Domestic institutions’ stronger buying interests led the Qatar Stock Exchange gain 192 points in its key benchmark and more than QR4bn in capitalisation this week.
Insurance, consumer goods, transport and industrials counters witnessed robust to moderate buying interests, thus helping produce thrust to keep the 20-stock Qatar Index above the 10,000 levels this week.
The weakened net selling pressure from non-Qatari individuals also helped the market stay positive amidst two days of bearish spell this week.
More than 80% of the traded constituents extended gains this week, which, otherwise saw increased net selling pressure from local retail investors.
Major gainers included Doha Bank, QIIB, Qatar Insurance, Qatar First Bank, Al Khaliji, Qatar National Cement, Gulf International Services, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Qatar Islamic Insurance, United Development Company, Mazaya Qatar, Vodafone Qatar, Nakilat and Milaha; even as Ezdan, Gulf Warehousing, Masraf Al Rayan and Qatari German Company for Medical Devices were among the losers this week.
Islamic stocks were seen gaining slower than the main index on the market, which also saw lower buying interests from foreign funds this week.
The Total Return Index grew 2.18%, All Share Index by 0.61% and Al Rayan Islamic Index (Price) by 1.64% this week which saw as many as 9,128 Masraf Al Rayan bank sponsored exchange traded fund QATR valued at 0.23mn traded across 11 transactions.
The insurance index soared 4.29%, consumer goods (4.09%), transport (3.03%), industrials (2.63%), banks and financial services (1.17%) and telecom (0.96%); while realty declined 8.12% this week which saw realty, industrials and banking segments together account for more than 77% of total trade volume.
The realty sector constituted 31% of the total volume, industrials (26%), banks and financial services (21%), telecom (10%), consumer goods and insurance (5% each), and transport (4%) this week which saw a total of 16,563 Doha Bank sponsored QETF worth QR1.68mn changed hands across 16 deals.
In terms of value, banks and financial services’ share were 34%, industrials (20%), consumer goods (19%), realty (15%), telecom (6%), insurance (4%) and transport (2%) this week.
Domestic funds’ net buying increased significantly to QR139.73mn compared to QR39.76mn the week ended March 21.
Non-Qatari individuals’ net profit booking eased noticeably to QR3.91mn against QR28.78mn the previous week.
However, local retail investors’ net selling increased considerably to QR228.05mn compared to QR165.35mn a week ago.
Foreign institutions’ net buying declined substantially to QR92.07mn against QR154.23mn the previous week.
Total trade volume grew 32% to 61.12mn shares, value by 27% to QR1.7bn and transactions by 13% to 31,248 this week.
The telecom sector’s trade volume more than tripled to 5.7mn equities and value almost doubled to QR100.18mn on 45% rise in deals to 2,565.
The insurance sector’s trade volume soared 78% to 2.9mn stocks, value by 18% to QR60.62mn and transactions by 88% to 1,558.
The consumer goods sector reported 56% surge in trade volume to 2.76mn shares, 87% in value to QR318.69mn and 39% in deals to 2,666.
The real estate sector’s trade volume expanded 32% to 18.99mn equities and value by 7% to QR254.07mn, whereas transactions were down 2% to 7,098.
There was 24% expansion in the industrials sector’s trade volume to 15.67mn stocks, 22% in value to QR334.04mn and 5% in deals to 9,833.
The banks and financial sector’s trade volume shot up 16% to 12.57mn shares, value by 28% to QR584.84mn and transactions by 25% to 6,303.
However, the transport sector saw 26% plunge in trade volume to 2.22mn equities, 48% in value to QR49.47mn and 8% in deals to 1,225.
Insurance, consumer goods, transport and industrials counters witnessed robust to moderate buying interests, thus helping produce thrust to keep the 20-stock Qatar Index above the 10,000 levels this week.
The weakened net selling pressure from non-Qatari individuals also helped the market stay positive amidst two days of bearish spell this week.
More than 80% of the traded constituents extended gains this week, which, otherwise saw increased net selling pressure from local retail investors.
Major gainers included Doha Bank, QIIB, Qatar Insurance, Qatar First Bank, Al Khaliji, Qatar National Cement, Gulf International Services, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Qatar Islamic Insurance, United Development Company, Mazaya Qatar, Vodafone Qatar, Nakilat and Milaha; even as Ezdan, Gulf Warehousing, Masraf Al Rayan and Qatari German Company for Medical Devices were among the losers this week.
Islamic stocks were seen gaining slower than the main index on the market, which also saw lower buying interests from foreign funds this week.
The Total Return Index grew 2.18%, All Share Index by 0.61% and Al Rayan Islamic Index (Price) by 1.64% this week which saw as many as 9,128 Masraf Al Rayan bank sponsored exchange traded fund QATR valued at 0.23mn traded across 11 transactions.
The insurance index soared 4.29%, consumer goods (4.09%), transport (3.03%), industrials (2.63%), banks and financial services (1.17%) and telecom (0.96%); while realty declined 8.12% this week which saw realty, industrials and banking segments together account for more than 77% of total trade volume.
The realty sector constituted 31% of the total volume, industrials (26%), banks and financial services (21%), telecom (10%), consumer goods and insurance (5% each), and transport (4%) this week which saw a total of 16,563 Doha Bank sponsored QETF worth QR1.68mn changed hands across 16 deals.
In terms of value, banks and financial services’ share were 34%, industrials (20%), consumer goods (19%), realty (15%), telecom (6%), insurance (4%) and transport (2%) this week.
Domestic funds’ net buying increased significantly to QR139.73mn compared to QR39.76mn the week ended March 21.
Non-Qatari individuals’ net profit booking eased noticeably to QR3.91mn against QR28.78mn the previous week.
However, local retail investors’ net selling increased considerably to QR228.05mn compared to QR165.35mn a week ago.
Foreign institutions’ net buying declined substantially to QR92.07mn against QR154.23mn the previous week.
Total trade volume grew 32% to 61.12mn shares, value by 27% to QR1.7bn and transactions by 13% to 31,248 this week.
The telecom sector’s trade volume more than tripled to 5.7mn equities and value almost doubled to QR100.18mn on 45% rise in deals to 2,565.
The insurance sector’s trade volume soared 78% to 2.9mn stocks, value by 18% to QR60.62mn and transactions by 88% to 1,558.
The consumer goods sector reported 56% surge in trade volume to 2.76mn shares, 87% in value to QR318.69mn and 39% in deals to 2,666.
The real estate sector’s trade volume expanded 32% to 18.99mn equities and value by 7% to QR254.07mn, whereas transactions were down 2% to 7,098.
There was 24% expansion in the industrials sector’s trade volume to 15.67mn stocks, 22% in value to QR334.04mn and 5% in deals to 9,833.
The banks and financial sector’s trade volume shot up 16% to 12.57mn shares, value by 28% to QR584.84mn and transactions by 25% to 6,303.
However, the transport sector saw 26% plunge in trade volume to 2.22mn equities, 48% in value to QR49.47mn and 8% in deals to 1,225.
