Foreign institutions’ strong buying interests Monday drove the Qatar Stock Exchange above 10,300 levels.
Insurance, banking and industrials counters witnessed higher than average demand, leading to a 0.56% or 57 points increase in the 20-stock Qatar Index to 10,310.88 points.
Local retail investors turned bearish and there was increased net selling pressure from domestic funds on the market, whose key benchmark is up 0.12% year-to-date.
Market capitalisation saw about QR3bn or 0.44% increase to QR568.91bn mainly owing to small and microcap segments.
The Gulf and non-Qatari individual investors were also seen bearish on the market, where the institutions continued to be net buyers but with lesser intensity.
Trade turnover and volumes were on the increase on the bourse, where banking sector alone accounted for about 58% of the total volume.
The Total Return Index grew 0.56% to 18,972.89 points, All Share Index by 0.5% to 3,043.23 points and Al Rayan Islamic Index (Price) by 0.36% to 2,319.66 points.
The insurance index soared 1.22%, banks and financial services (0.59%), industrials (0.58%), transport (0.3%) and telecom (0.2%); while real estate and consumer goods declined 0.06% and 0.05% respectively.
More than 52% of the traded constituents were in the red with major losers being Commercial Bank, QIIB, Islamic Holding Group, Mannai Corporation, Qatari Investors Group, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Qatar Insurance, Al Khaleej Takaful, Barwa, Vodafone Qatar, Milaha and Gulf Warehousing; even as Ezdan, Mazaya Qatar, United Development Company, Qatar First Bank and Salam International Investment were among the gainers.
Non-Qatari institutions turned net buyers to the tune of QR57.56mn compared with net sellers of QR6.87mn on November 24.
However, local retail investors were net sellers to the extent of QR34.24mn against net buyers of QR5.05mn on Sunday.
Domestic institutions’ net selling strengthened considerably to QR20.59mn compared to QR5.85mn the previous day.
The Gulf individual investors turned net profit takers to the extent of QR3.51mn against net buyers of QR1.03mn on November 24.
Non-Qatari individuals were net sellers to the tune of QR1.45mn compared with net buyers of QR3.21mn on Sunday.
The Gulf institutions’ net buying weakened noticeably to QR2.25mn against QR3.21mn the previous day.
Total trade volume rose 25% to 48.5mn shares and value more than doubled to QR267.71mn on 71% increase in transactions to 7,728.
The banks and financial services sector’s trade volume more than doubled to 27.92mn equities and value almost tripled to QR196.74mn on more than doubled deals to 4,621.
The consumer goods sector’s trade volume soared 28% to 1.52mn stocks and value more than doubled to QR22.85mn on more than tripled transactions to 1,007.
The transport sector saw 24% surge in trade volume to 1.81mn shares and 19% in value to QR6.72mn but on 23% decline in deals to 141.
The real estate sector’s trade volume shot up 12% to 5.7mn equities and value by 31% to QR8.38mn, while transactions were down 6% to 272.
There was 4% jump in the insurance sector’s trade volume to 1.11mn stocks but on 17% contraction in value to QR2.49mn despite 2% higher deals at 131.
However, the industrials’ sector’s trade volume plummeted 42% to 8.47mn shares, value by 31% to QR19.66mn and transactions by 24% to 906.
The telecom sector reported 41% plunge in trade volume to 1.97mn equities but on 40% jump in value to QR10.85mn and 95% in deals to 650.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Local retail investors turned bearish and there was increased net selling pressure from domestic funds on the market, whose key benchmark is up 0.12% year-to-date.
Market capitalisation saw about QR3bn or 0.44% increase to QR568.91bn mainly owing to small and microcap segments.
The Gulf and non-Qatari individual investors were also seen bearish on the market, where the institutions continued to be net buyers but with lesser intensity.
Trade turnover and volumes were on the increase on the bourse, where banking sector alone accounted for about 58% of the total volume.
The Total Return Index grew 0.56% to 18,972.89 points, All Share Index by 0.5% to 3,043.23 points and Al Rayan Islamic Index (Price) by 0.36% to 2,319.66 points.
The insurance index soared 1.22%, banks and financial services (0.59%), industrials (0.58%), transport (0.3%) and telecom (0.2%); while real estate and consumer goods declined 0.06% and 0.05% respectively.
More than 52% of the traded constituents were in the red with major losers being Commercial Bank, QIIB, Islamic Holding Group, Mannai Corporation, Qatari Investors Group, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Qatar Insurance, Al Khaleej Takaful, Barwa, Vodafone Qatar, Milaha and Gulf Warehousing; even as Ezdan, Mazaya Qatar, United Development Company, Qatar First Bank and Salam International Investment were among the gainers.
Non-Qatari institutions turned net buyers to the tune of QR57.56mn compared with net sellers of QR6.87mn on November 24.
However, local retail investors were net sellers to the extent of QR34.24mn against net buyers of QR5.05mn on Sunday.
Domestic institutions’ net selling strengthened considerably to QR20.59mn compared to QR5.85mn the previous day.
The Gulf individual investors turned net profit takers to the extent of QR3.51mn against net buyers of QR1.03mn on November 24.
Non-Qatari individuals were net sellers to the tune of QR1.45mn compared with net buyers of QR3.21mn on Sunday.
The Gulf institutions’ net buying weakened noticeably to QR2.25mn against QR3.21mn the previous day.
Total trade volume rose 25% to 48.5mn shares and value more than doubled to QR267.71mn on 71% increase in transactions to 7,728.
The banks and financial services sector’s trade volume more than doubled to 27.92mn equities and value almost tripled to QR196.74mn on more than doubled deals to 4,621.
The consumer goods sector’s trade volume soared 28% to 1.52mn stocks and value more than doubled to QR22.85mn on more than tripled transactions to 1,007.
The transport sector saw 24% surge in trade volume to 1.81mn shares and 19% in value to QR6.72mn but on 23% decline in deals to 141.
The real estate sector’s trade volume shot up 12% to 5.7mn equities and value by 31% to QR8.38mn, while transactions were down 6% to 272.
There was 4% jump in the insurance sector’s trade volume to 1.11mn stocks but on 17% contraction in value to QR2.49mn despite 2% higher deals at 131.
However, the industrials’ sector’s trade volume plummeted 42% to 8.47mn shares, value by 31% to QR19.66mn and transactions by 24% to 906.
The telecom sector reported 41% plunge in trade volume to 1.97mn equities but on 40% jump in value to QR10.85mn and 95% in deals to 650.
In the debt market, there was no trading of treasury bills and sovereign bonds.
