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Qatar Tribune
an hour ago
- Business
- Qatar Tribune
Most Gulf marketstrade up despite US strikes on Iran
TNN & Agencies Doha Most stock markets across the Gulf region traded higher on Sunday, showing remarkable resilience despite heightened geopolitical tensions following US airstrikes on Iran's key nuclear facilities. Investors appeared to be assessing the broader economic impact of the conflict, rather than reacting with panic, as trading sentiment remained largely stable. Late Saturday, US forces carried out coordinated strikes on three of Iran's primary nuclear sites. The escalation came with a stern warning from President Donald Trump, who stated that Iran would face 'more devastating attacks' if it failed to pursue peace. Despite the gravity of the military action, markets across the Gulf appeared relatively unfazed. The Qatar Stock Exchange (QSE) index gained 19.06 points, or 0.19 percent, closing at 10,280.20 points. Trading activity remained robust, with over 192 million shares exchanged at a total value of QR357.64 million through nearly 15,000 transactions spanning all sectors. Investor sentiment was broadly positive on the QSE, with shares of 38 companies closing in the green, while only nine declined and five remained unchanged. The day's performance also led to a rise in market capitalisation, which climbed to QR606.80 billion from QR605.41 billion in the previous session. In Saudi Arabia, the region's largest bourse also showed resilience. The benchmark Tadawul All Share Index (TASI) edged up 0.4 percent by 09:15 GMT, led by a 0.7 percent gain in shares of Saudi National Bank, the country's largest lender. Michael Brown, Senior Research Strategist at Pepperstone, commented on the market's reaction, saying, 'It is admittedly a bit surprising to see regional equities shrugging off the US strikes on Iran with relative ease, with opening losses having pared relatively rapidly.' He noted that markets had already priced in the possibility of a US strike, and there was a growing investor expectation of a swift diplomatic resolution. Despite the calm market reaction, underlying concerns remain. Bahrain and Kuwait—both hosts to key US military bases—took precautionary measures on Sunday. Bahrain advised motorists to avoid main roads, while Kuwait announced the establishment of shelters at government ministry complexes in preparation for any potential escalation. Still, investor confidence held, with Kuwait's Premier Index reversing early declines to post a 0.3 percent gain by mid-morning. Bahrain's main index was flat, while Oman's MSX30 rose by 0.5 percent, reflecting cautious optimism. Outside the Gulf, Egypt's EGX30 benchmark index surged 1.7 percent, buoyed by strong investor sentiment. Meanwhile, Tel Aviv's main stock index advanced by around 1 percent, reaching an all-time high despite the broader regional uncertainty. While markets have so far taken the latest geopolitical developments in stride, analysts warn that the situation remains fluid. Investors will closely monitor diplomatic developments in the coming days, particularly any response from Tehran or efforts by international actors to de-escalate tensions. As it stands, regional stock markets are demonstrating a surprising degree of calm and resilience, signaling investor confidence in the Gulf economies' ability to absorb geopolitical shocks—at least in the short term.
