By Santhosh V Perumal
DOHA: Buying in micro and mid cap equities yesterday put Qatar’s bourse back on the positive trajectory as its benchmark gained 0.07%.
Led by Qatar Telecom (Qtel) and QNB, the 20-stock benchmark Qatar Share Index added eight points to 11,620.02. The Doha Securities Market is up 21.29% year-on-year.
Index-based Qtel and QNB stocks gained 2.46% and 0.82% respectively on a day that saw increased buying by domestic institutions and non-Qatari retail investors.
Micro and mid cap stocks gained 0.40% and 0.15%, while large and small cap equities lost 0.17% and 0.09% respectively.
Total market capitalisation, however, shrank 0.04% or QR22mn to QR500.46bn.
Services as well as banking and financial institutions indices reported gains of 0.29% and 0.12%, while insurance and industries pared 0.82% and 0.39% respectively.
Of the 43 stocks, 18 gained, while 18 fell, four were unchanged and three were not traded.
Other movers included Al Khaleej Insurance and Reinsurance (5.29%), Qatar Cinema and Film Distribution (4.61%), Qatar Oman Investment (QOIC, 2.87%), Zad Holding (2.60%), Al Khaliji (1.92%), Doha Insurance (1.70%), Mawashi (1.65%), Gulf International Services (GIS, 1.54%) and Ahlibank (1.34%).
However, Aamal Holdings’ stocks lost 2.11%, followed by Barwa (1.66%), United Development Company (1.39%), Qatar National Cement (1.32%) and Qatar Shipping (1.05%).
Domestic institutions appeared bullish as a higher 18.52% of them were into buying compared with 17.56% on Sunday, while a lower 9.26% into selling against 32.96%.
Similarly, a higher 14.01% of non-Qatari retail investors bought equities compared with 12.14% in the previous day although a higher 12.79% into selling against 12.57%. Qatari individual investors were rather bearish as a higher 59.56% offloaded stocks compared with 42.61% on Sunday although a higher 58.37% picked up against 56.16%.
Among foreign institutions, a higher 18.38% of them were into selling compared with 11.85% in the previous day, while a lower 9.10% bought against 14.14%.
Total volumes gained 6% to 7.78mn shares but value shrank 3% to QR0.30bn. Transactions were up 4% to 5,712.
Insurance trading volume gained 25% to 0.15mn shares, value by 30% to QR12.72mn and deals by 14% to 217.
Services trading volume rose 13% to 5.89mn shares, value by 14% to QR185.91mn and transactions by 11% to 3,458. Industrial trading volume, however, plunged 31% to 0.37mn shares, value by 54% to QR29.40mn and deals by 40% to 499.
Banks and financial institution’s trading volume lost 7% to 1.38mn shares and value by 14% to QR67.83mn but transactions rose 12% to 1,538.
Top five traded entities were Mawashi (2.66mn shares); GIS (924,655); Masraf Al Rayan (776,699); QOIC (534,082) and Medicare Group (437,022). |
