The Qatar Stock Exchange on Sunday opened the week with a 40-point gain, mainly lifted by the increased buying interests of Gulf funds and the bullish outlook of foreign institutions.
Telecom, consumer goods and transport counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.47% higher at 8,616.35 points, although it touched a high of 8,756 points within the first 30 minutes of opening.
Arab institutions continued to be net buyers but with lesser intensity on the bourse, whose year-to-date losses were at 17.35%.
Market capitalisation saw about QR2bn or 0.35% increase to QR483.911bn mainly owing to microcap segments.
Islamic stocks were seen gaining slower than the other indices on the market, where local retail investors and domestic funds were seen bearish.
Trade turnover and volumes were on the decline in the market, where realty, industrials and consumer goods sectors together accounted for more than 76% of the total trading volume.
The Total Return Index rose 0.47% to 16,510.97 points, All Share Index by 0.36% to 2,681.3 points and Al Rayan Islamic Index (Price) by 0.32% to 1,860.22 points.
The telecom index soared 1.55%, consumer goods and services (0.82%), transport (0.5%), banks and financial services (0.4%) and industrials (0.82%); whereas insurance and real estate declined 0.72% and 0.41% respectively.
About 59% of the traded constituents extended gains with major movers being Ooredoo, Commercial Bank, Dlala, Qatar Oman Investment, Islamic Holding Group, Qatari German Company for Medical Devices, Salam International Investment, Medicare Group, Al Meera, Qatar Electricity and Water, Aamal Company, Gulf International Services, Qatar General Insurance and Reinsurance, Al Khaleej Takaful, Mazaya Qatar, Ezdan, United Development Company and Nakilat; even as Widam Food, Baladna, Mannai Corporation, Qatar National Cement, Qatari Investors Group and Barwa were among the losers.
The Gulf institutions’ net buying increased noticeably to QR6.77mn compared to QR4.63mn on April 16.
Foreign institutions turned net buyers to the tune of QR1.85mn against net sellers of QR91.14mn the previous day.
However, Qatari individuals were net sellers to the extent of QR11.16mn compared with net buyers of QR41.97mn last Thursday.
Domestic funds were also net sellers to the tune of QR2.44mn against net buyers of QR27.17mn on April 16.
The Gulf individuals turned net sellers to the extent of QR1.56mn compared with net buyers of QR1.76mn the previous day.
The foreign individuals’ net buying weakened substantially to QR1.76mn against QR10.35mn last Thursday.
The Arab individuals’ net buying shrank marginally to QR4.8mn compared to QR5.29mn on April 16.
Total trade volumes fell 39% to 75.14mn shares, value by 63% to QR137.28mn and transactions by 65% to 4,672.
The industrials sector’s trade volume plummeted 61% to 16.3mn equities, value by 69% to QR27.78mn and deals by 59% to 1,182.
The insurance sector reported 57% plunge in trade volume to 1.49mn stocks 66% in value to QR3.19mn and 65% in transactions to 132.
The banks and financial services sector’s trade volume tanked 49% to 10.41mn shares, value by 79% to QR31.72mn and deals by 82% to 1,079.
The telecom sector saw 42% shrinkage in trade volume to 2.26mn equities, 71% in value to QR3.68mn and 74% in transactions to 176.
The real estate sector’s trade volume shrank 27% to 26.86mn stocks, value by 49% to QR30.12mn and deals by 43% to 838.
However, there was 13% increase in the consumer goods and services sector's trade volume to 14.08mn shares but on 10% contraction in value to QR30.06mn and 32% in transactions to 1,033.
The transport sector’s trade volume was up 1% to 3.75mn equities, whereas value declined 14% to QR10.72mn and deals by 63% to 232.
In the debt market, there was no trading of sovereign bonds and treasury bills.
Arab institutions continued to be net buyers but with lesser intensity on the bourse, whose year-to-date losses were at 17.35%.
Market capitalisation saw about QR2bn or 0.35% increase to QR483.911bn mainly owing to microcap segments.
Islamic stocks were seen gaining slower than the other indices on the market, where local retail investors and domestic funds were seen bearish.
Trade turnover and volumes were on the decline in the market, where realty, industrials and consumer goods sectors together accounted for more than 76% of the total trading volume.
The Total Return Index rose 0.47% to 16,510.97 points, All Share Index by 0.36% to 2,681.3 points and Al Rayan Islamic Index (Price) by 0.32% to 1,860.22 points.
The telecom index soared 1.55%, consumer goods and services (0.82%), transport (0.5%), banks and financial services (0.4%) and industrials (0.82%); whereas insurance and real estate declined 0.72% and 0.41% respectively.
About 59% of the traded constituents extended gains with major movers being Ooredoo, Commercial Bank, Dlala, Qatar Oman Investment, Islamic Holding Group, Qatari German Company for Medical Devices, Salam International Investment, Medicare Group, Al Meera, Qatar Electricity and Water, Aamal Company, Gulf International Services, Qatar General Insurance and Reinsurance, Al Khaleej Takaful, Mazaya Qatar, Ezdan, United Development Company and Nakilat; even as Widam Food, Baladna, Mannai Corporation, Qatar National Cement, Qatari Investors Group and Barwa were among the losers.
The Gulf institutions’ net buying increased noticeably to QR6.77mn compared to QR4.63mn on April 16.
Foreign institutions turned net buyers to the tune of QR1.85mn against net sellers of QR91.14mn the previous day.
However, Qatari individuals were net sellers to the extent of QR11.16mn compared with net buyers of QR41.97mn last Thursday.
Domestic funds were also net sellers to the tune of QR2.44mn against net buyers of QR27.17mn on April 16.
The Gulf individuals turned net sellers to the extent of QR1.56mn compared with net buyers of QR1.76mn the previous day.
The foreign individuals’ net buying weakened substantially to QR1.76mn against QR10.35mn last Thursday.
The Arab individuals’ net buying shrank marginally to QR4.8mn compared to QR5.29mn on April 16.
Total trade volumes fell 39% to 75.14mn shares, value by 63% to QR137.28mn and transactions by 65% to 4,672.
The industrials sector’s trade volume plummeted 61% to 16.3mn equities, value by 69% to QR27.78mn and deals by 59% to 1,182.
The insurance sector reported 57% plunge in trade volume to 1.49mn stocks 66% in value to QR3.19mn and 65% in transactions to 132.
The banks and financial services sector’s trade volume tanked 49% to 10.41mn shares, value by 79% to QR31.72mn and deals by 82% to 1,079.
The telecom sector saw 42% shrinkage in trade volume to 2.26mn equities, 71% in value to QR3.68mn and 74% in transactions to 176.
The real estate sector’s trade volume shrank 27% to 26.86mn stocks, value by 49% to QR30.12mn and deals by 43% to 838.
However, there was 13% increase in the consumer goods and services sector's trade volume to 14.08mn shares but on 10% contraction in value to QR30.06mn and 32% in transactions to 1,033.
The transport sector’s trade volume was up 1% to 3.75mn equities, whereas value declined 14% to QR10.72mn and deals by 63% to 232.
In the debt market, there was no trading of sovereign bonds and treasury bills.