Zawya
4 days ago
- Business
- Zawya
Qatar: Regional uncertainties play spoilsport in QSE as index loses 63 points; M-cap melts $846mln
Fears of regional instability, owing to Iran-Israel dispute, continued to dampen sentiments in the Qatar Stock Exchange (QSE), whose key index lost more than 63 points and capitalisation melt in excess of QR3bn. The foreign funds turned net profit takers as the 20-stock Qatar Index shed 0.61% to 10,347.91 points, although it touched an intraday high of 10,420 points. The transport, telecom and consumer goods counters witnessed higher than average selling pressure in the main market, whose year-to-date losses widened further to 2.11%. More than 78% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR3.08bn or 0.5% to QR610.44bn mainly on account of small and microcap segments. The Gulf retail investors and funds were seen bearish in the main market, which saw as many as 804 exchange traded funds (sponsored by AlRayan Bank) valued at QR1,768 trade across three deals. The local retail investors continued to be net sellers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen declining slower than the other indices of the main market, which saw no trading of treasury bills. The Arab individuals continued to be bearish but with lesser vigour in the main bourse, which saw no trading of sovereign bonds. The Total Return Index declined 0.61%, the All Share Index by 0.5% and the All Islamic Index by 0.45% in the main market. The transport sector index plummeted 2.58%, telecom (1.09%), consumer goods and services (0.65%), real estate (0.51%), banks and financial services (0.3%) and insurance (0.22%); while industrials was unchanged. Major shakers in the main market include Nakilat, Estithmar Holding, Mannai Corporation, Lesha Bank, Commercial Bank, Dukhan Bank, Alijarah Holding, Dlala, Qatar German Medical Devices, Salam International Investment, Medicare Group, Al Faleh Educational Holding, Aamal Company, Ezdan, Mazaya Qatar and Vodafone Qatar. Nevertheless, Qatar National Cement, Ahlibank Qatar, Mesaieed Petrochemical Holding, Meeza, Qatar Islamic Insurance and Industries Qatar were among the gainers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value. The foreign institutions turned net sellers to the tune of QR6.03mn compared with net buyers of QR13.69mn the previous day. The Gulf individuals were net profit takers to the extent of QR2.68mn against net buyers of QR2.9mn on June 17. The Gulf institutions turned net sellers to the tune of QR1.59mn compared with net buyers of QR3.81mn on Tuesday. However, the domestic funds' net buying increased significantly to QR27.09mn against QR15.61mn the previous day. The foreign retail investors were net buyers to the extent of QR2.07mn compared with net sellers of QR6.47mn on June 17. The local individual investors' net selling weakened noticeably to QR11.75mn against QR14.6mn on Tuesday. The Arab retail investors' net profit booking eased perceptibly to QR7.12mn compared to QR14.93mn the previous day. The Arab institutions had no major net exposure for the fourth consecutive day. The main market saw 14% contraction in trade volumes to 182.95mn shares, 20% in value to QR399.39mn and 23% in deals to 18,932. In the venture market, a total of 4,500 equities valued at QR0.1mn changed hands across three transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Qatar Tribune
6 days ago
- Business
- Qatar Tribune
Gulf markets rebound amid Israel-Iran conflict
TNN & Agencies Doha Stock markets in the Gulf ended higher on Monday, recovering some of their losses from previous sessions when they were jolted by the escalating conflict between Israel and Iran. The Qatar Stock Exchange (QSE) general index closed Monday's trading higher by 177.880 points, or 1.73 percent, a day after falling more than 3 percent to close at 10,464.800 points. During the session, 239,968,300 shares, valued at QR566,446 million were traded in 32,908 transactions across all sectors. Shares of 46 companies rose and four companies saw a decline in their share price, while three others maintained their previous closing price. Market capitalisation at the end of the trading session amounted to QR616.497 billion compared to QR604.495 billion in the previous session. Saudi Arabia's benchmark index advanced 1.3 percent, led by a 1.5 percent rise in Al Rajhi Bank and a 6.9 percent jump in ACWA Power Company. The upward trend mirrored similar movements in both Asian and European markets, where a temporary improvement in sentiment was bolstering investor appetite, said Osama Al Saifi, Managing Director for MENA at Traze. 'This optimism was partly fuelled by positive economic data from China, which showed an acceleration in retail sales despite US tariffs,'he said. Dubai's main share index added 0.8 percent, with utility firm Dubai Electricity and Water Authority rising 2.2 percent. In Abu Dhabi, the index closed 0.2 percent higher. Outside the Gulf, Egypt's blue-chip index inched 0.1 percent higher, helped by a 1.4 percent rise in Commercial International Bank. On Sunday, the index fell 4.6 percent marking its biggest intraday fall in about 14 months.
