Business Reporter
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| The Qatar Exchange will remain closed for Eid holidays from today until Thursday. It will reopen on Sunday |
Domestic institutions and foreign retail investors were seen exerting bullish momentum as the 20-stock benchmark rose 0.75% or 62 points to 8,351.77.
The market is, however, down 3.80% year-to-date.
The bourse will remain closed for Eid holidays from today until Thursday. It will reopen on Sunday.
The services index gained the maximum of 0.90%, followed by banks (0.72%), insurance (0.63%) and industry (0.55%).
Commercialbank, QNB, Masraf Al Rayan, Industries Qatar (IQ) and Nakilat were among the prime gainers.
Market capitalisation rose 0.62% or about QR3bn to QR438.69bn with large, mid and small cap equities gaining 0.72%, 0.70% and 0.65% respectively.
Of the 42 stocks, 29 advanced, while nine declined and two were unchanged. Two others were not traded.
Domestic institutions’ bullish grip marginally gained as their net buying rose to 1.58% from 1.56% the previous day.
A higher 35.06% of them bought equities against 30.85% on Sunday although a higher 33.48% of them sold compared to 29.29%.
Non-Qatari retail investors turned bullish as they were net buyers to the tune of 1.12% against net sellers of 5.43% the previous day.
A marginally higher 12.66% of them were into buying compared to 11.49% on Sunday while a lower 11.54% were into offloading against 16.92%.
Qatari individual investors turned profit-takers as they were net sellers to the extent of 0.73% compared with net buyers of 2.50% the previous day.
A much lower 33.28% of them purchased equities compared to 43.89% on Sunday and a lower 34.01% sold against 41.39%.
Foreign institutions turned bearish as they were net sellers to the tune of 1.97% compared with net buyers of 1.38% in the previous day.
A higher 19% of them were into buying compared to 13.77% on Sunday and a higher 20.97% were into selling against 12.39%.
Total trading volume rose 14% to 7.92mn equities, value by 18% to QR300.71mn and deals more than doubled to 4,769.
Banks’ trading volume shot up 41% to 3.72mn equities, value by 33% to QR132.79mn and transactions by 16% to 1,706.
However, the insurance sector’s trading volume plunged 38% to 0.08mn shares whereas value rose 58% to QR6.02mn. Deals were down 33% to 54.
The industrial sector’s trading volume lost 5% to 0.84mn shares but value soared 22% to QR76.15mn. Transactions shrank 3% to 764.
The services sector’s trading volume fell less than 1% to 3.28mn shares, value by 4% to QR85.74mn and deals by 4% to 2,245.
Actively traded stocks (in terms of volume) were Rayan (2.85mn shares); Mawashi (726,937); Nakilat (690,433); IQ (563,529) and Barwa (536,705).