The foreign institutions’ increased net buying on Tuesday lifted the Qatar Stock Exchange above 14,000 points.
A higher than average demand, especially at the insurance counter, led the 20-stock Qatar Index to gain 78 points or 0.56% to 14,005.7 points, recovering from an intraday low of 13,989 points.
The Islamic index was seen outperforming the main barometer and the other indices in the market, whose year-to-date gains were at 20.47%.
The Arab institutions turned net buyers in the bourse, whose capitalisation nevertheless saw 0.13% or more than QR1bn decrease to QR779.39bn, mainly on the back of mid and small cap segments.
Overall bullish sentiments prevailed despite more than 64% of the traded constituents ending in the red in the market, where the industrials and banking sectors together accounted for about 64% of the trading volume.
The Gulf individuals were increasingly net buyers, albeit at lower levels, in the bourse, which saw a total of 5,910 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR18,060 changed hands across two deals.
However, the domestic institutions were increasingly into net selling in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.56% to 28,576.19 points, the All Share Index by 0.17% to 4,459.69points and the Al Rayan Islamic Index (Price) by 0.68% to 3,003.03 points.
The insurance sector index rose 0.92%, industrials (0.28%), banks and financial services (0.26%) and real estate (0.14%); while transport declined 1.14%, telecom (0.19%) and consumer goods and services (0.15%).
Major gainers in the main market included Qatar Islamic Bank, Mannai Corporation, QIIB, Masraf Al Rayan, Qatar Insurance, Industries Qatar and Barwa; while in the venture market, it was Al Faleh Educational Holding, which saw its shares appreciate in value.
Nevertheless, Investment Holding Group, Zad Holding, Dlala, Qatari German Medical Devices, Inma Holding, QNB, Doha Bank, Ahlibank Qatar, Medicare Group, Aamal Company, Qamco, Milaha and Nakilat were among the losers in the main market.
In the juniour bourse, Mekdam Holding saw its shares depreciate in value.
The foreign funds’ net buying increased substantially to QR124.78mn compared to QR29.03mn on April 18.
The Arab institutions turned net buyers to the tune of QR0.48mn against net sellers of QR0.02mn the previous day.
The Gulf individuals’ net buying grew marginally to QR0.27mn compared to QR0.19mn on Monday.
However, the domestic funds’ net selling shot up substantially to QR101.89mn against QR26.4mn on April 18.
Qatari individuals’ net selling strengthened perceptibly to QR20.15mn compared to QR12.07mn the previous day.
The Arab individuals’ net profit booking expanded markedly to QR4.06mn against QR1.42mn on Monday.
The foreign individuals turned net sellers to the tune of QR2.55mn compared with net buyers of QR1.86mn on April 18.
The Gulf institutions’ net buying weakened noticeably to QR3.13mn against QR8.84mn the previous day.
Total trade volume in the main market rose 16% to 178.33mn shares, value by 54% to QR778.34mn and transactions by 34% to 18,993.
The insurance sector’s trade volume almost tripled to 5.16mn equities and value more than tripled to QR17.58mn on almost-tripled deals to 401.
The industrials sector’s trade volume more than doubled to 70.35mn stocks and value almost doubled to QR246.04mn on an 88% increase in transactions to 5,238.
The market witnessed an 81% surge in the transport sector’s trade volume to 5.4mn shares and 77% in value to QR25.31mn on more-than-tripled deals to 1,275.
The banks and financial services sector’s trade volume shot up 10% to 48.56mn equities, value by 66% to QR378.79mn and transactions by 5% to 8,801.
However, there was a 37% plunge in the consumer goods and services sector’s trade volume to 35.29mn stocks and 21% in value to QR81.93mn but on 15% jump in deals to 1,750.
The telecom sector’s trade volume tanked 14% to 1.1mn shares, whereas value zoomed 67% to QR5.76mn on almost tripled transactions to 433.
The real estate sector reported a 1% shrinkage in trade volume to 12.47mn equities and 1% in value to QR22.93mn but on 40% growth in deals to 1,095.
In the venture market, trade volumes declined 66.67% to 0.02mn stocks, value by 67.5% to QR0.13mn and transactions by 66.67% to 14.
