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Strong buying, notably in realty and transport counters, helped the Qatar Exchange maintain its index above 9,000 points and capitalisation above QR502bn.
Local retail investors were seen instrumental in lifting the 20-stock Qatar Index (based on price data) for the second day by 0.61% to a new two-year high of 9,064.31 points.
Foreign institutions pared their exposure in the market, which is up 8.44% year-to-date (YTD) but still below Dubai, Abu Dhabi and Kuwait bourses, which returned double-digit gains to investors.
About 60% of the stocks extended gains with major movers being United Development Company (UDC), Mazaya Qatar, Barwa, Milaha, Nakilat, Qatari Investors Group, International Islamic, Qatar Islamic Bank and Commercial Bank; even as Industries Qatar and Gulf International Services bucked the trend.
The 20-stock Total Return Index also gained 0.61% to 12,950.82 points, All Share Index (comprising wider constituents) by 0.53% to 2,302.96 points and Al Rayan Islamic Index by 0.76% to 2,748.95 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the insurance index surged 3.1%, real estate (2.38%), transport (1.95%), banks and financial services (0.53%) and telecom (0.09%); while that of industrials fell 0.26% and consumer goods (0.04%).
Transport, industrials, consumer goods, telecom, insurance, banks and realty sectors outperformed the key indices with them gaining YTD 21.16%, 19.5%, 18.16%, 17.92%, 11.62%, 9.94%, and 9.87% respectively.
Market capitalisation rose 0.22% or more than QR1bn to QR502.61bn with small, mid and large cap equities gaining 1.64%, 1.01% and 0.23% respectively; even as micro caps fell 0.09%.
Mid, small and large cap equities have gained YTD 10.28%, 10.07% and 7.71% respectively; while micro caps lost 2.99%.
Of the 42 stocks, 25 advanced, while 12 declined, three were unchanged and two were not traded.
Qatari individual investors’ net profit booking sunk to 7.76% or QR35.45mn. A higher 41.55% of them purchased equities against 35.67% on Sunday and a higher 49.31% sold compared to 46.5%.
Non-Qatari individual investors’ net selling rose to 2% or QR9.14mn. A higher 14.01% of them bought equities against 12% the previous day and a higher 16.01% sold compared to 12.84%.
Domestic institutions’ net buying fell to 5.52% or QR25.22mn. A lower 29.01% of them were into buying against 33.08% on Sunday, whereas a marginally higher 23.49% of them into selling compared to 23.35%.
Foreign institutions’ net buying surged to 4.23% or QR19.32mn. A lower 15.42% of them bought equities against 19.25% the previous day and a lower 11.19% offloaded compared to 17.31%.
Total trading volume gained 27% to 13.87mn shares, value by 21% to QR456.84mn and deals by 18% to 6,376.
The real estate sector’s trading volume more than doubled to 6.58mn shares, value surged 97% to QR131.94mn and transactions by 41% to 1,841.
The banks and financial services sector’s trading volume soared 16% to 2.79mn shares, value by 30% to QR115.86mn and deals by 24% to 1,597.
The consumer goods and services sector’s trading volume expanded 15% to 0.84mn shares, value by 44% to QR51.91mn and transactions by 39% to 695.
The insurance sector’s trading volume shot up 13% to 0.26mn shares, value by 8% to QR12.57mn and deals by 33% to 166.
However, the transport sector’s trading volume plummet 25% to 1.66mn shares, value by 36% to QR37.29mn and transactions by 20% to 632.
The industrials sector’s trading volume plunged 21% to 1.28mn shares and value by 2% to QR98.02mn while deals gained 11% to 1,247.
The telecom sector’s trading volume tanked 21% to 0.45mn shares, value by 32% to QR9.23mn and transactions by 20% to 198.
Actively traded stocks (in terms of volume) were UDC (3.38mn shares); Barwa (1.69mn); Mazaya Qatar (1.47mn); Nakilat (1.46mn) and Masraf Al Rayan (804,115).
In the debt market, there was no trading of treasury bills.