Increased buying support from foreign institutions on Monday helped the Qatar Stock Exchange steer back into positive trajectory, albeit at lower levels.
Higher demand in the insurance, industrials and realty counters drove the 20-stock Qatar Index up 0.15% or 16 points to 10,428.53 points despite global oil prices trending towards $50 a barrel on uncertainties over further production cut by the Organisation of the Petroleum Exporting Countries.
Gulf institutions’ bullish outlook also helped the market, whose year-to-date losses were contained at 0.08%.
Micro and midcap equities witnessed the maximum buying in the bourse, which, however, saw local retail investors turn bearish and increased net selling by domestic institutions.
Islamic stocks were seen gaining faster than the main index as well as other indices in the market, where buying support weakened among Gulf individual investors.
Trade turnover and volumes expanded in the bourse, where telecom, banking and real estate sectors together accounted for about 90% of the total volumes.
Market capitalisation was up QR70mn or 0.13% to QR557.95bn with micro, mid and large cap equities gaining 0.57%, 0.19% and 0.08% respectively; while small caps declined 0.14%.
The Total Return Index rose 0.15% to 17,283.78 points, All Share Index by 0.12% to 2,936.07 points and Al Rayan Islamic Index by 0.16% to 4,132.63 points.
The insurance sector saw its index expand 0.75%, industrials (0.55%) and realty (0.22%); while telecom declined 0.74%, consumer goods (0.18%), transport (0.09%) and banks and financial services (0.05%).
About 59% of the stocks saw gains with major movers being Qatar Insurance, Mazaya Qatar, Vodafone Qatar, Al Khaleej Takaful, Aamal Company, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Qatar Islamic Bank, Dlala, Widam Food, Industries Qatar, Barwa and Nakilat.
Nevertheless, Ooredoo, Milaha, Doha Bank, QIIB, Masraf Al Rayan, Qatari German Company for Medical Devices, Salam International Investment and Medicare Group were among the losers.
Non-Qatari institutions’ net buying strengthened substantially to QR23.8mn compared to QR2.78mn on March 26.
The GCC (Gulf Cooperation Council) institutions were net buyers to the tune of QR6.31mn against net sellers of QR13.37mn on Sunday.
The GCC retail investors’ net profit booking fell marginally to QR0.53mn compared to QR0.56mn the previous day.
However, local retail investors turned net sellers to the extent of QR17.06mn against net buyers of QR13.82mn on March 26.
Domestic institutions’ net selling increased perceptibly to QR13.08mn compared to QR9.39mn on Sunday.
Non-Qatari individual investors’ net buying weakened to QR0.6mn against QR6.74mn the previous day.
Total trade volumes rose 60% to 13.25mn shares, value by 50% to QR333.76mn and deals by 74% to 4,715.
The telecom sector’s trade volume more than tripled to 5.02mn equities and value more than quadrupled to QR63.6mn on more than seven-fold jump in transactions to 1,033.
There was 83% surge in the consumer goods sector’s trade volume to 0.22mm stocks, 14% in value to QR12.52mn and 26% in deals to 253.
The insurance sector’s trade volume soared 60% to 0.08mn shares, value by 44% to QR3.56mn and transactions by 40% to 84.
The real estate sector reported 39% expansion in trade volume to 2.23mn equities and 33% in value to QR42.16mn on more than doubled deals to 636.
The transport sector’s trade volume shot up 19% to 0.37mn stocks, value by 65% to QR13.23mn and transactions by 72% to 263.
The banks and financial services sector saw 15% increase in trade volume to 4.67mn shares, 34% in value to QR157.14mn and 50% in deals to 1,809.
However, the industrials sector’s trade volume fell 6% to 0.65mn equities; while value rose 13% to QR41.56mn. Transactions were down less than 1% to 637.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf institutions’ bullish outlook also helped the market, whose year-to-date losses were contained at 0.08%.
Micro and midcap equities witnessed the maximum buying in the bourse, which, however, saw local retail investors turn bearish and increased net selling by domestic institutions.
Islamic stocks were seen gaining faster than the main index as well as other indices in the market, where buying support weakened among Gulf individual investors.
Trade turnover and volumes expanded in the bourse, where telecom, banking and real estate sectors together accounted for about 90% of the total volumes.
Market capitalisation was up QR70mn or 0.13% to QR557.95bn with micro, mid and large cap equities gaining 0.57%, 0.19% and 0.08% respectively; while small caps declined 0.14%.
The Total Return Index rose 0.15% to 17,283.78 points, All Share Index by 0.12% to 2,936.07 points and Al Rayan Islamic Index by 0.16% to 4,132.63 points.
The insurance sector saw its index expand 0.75%, industrials (0.55%) and realty (0.22%); while telecom declined 0.74%, consumer goods (0.18%), transport (0.09%) and banks and financial services (0.05%).
About 59% of the stocks saw gains with major movers being Qatar Insurance, Mazaya Qatar, Vodafone Qatar, Al Khaleej Takaful, Aamal Company, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Qatar Islamic Bank, Dlala, Widam Food, Industries Qatar, Barwa and Nakilat.
Nevertheless, Ooredoo, Milaha, Doha Bank, QIIB, Masraf Al Rayan, Qatari German Company for Medical Devices, Salam International Investment and Medicare Group were among the losers.
Non-Qatari institutions’ net buying strengthened substantially to QR23.8mn compared to QR2.78mn on March 26.
The GCC (Gulf Cooperation Council) institutions were net buyers to the tune of QR6.31mn against net sellers of QR13.37mn on Sunday.
The GCC retail investors’ net profit booking fell marginally to QR0.53mn compared to QR0.56mn the previous day.
However, local retail investors turned net sellers to the extent of QR17.06mn against net buyers of QR13.82mn on March 26.
Domestic institutions’ net selling increased perceptibly to QR13.08mn compared to QR9.39mn on Sunday.
Non-Qatari individual investors’ net buying weakened to QR0.6mn against QR6.74mn the previous day.
Total trade volumes rose 60% to 13.25mn shares, value by 50% to QR333.76mn and deals by 74% to 4,715.
The telecom sector’s trade volume more than tripled to 5.02mn equities and value more than quadrupled to QR63.6mn on more than seven-fold jump in transactions to 1,033.
There was 83% surge in the consumer goods sector’s trade volume to 0.22mm stocks, 14% in value to QR12.52mn and 26% in deals to 253.
The insurance sector’s trade volume soared 60% to 0.08mn shares, value by 44% to QR3.56mn and transactions by 40% to 84.
The real estate sector reported 39% expansion in trade volume to 2.23mn equities and 33% in value to QR42.16mn on more than doubled deals to 636.
The transport sector’s trade volume shot up 19% to 0.37mn stocks, value by 65% to QR13.23mn and transactions by 72% to 263.
The banks and financial services sector saw 15% increase in trade volume to 4.67mn shares, 34% in value to QR157.14mn and 50% in deals to 1,809.
However, the industrials sector’s trade volume fell 6% to 0.65mn equities; while value rose 13% to QR41.56mn. Transactions were down less than 1% to 637.
In the debt market, there was no trading of treasury bills and government bonds.
