By Santhosh V Perumal/ Business Reporter
Robust buying interests — especially within banking, transport and real estate counters — yesterday lifted the Qatar Stock Exchange 120 points to place its key barometer above 10,400 levels amidst heightened trading.
Domestic institutions substantially increased their buying exposure, which helped the 20-stock Qatar Index surge 1.16% higher at 10,404.12 points.
Both non-Qatari and Gulf individual investors were seen marginally bullish on the market, whose key benchmark shot up 1.02% year-to-date.
Market capitalisation saw more than QR3bn or 0.61% increase to QR575.43bn, mainly owing to mid and small cap segments.
Islamic equities were seen gaining slower than the main index on the market, where local retail investors were increasingly bearish and foreign funds turned bearish.
Trade turnover and volumes were on the increase on the bourse, where banking sector alone accounted for more than 43% of the total volume.
The Total Return Index gained 1.16% to 19,144.45 points, All Share Index by 0.86% to 3,063.49 points and Al Rayan Islamic Index (Price) by 0.9% to 2,343.46 points.
The transport index soared 2.94%, realty (1.63%), banks and financial services (1.14%), telecom (0.96%), consumer goods (0.58%) and industrials (0.03%); while insurance declined 1.27%.
More than 53% of the traded constituents extended gains with major movers being Masraf Al Rayan, Qatar Islamic Bank, Commercial Bank, Doha bank, Milaha, Nakilat, Ooredoo, Mazaya Qatar, United Development Company and Medicare Group; even as Dlala, Salam International Investment, Aamal Company, Qatar Insurance, Al Khaleej Takaful, Qatar Islamic Insurance and Ezdan were among the losers.
Domestic funds’ net buying increased substantially to QR67.48mn compared to QR3.27mn on October 13.
Non-Qatari individuals turned net buyers to the tune of QR0.33mn against net sellers of QR1.1mn the previous day.
The Gulf individuals were also net buyers to the extent of QR0.3mn compared with net sellers of QR0.79mn on Sunday.
However, local retail investors’ net selling enhanced significantly to QR35.92mn against QR17.91mn on October 13.
Non-Qatari institutions were net sellers to the tune of QR29.95mn compared with net buyers of QR15.42mn the previous day.
The Gulf institutions turned net profit takers of QR2.27mn against net buyers of QR1.1mn on Sunday.
Total trade volume more than doubled to 101.23mn shares and value more than tripled to QR329.51mn on 77% rise in transactions to 6,249.
The transport sector’s trade volume grew almost 12-fold to 3.57mn equities and value by about 10-fold to QR9.8mn on more than six-fold increase in deals to 410.
The banks and financial services sector’s trade volume more than tripled to 43.65mn stocks and value by about five-fold to QR218.44mn on more than doubled transactions to 2,476.
The real estate sector’s trade volume more than doubled to 16.18mn shares and value by about six-fold to QR30.42mn on more than doubled deals to 499.
The consumer goods sector’s trade volume more than doubled to 13.08mn equities and value almost doubled to QR21.32mn on more than doubled transactions to 741.
The telecom sector’s trade volume almost doubled to 1.53mn stocks and value almost tripled to QR7.01mn on 12% jump in deals to 517.
The industrials sector reported 24% surge in trade volume to 17.55mn shares, 35% in value to QR28.76mn and 27% in transactions to 1,232.
However, the insurance sector’s trade volume shrank 23% to 5.68mn equities, value by 23% to QR13.76mn and deals by 5% to 374.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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