Buying interests from foreign institutions yesterday sustained the bullish momentum on the Qatar Exchange for the third consecutive day.
Banking and realty sectors were instrumental in lifting the 20-stock Qatar Index (based on price data) by 0.55% to 8,834.13 points.
A feeble buying support was also visible from domestic institutions in the market, which is up 5.68% year-to-date (YTD).
More than 57% of the stocks extended gains with major movers being QNB, Commercial Bank, Qatari Investors Group, United Development Company (UDC), Barwa, Ezdan and Nakilat; even as Industries Qatar and Vodafone Qatar bucked the trend.
The 20-stock Total Return Index also gained 0.55% to 12,621.94 points, the All Share Index (comprising wider constituents) by 0.63% to 2,252.75 points and the Al Rayan Islamic Index by 0.31% to 2,685.87 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the insurance index gained the maximum of 1.85%, followed by banks and financial services (1.24%), real estate (0.60%), telecom (0.49%), transport (0.48%) and consumer goods (0.22%), while the industrials measure fell 0.19%.
Industrials, telecom, transport, consumer goods, insurance and banking sectors outperformed the key indices, gaining YTD 20.99%, 15.96%, 14.11%, 13.64%, 7.98% and 6.87% respectively. The realty index managed to drive back in positive trajectory as its index gained a wee 0.52%.
Market capitalisation rose 0.72%, or about QR4bn, to QR488.93bn with large, small and micro cap equities notably gaining 0.96%, 0.65% and 0.26% respectively.
Large, small and mid cap equities have gained YTD 6.08%, 5.14% and 4.95% respectively, while micro caps tanked 2.91%.
Of the 42 stocks, 24 advanced, while 14 declined, one was unchanged and three were not traded.
Foreign institutions’ net buying surged to 7.77% or QR26.09mn. A higher 24.50% of them bought equities against 19.18% on Sunday, whereas a marginally lower 16.73% offloaded compared to 17.32%.
Domestic institutions’ net selling sunk to 2.29% or QR7.69mn. A marginally higher 20.91% of them were into buying against 19.81% the previous day, while a lower 23.20% of them into selling compared to 25.33%.
Qatari individual investors turned net sellers to the tune of 1.62% or QR5.44mn. A lower 43.77% of them purchased equities against 46.28% on Sunday, whereas a higher 45.39% sold compared to 41.10%.
Non-Qatari individual investors’ net profit-booking rose to 3.85% or QR12.93mn. A lower 10.83% of them bought equities against 14.73% the previous day and a lower 14.68% sold compared to 16.26%.
Total trading volume was down 3% to 10.73mn shares, value by 1% to QR335.80mn and deals by 8% to 4,300.
The consumer goods and services sector’s trading volume plummeted 58% to 0.81mn shares, value by 31% to QR34.88mn and transactions by 31% to 423.
The insurance sector’s trading volume plunged 20% to 0.04mn shares, value by 17% to QR1.80mn and deals by 29% to 41.
The telecom sector’s trading volume tanked 14% to 0.55mn shares, value by 28% to QR8.75mn and transactions by 11% to 246.
However, the industrials sector’s trading volume surged 39% to 0.99mn shares, while value fell 28% to QR47.40mn and deals by 12% to 721.
The transport sector’s trading volume soared 13% to 0.96mn shares, whereas value shrank 5% to QR22.68mn and transactions by 20% to 453.
The real estate sector’s trading volume gained 8% to 5mn shares, value by 8% to QR96.02mn and deals by 1% to 1,066.
The banks and financial services sector’s trading volume was up 6% to 2.39mn shares, value by 29% to QR124.27mn and transactions by 6% to 1,350.
Actively traded stocks (in terms of volume) were UDC (4.08mn shares); Nakilat (792,514); Qatari Investors Group (749,701); Qatari German Company for Medical Devices (536,369) and Vodafone Qatar (513,972).
In the debt market, there was no trading of treasury bills.
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