The Qatar Stock Exchange was cautiously bullish on Monday despite four of the seven sectors witnessing selling pressure.
Industrials and consumer goods sectors witnessed buying interests as the 20-stock Qatar Index settled 0.1% higher at 9,834.12 points, which is up 15.38% year-to-date.
Domestic and Gulf institutions were seen bullish in the market, which saw Islamic equities rose faster than the other indices. Micro, large and small cap equities witnessed higher selling pressure.
Doha Bank and Masraf Al Rayan sponsored exchange traded funds QETF and QATR reported 0.57% and 0.34% gains respectively.
Trade turnover and volumes were on the increase on the bourse, where real estate and telecom sectors together accounted for about 62% of the total volume.
The Total Return Index was up 0.1% to 17,326.62 points and Al Rayan Islamic Index (Price) by 0.21% to 2,346.29 points, while All Share Index shed 0.12% to 2,891.7 points.
The industrials index gained 1.49%, consumer goods (0.29%) and transport (0.02%); whereas telecom declined 0.92%, insurance (0.79%), realty (0.79%) and banks and financial services (0.58%).
About 61% of the traded stocks extended gains with major movers being Mazaya Qatar, Industries Qatar, Alijarah Holding, Medicare Group, Gulf International Services and Mesaieed Petrochemical Holding; even as Qatar Islamic Bank, Dlala, Qatari Investors Group, Qatar Insurance, Ezdan, Vodafone Qatar and Ooredoo were among the losers.
Domestic institutions turned net buyers to the tune of QR14.63mn compared with net sellers of QR4.31mn the previous day.
The Gulf institutions were also net buyers to the extent of QR9.03mn against net sellers of QR0.61mn on October 14.
However, local individual investors’ net selling increased considerably to QR14.35mn compared to QR1.39mn on Sunday.
Non-Qatari institutions turned net sellers to the tune of QR11.43mn against net buyers of QR1.95mn the previous day.
The Gulf individuals were also net profit takers to the extent of QR1.64mn compared with net buyers of QR0.09mn on October 14.
Non-Qatari retail investors’ net buying weakened marginally to QR3.78mn against QR4.27mn on Sunday.
Total trade volume more than tripled to 7.53mn shares and value more than doubled to QR188.03mn on more than doubled transactions to 4,396.
The telecom sector’s trade volume grew 28-fold to 2.24mn equities and value by more than 14-fold to QR26.16mn on almost eight-fold deals to 527.
The real estate sector’s trade volume more than quadrupled to 2.41mn stocks and value than doubled to QR24.17mn on more than tripled transactions to 847.
The transport sector’s trade volume more than doubled to 0.39mn shares and value more than doubled to QR9.05mn on more than doubled deals to 374.
The consumer goods sector’s trade volume more than doubled to 0.23mn equities and value more than tripled to QR27.02mn on more than tripled transactions to 482.
The banks and financial services sector saw 77% surge in trade volume to 1.13mn stocks, 65% in value to QR49.59mn and 71% in deals to 910.
The industrials sector’s trade volume soared 45% to 1.07mn shares and value more than doubled to QR49.53mn on more than doubled transactions to 1,172.
However, there was 13% decline in the insurance sector’s trade volume to 0.07mn equities and 20% in value to QR2.51mn but on 58% expansion in deals to 84.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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