The Qatar Stock Exchange on Sunday opened the week strong with more than 60% of the traded constituents extending gains to investors.
Buying interests, especially within insurance, industrials and real estate counters, helped the 20-stock Qatar Index settle 57 points, or 0.56%, higher at 10,286.61 points.
Increased buying interests of foreign institutions were instrumental in lifting the market, whose key benchmark was down 0.14% year-to-date.
Market capitalisation saw more than QR2bn, or 0.45%, increase to QR571.95bn mainly owing to small and microcap segments.
Islamic equities were seen gaining slower than the other indices in the market, where domestic institutions turned bullish.
Trade turnover and volumes were on the decline in the bourse, where the industrials and banking sectors together accounted for more than 56% of the total volume.
The Total Return Index gained 0.56% to 18,924.56 points, the All Share Index by 0.51% to 3,037.31 points and the Al Rayan Islamic Index (Price) by 0.45% to 2,322.55 points.
The insurance index soared 1.8%, industrials (0.62%), real estate (0.58%), banks and financial services (0.56%) and telecom (0.1%); while transport and consumer goods declined 0.3% and 0.21% respectively.
More than 60% of the traded constituents extended gains with major movers being Qatar Insurance, Industries Qatar, Al Khaleej Takaful, Qatar Electricity and Water, QIIB, Masraf Al Rayan, Qatar First Bank, Zad Holding and Medicare Group; even as Al Khaliji, Qatari German Company for Medical Devices, Woqod and Milaha were among the losers.
Non-Qatari institutions’ net buying increased considerably to QR15.42mn compared to QR2.55mn on October 10.
Domestic funds turned net buyers to the tune of QR3.27mn against net sellers of QR7.62mn last Thursday.
Gulf institutions’ net buying strengthened perceptibly to QR1.1mn compared to QR0.44mn the previous trading day.
However, local retail investors’ net selling enhanced substantially to QR17.91mn against QR2.88mn on October 10.
Non-Qatari individuals were net sellers to the extent of QR1.1mn compared with net buyers of QR6.15mn last Thursday.
Gulf individual investors turned net profit takers of QR0.79mn against net buyers of QR1.33mn the previous trading day.
Total trade volume fell 22% to 49.13mn shares, value by 50% to QR105.91mn and transactions by 23% to 3,523.
The transport sector’s trade volume plummeted 87% to 0.3mn equities, value by 85% to QR1.02mn and deals by 72% to 63.
The consumer goods sector reported a 45% plunge in trade volume to 6.09mn stocks, 51% in value to QR11.2mn and 51% in transactions to 365.
The banks and financial services sector’s trade volume tanked 39% to 13.62mn shares, value by 66% to QR46.45mn and deals by 44% to 1,074.
There was a 23% shrinkage in the real estate sector’s trade volume to 6.84mn equities, 31% in value to QR5.41mn and 44% in transactions to 196.
The industrials sector’s trade volume shrank 10% to 14.11mn stocks, value by 21% to QR21.38mn and deals by 2% to 967.
However, the insurance sector’s trade volume almost quadrupled to 7.39mn shares and value more than tripled to QR17.83mn and transactions more than doubled to 395.
The market witnessed a 31% surge in the telecom sector’s trade volume to 0.8mn equities but on a 5% fall in value to QR2.62mn despite more than doubled deals to 463.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Increased buying interests of foreign institutions were instrumental in lifting the market, whose key benchmark was down 0.14% year-to-date.
Market capitalisation saw more than QR2bn, or 0.45%, increase to QR571.95bn mainly owing to small and microcap segments.
Islamic equities were seen gaining slower than the other indices in the market, where domestic institutions turned bullish.
Trade turnover and volumes were on the decline in the bourse, where the industrials and banking sectors together accounted for more than 56% of the total volume.
The Total Return Index gained 0.56% to 18,924.56 points, the All Share Index by 0.51% to 3,037.31 points and the Al Rayan Islamic Index (Price) by 0.45% to 2,322.55 points.
The insurance index soared 1.8%, industrials (0.62%), real estate (0.58%), banks and financial services (0.56%) and telecom (0.1%); while transport and consumer goods declined 0.3% and 0.21% respectively.
More than 60% of the traded constituents extended gains with major movers being Qatar Insurance, Industries Qatar, Al Khaleej Takaful, Qatar Electricity and Water, QIIB, Masraf Al Rayan, Qatar First Bank, Zad Holding and Medicare Group; even as Al Khaliji, Qatari German Company for Medical Devices, Woqod and Milaha were among the losers.
Non-Qatari institutions’ net buying increased considerably to QR15.42mn compared to QR2.55mn on October 10.
Domestic funds turned net buyers to the tune of QR3.27mn against net sellers of QR7.62mn last Thursday.
Gulf institutions’ net buying strengthened perceptibly to QR1.1mn compared to QR0.44mn the previous trading day.
However, local retail investors’ net selling enhanced substantially to QR17.91mn against QR2.88mn on October 10.
Non-Qatari individuals were net sellers to the extent of QR1.1mn compared with net buyers of QR6.15mn last Thursday.
Gulf individual investors turned net profit takers of QR0.79mn against net buyers of QR1.33mn the previous trading day.
Total trade volume fell 22% to 49.13mn shares, value by 50% to QR105.91mn and transactions by 23% to 3,523.
The transport sector’s trade volume plummeted 87% to 0.3mn equities, value by 85% to QR1.02mn and deals by 72% to 63.
The consumer goods sector reported a 45% plunge in trade volume to 6.09mn stocks, 51% in value to QR11.2mn and 51% in transactions to 365.
The banks and financial services sector’s trade volume tanked 39% to 13.62mn shares, value by 66% to QR46.45mn and deals by 44% to 1,074.
There was a 23% shrinkage in the real estate sector’s trade volume to 6.84mn equities, 31% in value to QR5.41mn and 44% in transactions to 196.
The industrials sector’s trade volume shrank 10% to 14.11mn stocks, value by 21% to QR21.38mn and deals by 2% to 967.
However, the insurance sector’s trade volume almost quadrupled to 7.39mn shares and value more than tripled to QR17.83mn and transactions more than doubled to 395.
The market witnessed a 31% surge in the telecom sector’s trade volume to 0.8mn equities but on a 5% fall in value to QR2.62mn despite more than doubled deals to 463.
In the debt market, there was no trading of treasury bills and sovereign bonds.
