A substantial jump in trade turnover and volumes notwithstanding, the 20-stock Qatar Index was up mere 0.02% to 9,782.83 points despite five of the seven sectors remaining under profit booking. The market’s year-to-date losses are seen at 6.2%.
Small and large cap equities were afloat in the positive trajectory in the market, whose wee gains were supported by bullish grip of Gulf institutions and increased buying support from domestic institutions and non-Qatari individuals.
Industrials and banking counters witnessed noticeable demand in the bourse, where banking, telecom and realty stocks together constituted more than 88% of the total volumes.
A 0.41% and 0.24% increase in small and large cap scrips respectively expanded the market capitalisation by QR22mn or 0.04% to QR529.28bn. However, midcaps fell 0.79%.
The Total Return Index was up 0.02% to 15,827.96 points, while All Share Index fell 0.01% to 2,703.09 points and Al Rayan Islamic Index by 0.26% to 3,608.47 points.
Industrials sector saw its index rise 0.54% and banks and financial services 0.32%, whereas telecom plunged 2.18%, consumer goods (0.57%), transport (0.4%), real estate (0.39%) and insurance (0.3%).
Among the major gainers were Commercial Bank, QNB, Industries Qatar, Gulf International Services, Qatar National Cement and Mesaieed Petrochemical Holding.
Nevertheless, about 61% of the stocks were in the red with major losers being Vodafone Qatar, Ooredoo, Nakilat, Qatar Insurance, al khaliji, Qatari German Company for Medical Devices, Qatari Investors Group, Barwa, Ezdan and Mazaya Qatar saw their stocks lose sheen.
Domestic institutions’ net buying strengthened considerably to QR12.29mn compared to QR3.59mn on November 20.
The GCC (Gulf Cooperation Council) institutions turned net buyers to the tune of QR5.77mn against net sellers of QR0.32mn on Sunday.
Non-Qatari individual investors’ net buying increased to QR6.77mn compared to QR1.56mn the previous day.
However, non-Qatari institutions turned net sellers to the extent of QR3.57mn against net buyers of QR0.76mn on November 20.
Local retail investors’ net profit booking strengthened perceptibly to QR21.59mn compared to QR6.11mn on Sunday.
The GCC individual investors’ net buying declined to QR0.32mn against QR0.51mn the previous day.
Total trade volume more than doubled to 6.29mn shares and value almost doubled to QR158.6mn on almost doubled deals to 3,102.
The insurance sector’s trade volume grew six-fold to 0.06mn equities and value more than quadrupled to QR4.02mn on more than doubled transactions to 99.
The banks and financial services sector’s trade volume more than tripled to 2.24mn stocks and value more than doubled to QR69.13mn on more than doubled deals to 1,042.
The industrials sector’s trade volume more than doubled to 0.33mn shares and value more than tripled to QR24.63mn on 79% jump in transactions to 432.
The transport sector’s trade volume more than doubled to 0.1mn equities and value also more than doubled to QR3.08mn on 70% rise in deals to 107.
The consumer goods sector’s trade volume more than doubled to 0.24mn stocks but value fell 14% to QR9.89mn. Transactions gained 23% to 220.
The telecom sector’s trade volume more than doubled to 2.11mn shares and value also more than doubled to QR26.34mn on more than tripled deals to 809.
The real estate sector reported 21% surge in trade volume to 1.2mn equities, 15% in value to QR21.51mn and 18% in transactions to 393.
In the debt market, there was no trading of treasury bills and government bonds.
