Qatar Stock Exchange added QR11bn in capitalisation yesterday as the 20-stock Qatar Index surged 2.06% to 12,384.24 points on rising volumes.

 By Santhosh V Perumal/Business Reporter

 

 

The Qatar Stock Exchange yesterday inched near the 12,300 mark, gaining 250 points for the second consecutive day, mainly lifted by telecom, transport, realty and banks.

There was also a more than QR11bn addition in capitalisation as the 20-stock Qatar Index (based on price data) surged 2.06% to 12,384.24 points on rising volumes.

About 74% of the traded stocks returned positive gains to investors in the market, which is up 19.31% year-to-date.

Local retail investors were seen exerting net selling pressure and domestic institutions’ buying support weakened.

The index that tracks Shariah-principled stocks was seen gaining faster than the other indices in the market, where trading volumes were skewed towards real estate, telecom and bank stocks.

Market capitalisation expanded 1.71% to QR678.14bn. Mid, large, micro and small cap equities gained 2.79%, 2%, 1.13% and 0.6% respectively.

The 20-stock Total Return Index rose 2.06% to 18,470.98 points, All Share Index (with wider constituents) by 1.68% to 3,145.78 and Al Rayan Islamic Index by 2.37% to 4,120.14. All the three indices factored in dividend income as well.

Telecom stocks appreciated 3.95%, transport (3.26%), real estate (2.92%), banks and financial services (2.5%), consumer goods (1.48%) and insurance (0.45%); while industrials fell 0.61%.

Foreign institutions turned net buyers to the tune of QR7.88mn compared with net sellers of QR73.09mn the previous day.

Domestic institutions’ net buying fell to QR15.58mn against QR73.04mn on Tuesday.

Non-Qatari individual investors turned net buyers to the extent of QR7.5mn against net profit takers of QR23.35mn the previous day.

However, local retail investors turned net sellers to the tune of QR30.96mn compared with net buyers of QR23.35mn on Tuesday.

Influential gainers included Qatar Islamic Bank, International Islamic, Ezdan, Vodafone Qatar, Nakilat, Mazaya Qatar, Barwa, Masraf Al Rayan, Ooredoo and Qatar Electricity and Water.

However, Industries Qatar, Qatar National Cement, Aamal Company, Dlala and Widam Food bucked the trend.

Vodafone Qatar, Ezdan, Masraf Al Rayan and Barwa were the most active in terms of both volume and value respectively.

Total trading volume rose 22% to 25.43mn stocks, value by 12% to QR949.8mn and transactions by 2% to 10,172.

The insurance sector’s trading volume more than doubled to 0.5mn equities and value almost tripled to QR29.57mn on more than doubled deals to 284.

The telecom sector saw its trading volume surge 72% to 6.41mn shares and value by 23% to QR134.96mn but on 1% fall in transactions to 1,309.

There was a 56% expansion in the transport sector’s trading volume to 1.28mn stocks, 26% in value to QR35.01mn and 11% in deals to 424.

The real estate sector’s trading volume soared 28% to 8.13mn equities, value by 23% to QR190.86mn and transactions by 37% to 2,577.

However, the market witnessed 21% plunge in the industrials sector’s trading volume to 1.55mn shares, 8% in value to QR111.87mn and 26% in deals to 1,547.

The consumer goods sector’s trading volume declined 6% 1.42mn stocks, while value gained 40% to QR60.91mn and transactions by 31% to 793.

The banks and financial services sector’s trading volume was down 3% to 6.14mn equities but value rose 2% to QR386.62mn. Deals fell 9% to 3,238.

In the debt market, there was no trading of treasury bills and government bonds.

 

Vodafone Qatar Q1 results on July 22

 

Vodafone Qatar will announce its first quarter results (for the quarter that ended in June) following a meeting of its Board of Directors on July 22.

Results will be publicly available on the afternoon that day on Vodafone Qatar’s website at www.vodafone.qa and on the Qatar Exchange website www.qe.com.qa