 |
| Visitors stand at the information desks inside the Qatar Exchange in Doha (file). Qatari individual investors turned bullish yesterday as they were net buyers to the tune of 2.54% against net sellers of 12.20% the previous day |
The strong penchant for buying, especially in consumer goods and industrials, yesterday lifted the Qatar Exchange. Local retail investors were seen exerting some bullish momentum as the QE Index (based on price data) rose 0.14% to 8,295.03 points.
The market is, however, down 5.51% year-to-date.
The All Share Index (comprising wider constituents) and the Total Return Index were up 0.21% and 0.14% to 1,998.57 and 11,226.17 points respectively. Both the indices factored in dividend income as well.
Among the gainers were Dlala, Qatari Investors Group, Mazaya Qatar and Nakilat; even as United Development Company, Barwa, Vodafone Qatar and Gulf Warehousing bucked the trend.
Under the All Share Index category, the indices of consumer goods, industrials and banks rose 1.38%, 0.67% and 0.12%; whereas those of realty, telecom, transport and insurance fell 0.53%, 0.25%, 0.08% and 0.03% respectively.
Market capitalisation was up 0.18% or QR83mn to QR454.71bn with micro, mid and large cap equities notably gaining 0.63%, 0.52% and 0.17% respectively.
Of the 42 stocks, 22 advanced, while 14 declined and three were unchanged. Three others were not traded.
Qatari individual investors turned bullish as they were net buyers to the tune of 2.54% against net sellers of 12.20% the previous day. Their net buying amounted to QR3.87mn.
A higher 53.91% of them purchased equities compared to 50.40% on Sunday, while a much lower 51.37% sold against 62.60%.
Non-Qatari retail investors continued to be bearish, but with lesser intensity, as their net selling fell to 0.93% from 1.94% the previous day. Their net selling was worth QR1.42mn.
A marginally lower 18.93% of them were into buying against 19.65% on Sunday and a lower 19.86% were into offloading against 21.59%.
Domestic institutions’ bullish grip considerably eased as their net buying sunk to 0.95% from 15.38% the previous day. Their net buying was worth QR1.45mn.
A lower 12.70% of them bought equities compared to 21.99% on Sunday, while a higher 11.75% offloaded against 6.61%.
Foreign institutions were increasingly profit-takers as their net selling rose to 2.55% from 1.25% the previous day. Their net selling was worth QR3.88mn.
A higher 14.47% of them were into buying against 7.96% on Sunday and a higher 17.02% of them into selling compared to 9.21%.
Total trading volume rose 10% to 4.82mn equities, value by 9% to QR152.31mn and deals by 19% to 2,951.
The telecom sector’s trading volume surged 76% to 0.37mn shares and value by 80% to QR5.55mn, whereas transactions lost 19% to 139.
The banks and financial services sector’s trading volume shot up 63% to 1.79mn shares, value by 29% to QR66.05mn and deals by 52% to 1,027.
The industrials sector’s trading volume increased 60% to 0.83mn shares, value by 88% to QR32.55mn and transactions by 29% to 511.
The transport sector’s trading volume was up 7% to 0.44mn shares, while value fell 4% to QR10.62mn but transactions gained 24% to 352.
However, the insurance sector’s trading volume plummeted 50% to 0.01mn shares, value by 46% to QR0.56mn and deals by 10% to 26.
The real estate sector’s trading volume plunged 41% to 0.88mn shares, value by 41% to QR14.83mn and transactions by 23% to 401.
The consumer goods and services sector’s trading volume tanked 23% to 0.50mn shares and value by 29% to QR22.13mn, while deals rose 25% to 495.
Actively traded stocks (in terms of volume) were Qatari Investors Group (692,521 shares); Masraf Al Rayan (555,916); Mazaya Qatar (547,980); Qatar Oman Investment (369,728) and Vodafone Qatar (344,279).
In the debt market, there was no trading.