The Qatar Stock Exchange on Wednesday continued its bullish run, albeit slower, for the third day despite strong selling at the transport and insurance counters.
Foreign funds turned bullish as the 20-stock Qatar Index gained by a marginal 0.09% to 9,015.15 points.
Doha Bank and Masraf Al Rayan sponsored exchange traded funds QETF and QATR, nevertheless, witnessed 0.85% and 0.09% declines respectively.
However, domestic institutions turned profit-takers in the market, which is up 5.77% year-to-date.
Buying in large-cap segment notwithstanding, the bourse registered a 0.03% decline in capitalisation to QR497.07bn.
Trade turnover and volumes were on the decline in the market, where the industrials and banking sectors together accounted for more than 57% of the total volume.
The Total Return Index gained 0.09% to 15,883.69 points and the All Share Index by 0.01% to 2,641.62 points; while the Al Rayan Islamic Index (Price) was rather flat to 2,252.7 points.
The banks and financial services index was up 0.36% and industrials (0.14%); whereas transport declined 1.2%, insurance (1.14%), consumer goods (0.59%), telecom (0.32%) and realty (0.04%).
Major gainers included Commercial Bank, Gulf International Services, Qatar Islamic Insurance, Qatar Oman Investment and Barwa; while losers comprised Ahli Bank, Doha Insurance and United Development Company.
Non-Qatari funds turned net buyers to the tune of QR27.62mn against net sellers of QR29.36mn the previous day.
Local individuals were also net buyers to the extent of QR0.13mn compared with net sellers of QR1.25mn on April 10.
However, domestic institutions turned net sellers to the tune of QR25.58mn against net buyers of QR24.95mn on Tuesday.
Non-Qatari individual investors’ net selling strengthened influentially to QR3.11mn compared to QR0.92mn the previous day.
Gulf institutions’ net buying decreased significantly to QR0.16mn against QR5.21mn on April 10.
Gulf individual investors’ net buying also fell marginally to QR0.85mn compared to QR1.42mn on Tuesday.
Total trade volume fell 19% to 10.2mn shares, value by 25% to QR313.87mn and transactions by 11% to 3,693.
The market witnessed a 47% plunge in the consumer goods sector’s trade volume to 0.31mn equities, 42% in value to QR21.99mn and 48% in deals to 304.
The industrials sector’s trade volume plummeted 42% to 3.38mn stocks, value by 28% to QR130.9mn and transactions by 19% to 1,004.
There was a 24% shrinkage in the insurance sector’s trade volume to 0.31mn shares and 29% in value to QR11.07mn but on a 29% jump in deals to 144.
The banks and financial services sector’s trade volume tanked 15% to 2.44mn equities, value by 32% to QR98.18mn and transactions by 11% to 1,207.
The real estate sector reported a 5% decline in trade volume to 1.87mn stocks but on an 18% increase in value to QR26.82mn and 3% in deals to 468.
However, the telecom sector’s trade volume more than doubled to 1.22mn shares, value soared 80% to QR13.32mn and transactions by 31% to 316.
The transport sector’s trade volume more than doubled to 0.67mn equities, value expanded 57% to QR11.6mn and deals by 53% to 250.
In the debt market, there was no trading of treasury bills and sovereign bonds.