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4-Traders Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Gulf International Services QSC    GISS   QA000A0Q6LH4

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Domestic institutions’ buying support strengthens on QSE

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06/22/2017 | 12:46am CEST

There was a weakened net selling pressure from foreign institutions and Gulf individuals amidst 1.75% fall in the 20-stock Qatar Index to 8,777.73 points

Santhosh V. Perumal

Domestic institutions’ buying support considerably strengthened Wednesday on the Qatar Stock Exchange, which however settled below 8,800 levels.

There was a weakened net selling pressure from foreign institutions and Gulf individuals amidst 1.75% fall in the 20-stock Qatar Index to 8,777.73 points. Islamic stocks were seen declining slower than the main index on the bourse, whose year-to-date losses were at 15.9%. Market capitalisation stood at QR474.45bn, even as declines in large, micro, mid and small cap segments were lower than that in the main index. Trade turnover and volumes were on the increase on the bourse, where banking and realty sectors together accounted for about 71% of the total volumes. The Total Return Index was at 14,719.74 points, All Share Index at 2,506.47 points and Al Rayan Islamic Index at 3,519.03 points. The real estate index shrank 2.93%, industrials (2.05%), banks and financial services (2.02%), telecom (1.49%), consumer goods (1.14%), insurance (0.29%) and transport (0.2%). Major gainers included Milaha, Al Khaleej Takaful, Gulf International Services and QIIB; even as QNB, Industries Qatar, Ooredoo, Nakilat, Commercial Bank, Qatar Islamic Bank, Masraf Al Rayan, Dlala, Qatar Electricity and Water, Aamal Company, Ezdan, Barwa and Mazaya Qatar were among the losers. Domestic institutions’ net buying strengthened substantially to QR102.31mn compared to QR27.36mn on June 20. Non-Qatari institutions’ net profit booking weakened influentially to QR23.08mn against QR26.37mn on Tuesday. The GCC (Gulf Cooperation Council) individuals’ net selling plunged to QR5.14mn compared to QR15.33mn the previous day. However, the GCC funds’ net profit booking strengthened considerably to QR80.18mn against QR20.79mn on June 20. Local retail investors’ net buying declined significantly to QR7.84mn compared to QR33.78mn on Tuesday. Non-Qatari retail investors were net sellers to the tune of QR1.74mn against net buyers of QR1.39mn the previous day. Total trade volumes rose 53% to 14.87mn shares, value by 54% to QR435.54mn and deals by 54% to 4,455. The insurance sector’s trade volume more than tripled to 0.29mn equities and value grew more than five-fold to QR15.96mn on more than doubled transactions to 100. The banks and financial services sector’s trade volume more than tripled to 7.59mn stocks and value more than doubled to QR256.72mn on almost doubled deals to 2,183. The industrials sector saw 64% surge in trade volume to 1.69mn shares, 26% in value to QR64.41mn and 30% in transactions to 585. The telecom sector’s trade volume soared 39% to 3.03mn equities, value by 43% to QR30.24mn and deals by 30% to 314. The transport sector reported 28% expansion in trade volume to 0.46mn stocks, 27% in value to QR21.47mn and 49% in transactions to 302. The consumer goods sector’s trade volume shot up 27% to 0.38mn shares, whereas value declined 17% to QR22.53mn and deals by 6% to 369. However, the market witnessed 60% plunge in the real estate sector’s trade volume to 1.44mn equities and 53% in value to QR24.2mn but on 40% increase in transactions to 602. In the debt market, there was no trading of treasury bills and government bonds.

Last updated: June 21 2017 08:24 PM

(c) Gulf Times Newspaper 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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06/22 Domestic institutions’ buying support strengthens on QSE
06/21 Exclusive - Qatar sovereign fund moves stakes to government, may sell assets
06/19 QSE limits losses as local selling pressure weakens
06/04 A day of shifting trends sees QSE losing 16 points
06/01 QSE snaps bearish trend on strong buying
05/31 Qatar shares fall below 10,000 levels on selling pressure
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05/29 QSE edges lower as Ezdan delisting plan weighs on sentiment
05/28 Key stocks help Qatar index cross 10,100 level
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Financials ( QAR)
Sales 2017 2 977 M
EBIT 2017 377 M
Net income 2017 291 M
Debt 2017 3 847 M
Yield 2017 4,84%
P/E ratio 2017 13,32
P/E ratio 2018 10,32
EV / Sales 2017 2,58x
EV / Sales 2018 2,31x
Capitalization 3 839 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 27,2  QAR
Spread / Average Target 31%
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Ebrahim Ahmad Al-Mannai Managing Director & Director
Khalid bin Khalifa Al-Thani Chairman
Suleiman Haidar Al-Haidar Vice Chairman
Khalid Saeed Ali Al-Rumaihi Director
Jassim bin Abdullah bin Mohammed Al-Thani Director
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