The Qatar Stock Exchange on Sunday opened the week on a stronger note, albeit at lower levels, mainly lifted by increased buying interests of the Gulf institutions.
Insurance and transport counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.07% higher at 10,355.45 points.
Local retail investors’ weakened net selling pressure also helped the market, whose sensitive index is up 0.55% year-to-date.
Market capitalisation, however, declined QR20mn or 0.03% to QR579.15bn mainly owing to microcap segments.
Islamic equities were seen gaining faster than the main index in the market, where foreign institutions turned net profit takers.
Trade turnover and volumes were on the decline on the bourse, where banking and industrials sectors together accounted for about 70% of the total volume.
The Total Return Index was up 0.07% to 19,054.91 points and Al Rayan Islamic Index (Price) by 0.08% to 2,413.84 points, while All Share Index was down 0.1% to 3,151.19 points.
The insurance index gained 0.74%, transport (0.3%), consumer goods (0.08%) and banks and financial services (0.03%); while real estate declined 1.09%, telecom (0.43%) and consumer goods (0.17%).
Major movers included Qatar First Bank, Alijarah Holding, Medicare Group, Qatar National Cement, Qatar Insurance and Gulf Warehousing; even as Dlala, Ezdan, Mazaya Qatar, Vodafone Qatar and Ooredoo were among the losers.
The Gulf institutions’ net buying increased significantly to QR15.43mn compared to QR0.63mn the previous trading day.
The Gulf individual investors’ net buying grew marginally to QR0.33mn against QR0.07mn on April 18.
Local retail investors’ net profit booking weakened noticeably to QR17.59mn compared to QR42.46mn last Thursday.
However, non-Qatari institutions turned net sellers to the tune of QR6.34mn against net buyers of QR24.34mn on April 18.
Non-Qatari individuals were also net sellers to the extent of QR1.53mn compared with net buyers of QR1.97mn the previous trading day.
Domestic institutions’ net buying declined perceptibly to QR9.7mn against QR15.42mn last Thursday.
Total trade volume fell 28% to 8.84mn shares, value by 7% to QR217.92mn and transactions by 36% to 3,443.
The telecom sector’s trade volume plummeted 78% to 0.7mn equities, value by 70% to QR8.08mn and deals by 75% to 160.
There was 31% plunge in the industrials sector’s trade volume to 2.93mn stocks, 6% in value to QR63.42mn and 18% in transactions to 1,693.
The insurance sector’s trade volume tanked 21% to 0.11mn shares, while value rose 9% to QR3.93mn despite 69% higher deals at 55.
The realty sector reported 15% shrinkage in trade volume to 1.11mn equities, 15% in value to QR15.04mn and 48% in transactions to 360.
The consumer goods sector’s trade volume was down 9% to 0.4mn stocks, value by 22% to QR18.47mn and deals by 40% to 247.
However, the transport sector’s trade volume more than doubled to 0.36mn shares and value also more than doubled to QR9.69mn on 2% jump in transactions to 152.
The banks and financial services sector saw 13% surge in trade volume to 3.23mn equities and 10% in value to QR99.29mn but on 36% contraction in deals to 776.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Local retail investors’ weakened net selling pressure also helped the market, whose sensitive index is up 0.55% year-to-date.
Market capitalisation, however, declined QR20mn or 0.03% to QR579.15bn mainly owing to microcap segments.
Islamic equities were seen gaining faster than the main index in the market, where foreign institutions turned net profit takers.
Trade turnover and volumes were on the decline on the bourse, where banking and industrials sectors together accounted for about 70% of the total volume.
The Total Return Index was up 0.07% to 19,054.91 points and Al Rayan Islamic Index (Price) by 0.08% to 2,413.84 points, while All Share Index was down 0.1% to 3,151.19 points.
The insurance index gained 0.74%, transport (0.3%), consumer goods (0.08%) and banks and financial services (0.03%); while real estate declined 1.09%, telecom (0.43%) and consumer goods (0.17%).
Major movers included Qatar First Bank, Alijarah Holding, Medicare Group, Qatar National Cement, Qatar Insurance and Gulf Warehousing; even as Dlala, Ezdan, Mazaya Qatar, Vodafone Qatar and Ooredoo were among the losers.
The Gulf institutions’ net buying increased significantly to QR15.43mn compared to QR0.63mn the previous trading day.
The Gulf individual investors’ net buying grew marginally to QR0.33mn against QR0.07mn on April 18.
Local retail investors’ net profit booking weakened noticeably to QR17.59mn compared to QR42.46mn last Thursday.
However, non-Qatari institutions turned net sellers to the tune of QR6.34mn against net buyers of QR24.34mn on April 18.
Non-Qatari individuals were also net sellers to the extent of QR1.53mn compared with net buyers of QR1.97mn the previous trading day.
Domestic institutions’ net buying declined perceptibly to QR9.7mn against QR15.42mn last Thursday.
Total trade volume fell 28% to 8.84mn shares, value by 7% to QR217.92mn and transactions by 36% to 3,443.
The telecom sector’s trade volume plummeted 78% to 0.7mn equities, value by 70% to QR8.08mn and deals by 75% to 160.
There was 31% plunge in the industrials sector’s trade volume to 2.93mn stocks, 6% in value to QR63.42mn and 18% in transactions to 1,693.
The insurance sector’s trade volume tanked 21% to 0.11mn shares, while value rose 9% to QR3.93mn despite 69% higher deals at 55.
The realty sector reported 15% shrinkage in trade volume to 1.11mn equities, 15% in value to QR15.04mn and 48% in transactions to 360.
The consumer goods sector’s trade volume was down 9% to 0.4mn stocks, value by 22% to QR18.47mn and deals by 40% to 247.
However, the transport sector’s trade volume more than doubled to 0.36mn shares and value also more than doubled to QR9.69mn on 2% jump in transactions to 152.
The banks and financial services sector saw 13% surge in trade volume to 3.23mn equities and 10% in value to QR99.29mn but on 36% contraction in deals to 776.
In the debt market, there was no trading of treasury bills and sovereign bonds.
