The Qatar Stock Exchange on Tuesday continued to gain for the fourth straight session on strong buying interests, especially within the telecom counter.
A sustained increase in foreign institutions’ buying interests and lower selling pressure from local retail investors rather imparted a 0.17% push to the 20-stock Qatar Index to 10,578.43 points.
The Gulf individuals were seen marginally bullish on the market, whose key benchmark closed 2.71% higher year-to-date.
Market capitalisation was up QR18mn or 0.03% to QR581.44bn mainly owing to microcap segments.
Islamic equities were seen gaining slower than the main index on the market, where domestic institutions turned bearish and there was increased net selling pressure from the Gulf funds.
Trade turnover and volumes were on the decline on the bourse, where the banks and real estate sectors together accounted for more than 51% of the total volume.
The Total Return Index grew 0.17% to 19,465.21 points, Al Rayan Islamic Index (Price) by 0.07% to 2,407.99 points and All Share Index by 0.07% to 3,122.81 points.
The telecom index soared 1.02%, realty (0.34%) and banks and financial services (0.22%); while insurance declined 1.75%, industrials (0.18%), transport (0.17%) and consumer goods (0.13%).
More than 45% of the traded stocks were in the positive with major movers being Ooredoo, Qatar Islamic Bank, Doha Bank, Qatar Oman Investment, Gulf International Services, Al Khaleej Takaful and Barwa; whereas QNB, QIIB, Alijarah Holding, Qatari German Company for Medical Devices, Qatari Investors Group, Aamal Company, Qatar Insurance, Qatar Islamic Insurance and Gulf Warehousing were among the losers.
Non-Qatari institutions’ net buying increased influentially to QR35.48mn compared to QR32.7mn the previous day.
The Gulf individuals turned net buyers to the tune of QR0.16mn against net profit takers of QR4.33mn on Monday.
Non-Qatari individuals’ net selling declined noticeably to QR0.02mn compared to QR7.02mn on July 1.
Local retail investors’ net profit booking weakened marginally to QR13.79mn against QR17.92mn the previous day.
However, domestic institutions were net sellers to the extent of QR8.28mn compared with net buyers of QR2.54mn on Monday.
The Gulf institutions’ net profit booking grew significantly to QR13.57mn against QR5.96mn on July 1.
Total trade volume fell 22% to 42.47mn shares, value by 8% to QR174.36mn and transactions by 22% to 5,348.
The industrials sector’s trade volume soared 62% to 8.44mn equities, value by 26% to QR30.37mn and deals by 25% to 1,754.
The banks and financial services sector saw 31% plunge in trade volume to 11.62mn stocks, 5% in value to QR58.95mn and 27% in transactions to 1,354.
The insurance sector’s trade volume tanked 27% to 2.47mn shares, value by 6% to QR6.74mn and deals by 7% to 193.
The telecom sector reported 11% shrinkage in trade volume to 0.8mn equities but on 50% growth in value to QR26.91mn despite 6% lower transactions at 518.
The consumer goods sector’s trade volume shrank 10% to 8.83mn stocks, value by 20% to QR27.79mn and deals by 21% to 807.
However, the real estate sector’s trade volume grew almost seven-fold to 10.09mn shares, whereas value deflated 12% to QR17.37mn and transactions by 31% to 526.
There was 10% jump in the transport sector’s trade volume to 0.23mn equities but on 13% fall in value to QR6.23mn despite 39% higher deals at 196.
In the debt market, there was no trading of treasury bills and sovereign bonds.
The Gulf individuals were seen marginally bullish on the market, whose key benchmark closed 2.71% higher year-to-date.
Market capitalisation was up QR18mn or 0.03% to QR581.44bn mainly owing to microcap segments.
Islamic equities were seen gaining slower than the main index on the market, where domestic institutions turned bearish and there was increased net selling pressure from the Gulf funds.
Trade turnover and volumes were on the decline on the bourse, where the banks and real estate sectors together accounted for more than 51% of the total volume.
The Total Return Index grew 0.17% to 19,465.21 points, Al Rayan Islamic Index (Price) by 0.07% to 2,407.99 points and All Share Index by 0.07% to 3,122.81 points.
The telecom index soared 1.02%, realty (0.34%) and banks and financial services (0.22%); while insurance declined 1.75%, industrials (0.18%), transport (0.17%) and consumer goods (0.13%).
More than 45% of the traded stocks were in the positive with major movers being Ooredoo, Qatar Islamic Bank, Doha Bank, Qatar Oman Investment, Gulf International Services, Al Khaleej Takaful and Barwa; whereas QNB, QIIB, Alijarah Holding, Qatari German Company for Medical Devices, Qatari Investors Group, Aamal Company, Qatar Insurance, Qatar Islamic Insurance and Gulf Warehousing were among the losers.
Non-Qatari institutions’ net buying increased influentially to QR35.48mn compared to QR32.7mn the previous day.
The Gulf individuals turned net buyers to the tune of QR0.16mn against net profit takers of QR4.33mn on Monday.
Non-Qatari individuals’ net selling declined noticeably to QR0.02mn compared to QR7.02mn on July 1.
Local retail investors’ net profit booking weakened marginally to QR13.79mn against QR17.92mn the previous day.
However, domestic institutions were net sellers to the extent of QR8.28mn compared with net buyers of QR2.54mn on Monday.
The Gulf institutions’ net profit booking grew significantly to QR13.57mn against QR5.96mn on July 1.
Total trade volume fell 22% to 42.47mn shares, value by 8% to QR174.36mn and transactions by 22% to 5,348.
The industrials sector’s trade volume soared 62% to 8.44mn equities, value by 26% to QR30.37mn and deals by 25% to 1,754.
The banks and financial services sector saw 31% plunge in trade volume to 11.62mn stocks, 5% in value to QR58.95mn and 27% in transactions to 1,354.
The insurance sector’s trade volume tanked 27% to 2.47mn shares, value by 6% to QR6.74mn and deals by 7% to 193.
The telecom sector reported 11% shrinkage in trade volume to 0.8mn equities but on 50% growth in value to QR26.91mn despite 6% lower transactions at 518.
The consumer goods sector’s trade volume shrank 10% to 8.83mn stocks, value by 20% to QR27.79mn and deals by 21% to 807.
However, the real estate sector’s trade volume grew almost seven-fold to 10.09mn shares, whereas value deflated 12% to QR17.37mn and transactions by 31% to 526.
There was 10% jump in the transport sector’s trade volume to 0.23mn equities but on 13% fall in value to QR6.23mn despite 39% higher deals at 196.
In the debt market, there was no trading of treasury bills and sovereign bonds.
