QSE gains 142 points on foreign funds’ strong buy interests
January 07 2019 08:11 PM

Foreign funds’ substantially increased buying interests on Monday led the Qatar Stock Exchange gain 142 points to drive its key index near 10,500 levels and more than QR9bn in capitalisation.
Real estate, insurance, transport and industrials sectors witnessed higher-than-average demand, thus leading to a 1.37% surge in 20-stock Qatar Index to 10,494.22 points.
Domestic institutions’ selling pressure marginally weakened on the market, which closed 1.9% higher year-to-date.
Market capitalisation grew 1.55% to QR601.98bn mainly owing to large and midcap segments.
Islamic equities were seen gaining slower than the main index on the market, where non-Qatari individuals and Gulf funds turned net sellers.
Trade turnover and volumes were on the increase on the bourse, where banking, industrials and realty sectors together accounted for more than 81% of the total volume.
The Total Return Index grew 1.37% to 18,489.65 points, All Share Index by 1.75% to 3,162.42 points and Al Rayan Islamic Index (Price) by 1.24% to 2,446.54 points.
The real estate index soared 3.66%, insurance (2.44%), transport (2.05%), industrials (2.03%), banks and financial services (1.31%) and consumer goods (0.45%); while telecom fell 0.33%.
About 79% of the stocks extended gains with major movers being Ezdan, Industries Qatar, Mazaya Qatar, Commercial Bank, Qatar First Bank, Aamal Company, Qatar Insurance, Qatari German Company for Medical Devices, QNB, Qatar Islamic Bank and Alijarah Holding; even as Ooredoo, Doha Bank, Zad Holding and United Development Company were among the losers.
Non-Qatari institutions’ net buying increased significantly to QR79.23mn compared to QR24.39mn on January 6.
Domestic funds’ net profit booking declined marginally to QR3.1mn against QR3.11mn the previous day.
However, local individuals’ net selling grew considerably to QR59.94mn compared to QR33.6mn on Sunday.
Non-Qatari individuals turned net sellers to the tune of QR11.2mn against net buyers of QR6.13mn on January 6.
The Gulf funds were also net sellers to the extent of QR3.27mn compared with net buyers of QR6.15mn the previous day.
The Gulf individuals turned net profit takers to the tune of QR1.73mn against net buyers of QR0.03mn on Sunday.
Total trade volume rose 83% to 18.49mn shares to more than double value to QR333.36mn on 51% increase in transactions to 8,590.
The consumer goods sector’s trade volume almost quadrupled to 1.17mn equities and value almost quadrupled to QR14.49mn on more than doubled deals to 475.
The banks and financial services sector’s trade volume more than tripled to 6.04mn stocks and value more than quadrupled to QR139.02mn on more than tripled transactions to 2,271.
The real estate sector’s trade volume more than tripled to 3.34mn shares and value also more than tripled to QR50.12mn on more than doubled deals to 1,194.
The transport sector’s trade volume more than tripled to 0.31mn equities and value more than doubled to QR7.01mn on more than doubled transactions to 353.
The insurance sector reported 43% surge in trade volume to 0.33mn stocks, 34% in value to QR11.56mn and 70% in deals to 223.
The industrials sector’s trade volume soared 32% to 5.64mn shares and value by 41% to QR87.42mn; whereas transactions were down 4% to 3,500.
However, there was 36% plunge in the telecom sector’s trade volume to 1.65mn equities but on 2% jump in value to QR23.73mn and 17% in deals to 574.
In the debt market, there was no trading of treasury bills and sovereign bonds.

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