By Santhosh V. Perumal/Business Reporter

Qatar Stock Exchange exhibited resiliency on Sunday as it gained a sizeable 146 points, after suffering heavy losses, especially in the previous two sessions.

Telecom, consumer goods and industrials sectors witnessed heavy buying interests that the 20-stock Qatar Index surged 1.23% to 12,048.26 points and capitalisation gained about QR9bn.

Local and non-Qatari retail investors were net buyers in the bourse, which is, however, down 1.93% down year-to-date.

Large and mid-cap equities saw strong buying support in the market, where trading was largely skewed towards realty, telecom and banking sectors, whose stocks together accounted for more than 83% of the overall volume.

Market capitalisation expanded 1.39% to QR642.56bn with large, mid, small and micro cap equities gaining 1.48%, 1.1%, 0.96% and 0.59% respectively.

The Total Return Index rose 1.23% to 18,723.63 points, All Share Index by 1.13% to 3,219.84 points and Al Rayan Islamic Index by 1.56% to 4,599.65 points.

Telecom stocks appreciated 7.76%, consumer goods (1.55%), industrials (1.44%), banks and financial services (1%) and transport (0.51%); while insurance and realty fell 0.41% and 0.08% respectively.

About 72% of the stocks extended gains to investors with major movers being Vodafone Qatar, Ooredoo, Industries Qatar, Aamal Company, Al Meera, QNB, Commercial Bank, QIIB, Masraf Al Rayan, Alijarah Holding, Gulf International Services, Barwa and United Development Company.

However, Ezdan, Mazaya Qatar, Qatar Islamic Bank, al khaliji, Qatar Insurance and Nakilat were seen bucking the trend.

Local retail investors’ net buying stood at QR45.86mn against QR146.9mn the previous trading day.

Domestic institutions’ net selling amounted to QR18.36mn compared to QR1.04bn on May 28.

Non-Qatari individual investors’ net buying was QR14.59mn against QR37.93mn last Thursday.

Non-Qatari institutions were net sellers to the tune of QR22.24mn compared with net buyers of QR1bn the previous trading day.

The GCC (Gulf Cooperation Council) individual investors’ net profit booking stood at QR6.26mn against QR9.08mn on May 28.

The GCC institutions’ net profit booking amounted to QR13.65mn compared to QR134.08mn last Thursday.

Total trade volume fell 81% to 16.29mn shares, value by 81% to QR517.2mn and deals by 55% to 5,842.

There was 90% plunge in the insurance sector’s trade volume to 0.59mn equities, 90% in value to QR58.09mn and 76% in transactions to 202.

The real estate sector’s trade volume plummeted 87% to 8.45mn stocks, value by 87% QR162.31mn and deals by 62% to 1,756.

The banks and financial services sector reported 73% shrinkage in trade volume to 2.26mn shares, 73% in value to QR132.74mn and 75% in transactions to 953.

The transport sector’s trade volume tanked 69% to 0.12mn equities, value by 68% to QR4.07mn and deals by 57% to 93.

The market witnessed 59% decline in the industrials sector’s trade volume to 1.4mn stocks, 73% in value to QR55.67mn and 50% in transactions to 935.

The consumer goods sector’s trade volume shrank 21% to 0.6mn shares, value by 6% to QR31.43mn and deals by 30% to 400.

However, there was 19% surge in the telecom sector’s trade volume to 2.87mn equities, 19% in value to QR72.9mn and 52% in transactions to 1,503.

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

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