The Qatar Stock Exchange on Tuesday witnessed gainers outnumber decliners and four of the seven sectors under bullish spell, yet its key barometer settled largely flat.
Profit booking in some banking, transport and industrials sectors was to a great extend contained by buying interests in real estate and insurance counters as the 20-stock Qatar Index settled at 10,336.3 points.
The market opened weak, after which it had been through a roller-caster drive with occasional spikes, which touched an intra-day high of 10,360 points before settling mere 0.06 points down against the previous close.
Increased selling was visible within Qatari retail investors and domestic institutions and there was lower buying support from Gulf retail investors in the market, whose year-to-date losses were at 0.96%.
Small cap equities witnessed stronger selling on the bourse, which also saw lower buying support from foreign institutions.
Islamic stocks were seen outperforming the main index as well as other indices on the bourse, which saw increased buying support from Gulf institutions and lower net selling by non-Qatari individual investors.
Trade turnover and volumes were on the increase in the market, where telecom and banking sectors together accounted for about 82% of the total volumes.
Market capitalisation, however, gained QR68mn or 0.12% to QR556.27bn as micro and large cap equities rose 0.39% and 0.07%, while small and midcaps fell 0.71% and 0.06% respectively.
The Total Return Index rose 0.12% to 17,333.36 points, All Share Index by 0.15% to 2,938.93 points and Al Rayan Islamic Index by 0.27% to 4,159.88 points.
The transport and industrials sectors saw their indices shrink 0.68% and 0.39% respectively; whereas realty gained 0.61%, insurance (0.38%), banks and financial services (0.31%), consumer goods (0.25%) and telecom (0.13%).
Major losers included Aamal Company, Commercial Bank, Ahli Bank, Qatari Investors Group, Qatar Electricity and Water, Industries Qatar, Gulf International Services, Al Khaleej Takaful, Ooredoo, Milaha, Nakilat, Alijarah Holding and Qatari German Company for Medical Devices.
Nevertheless, QNB, Vodafone Qatar, Qatar Islamic Bank, Doha Bank, Mesaieed Petrochemical Holding, Qatar Insurance, Qatar Islamic Insurance, Ezdan, Gulf Warehousing and Dlala were among the gainers.
Local retail investors turned net sellers to the tune of QR1.22mn compared with net buyers of QR0.19mn on Monday.
Domestic institutions’ net profit booking increased perceptibly to QR2.24mn against QR0.93mn the previous day.
Non-Qatari institutions’ net buying weakened considerably to QR1.07mn compared to QR5.2mn on April 17.
The GCC (Gulf Cooperation Council) retail investors’ net buying also declined to QR0.52mn against QR1.84mn on Monday.
However, the GCC institutions’ net buying strengthened influentially to QR4.06mn compared to QR0.97mn the previous day.
Non-Qatari individual investors’ net profit booking fell substantially to QR2.13mn against QR7.29mn on Monday.
Total trade volumes rose 37% to 10.68mn shares, value by 59% to QR226.73mn and deals by 55% to 3,341.
The insurance sector’s trade volume grew 27-fold to 0.08mn equities and value by 75-fold to QR5.24mn on more than eight-fold jump in transactions to 83.
The industrials sector’s trade volume more than doubled to 0.48mn stocks and value almost tripled to QR27.92mn on more than doubled deals to 676.
The telecom sector’s trade volume more than doubled to 4.79mn shares and value also more than doubled to QR54.12mn on more than tripled transactions to 653.
There was 78% surge in the consumer goods sector’s trade volume to 0.16mm equities to more than double value to QR14.05mn on 56% increase in deals to 285.
The banks and financial services sector’s trade volume soared 19% to 3.93mn stocks, value by 54% to QR94.49mn and transactions by 15% to 1,148.
However, the real estate sector reported 44% plunge in trade volume to 1mn shares, 49% in value to QR17.7mn and 25% in deals to 255.