A higher than average demand, especially at the insurance counter, led the 20-stock Qatar Index to gain 78 points or 0.56% to 14,005.7 points, recovering from an intraday low of 13,989 points.
The Islamic index was seen outperforming the main barometer and the other indices in the market, whose year-to-date gains were at 20.47%.
The Arab institutions turned net buyers in the bourse, whose capitalisation nevertheless saw 0.13% or more than QR1bn decrease to QR779.39bn, mainly on the back of mid and small cap segments.
Overall bullish sentiments prevailed despite more than 64% of the traded constituents ending in the red in the market, where the industrials and banking sectors together accounted for about 64% of the trading volume.
The Gulf individuals were increasingly net buyers, albeit at lower levels, in the bourse, which saw a total of 5,910 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR18,060 changed hands across two deals.
However, the domestic institutions were increasingly into net selling in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.56% to 28,576.19 points, the All Share Index by 0.17% to 4,459.69points and the Al Rayan Islamic Index (Price) by 0.68% to 3,003.03 points.
The insurance sector index rose 0.92%, industrials (0.28%), banks and financial services (0.26%) and real estate (0.14%); while transport declined 1.14%, telecom (0.19%) and consumer goods and services (0.15%).
Major gainers in the main market included Qatar Islamic Bank, Mannai Corporation, QIIB, Masraf Al Rayan, Qatar Insurance, Industries Qatar and Barwa; while in the venture market, it was Al Faleh Educational Holding, which saw its shares appreciate in value.
Nevertheless, Investment Holding Group, Zad Holding, Dlala, Qatari German Medical Devices, Inma Holding, QNB, Doha Bank, Ahlibank Qatar, Medicare Group, Aamal Company, Qamco, Milaha and Nakilat were among the losers in the main market.
In the juniour bourse, Mekdam Holding saw its shares depreciate in value.
The foreign funds’ net buying increased substantially to QR124.78mn compared to QR29.03mn on April 18.
The Arab institutions turned net buyers to the tune of QR0.48mn against net sellers of QR0.02mn the previous day.
The Gulf individuals’ net buying grew marginally to QR0.27mn compared to QR0.19mn on Monday.
However, the domestic funds’ net selling shot up substantially to QR101.89mn against QR26.4mn on April 18.
Qatari individuals’ net selling strengthened perceptibly to QR20.15mn compared to QR12.07mn the previous day.
The Arab individuals’ net profit booking expanded markedly to QR4.06mn against QR1.42mn on Monday.
The foreign individuals turned net sellers to the tune of QR2.55mn compared with net buyers of QR1.86mn on April 18.
The Gulf institutions’ net buying weakened noticeably to QR3.13mn against QR8.84mn the previous day.
Total trade volume in the main market rose 16% to 178.33mn shares, value by 54% to QR778.34mn and transactions by 34% to 18,993.
The insurance sector’s trade volume almost tripled to 5.16mn equities and value more than tripled to QR17.58mn on almost-tripled deals to 401.
The industrials sector’s trade volume more than doubled to 70.35mn stocks and value almost doubled to QR246.04mn on an 88% increase in transactions to 5,238.
The market witnessed an 81% surge in the transport sector’s trade volume to 5.4mn shares and 77% in value to QR25.31mn on more-than-tripled deals to 1,275.
The banks and financial services sector’s trade volume shot up 10% to 48.56mn equities, value by 66% to QR378.79mn and transactions by 5% to 8,801.
However, there was a 37% plunge in the consumer goods and services sector’s trade volume to 35.29mn stocks and 21% in value to QR81.93mn but on 15% jump in deals to 1,750.
The telecom sector’s trade volume tanked 14% to 1.1mn shares, whereas value zoomed 67% to QR5.76mn on almost tripled transactions to 433.
The real estate sector reported a 1% shrinkage in trade volume to 12.47mn equities and 1% in value to QR22.93mn but on 40% growth in deals to 1,095.
In the venture market, trade volumes declined 66.67% to 0.02mn stocks, value by 67.5% to QR0.13mn and transactions by 66.67% to 14.