The Qatar Stock Exchange on Wednesday a made 15 points gain, but remained below 10,500 levels, mainly lifted by insurance, banks, consumer goods and transport sectors.
The 20-stock Qatar Index settled 0.14% higher at 10,444.52 points, even as foreign institutions substantially lowered exposure in view of Christmas but overall they were marginally bullish.
Local retail investors’ net selling was seen weakening on the market, which reported 1.41% gains year-to-date.
Market capitalisation saw more than QR1bn or 0.23% jump to QR583.4bn mainly owing to microcap segments.
Islamic stocks were seen declining vis-à-vis gains in the other indices on the market, where domestic funds’ net buying considerably weakened.
Trade turnover and volumes were on the decline on the bourse, where banking and consumer goods sectors together accounted for about 63% of the total volume.
The Total Return Index was up 0.14% to 19,218.81 points and All Share Index by 0.25% to 3,105.8 points, while Al Rayan Islamic Index (Price) fell 0.04% to 2,323.42 points.
The insurance index gained 0.56%, banks and financial services (0.33%), consumer goods (0.29%), transport (0.23%), telecom (0.11%) and real estate (0.07%); while industrials was down 0.01%.
Major gainers included Qatar Oman Investment, Dlala, QNB, Commercial Bank, Salam International Investment, Qatari Investors Group, Qatar General Insurance and Reinsurance, United Development Company, Gulf Warehousing and Ezdan; even as Doha Bank, QIIB, Qatar First Bank, Aamal Company and Ooredoo were among the losers.
Non-Qatari institutions were net buyers to the tune of QR1.02mn compared with net sellers of QR22.65mn on December 24.
Non-Qatari individuals’ net buying rose marginally to QR2.71mn against QR2.57mn the previous day.
Local retail investors’ net profit booking eased marginally to QR14.73mn compared to QR14.76mn on Tuesday.
However, domestic institutions’ net buying weakened considerably to QR6.5mn against QR26.72mn on December 24.
The Gulf institutions’ net buying also declined noticeably to QR4.62mn compared to QR7.63mn the previous day.
The Gulf individual investors were net sellers to the tune of QR0.12mn against net buyers of QR0.48mn on Tuesday.
Total trade volumes fell 20% to 45.52mn shares, value by 56% to QR70.7mn and transactions by 48% to 2,259.
The real estate sector’s trade volume plummeted 74% to 2.96mn equities, value by 77% to QR3.77mn and deals by 67% to 116.
The telecom sector reported 65% plunge in trade volume to 0.74mn stocks, 80% in value to QR1.58mn and 80% in transactions to 63.
The transport sector’s trade volume tanked 37% to 1.81mn shares, value by 34% to QR5.21mn and deals by 35% to 112.
The banks and financial services sector saw 30% shrinkage in trade volume to 15.83mn equities, 73% in value to QR22.56mn and 60% in transactions to 546.
The industrials sector’s trade volume shrank 22% to 8.21mn stocks, value by 48% to QR12.54mn and deals by 32% to 594.
However, the insurance sector’s trade volume more than tripled to 3.28mn shares and value also more than tripled to QR9.27mn but on 1% fall in transactions to 99.
The consumer goods sector’s trade volume more than doubled to 12.71mn equities, whereas value declined 13% to QR15.77mn and deals by 37% to 729.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Local retail investors’ net selling was seen weakening on the market, which reported 1.41% gains year-to-date.
Market capitalisation saw more than QR1bn or 0.23% jump to QR583.4bn mainly owing to microcap segments.
Islamic stocks were seen declining vis-à-vis gains in the other indices on the market, where domestic funds’ net buying considerably weakened.
Trade turnover and volumes were on the decline on the bourse, where banking and consumer goods sectors together accounted for about 63% of the total volume.
The Total Return Index was up 0.14% to 19,218.81 points and All Share Index by 0.25% to 3,105.8 points, while Al Rayan Islamic Index (Price) fell 0.04% to 2,323.42 points.
The insurance index gained 0.56%, banks and financial services (0.33%), consumer goods (0.29%), transport (0.23%), telecom (0.11%) and real estate (0.07%); while industrials was down 0.01%.
Major gainers included Qatar Oman Investment, Dlala, QNB, Commercial Bank, Salam International Investment, Qatari Investors Group, Qatar General Insurance and Reinsurance, United Development Company, Gulf Warehousing and Ezdan; even as Doha Bank, QIIB, Qatar First Bank, Aamal Company and Ooredoo were among the losers.
Non-Qatari institutions were net buyers to the tune of QR1.02mn compared with net sellers of QR22.65mn on December 24.
Non-Qatari individuals’ net buying rose marginally to QR2.71mn against QR2.57mn the previous day.
Local retail investors’ net profit booking eased marginally to QR14.73mn compared to QR14.76mn on Tuesday.
However, domestic institutions’ net buying weakened considerably to QR6.5mn against QR26.72mn on December 24.
The Gulf institutions’ net buying also declined noticeably to QR4.62mn compared to QR7.63mn the previous day.
The Gulf individual investors were net sellers to the tune of QR0.12mn against net buyers of QR0.48mn on Tuesday.
Total trade volumes fell 20% to 45.52mn shares, value by 56% to QR70.7mn and transactions by 48% to 2,259.
The real estate sector’s trade volume plummeted 74% to 2.96mn equities, value by 77% to QR3.77mn and deals by 67% to 116.
The telecom sector reported 65% plunge in trade volume to 0.74mn stocks, 80% in value to QR1.58mn and 80% in transactions to 63.
The transport sector’s trade volume tanked 37% to 1.81mn shares, value by 34% to QR5.21mn and deals by 35% to 112.
The banks and financial services sector saw 30% shrinkage in trade volume to 15.83mn equities, 73% in value to QR22.56mn and 60% in transactions to 546.
The industrials sector’s trade volume shrank 22% to 8.21mn stocks, value by 48% to QR12.54mn and deals by 32% to 594.
However, the insurance sector’s trade volume more than tripled to 3.28mn shares and value also more than tripled to QR9.27mn but on 1% fall in transactions to 99.
The consumer goods sector’s trade volume more than doubled to 12.71mn equities, whereas value declined 13% to QR15.77mn and deals by 37% to 729.
In the debt market, there was no trading of treasury bills and sovereign bonds.
