The Qatar Stock Exchange on Monday continued to maintain positive rally, albeit at lower levels, mainly on higher buying interests of Gulf and foreign funds and weakened net selling by local retail investors.

Robust buying interests especially at the consumer goods and telecom counters however translated into a 0.02% increase in the 20-stock Qatar Index to 9,157.57 points.
Doha Bank and Masraf Al Rayan sponsored exchange traded funds QETF and QATR witnessed 0.29% and 0.68% gains respectively.
However, domestic funds as well as Gulf and non-Qatari individuals turned net sellers in the market, which is up 7.44% year-to-date.
Midcap segments witnessed some buying interests in the bourse, whose capitalisation was up 0.05% to QR511.97bn.
Trade turnover and volumes were on the increase in the market, where the telecom, banking and industrials sectors together accounted for more than 81% of the total volume.
The Total Return Index rose 0.02% to 16,134.62 points and the All Share Index by 0.15% to 2,726.99 points, while the Al Rayan Islamic Index (Price) was down 0.03% to 2,278.95 points.
The consumer goods index soared 1.79%, followed by telecom (1.43%), industrials (0.46%), insurance (0.35%) and realty (0.03%); whereas banks and financial services declined 0.36% and transport 0.05%.
Major gainers included Woqod, Vodafone Qatar, Gulf Warehousing, Salam International Investment, Qatari Investors Group and Qatar Electricity and Water; even as Aamal Company, Masraf Al Rayan, Zad Holding, Qatari German Company for Medical Devices, Mesaieed Petrochemical Holding, Nakilat and Qatar Oman Investment were among the losers.
Gulf institutions’ net buying strengthened considerably to QR12.99mn compared to QR1.44mn on April 22.
Non-Qatari institutions’ net buying increased marginally to QR4.87mn against QR3.05mn the previous day.
Local individuals’ net profit-booking weakened significantly to QR6.4mn compared to QR16.21mn on Sunday.
However, domestic institutions turned net sellers to the tune of QR7.86mn against net buyers of QR6.58mn on April 22.
Non-Qatari individuals were net sellers to the extent of QR1.81mn compared with net buyers of QR3.41mn the previous day.
The Gulf individuals turned net profit takers to the tune of QR1.75mn against net buyers of QR1.73mn on Sunday.
Total trade volume rose 15% to 14.17mn shares, value by 42% to QR318.28mn and transactions by 38% to 4,200.
The banks and financial services sector’s trade volume more than doubled to 3.17mn equities and value more than doubled to QR104.77mn on almost-doubled-deals to 1,367.
The insurance sector’s trade volume doubled to 0.22mn stocks and value also doubled to QR7.53mn on more-than-doubled transactions to 187.
The telecom sector reported a 64% surge in trade volume to 6.03mn shares and 66% in value to QR63.3mn on more-than-doubled deals to 728.
The transport sector’s trade volume soared 59% to 0.51mn equities, value by 82% to QR11.06mn and transactions by 42% to 287.
The market witnessed an 18% jump in the consumer goods sector’s trade volume to 0.52mn stocks, 8% in value to QR34.83mn and 30% in deals to 437.
However, the industrials sector’s trade volume plummeted 49% to 2.28mn shares, value by 5% to QR75.92mn and transactions by 19% to 724.
There was a 19% decline in the real estate sector’s trade volume to 1.44mn equities, 6% in value to QR20.87mn and 10% in deals to 470.
In the debt market, there was no trading of treasury bills and sovereign bonds.

 

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