QSE Settles Edges Up Despite US-China Tariff Concerns M-Cap Adds QR1.95Bn

(MENAFN- Gulf Times) The Qatar stock exchange Tuesday overcame the initial selling pressure to close 26 points higher on buying interests, especially in the transport sector.
Notwithstanding concerns over the US-China tariff issue, the 20-stock Qatar index gained 0.25% to 10,658.83 points, recovering from an intraday low of 10,577 points.
The Arab individuals were increasingly net buyers in the main bourse, whose capitalisation added QR1.95bn or 0.31% to QR624.73bn on the back of midcap segments.
The domestic institutions turned net buyers, albeit at lower levels in the main market, which saw as many as 5,577 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at mere QR0.06mn changed hands across 13 deals.
The Arab funds were seen bullish, albeit at lower levels, in the main bourse, whose trade turnover and volumes were on the decrease.
The Islamic index was seen declining vis-à-vis gains in the other indices of the main market, which saw no trading of treasury bills.
The foreign institutions continued to be net sellers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index gained 0.25% and the All Share Index by 0.25%; while the All Islamic Index was down 0.06% in the main market.
The transport sector index shot up 1.87%, banks and financial services (0.29%), insurance (0.24%) and industrials (0.22%); whereas telecom declined 0.72%, consumer goods and services (0.69%) and real estate (0.36%).
As much as 49% of the traded constituents extended gains to investors in the main bourse with major gainers being Nakilat, Ezdan, Aamal Company, Doha Bank, Widam Food, QIIB, Qatar Oman Investment, Dukhan Bank and Gulf International Services.
Nevertheless, Al Faleh Educational Holding, Qatar National Cement, United Development Company, Ooredoo, Woqod and Qatar Cinema and Film Distribution were among the shakers in the main market.
In the junior bourse, Techno Q saw its shares depreciate in value.
The Arab individual investors' net buying increased noticeably to QR3.83mn compared to QR0.75mn on February 3.
The domestic institutions turned net buyers to the tune of QR0.9mn against net were of QR4.18mn the previous day.
The Arab institutions were net buyers to the extent of QR0.05mn compared with net profit takers of QR0.01mn on Monday.
The foreign institutions' net selling declined substantially to QR7.79mn against QR21.63mn on February 3.
The Gulf individual investors' net selling shrank perceptibly to QR0.36mn compared to QR1.27mn the previous day.
However, the foreign retail investors turned net sellers to the tune of QR1.38mn against net buyers of QR2.1mn on Monday.
The Gulf institutions were net profit takers to the extent of QR0.26mn compared with net buyers of QR1.46mn on February 3.
The local retail investors' net buying weakened substantially to QR5.03mn against QR22.77mn the previous day.
Trade volumes in the main market fell 9% to 191.33mn shares and value by 2% to QR514.7mn, while deals rose 15% to 18,817.
The venture market saw a 54% contraction in trade volumes to 0.12mn equities, 52% in value to QR0.31mn and 56% in transactions to 19.

MENAFN04022025000067011011ID1109167793