The Qatar Stock Exchange on Wednesday witnessed intense buying interests, particularly in the telecom counter, but overall it translated into a mere 12 points addition, failing to break the 10,600 resistance levels.
Domestic institutions were seen bullish as the 20-stock Qatar Index gained 0.12% to 10,590.6 points.
Gulf institutions’ weakened net profit booking was seen influencing the market, whose key benchmark closed 2.83% higher year-to-date.
Market capitalisation gained more than QR1bn, or 0.24%, to QR582.84bn mainly owing to small and microcap segments.
Islamic equities were seen declining in an otherwise bullish market, where the Gulf individuals were seen net sellers.
Trade turnover shrank amidst higher volumes in the bourse, where the consumer goods and real estate sectors together accounted for about 66% of the total volume.
The Total Return Index grew 0.12% to 19,487.61 points and the All Share Index by 0.19% to 3,128.89 points, while the Al Rayan Islamic Index (Price) was down 0.04% to 2,407.1 points.
The telecom index soared 2.2%, followed by realty (0.56%), banks and financial services (0.37%), insurance (0.24%) and consumer goods (0.05%); transport and industrials declined 1.11% and 0.45% respectively.
Major movers included Ooredoo, Qatar Islamic Insurance, QNB, Aamal Company, Al Khaleej Takaful, Ezdan, Barwa, United Development Company and Qatar Islamic Bank; even as Doha Bank, Islamic Holding Group, Mannai Corporation, Industries Qatar, Doha Insurance, Nakilat and Gulf Warehousing were among the losers.
Domestic institutions turned net buyers to the tune of QR4.91mn against net sellers of QR8.28mn on Tuesday.
Gulf institutions’ net profit booking weakened marginally to QR11.84mn compared to QR13.57mn on July 2.
However, local retail investors’ net selling increased influentially to QR15.94mn against QR13.79mn the previous day.
Gulf individuals turned net sellers to the extent of QR8.65mn compared with net buyers of QR0.16mn on Tuesday.
Non-Qatari individuals’ net profit booking strengthened noticeably to QR0.81mn against QR0.02mn on July 2.
Non-Qatari institutions’ net buying decreased perceptibly to QR32.23mn compared to QR35.48mn the previous day.
Total trade volume grew 26% to 53.62mn shares, while value fell 3% to QR169.37mn and transactions by 21% to 4,204.
The transport sector’s trade volume almost tripled to 0.64mn equities and value more than doubled to QR15.36mn despite 19% lower deals at 159.
The consumer goods sector’s trade volume more than doubled to 23.89mn stocks and value rose 6% to QR29.32mn, while transactions were down 1% to 802.
The real estate sector reported a 12% surge in trade volume to 11.29mn shares but on a 36% decline in value to QR11.13mn and 25% in deals to 393.
However, the insurance sector’s trade volume plummeted 39% to 1.51mn equities, value by 47% to QR3.6mn and transactions by 23% to 148.
The banks and financial services sector saw a 25% plunge in trade volume to 8.71mn stocks, 31% in value to QR40.85mn and 31% in deals to 940.
The industrials sector’s trade volume tanked 18% to 6.9mn shares, value by 7% to QR28.3mn and transactions by 39% to 1,063.
There was a 16% shrinkage in the telecom sector’s trade volume to 0.67mn equities but on a 52% expansion in value to QR40.81mn and 35% in deals to 699.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Gulf institutions’ weakened net profit booking was seen influencing the market, whose key benchmark closed 2.83% higher year-to-date.
Market capitalisation gained more than QR1bn, or 0.24%, to QR582.84bn mainly owing to small and microcap segments.
Islamic equities were seen declining in an otherwise bullish market, where the Gulf individuals were seen net sellers.
Trade turnover shrank amidst higher volumes in the bourse, where the consumer goods and real estate sectors together accounted for about 66% of the total volume.
The Total Return Index grew 0.12% to 19,487.61 points and the All Share Index by 0.19% to 3,128.89 points, while the Al Rayan Islamic Index (Price) was down 0.04% to 2,407.1 points.
The telecom index soared 2.2%, followed by realty (0.56%), banks and financial services (0.37%), insurance (0.24%) and consumer goods (0.05%); transport and industrials declined 1.11% and 0.45% respectively.
Major movers included Ooredoo, Qatar Islamic Insurance, QNB, Aamal Company, Al Khaleej Takaful, Ezdan, Barwa, United Development Company and Qatar Islamic Bank; even as Doha Bank, Islamic Holding Group, Mannai Corporation, Industries Qatar, Doha Insurance, Nakilat and Gulf Warehousing were among the losers.
Domestic institutions turned net buyers to the tune of QR4.91mn against net sellers of QR8.28mn on Tuesday.
Gulf institutions’ net profit booking weakened marginally to QR11.84mn compared to QR13.57mn on July 2.
However, local retail investors’ net selling increased influentially to QR15.94mn against QR13.79mn the previous day.
Gulf individuals turned net sellers to the extent of QR8.65mn compared with net buyers of QR0.16mn on Tuesday.
Non-Qatari individuals’ net profit booking strengthened noticeably to QR0.81mn against QR0.02mn on July 2.
Non-Qatari institutions’ net buying decreased perceptibly to QR32.23mn compared to QR35.48mn the previous day.
Total trade volume grew 26% to 53.62mn shares, while value fell 3% to QR169.37mn and transactions by 21% to 4,204.
The transport sector’s trade volume almost tripled to 0.64mn equities and value more than doubled to QR15.36mn despite 19% lower deals at 159.
The consumer goods sector’s trade volume more than doubled to 23.89mn stocks and value rose 6% to QR29.32mn, while transactions were down 1% to 802.
The real estate sector reported a 12% surge in trade volume to 11.29mn shares but on a 36% decline in value to QR11.13mn and 25% in deals to 393.
However, the insurance sector’s trade volume plummeted 39% to 1.51mn equities, value by 47% to QR3.6mn and transactions by 23% to 148.
The banks and financial services sector saw a 25% plunge in trade volume to 8.71mn stocks, 31% in value to QR40.85mn and 31% in deals to 940.
The industrials sector’s trade volume tanked 18% to 6.9mn shares, value by 7% to QR28.3mn and transactions by 39% to 1,063.
There was a 16% shrinkage in the telecom sector’s trade volume to 0.67mn equities but on a 52% expansion in value to QR40.81mn and 35% in deals to 699.
In the debt market, there was no trading of treasury bills and sovereign bonds.
