The Qatar Stock Exchange on Sunday opened the week on stronger note to inch near 10,500 levels as Qatar Aluminium Manufacturing Company (Qamco) marked its entry.
Domestic institutions turned substantially bullish as the 20-stock Qatar Index settled 0.39% higher at 10,496.5 points.
Non-Qatari individuals were increasingly net buyers in the market, which is up 23.15% year-to-date.
Market capitalisation expanded more than QR7bn or 1.22% to QR596.83bn, mainly owing to microcap segments.
Islamic equities were seen gaining slower than the other indices in the market, where local retail investors were increasingly bearish.
Trade turnover and volumes were on the increase in the bourse, where industrials sector alone accounted for about 82% of the total volume.
The Total Return Index gained 0.39% to 18,493.66 points and Al Rayan Islamic Index (Price) by 0.18% to 2,435.64 points, while All Share Index fell 0.12% to 3,114.37 points.
The consumer goods index soared 1.17%, industrials (0.32%), telecom (0.3%), banks and financial services (0.15%) and insurance (0.02%); whereas real estate and transport declined 2.19% and 0.38% respectively.
Major gainers included Woqod, Qatar Aluminium Manufacturing Company, Industries Qatar, Mazaya Qatar, Ooredoo, Qatar Islamic Bank, Commercial Bank and Doha Bank; while Qatar First Bank, Ezdan, Alijarah Holding, Salam International Investment, Aamal Company and Nakilat were among the losers.
Domestic institutions turned net buyers to the tune of QR58.56mn compared with net sellers of QR14.28mn on December 13.
Non-Qatari individuals’ net buying grew influentially to QR27.53mn against QR1.71mn the previous trading day.
The Gulf individuals turned net buyers to the extent of QR1.9mn compared with net sellers of QR1.01mn last Thursday.
However, local individual investors’ net selling increased considerably to QR93.54mn against QR6.33mn on December 13.
The Gulf funds turned net profit takers to tune of QR1.9mn compared with net buyers of QR1.4mn the previous trading day.
Non-Qatari institutions’ net buying weakened substantially to QR7.49mn against QR18.56mn last Thursday.
Total trade volume more than quadrupled to 29.76mn shares and value more than doubled to QR486.41mn on eight-fold jump in transactions to 24,255.
The industrials sector’s trade volume grew more than 25-fold to 24.36mn equities and value by more than nine-fold to QR368.85mn on 38-fold growth in deals to 22,129.
The consumer goods sector’s trade volume more than doubled to 0.4mn stocks but value fell 38% to QR10.48mn despite 78% higher transactions at 265.
The insurance sector reported 18% surge in trade volume to 0.2mn shares, 11% in value to QR6.2mn and 48% in deals to 173.
The telecom sector’s trade volume soared 16% to 1.22mn equities, while value shrank 23% to QR13.21mn despite 7% higher transactions at 327.
There was 13% increase in the transport sector’s trade volume to 0.52mn stocks but on 13% fall in value to QR10.1mnm and 12% in deals to 192.
However, the banks and financial services sector’s trade volume plummeted 24% to 2.16mn shares, value by 44% to QR64.01mn and transactions by 24% to 1,026.
The market witnessed 17% plunge in the real estate sector’s trade volume to 0.9mn equities, 31% in value to QR13.56mn and 17% in deals to 443.
In the debt market, there was no trading of treasury bills and sovereign bonds.
