Business Reporter
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| Both local retail and institutions continued to be bullish but with lesser vigour as the QE’s 20-stock benchmark added just nine points to close at 8,116.15 yesterday. The banking index rose 0.36 |
Both local retail and institutions continued to be bullish but with lesser vigour as the 20-stock benchmark added nine points to close at 8,116.15.
The market is down 6.51% year-to-date.
The banking index rose 0.36%; while the indices of insurance, industry and services fell 1.12%, 0.22% and 0.11% respectively.
Market capitalisation surged 1.22% or more than QR5bn to QR436.39bn with mid and large cap equities gaining 0.46% and 0.43%. Micro and small caps lost 0.45% and 0.28% respectively.
Of the 42 stocks, 21 advanced, while 15 declined, one was unchanged and five were not traded.
Qatari individual investors continued to be bullish but with lesser intensity as their net buying fell to 0.81% from 2.97% the previous trading day.
A higher 46.39% of them purchased equities against 39.14% last Thursday and a higher 45.58% sold compared to 36.17%.
Domestic institutions’ bullish grip weakened as their net buying sunk up to 3.82% from 8.24% the previous day.
A much lower 24.84% of them bought equities against 39.09% last Thursday and a lower 21.02% of them sold compared to 30.85%.
Non-Qatari retail investors turned profit-takers as they were net sellers to the tune of 2.14% against net buyers of 0.41% the previous day.
A higher 17.01% of them were into buying against 11.39% last Thursday and a higher 19.15% were into offloading compared to 10.98%.
Foreign institutions continued to be bearish but with lesser intensity as their net selling fell to 2.48% from 11.63% the previous day.
A marginally higher 11.77% of them were into buying compared to 10.38% last Thursday whereas lower 14.25% were into selling against 22.01%.
Total trading volume was rather flat at 5.85mn equities as value fell 19% to QR204.77mn and deals by 8% to 4,003.
The insurance sector’s trading volume plummeted 78% to 0.02mn shares, value by 68% to QR1.21mn and transactions by 46% to 43.
The industrial sector’s volume plunged 25% to 0.52mn shares, value by 57% to QR28.90mn and deals by 38% to 407.
The banks’ trading volume was down 7% to 1.73mn equities, value by 17% to QR73.82mn and transactions by 7% to 1,359.
However, services sector trading gained 12% to 3.58mn shares, value by 8% to QR100.84mn and deals by 2% to 2,194.
Actively traded stocks (in terms of volume) were Barwa (1.71mn shares); Masraf Al Rayan (1.07mn); Mawashi (477,806); Nakilat (430,958) and Gulf International Services (306,561).