Higher than average demand, especially for Islamic stocks, Tuesday lifted the Qatar Stock Exchange by more than 26 points.
The transport, industrials and banking counters witnessed stronger buying interests as the 20-stock Qatar Index settled 0.29% higher at 9,160.5 points.
Market capitalisation saw more than QR3bn, or 0.68%, expansion to QR520.32bn mainly owing to mid and small cap segments.
Gulf funds and Arab individuals were seen bullish in the market, where the foreign institutions continued to be net seller but with lesser intensity.
Trade turnover and volumes were on the increase in the market, where the realty and industrials sectors together accounted for about 63% of the total trading volume.
The Total Return Index gained 0.26% to 17,610.76 points, the All Share Index by 0.48% to 2,841 points and the Al Rayan Islamic Index (Price) by 0.72% to 2,061.78 points.
The transport index soared 1.42%, industrials (0.64%), banks and financial services (0.55%), real estate (0.37%) and consumer goods and services (0.06%); while insurance and telecom declined 1.14% and 0.45% respectively.
More than 64% of the traded constituents extended gains with major movers being Gulf Warehousing, Milaha, Qatari Investors Group, Qamco, Mesaieed Petrochemical Holding, Mazaya Qatar, Ahlibank Qatar, QIIB, Qatar First Bank, Alijarah Holding, Medicare Group, Widam Food and Vodafone Qatar; whereas Ooredoo, Qatar Insurance, Barwa, Qatar Electricity and Water, Qatar Islamic Bank and Qatari German Company for Medical Devices were among the losers.
Gulf funds turned net buyers to the tune of QR5.73mn compared to QR5.1mn the previous day.
Arab individuals were also net buyers to the extent of QR4.54mn against net sellers of QR1.71mn on June 15.
Foreign individuals’ net buying increased noticeably to QR3.41mn compared to QR2.08mn on Monday.
Foreign institutions’ net selling declined perceptibly to QR14.75mn against QR19.16mn the previous day.
However, local retail investors turned net sellers to the extent of QR6.28mn compared with net buyers of QR14.62mn on June 15.
Gulf individuals were net buyers to the tune of QR0.29mn against net sellers of QR1mn on Monday.
Domestic funds’ net buying weakened considerably to QR7.05mn compared to QR10.36mn the previous day.
Arab institutions had no major exposure against net profit takers to the extent of QR7mn on June 15.
Total trade volumes rose 15% to 207.83mn shares, value by 4% to QR322.02mn and transactions by 1% to 7,473.
The insurance sector’s trade volume almost quadrupled to 9.5mn equities and value more than tripled to QR18.4mn on more- than-tripled deals to 510.
The industrials sector’s trade volume almost doubled to 62.79mn stocks, value soared 61% to QR73.77mn and transactions by 25% to 1,881.
The banks and financial services sector saw 15% jump in trade volume to 44.55mn shares, 2% in value to QR117.41mn and 19% in deals to 2,638.
However, the consumer goods and services sector’s trade volume plummeted 24% to 15.14mn equities, value by 43% to QR23.14mn and transactions by 38% to 693.
There was a 21% plunge in the transport sector’s trade volume to 5.14mn stocks, 11% in value to QR15.72mn and 34% in deals to 341.
The telecom sector’s trade volume tanked 17% to 3.56mn shares, value by 26% to QR6.36mn and transactions by 35% to 232.
The real estate sector reported a 14% shrinkage in trade volume to 67.15mn equities, 13% in value to QR67.22mn and 24% in deals to 1,178.
In the debt market, there was no trading of sovereign bonds and treasury bills.
Market capitalisation saw more than QR3bn, or 0.68%, expansion to QR520.32bn mainly owing to mid and small cap segments.
Gulf funds and Arab individuals were seen bullish in the market, where the foreign institutions continued to be net seller but with lesser intensity.
Trade turnover and volumes were on the increase in the market, where the realty and industrials sectors together accounted for about 63% of the total trading volume.
The Total Return Index gained 0.26% to 17,610.76 points, the All Share Index by 0.48% to 2,841 points and the Al Rayan Islamic Index (Price) by 0.72% to 2,061.78 points.
The transport index soared 1.42%, industrials (0.64%), banks and financial services (0.55%), real estate (0.37%) and consumer goods and services (0.06%); while insurance and telecom declined 1.14% and 0.45% respectively.
More than 64% of the traded constituents extended gains with major movers being Gulf Warehousing, Milaha, Qatari Investors Group, Qamco, Mesaieed Petrochemical Holding, Mazaya Qatar, Ahlibank Qatar, QIIB, Qatar First Bank, Alijarah Holding, Medicare Group, Widam Food and Vodafone Qatar; whereas Ooredoo, Qatar Insurance, Barwa, Qatar Electricity and Water, Qatar Islamic Bank and Qatari German Company for Medical Devices were among the losers.
Gulf funds turned net buyers to the tune of QR5.73mn compared to QR5.1mn the previous day.
Arab individuals were also net buyers to the extent of QR4.54mn against net sellers of QR1.71mn on June 15.
Foreign individuals’ net buying increased noticeably to QR3.41mn compared to QR2.08mn on Monday.
Foreign institutions’ net selling declined perceptibly to QR14.75mn against QR19.16mn the previous day.
However, local retail investors turned net sellers to the extent of QR6.28mn compared with net buyers of QR14.62mn on June 15.
Gulf individuals were net buyers to the tune of QR0.29mn against net sellers of QR1mn on Monday.
Domestic funds’ net buying weakened considerably to QR7.05mn compared to QR10.36mn the previous day.
Arab institutions had no major exposure against net profit takers to the extent of QR7mn on June 15.
Total trade volumes rose 15% to 207.83mn shares, value by 4% to QR322.02mn and transactions by 1% to 7,473.
The insurance sector’s trade volume almost quadrupled to 9.5mn equities and value more than tripled to QR18.4mn on more- than-tripled deals to 510.
The industrials sector’s trade volume almost doubled to 62.79mn stocks, value soared 61% to QR73.77mn and transactions by 25% to 1,881.
The banks and financial services sector saw 15% jump in trade volume to 44.55mn shares, 2% in value to QR117.41mn and 19% in deals to 2,638.
However, the consumer goods and services sector’s trade volume plummeted 24% to 15.14mn equities, value by 43% to QR23.14mn and transactions by 38% to 693.
There was a 21% plunge in the transport sector’s trade volume to 5.14mn stocks, 11% in value to QR15.72mn and 34% in deals to 341.
The telecom sector’s trade volume tanked 17% to 3.56mn shares, value by 26% to QR6.36mn and transactions by 35% to 232.
The real estate sector reported a 14% shrinkage in trade volume to 67.15mn equities, 13% in value to QR67.22mn and 24% in deals to 1,178.
In the debt market, there was no trading of sovereign bonds and treasury bills.
