Business Reporter
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| Non-Qatari retail investors were largely instrumental in lifting the QE’s 20-stock benchmark by 57 points to 8,127.54 points yesterday |
Non-Qatari retail investors were largely instrumental in lifting the 20-stock benchmark by 57 points to 8,127.54 points.
The market is however down 6.38% year-to-date.
Doha Bank, Masraf Al Ryan, Nakilat and Barwa were among the prime gainers.
The insurance index gained the maximum of 1.78%, followed by services (1.17%), banks (0.48%) and industry (0.45%).
Market capitalisation rose 1.01% or more than QR4bn to QR431.79bn with small, mid, large and micro cap equities gaining 1.21%, 0.98%, 0.58% and 0.54% respectively.
Of the 42 stocks, 29 advanced, while only five declined and eight were unchanged.
Non-Qatari retail investors turned bullish as they were net buyers to the tune of 10.64% compared with net sellers of 2.63% the previous day.
A higher 18.27% of them were into buying against 9.91% on Tuesday whereas a lower 7.63% were into offloading compared to 12.54%.
Qatari individual investors continued to be bullish but with lesser intensity as their net buying sunk to 3.35% from 5.60% the previous day.
A lower 35.70% of them purchased equities against 38.10% on Tuesday and a marginally lower 32.35% sold compared to 32.50%.
Foreign institutions’ bearish grip weakened as their net selling fell to 14.32% from 15.82% the previous day.
A higher 19.32% of them were into buying compared to 14.44% on Tuesday and a higher 33.64% were into selling against 30.26%.
Domestic institutions’ bullish grip considerably slackened as their net buying plunged to 0.33% from 12.85% the previous day.
A lower 26.71% of them bought equities against 37.55% on Tuesday whereas a higher 26.38% of them sold compared to 24.70%.
Total trading volume shrank 40% to 8.83mn equities, value by 38% to QR383.85mn and deals by 27% to 5,513.
The industrial sector’s trading volume plummeted 63% to 0.72mn shares, value by 58% to QR75.10mn and transactions by 41% to 813.
The insurance sector’s trading volume plunged 44% to 0.05mn shares and value by 51% to QR2.81mn, but deals rose 17% to 96.
The services sector’s trading tanked 41% to 4.28mn shares, value by 29% to QR142.80mn and transactions by 29% to 2,541.
Banks’ trading volume fell 32% to 3.77mn equities, value by 29% to QR163.13mn and deals by 19% to 2,063.
Actively traded stocks (in terms of volume) were Rayan (2.04mn shares); Barwa (1.75mn); Nakilat (842,485); Industries Qatar (538,199) and al khaliji (505,295).