Increased net buying support from foreign and Gulf Co-operation Council (GCC) institutions helped the 20-stock Qatar Index surge 2% to 11,659.42 points on almost doubled overall trade volumes.

By Santhosh V Perumal
Business Reporter

Reassurance by Qatar on continued capital expenditure and Iranian nuclear deal have had a positive influence on the Qatar Stock Exchange, which yesterday amassed 229 points to surpass the 11,650 mark.
Increased net buying support from foreign and Gulf Cooperation Council (GCC) institutions helped the 20-stock Qatar Index surge 2% to 11,659.42 points on almost doubled overall trade volumes.
An across-the-board buying, particularly in the telecom, transport and industrials sectors, was visible in the market, which is, however, down 5.1% year-to-date.
The index that tracks Shariah-principled stocks was seen gaining the fastest in the bourse, where trading was largely skewed towards the real estate, banking and industrials sectors, whose stocks together constituted more than 76% of the overall trading volume.
Market capitalisation rose 1.7% or more than QR10bn to QR613.58bn with small, mid, large and micro cap equities gaining 2.47%, 2.06%, 1.8% and 1.47% respectively.
The Total Return Index gained 2% to 18,122.9 points, All Share Index by 1.81% to 3,092.9 points and Al Rayan Islamic Index by 2.38% to 4,433.41 points.
Telecom stocks appreciated 3.92%, transport (3.25%), industrials (2.37%), banks and financial services (1.62%), realty (1.16%), consumer goods (0.92%) and insurance (0.9%).
More than 85% of the stocks extended gains with major movers being Ooredoo, Masraf Al Rayan, Qatar Islamic Bank, Industries Qatar, QNB, Dlala, Qatari Investors Group, Aamal Company, Gulf International Services, Mazaya Qatar, Barwa, Vodafone Qatar and Nakilat.
Non-Qatari institutions’ net buying strengthened to QR38.18mn compared to QR4.7mn the previous day.
The GCC institutions’ net buying surged to QR43.22mn against QR16.37mn on September 8. Domestic institutions’ net profit booking weakened to QR26.51mn compared to QR29.91mn on Tuesday.
However, local retail investors turned net sellers to the tune of QR25.01mn against net buyers of QR11.76mn the previous day.
Non-Qatari individual investors were also net profit takers to the extent of QR6.03mn compared with net buyers of QR0.85mn on September 8.
The GCC individual investors’ net selling soared to QR23.8mn against QR3.76mn on Tuesday.
Total trade volume rose 95% to 14.03mn shares, value by 76% to QR553.38mn and deals by 68% to 7,725.
The telecom sector’s trade volume almost tripled to QR1.23mn equities and value also almost tripled to QR33.81mn on almost doubled transactions to 791.
The real estate sector’s trade volume almost tripled to 5.83mn stocks and value more than doubled to QR134.21mn on more than doubled deals to 1,556.
The transport sector saw 63% surge in trade volume to 1.34mn shares, 73% in value to QR36.81mn and 66% in transactions to 624.
The industrials sector’s trade volume expanded 60% to 2.01mn equities, value by 32% to QR107.5mn and deals by 42% to 2,194.
The banks and financial services sector reported 52% increase in trade volume to 2.83mn stocks, 71% in value to QR213.42mn and 77% in transactions to 1,981.
The insurance sector’s trade volume rose 25% to 0.1mn shares, value by 15% to QR8.05mn and deals by 68% to 128.
However, there was 17% shrinkage in the consumer goods sector’s trade volume to 0.68mn equities; even value was up 3% to QR19.57mn and transactions by 44% to 451.
In the debt market, there was no trading of treasury bills and government bonds.
Boeing, QNB explore region’s aircraft financing market

Yusuf Saeed, assistant general manager (Global Structured Finance) Group Corporate & Institutional Banking, QNB; Douglas Hadley, senior director, Boeing Capital Corporation (BCC); Ahsen Rajput, deputy managing director for the Middle East, Africa and South Asia, BCC; at the aircraft financier and investor roundtable in Doha.
Middle East banks and commercial financial institutions are continuing to support the region’s growing number of airplane deliveries as well as looking for opportunities to play a greater role in the global aircraft financing market.
“Locally-generated aircraft financing has grown significantly over the past few years and now supports more than half of the Middle East’s airplane deliveries,” said Ahsen Rajput, deputy managing director for the Middle East, Africa and South Asia region for Boeing Capital Corporation (BCC), the company’s aircraft financing arm.
“Boeing has an enduring relationship with the Middle East and we continue to work with partners such as QNB to ensure local banks and financial institutions are well placed to participate in aircraft financing.”
Boeing and QNB, the leading financial institution in the Mena region,  hosted an aircraft financier and investor roundtable in Doha, bringing together a number of representatives from financial institutions in Qatar and the region to discuss the current aircraft finance market, forecast airplane deliveries and to learn more about aircraft financing.
“Financial institutions in Qatar and GCC have become much more active in aircraft financing and this roundtable is an excellent opportunity to share ideas to join hands in more and more complex financing” said Yousef Mahmoud al-Neama, QNB general manager Group Corporate and Institution Banking.
Boeing’s latest commercial aviation market outlook forecasts demand for 3,180 new airplanes for the Middle East region over the next 20 years, worth an estimated $730bn.
QNB has been leading the way in aircraft financing in the GCC. The bank has been instrumental in arranging financing for a number of airlines in the GCC and EU with the partnership of banks across the globe.