The Qatar Stock Exchange on Monday continued its bullish run for the third consecutive day, mainly on sustained strong buying interests from foreign funds.
Strong buying — especially in the transport and industrials — led the 20-stock Qatar Index gain 0.31% for the fourth straight session to 9,142.28 points.
Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF, however, witnessed 1.57% and 0.03% declines respectively.
Islamic stocks were seen outperforming the other indices in the market, which is up 7.26% year-to-date.
However, local retail investors and Gulf funds were increasingly net sellers on the bourse, whose capitalisation was up 0.02% to QR498.63bn, mainly lifted by midcaps.
Trade turnover and volumes were on the increase in the market, where banking, telecom and real estate sectors together accounted for more than 84% of the total volume.
The Total Return Index grew 0.31% to 16,107.68 points, All Share Index by 0.06% to 2,645.25 points and Al Rayan Islamic Index (Price) by 0.59% to 2,232.77 points.
The transport index soared 0.65%, industrials (0.53%) and banks and financial services (0.1%); whereas telecom shrank 1.07%, realty (0.33%), insurance (0.29%) and consumer goods (0.21%).
Major movers included Qatari Investors Group, Industries Qatar, Barwa, Milaha, Gulf Warehousing, Qatar Islamic Bank, QIIB and Masraf Al Rayan; while Dlala, Ezdan, Ooredoo, Vodafone Qatar, Doha Bank and Widam Food were among the losers.
Non-Qatari institutions’ net buying increased significantly to QR38.43mn compared to QR25mn the previous day.
Non-Qatari individuals turned net buyers to the tune of QR1.15mn against net sellers of QR2.17mn on July 1.
The Gulf individual investors’ net profit booking fell perceptibly to QR0.16mn compared to QR0.7mn on Sunday.
However, local individuals’ net selling strengthened considerably to QR25.25mn against QR18.66mn the previous day.
The Gulf institutional investors’ net selling grew influentially to QR9.72mn compared to QR4.84mn on July 1.
Domestic institutions turned net sellers to the extent of QR4.39mn against net buyers of QR1.38mn on Sunday.
Total trade volume grew 75% to 8.35mn shares and value more than doubled to QR272.97mn on 61% jump in transactions to 3,956.
The real estate sector’s trade volume more than tripled to 1.18mn equities and value also more than tripled to QR19.6mn on more than doubled deals to 551.
The telecom sector’s trade volume more than doubled to 2.34mn stocks and value also more than doubled to QR22.65mn on 45% rise in transactions to 298.
The consumer goods sector’s trade volume more than doubled to 0.47mn shares and value soared 46% to QR21.63mn but on 15% fall in deals to 201.
The banks and financial services sector’s trade volume grew 76% to 3.51mn equities and value more than tripled to QR160.28mn on more than doubled transactions to 1,766.
However, the transport sector reported 46% plunge in trade volume to 0.15mn stocks and 52% in value to QR4.82mn but on 11% growth in deals to 255.
The insurance sector’s trade volume plummeted 36% to 0.16mn shares, value by 33% to QR5.82mn and transactions by 12% to 192.
The industrials sector saw 27% shrinkage in trade volume to 0.53mn equities but on 34% expansion in value to QR37.18mn and 30% in deals to 693.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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