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Mainly buoyed by industrials stocks, Qatar Exchange yesterday closed in the positive trajectory for the second day.
Foreign institutions’ lower selling pressure helped the 20-stock Qatar index (based on price data) add another 0.49% to 8,409.33 points amidst overall falling volumes.
Large, small and mid cap segments were most sought after in the market, which gained 0.6% year-to-date (YTD).
More than 52% of the stocks extended gains with major movers being QNB, Commercialbank, Alijarah Holding, Industries Qatar (IQ), Aamal Company, Gulf International Services, Ezdan Real Estate and Barwa; even as Vodafone Qatar bucked the trend.
The 20-stock Total Return Index also rose 0.49% to 12,010.89 points, All Share Index (comprising wider constituents) by 0.86% to 2,146.56 points and Al Rayan Islamic Index by 0.56% to 2,547.88 points. All the three indices factored in dividend income as well. Under the All Share Index category, the industrials index surged 2.04%, insurance (1.06%), banks and financial services (0.4%), real estate (0.4%) and transport (0l.3%); while that of telecom was down 0.08%.
Consumer goods, industrials, telecom, transport, banking and insurance sectors outperformed the key indices with them gaining YTD 13.82%, 12.4%, 11.63%, 5.49%, 2.57% and 1.58% respectively; even as realty index shrank 4.41%.
Market capitalisation expanded 1.14% or more than QR5bn to QR465.35bn with large, small and mid cap equities notably gaining 0.76%, 0.6% and 0.46% respectively.
Micro and small cap equities have reported 5.45% and 0.51% declines YTD; whereas mid and large caps gained 1.73% and 0.94% respectively.
Of the 42 stocks, 22 advanced, while only 10 declined and five were unchanged. Five others were not traded.
Domestic institutions’ net buying sunk to 0.16% or QR0.23mn. A higher 20.68% of them were into buying against 17.14% on Tuesday and a higher 20.52% of them into selling compared to 11.28%.
Foreign institutions turned net buyers to the tune of 6.48% or QR9.42mn. A lower 35.12% of them bought equities against 39.72% the previous day but a much lower 28.64% offloaded compared to 42.14%.
Qatari individual investors’ net selling shot up to 5.36% or QR7.79mn. A marginally higher 31.69% of them purchased equities against 30.24% on Tuesday and a higher 37.05% sold compared to 32.15%.
Non-Qatari individual investors’ net profit booking fell to 1.27% or QR1.85mn. A marginally lower 12.52% of them bought equities against 12.91% the previous day and a marginally lower 13.79% sold compared to 14.42%.
Total trading volume fell 23% to 3.17mn shares, value by 20% to QR145.37mn and deals by 9% to 2,734.
The telecom sector’s trading volume plunged 65% to 0.30mn shares, value by 73% to QR3.72mn and transactions by 48% to 112.
The transport sector’s trading volume plummeted 59% to 0.13mn shares, value by 57% to QR2.83mn and deals by 35% to 108.
The real estate sector’s trading volume tanked 44% to 0.56mn shares, value by 50% to QR11.01mn and transactions by 3% to 362.
The insurance sector’s trading volume declined 25% to 0.06mn shares, value by 25% to QR3.15mn and deals by 40% to 49.
However, the consumer goods and services sector’s trading volume surged 28% to 0.32mn shares, value by 12% to QR23.47mn and transactions by 75% to 384.
The industrials sector’s trading volume soared 17% to 0.76mn shares, whereas value shrank 25% to QR51.29mn and deals by 17% to 931.
The banks and financial services sector’s trading volume gained 5% to 1.03mn shares and value by 7% to QR49.89mn, while transactions were down 4% to 788.
Actively traded stocks (in terms of volume) were Barwa (322,720 shares); Aamal Company (311,570); Masraf Al Rayan (302,507); Vodafone Qatar (292,933) and IQ (237,003).
In the debt market, there was no trading of treasury bills.