Zawya
13-06-2025
- Business
- Zawya
Qatar: QSE index achieves 0.52pct gains since start of 2025
Doha: The Qatar Stock Exchange (QSE) index ended trading this week in the green, up 0.65 percent, despite yesterday's session's 0.81 percent decline, reaching 10,626 points. Investment manager at Qatar Securities Company (QS) Ramzi Qasmieh told Qatar News Agency (QNA) that the index's gains since the beginning of the year have reached 0.52 percent, with the telecommunications and transportation sectors leading the way with increases of 19.2 percent and 12.7 percent, respectively. He indicated that the decline in the QSE index during today's session was slower than that of neighboring markets, noting that the three sessions following the Eid holiday witnessed an improvement in liquidity, which averaged approximately QR467m, highlighting that foreign portfolios targeted leading stocks. In this context, he pointed out that the market is awaiting the implementation of the FTSE review results next week, which are expected to witness healthy trading. He noted that a number of stocks have reached their highest levels in more than a year. For example, Nakilat's stock reached its highest level in nearly 19 years, while Commercial Bank, Doha Bank, and Medicare are all near their highest prices since the beginning of 2025. Analyzing sector performance this week, Qasmieh noted that the transportation sector recorded gains of 0.22 percent, while the real estate sector witnessed a decline of 1.55 percent. The Qatar Stock Exchange general index closed yesterday's trading lower by 86.85 points, or 0.81 percent, to close at 10,626.50 points. During the session, 205,251,398 shares, valued at QR451,108,161.579, were traded in 24,208 transactions across all sectors. Shares of five companies rose, while 45 companies saw a decline in their share price and three firms maintained their previous closing price. Market capitalization at the end of the trading session amounted to QR627,072,464,180.596, compared to QR631,714,037,446.621 in the previous session. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
09-06-2025
- Business
- Zawya
Qatar's QSE records five indirect acquisitions valued at $160.16mln in 2024
QSE-listed companies witnessed five indirect acquisitions valued at QR583mn during 2024 with a vast majority of them overseas, according to the official data. The Qatar Stock Exchange (QSE) listed companies witnessed five indirect acquisitions valued at QR583mn during 2024 with a vast majority of them overseas, according to the official data. 'During 2024, five acquisitions were completed worth QR583mn. Such transactions varied between indirect acquisitions inside and outside Qatar, and included many sectors such as industrials, transportation, banks and financial services,' the Qatar Financial Market Authority (QFMA) said in its latest annual report. Of the five acquisitions, three were indirect inside the country and valued at QR43mn (7% of the total) and were in the banks and financial services, industrials and transportation sectors; while the remaining 93% or QR540mn was for indirect acquisition overseas and in the banks and financial services/industrials sectors. The QFMA, through Securities Offering and Listing Affairs Department as the competent department, receives applications for companies' offering and listing, and applications for acquisition and merger, in cooperation with the 'One Single Window Committee'. It reviews the offering and listing prospectuses in addition to analysing the evaluation reports to verify the eligibility and worthiness of the companies applying for listing in the financial market and the requirements of acquisition and merger transactions, in a manner that ensures the transparency and disclosure required for investors to make their decisions properly. During 2024, the QFMA had received five applications for issuing shares, of which four are still under process; while a decision is pending on another exchange traded fund (ETF) as well as on one real estate investment trust. The QSE already has two ETFs, sponsored by AlRayan Bank and Doha Bank. During 2024, Al-Faleh Educational Holding Company moved from the venture market to the main market. All of the company's shares were listed with its capital of 240mn shares, bringing the number of companies listed on the main market to 52. The QFMA approved the listing of Qatar Electronic Systems Company (Techno Q) on the QSE's venture market. All of the company's shares, with a capital of 84.5mn shares, worth QR245.05mn, were listed directly without offering its shares for public subscription. This listing comes as part of QFMA's efforts to enhance diversity in the market and increase investment opportunities for investors. The listing of Techno-Q on the secondary market enables it to benefit from public funding and expand its investor base, in addition to enhancing transparency and financial disclosure in line with listing requirements. During 2024, as many as 55 government debt instruments were listed, as treasury bills and debt bonds, with a total nominal value of QR51bn. During 2024, the QFMA also issued as many as 56 ISINs: 37 treasury bills, 18 debt bonds and one newly listed company. ISIN or International Securities Identification Number is a 12-character alphanumeric code that uniquely identifies a specific security. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
