SNG: Banks’ solid earnings drive Qatar's QSE to cross 11,200; M-cap adds $879mln

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First published: 25-Jul-2025 09:23:32Santhosh V. PerumalQatar - The consumer goods, banking, telecom and industrials witnessed higher than average demand as the 20-stock Qatar Index rose 0.3% to 11,220.76 points, recovering from an intraday low of 11,143 points.Solid earnings, especially in the banking sector, led the Qatar Stock Exchange to gain more than 33 points, and its key index crossed the 11,200 levels and capitalisation added more than QR3bn.The consumer goods, banking, telecom and industrials witnessed higher than average demand as the 20-stock Qatar Index rose 0.3% to 11,220.76 points, recovering from an intraday low of 11,143 points.The Gulf institutions were seen increasingly bullish in the main market, whose year-to-date gains improved further to 6.15%.The Arab retail investors turned net buyers in the main bourse, whose capitalisation added QR3.2bn or 0.48% to QR663.8bn mainly on small and microcap segments.The Gulf individuals were increasingly net buyers in the main market, which saw as many as 2,141 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.02mn trade across two deals.The domestic funds’ weakened net selling had its influence on the main bourse, whose trade turnover and volumes were on the decline.The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills.The local retail investors’ lower net profit booking had its effect on the main bourse, which saw no trading of sovereign bonds.The Total Return Index gained 0.41%, the All Islamic Index by 0.17% and the All Share Index by 0.51% in the main market.The consumer goods and services sector index rose 0.84%, banks and financial services (0.7%), telecom (0.44%) and industrials (0.43%); while real estate declined 0.43%, transport (0.2%) and insurance (0.04%).Major gainers in the main market included Salam International Investment, Mannai Corporation, QNB, Beema, Qatar Islamic Bank, Gulf International Services and Qamco. In the junior bourse, Techno Q saw its shares appreciate in value.Nevertheless, Commercial Bank, Ezdan, Qatar General Insurance and Reinsurance, Woqod and Doha Bank were among the shakers in the main market.The Gulf institutions’ net buying strengthened noticeably to QR10.32mn compared to QR4.56mn on July 23.The Arab individuals were net buyers to the tune of QR2.52mn against ne...

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