There was a marginal increase in the buying interests of local and Gulf retail investors as the 20-stock Qatar Index added 0.12% to 7,767.7 points.
The considerable weakening of selling pressure from domestic and Gulf funds also helped the market, whose year-to-date losses were trimmed to 25.57%.
The Islamic equities were seen outperforming the bourse, whose capitalisation gained 0.4% to QR422.23bn.
The market had seen sustained buying interests in the first 75 minutes, thus taking the index to a high of more than 7,800 points but there was a course correction for the next 30 minutes after which the index was largely flat except for some minor spurts. Thus, the market settled 10 points higher.
Trade turnover grew amidst lower volumes in the market, where real estate, banking, telecom and industrials sectors together accounted for more than 82% of the total volume.
The Total Return Index rose 0.12% to 13,025.97 points, All Share Index by 0.76% to 2,158.77 points and Al Rayan Islamic Index by 1.18% to 3,074.95 points.
The consumer goods index soared 4.11%, realty (2.75%), insurance (2.48%), transport (0.39%), banks and financial services (0.28%) and industrials (0.19%); whereas telecom shrank 2.86%.
About 61% of the stocks extended gains with major movers being Ezdan, Vodafone Qatar, Milaha, Qatari Investors Group, Qatar General and Reinsurance, Qatar Oman Investment, Alijarah Holding, QIIB, Medicare Group, Woqod, Mannai Corporation and Qatar Islamic Insurance; while Ooredoo, Qatar First Bank, Qatari German Company for Medical Devices, Qatar National Cement, Mesaieed Petrochemical Holding and Gulf International Services were among the losers.
Local retail investors’ net buying increased marginally to QR34.42mn compared to QR33.96mn on November 26.
The GCC (Gulf Cooperation Council) funds’ net selling weakened substantially to QR9.08mn against QR35.48mn on Sunday.
Domestic institutions’ net profit booking fell impressively to QR8.47mn compared to QR17.2mn the previous day.
The GCC retail investors’ net buying strengthened marginally to QR0.35mn against QR0.11mn on November 26.
However, non-Qatari institutions turned net sellers to the tune of QR20.46mn compared with net buyers of QR13.56mn on Sunday.
Non-Qatari individual investors’ net buying declined perceptibly to QR3.28mn against QR5.04mn the previous day.
Total trade volume fell 14% to 12.48mn shares, while value grew 5% to QR290.23mn and deals by 1% to 4,986.
The banks and financial services sector saw 39% plunge in trade volume to 2.62mn equities but on 1% jump in value to QR124.81mn despite 9% lower transactions to 1,358.
The industrials sector’s trade volume plummeted 39% to 2.06mn stocks, value by 15% to QR53.44mn and deals by 19% to 1,012.
There was 26% shrinkage in the consumer goods sector’s trade volume to 0.72mn shares but on 9% increase in value to QR16.82mn despite 28% lower transactions to 376.
The transport sector’s trade volume was down 7% to 0.87mn equities and value by 12% to QR18.93mn, while deals grew 1% to 497.
However, the insurance sector reported 74% surge in trade volume to 0.61mn stocks and 97% in value to QR12.68mn on more than doubled transactions to 272.
The real estate sector’s trade volume soared 42% to 3.08mn shares, value by 37% to QR36.69mn and deals by 40% to 930.
The market witnessed 9% expansion in the telecom sector’s trade volume to 2.52mn equities, 37% in value to QR26.87mn and 37% in transactions to 541.
In the debt market, there was no trading of sovereign bonds and treasury bills.
There was a marginal increase in the buying interests of local and Gulf retail investors as the 20-stock Qatar Index added 0.12% to 7,767.7 points.
The Qatar Stock Exchange on Monday witnessed strong buying interests, especially in the consumer goods, realty and insurance counters to protract the bullish run for the second straight session.
