom declined 0.99%.
  • The Total Return Index (TRI) rose 0.73%, the All Islamic Index (AI) by 0.65%, and the All Share Index (ASI) by 0.85%.
  • The foreign institutions' net buying increased by QR68.04mn on Monday compared to Sunday.
  • The Gulf institutions' net buying expanded by QR7.98mn against the previous day.
  • The main market witnessed a 24% surge in trade volumes to 237.29mn shares and 61% in value to QR535.28mn.

Sources:

  • "QSE index gains 77 points to cross 10,600 levels." (Source: Trade Arabia, May 15)
  • "Qatar Stock Exchange sees positive influence from US-China trade deal." (Source: Gulf Times, May 15)
  • "QSE main market turns black for first time this year." (Source: The Peninsula, May 15)