Snapping four days of bearish run, the Qatar Stock Exchange on Thursday gained 28 points mainly on the back of buying interests in the banks and industrials counters.
Foreign institutions’ increased buying interests led the 20-stock Qatar Index settle 0.27% higher at 10,444.48 points.
However, there was increased selling pressure from the Gulf funds in the market, whose key benchmark closed 1.41% higher year-to-date.
Market capitalisation gained about QR2bn or 0.27% to QR576.21bn, mainly owing to mid and microcap segments.
Islamic equities were seen gaining faster than the other indices in the market, where the non-Qatari retail investors turned profit takers.
Trade turnover declined amidst higher volumes on the bourse, where the banking and consumer goods sectors together accounted for more than 60% of the total volume.
The Total Return Index grew 0.27% to 19,218.74 points, Al Rayan Islamic Index (Price) by 0.29% to 2,385.44 points and All Share Index by 0.28% to 3,091.53 points.
The banks and financial services index gained 0.48%, industrials (0.43%), transport (0.25%) and realty (0.19%); while insurance declined 0.68%, telecom (0.51%) and consumer goods (0.41%).
About 55% of the traded constituents extended gains with major movers being Commercial Bank, Doha Bank, QIIB, QNB, Qatari German Company for Medical Devices, Qatari Investors Group, Industries Qatar, Barwa and United Development Company; whereas Gulf International Services, Qatar Electricity and Water, Al Khaleej Takaful, Mazaya Qatar, Ooredoo and Milaha were among losers.
Non-Qatari institutions’ net buying increased considerably to QR57.39mn compared to QR17.445mn on June 26.
However, domestic institutions’ net profit booking increased influentially to QR36.69mn against QR25.99mn on Wednesday.
The Gulf institutions’ net selling also rose considerably to QR28.44mn compared to QR7.53mn the previous day.
However, the Gulf individuals turned net sellers to the tune of QR2.11mn against net buyers of QR1.06mn on June 26.
Non-Qatari individuals were also net sellers to the extent of QR1.56mn compared with net buyers of QR2.27mn on Wednesday.
Local retail investors’ net buying weakened marginally to QR11.35mn against QR12.75mn the previous day.
Total trade volume was up 1% to 58.51mn shares, while value fell 4% to QR288.7mn despite 46% higher transactions at 6,321.
The transport sector’s trade volume soared 87% to 0.88mn equities and value by 27% to QR22.64mn on more than doubled deals to 301.
The insurance sector reported 65% surge in trade volume to 0.28mn stocks, 79% in value to QR6.08mn and 23% in transactions to 158.
The industrials sector’s trade volume shot up 47% to 19.43mn shares, whereas value declined 443% to QR55.88mn despite 37% higher deals at 1,865.
The market witnessed 30% growth in the real estate sector’s trade volume to 1.8mn equities, 3% in value to QR24.02mn and 61% in transactions to 764.
The telecom sector’s trade volume expanded 26% to 0.78mn stocks, while value shrank 3% to QR10.38mn despite 97% higher deals at 236.
However, there was 28% plunge in the consumer goods sector’s trade volume to 14.65mn shares but on 32% growth in value to QR37.05mn and 16% in transactions to 944.
The banks and financial services sector’s trade volume was down 6% to 20.68mn equities, whereas value grew 10% to QR132.64mn and deals by 60% to 2,053.
In the debt market, there was no trading of treasury bills and sovereign bonds.
However, there was increased selling pressure from the Gulf funds in the market, whose key benchmark closed 1.41% higher year-to-date.
Market capitalisation gained about QR2bn or 0.27% to QR576.21bn, mainly owing to mid and microcap segments.
Islamic equities were seen gaining faster than the other indices in the market, where the non-Qatari retail investors turned profit takers.
Trade turnover declined amidst higher volumes on the bourse, where the banking and consumer goods sectors together accounted for more than 60% of the total volume.
The Total Return Index grew 0.27% to 19,218.74 points, Al Rayan Islamic Index (Price) by 0.29% to 2,385.44 points and All Share Index by 0.28% to 3,091.53 points.
The banks and financial services index gained 0.48%, industrials (0.43%), transport (0.25%) and realty (0.19%); while insurance declined 0.68%, telecom (0.51%) and consumer goods (0.41%).
About 55% of the traded constituents extended gains with major movers being Commercial Bank, Doha Bank, QIIB, QNB, Qatari German Company for Medical Devices, Qatari Investors Group, Industries Qatar, Barwa and United Development Company; whereas Gulf International Services, Qatar Electricity and Water, Al Khaleej Takaful, Mazaya Qatar, Ooredoo and Milaha were among losers.
Non-Qatari institutions’ net buying increased considerably to QR57.39mn compared to QR17.445mn on June 26.
However, domestic institutions’ net profit booking increased influentially to QR36.69mn against QR25.99mn on Wednesday.
The Gulf institutions’ net selling also rose considerably to QR28.44mn compared to QR7.53mn the previous day.
However, the Gulf individuals turned net sellers to the tune of QR2.11mn against net buyers of QR1.06mn on June 26.
Non-Qatari individuals were also net sellers to the extent of QR1.56mn compared with net buyers of QR2.27mn on Wednesday.
Local retail investors’ net buying weakened marginally to QR11.35mn against QR12.75mn the previous day.
Total trade volume was up 1% to 58.51mn shares, while value fell 4% to QR288.7mn despite 46% higher transactions at 6,321.
The transport sector’s trade volume soared 87% to 0.88mn equities and value by 27% to QR22.64mn on more than doubled deals to 301.
The insurance sector reported 65% surge in trade volume to 0.28mn stocks, 79% in value to QR6.08mn and 23% in transactions to 158.
The industrials sector’s trade volume shot up 47% to 19.43mn shares, whereas value declined 443% to QR55.88mn despite 37% higher deals at 1,865.
The market witnessed 30% growth in the real estate sector’s trade volume to 1.8mn equities, 3% in value to QR24.02mn and 61% in transactions to 764.
The telecom sector’s trade volume expanded 26% to 0.78mn stocks, while value shrank 3% to QR10.38mn despite 97% higher deals at 236.
However, there was 28% plunge in the consumer goods sector’s trade volume to 14.65mn shares but on 32% growth in value to QR37.05mn and 16% in transactions to 944.
The banks and financial services sector’s trade volume was down 6% to 20.68mn equities, whereas value grew 10% to QR132.64mn and deals by 60% to 2,053.
In the debt market, there was no trading of treasury bills and sovereign bonds.