The transport sector’s trade volume was down 4% to 0.25mn equities but value rose 65% to QR13.21mn on more than doubled transactions to 241.
In the debt market, there was no trading of treasury bills and government bonds.
The market opened weak, after which it had been through a roller-caster drive with occasional spikes, which touched an intra-day high of 10,360 points before settling mere 0.06 points down against the previous close.
Increased selling was visible within Qatari retail investors and domestic institutions and there was lower buying support from Gulf retail investors in the market, whose year-to-date losses were at 0.96%.
Small cap equities witnessed stronger selling on the bourse, which also saw lower buying support from foreign institutions.
Islamic stocks were seen outperforming the main index as well as other indices on the bourse, which saw increased buying support from Gulf institutions and lower net selling by non-Qatari individual investors.
Trade turnover and volumes were on the increase in the market, where telecom and banking sectors together accounted for about 82% of the total volumes.
Market capitalisation, however, gained QR68mn or 0.12% to QR556.27bn as micro and large cap equities rose 0.39% and 0.07%, while small and midcaps fell 0.71% and 0.06% respectively.
The Total Return Index rose 0.12% to 17,333.36 points, All Share Index by 0.15% to 2,938.93 points and Al Rayan Islamic Index by 0.27% to 4,159.88 points.
The transport and industrials sectors saw their indices shrink 0.68% and 0.39% respectively; whereas realty gained 0.61%, insurance (0.38%), banks and financial services (0.31%), consumer goods (0.25%) and telecom (0.13%).
Major losers included Aamal Company, Commercial Bank, Ahli Bank, Qatari Investors Group, Qatar Electricity and Water, Industries Qatar, Gulf International Services, Al Khaleej Takaful, Ooredoo, Milaha, Nakilat, Alijarah Holding and Qatari German Company for Medical Devices.
Nevertheless, QNB, Vodafone Qatar, Qatar Islamic Bank, Doha Bank, Mesaieed Petrochemical Holding, Qatar Insurance, Qatar Islamic Insurance, Ezdan, Gulf Warehousing and Dlala were among the gainers.
Local retail investors turned net sellers to the tune of QR1.22mn compared with net buyers of QR0.19mn on Monday.
Domestic institutions’ net profit booking increased perceptibly to QR2.24mn against QR0.93mn the previous day.
Non-Qatari institutions’ net buying weakened considerably to QR1.07mn compared to QR5.2mn on April 17.
The GCC (Gulf Cooperation Council) retail investors’ net buying also declined to QR0.52mn against QR1.84mn on Monday.
However, the GCC institutions’ net buying strengthened influentially to QR4.06mn compared to QR0.97mn the previous day.
Non-Qatari individual investors’ net profit booking fell substantially to QR2.13mn against QR7.29mn on Monday.
Total trade volumes rose 37% to 10.68mn shares, value by 59% to QR226.73mn and deals by 55% to 3,341.
The insurance sector’s trade volume grew 27-fold to 0.08mn equities and value by 75-fold to QR5.24mn on more than eight-fold jump in transactions to 83.
The industrials sector’s trade volume more than doubled to 0.48mn stocks and value almost tripled to QR27.92mn on more than doubled deals to 676.
The telecom sector’s trade volume more than doubled to 4.79mn shares and value also more than doubled to QR54.12mn on more than tripled transactions to 653.
There was 78% surge in the consumer goods sector’s trade volume to 0.16mm equities to more than double value to QR14.05mn on 56% increase in deals to 285.
The banks and financial services sector’s trade volume soared 19% to 3.93mn stocks, value by 54% to QR94.49mn and transactions by 15% to 1,148.
However, the real estate sector reported 44% plunge in trade volume to 1mn shares, 49% in value to QR17.7mn and 25% in deals to 255.
The transport sector’s trade volume was down 4% to 0.25mn equities but value rose 65% to QR13.21mn on more than doubled transactions to 241.
In the debt market, there was no trading of treasury bills and government bonds.
