The Qatar Stock Exchange on Sunday witnessed decliners outnumber gainers, yet its main barometer surged to cross the 10,100 level.
Led by banking, transport and realty sectors, the 20-stock Qatar Index gained 0.62% to 10,123.23 points, which is down 3% year-to-date.
Opening the day weak, the market kept sliding to touch a low of near 9,900 points within the first 60 minutes. A sustained bullish momentum followed with stronger buying, especially in the last few minutes, leading the index to settle 63 points higher against the previous close.
Large cap stocks saw stronger buying interest in the bourse, which saw Gulf retail investors turn bullish amid lower net selling by local and non-Qatari individuals as well as Gulf institutions.
Islamic stocks rose slower than the other indices in the market, which saw a substantial weakening of domestic institutions’ net buying and higher net selling by their foreign counterparts.
Trade turnover and volumes were on the decline in the bourse, where the banking, telecom and real estate sectors together accounted for about 87% of the total volumes.
Market capitalisation gained about QR3bn, or 0.49%, to QR543.52bn as large and small cap equities added 0.84% and 0.09%; while mid and microcaps fell 0.37% and 0.13% respectively.
The Total Return Index expanded 0.62% to 16,976.05 points, the All Share Index by 0.49% to 2,867.93 points and the Al Rayan Islamic Index by 0.36% to 4,026.61 points.
The banks and financial services’ index soared 0.97%, followed by transport (0.92%), realty (0.7%) and insurance (0.05%); whereas industrials, telecom and consumer goods declined 0.29%, 0.21% and 0.09% respectively.
Major gainers included QNB, Qatar Islamic Bank, Masraf Al Rayan, Commercial Bank, Doha Bank, Barwa, Ezdan, Milaha, Nakilat, United Development Company, Medicare Group and Qatar Islamic Insurance.
Nevertheless, Qatar First Bank, Gulf International Services, Vodafone Qatar, Industries Qatar, Gulf Warehousing, Islamic Holding Group and Qatari Investors Group were among the losers.
The GCC (Gulf Cooperation Council) individuals were net buyers to the tune of QR0.96mn against net sellers of QR0.92mn on May 25.
Local retail investors’ net profit-booking weakened substantially to QR25.84mn compared to QR84.18mn last Thursday.
Non-Qatari retail investors’ net selling fell considerably to QR5.82mn against QR16.54mn the previous trading day.
The GCC funds’ net profit-booking declined perceptibly to QR6.16mn compared to QR11.72mn on May 25.
However, domestic institutions’ net buying plummeted to QR58.13mn against QR128.91mn last Thursday.
Non-Qatari institutions’ net profit-booking increased to QR21.31mn compared to QR15.59mn the previous trading day.
Total trade volumes fell 39% to 8.56mn shares, value by 42% to QR223.16mn and deals by 49% to 2,239.
The insurance sector saw a 64% plunge in trade volume to 0.05mn equities, 65% in value to QR3.33mn and 24% in transactions to 58.
The banks and financial services sector’s trade volume plummeted 55% to 3.47mn stocks, value by 47% to QR99.4mn and deals by 60% to 758.
There was a 45% shrinkage in the industrials sector’s trade volume to 0.36mn shares, 54% in value to QR22.77mn and 63% in transactions to 224.
The consumer goods sector’s trade volume tanked 38% to 0.13mn equities, value by 29% to QR10.31mn and deals by 40% to 158.
The market witnessed a 30% decline in the real estate sector’s trade volume to 1.86mn stocks, 42% in value to QR29.02mn and 21% in transactions to 553.
The telecom sector’s trade volume was down 2% to 2.11mn shares, value by 38% to QR28.59mn and deals by 49% to 249.
However, the transport sector saw a 2% increase in trade volume to 0.59mn equities and 14% in value to QR29.75mn but on a 27% decline in transactions to 239.
In the debt market, there was no trading of treasury bills and government bonds.
Opening the day weak, the market kept sliding to touch a low of near 9,900 points within the first 60 minutes. A sustained bullish momentum followed with stronger buying, especially in the last few minutes, leading the index to settle 63 points higher against the previous close.
Large cap stocks saw stronger buying interest in the bourse, which saw Gulf retail investors turn bullish amid lower net selling by local and non-Qatari individuals as well as Gulf institutions.
Islamic stocks rose slower than the other indices in the market, which saw a substantial weakening of domestic institutions’ net buying and higher net selling by their foreign counterparts.
Trade turnover and volumes were on the decline in the bourse, where the banking, telecom and real estate sectors together accounted for about 87% of the total volumes.
Market capitalisation gained about QR3bn, or 0.49%, to QR543.52bn as large and small cap equities added 0.84% and 0.09%; while mid and microcaps fell 0.37% and 0.13% respectively.
The Total Return Index expanded 0.62% to 16,976.05 points, the All Share Index by 0.49% to 2,867.93 points and the Al Rayan Islamic Index by 0.36% to 4,026.61 points.
The banks and financial services’ index soared 0.97%, followed by transport (0.92%), realty (0.7%) and insurance (0.05%); whereas industrials, telecom and consumer goods declined 0.29%, 0.21% and 0.09% respectively.
Major gainers included QNB, Qatar Islamic Bank, Masraf Al Rayan, Commercial Bank, Doha Bank, Barwa, Ezdan, Milaha, Nakilat, United Development Company, Medicare Group and Qatar Islamic Insurance.
Nevertheless, Qatar First Bank, Gulf International Services, Vodafone Qatar, Industries Qatar, Gulf Warehousing, Islamic Holding Group and Qatari Investors Group were among the losers.
The GCC (Gulf Cooperation Council) individuals were net buyers to the tune of QR0.96mn against net sellers of QR0.92mn on May 25.
Local retail investors’ net profit-booking weakened substantially to QR25.84mn compared to QR84.18mn last Thursday.
Non-Qatari retail investors’ net selling fell considerably to QR5.82mn against QR16.54mn the previous trading day.
The GCC funds’ net profit-booking declined perceptibly to QR6.16mn compared to QR11.72mn on May 25.
However, domestic institutions’ net buying plummeted to QR58.13mn against QR128.91mn last Thursday.
Non-Qatari institutions’ net profit-booking increased to QR21.31mn compared to QR15.59mn the previous trading day.
Total trade volumes fell 39% to 8.56mn shares, value by 42% to QR223.16mn and deals by 49% to 2,239.
The insurance sector saw a 64% plunge in trade volume to 0.05mn equities, 65% in value to QR3.33mn and 24% in transactions to 58.
The banks and financial services sector’s trade volume plummeted 55% to 3.47mn stocks, value by 47% to QR99.4mn and deals by 60% to 758.
There was a 45% shrinkage in the industrials sector’s trade volume to 0.36mn shares, 54% in value to QR22.77mn and 63% in transactions to 224.
The consumer goods sector’s trade volume tanked 38% to 0.13mn equities, value by 29% to QR10.31mn and deals by 40% to 158.
The market witnessed a 30% decline in the real estate sector’s trade volume to 1.86mn stocks, 42% in value to QR29.02mn and 21% in transactions to 553.
The telecom sector’s trade volume was down 2% to 2.11mn shares, value by 38% to QR28.59mn and deals by 49% to 249.
However, the transport sector saw a 2% increase in trade volume to 0.59mn equities and 14% in value to QR29.75mn but on a 27% decline in transactions to 239.
In the debt market, there was no trading of treasury bills and government bonds.
