By Santhosh V Perumal/Business Reporter
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Foreign institutions were increasingly bullish on the QE yesterday as their net buying surged to 7.95% from 3.20% the previous day |
Domestic institutions were active, but their foreign counterparts reduced their exposure as the 20-stock index rose 27 points to 8,361.07.
The market is however down 3.69% year-to-date.
Commercialbank (Cb), Doha Bank, Industries Qatar and Qatar Telecom were among the prime gainers.
The industrial index gained 0.58%, followed by services (0.42%) and banks (0.21%); while insurance was unchanged.
Market capitalisation was up 0.25% or more than QR1bn to QR445.08bn with micro, mid and large cap equities notably gaining 1.33%, 0.46% and 0.32% respectively.
Of the 42 stocks, 25 advanced, while only eight declined, seven were unchanged and two were not traded.
Foreign institutions were increasingly bullish as their net buying surged to 7.95% from 3.20% the previous day.
A much lower 26.12% of them were into buying compared to 40.06% on Wednesday and a much lower 18.17% were into selling against 36.86%.
Domestic institutions continued to be turned profit-takers but with lesser intensity as their net selling fell to 3.08% from 4.14% the previous day.
A much higher 36.14% of them bought equities against 19.91% on Wednesday and a much higher 39.22% of them also sold compared to 24.05%.
Qatari individual investors turned bearish as they were net sellers to the tune of 4.58% against net buyers of 3.01% the previous day.
A lower 29.68% of them purchased equities against 31.78% on Wednesday whereas a higher 34.26% sold compared to 28.77%.
Non-Qatari retail investors continued to be bearish but with lesser vigour as their net selling sunk to 0.29% from 2.07% the previous day.
A marginally lower 8.06% of them were into buying compared to 8.25% on Wednesday and a lower 8.35% were into offloading against 10.32%.
Total trading volume fell 39% to 5.10mn equities, value by 31% to QR194.12mn and deals by 17% to 3,139.
The banks’ trading volume plummeted 41% to 1.61mn equities, value by 27% to QR87.82mn and transactions by 21% to 1,373.
The services sector’s trading volume plunged 41% to 3.09mn shares, value by 36% to QR84.70mn and deals by 18% to 1,360.
The insurance sector’s trading volume gained 50% to 0.03mn shares, value by 28% to QR1.15mn and transactions by 24% to 36.
The industrial sector witnessed a 16% rise in trading volume to 0.37mn shares whereas value fell 30% to QR20.45mn. Deals were up 6% to 370.
Actively traded stocks (in terms of volume) were Barwa (1.56mn shares); Nakilat (673,996); Masraf Al Rayan (581,224); Cb (381,105) and Gulf International Services (186,745).