Local retail investors’ increased net buying Monday lifted the Qatar Stock Exchange more than 65 points to place its key index near 8,800 levels.
The telecom and industrials counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.75% higher at 8,764.53 points, although it touched a low of 8,654 points within seconds of opening.
Foreign funds continued to be net profit takers but with lesser intensity on the bourse, whose year-to-date losses were at 15.93%.
Market capitalisation saw more than QR3bn or 0.66% increase to QR495.58bn mainly owing to small and midcap segments.
Islamic stocks were seen gaining slower than the main barometer on the market, where domestic funds as well as Arab and foreign retail investors turn net sellers.
Trade turnover and volumes were on the increase on the market, where the industrials and consumer goods sectors together accounted for about 49% of the total trading volume.
The Total Return Index gained 0.75% to 16,849.52 points, All Share Index by 0.56% to 2,717.04 points and Al Rayan Islamic Index (Price) by 0.68% to 1,949 points.
The telecom index soared 2.2%, industrials (1.85%), banks and financial services (0.32%) and consumer goods and services (0.15%); whereas real estate declined 0.54%, insurance (0.12%) and transport (0.09%).
Major gainers included Ooredoo, Industries Qatar, Aamal Company, Qatari Investors Group, Mesaieed Petrochemical Holding, Qatar Islamic Bank, Gulf International Services, Alijarah Holding, Mannai Corporation, Baladna, Salam International Investment and Gulf Warehousing.
Nevertheless, Ahlibank Qatar, Commercial Bank, Qatar First Bank, Qatar German Company for Medical Devices, Qamco, Qatar Insurance, United Development Company, Barwa and Vodafone Qatar were among the losers.
Local retail investors’ net buying increased considerably to QR19.76mn against QR5.67mn on May 17.
Foreign institutions’ net selling declined noticeably to QR13.39mn compared to QR27.63mn the previous day.
However, domestic funds turned net sellers to the tune of QR6.74mn against net buyers of QR14.02mn on Sunday.
The Arab individuals were net sellers to the extent of QR0.87mn compared with net buyers of QR1.52mn on May 17.
Foreign individuals turned net profit takers to the tune of QR0.56mn against net buyers of QR7.68mn the previous day.
The Gulf individuals were net sellers to the extent of QR0.53mn compared with net buyers of QR0.39mn on Sunday.
The Gulf institutions’ net buying declined marginally to QR2.29mn against QR3.01mn on May 17.
The Arab funds had no major exposure compared with net profit takers of QR4.63mn the previous day.
Total trade volumes rose 19% to 144.21mn shares, value by 52% to QR309.21mn and transactions by 83% 10,662.
The telecom sector’s trade volume almost tripled to 5.11mn equities and value more than tripled to QR10.63mn on more than doubled deals to 473.
The banks and financial services sector’s trade volume more than doubled to 22.85mn stocks and value almost tripled to QR135.01mn on more than quadrupled transactions to 3,941.
The industrials sector’s trade volume soared 93% to 48.61mn shares, value by 38% to QR58.9mn and deals by 95% to 1,962.
There was 70% surge in the insurance sector’s trade volume to 3.83mn equities and 79% in value to QR7.61mn on more than 10-fold jump in transactions to 858.
The consumer goods and services sector’s trade volume shot up 21% to 36.21mn stocks, value by 50% to QR60.06mn and deals by 47% to 1,870.
However, there was a 63% plunge in the transport sector’s trade volume to 5.72mn shares, 60% in value to QR15.32mn and 57% in transactions to 569.
The real estate sector’s trade volume tanked 41% to 21.87mn equities, value by 25% to QR21.67mn and deals by 9% to 989.
In the debt market, there was no trading of sovereign bonds and treasury bills.
Foreign funds continued to be net profit takers but with lesser intensity on the bourse, whose year-to-date losses were at 15.93%.
Market capitalisation saw more than QR3bn or 0.66% increase to QR495.58bn mainly owing to small and midcap segments.
Islamic stocks were seen gaining slower than the main barometer on the market, where domestic funds as well as Arab and foreign retail investors turn net sellers.
Trade turnover and volumes were on the increase on the market, where the industrials and consumer goods sectors together accounted for about 49% of the total trading volume.
The Total Return Index gained 0.75% to 16,849.52 points, All Share Index by 0.56% to 2,717.04 points and Al Rayan Islamic Index (Price) by 0.68% to 1,949 points.
The telecom index soared 2.2%, industrials (1.85%), banks and financial services (0.32%) and consumer goods and services (0.15%); whereas real estate declined 0.54%, insurance (0.12%) and transport (0.09%).
Major gainers included Ooredoo, Industries Qatar, Aamal Company, Qatari Investors Group, Mesaieed Petrochemical Holding, Qatar Islamic Bank, Gulf International Services, Alijarah Holding, Mannai Corporation, Baladna, Salam International Investment and Gulf Warehousing.
Nevertheless, Ahlibank Qatar, Commercial Bank, Qatar First Bank, Qatar German Company for Medical Devices, Qamco, Qatar Insurance, United Development Company, Barwa and Vodafone Qatar were among the losers.
Local retail investors’ net buying increased considerably to QR19.76mn against QR5.67mn on May 17.
Foreign institutions’ net selling declined noticeably to QR13.39mn compared to QR27.63mn the previous day.
However, domestic funds turned net sellers to the tune of QR6.74mn against net buyers of QR14.02mn on Sunday.
The Arab individuals were net sellers to the extent of QR0.87mn compared with net buyers of QR1.52mn on May 17.
Foreign individuals turned net profit takers to the tune of QR0.56mn against net buyers of QR7.68mn the previous day.
The Gulf individuals were net sellers to the extent of QR0.53mn compared with net buyers of QR0.39mn on Sunday.
The Gulf institutions’ net buying declined marginally to QR2.29mn against QR3.01mn on May 17.
The Arab funds had no major exposure compared with net profit takers of QR4.63mn the previous day.
Total trade volumes rose 19% to 144.21mn shares, value by 52% to QR309.21mn and transactions by 83% 10,662.
The telecom sector’s trade volume almost tripled to 5.11mn equities and value more than tripled to QR10.63mn on more than doubled deals to 473.
The banks and financial services sector’s trade volume more than doubled to 22.85mn stocks and value almost tripled to QR135.01mn on more than quadrupled transactions to 3,941.
The industrials sector’s trade volume soared 93% to 48.61mn shares, value by 38% to QR58.9mn and deals by 95% to 1,962.
There was 70% surge in the insurance sector’s trade volume to 3.83mn equities and 79% in value to QR7.61mn on more than 10-fold jump in transactions to 858.
The consumer goods and services sector’s trade volume shot up 21% to 36.21mn stocks, value by 50% to QR60.06mn and deals by 47% to 1,870.
However, there was a 63% plunge in the transport sector’s trade volume to 5.72mn shares, 60% in value to QR15.32mn and 57% in transactions to 569.
The real estate sector’s trade volume tanked 41% to 21.87mn equities, value by 25% to QR21.67mn and deals by 9% to 989.
In the debt market, there was no trading of sovereign bonds and treasury bills.
