The Qatar Stock Exchange on Monday gained more than 55 points to inch near 9,400 levels, mainly on the back of buying interests in consumer goods, transport and real estate segments.

Foreign institutions and Arab individuals were seen net buyers as the 20-stock Qatar Index settled 0.59% higher at 9,371.73 points although it touched a low of 9,321 points intraday.

However, domestic funds were seen bearish and there was increased net selling by Gulf funds on the bourse, whose year-to-date losses were at 10.11%.

Market capitalisation saw about QR3bn or 0.47% increase to QR546.87bn mainly owing to mid and small cap segments.

Trade turnover and volumes were on the increase on the market, where the industrials and banking sectors together accounted for more than 53% of the total trading volume.

The Total Return Index rose 0.59% to 18,016.85 points, Al Rayan Islamic Index (Price) by 0.12% to 2,109.98 points and All Share Index by 0.57% to 2,924.98 points.

The consumer goods and services index shot up 1.16%, transport (1.1%), realty (0.82%), industrials (0.62%), telecom (0.48%), banks and financial services (0.44%) and insurance (0;04%).

More than 55% of the traded constituents were in the red with major movers being Qatar German Company for Medical Devices, Qatari Investors Group, Gulf International Services, Al Khaleej Takaful, Barwa, Vodafone Qatar, Milaha, Nakilat. Commercial Bank and Dlala; even as Baladna, Qamco, Salam International Investment, Alijarah Holding, Inma Holding, Qatar Oman Investment and Gulf Warehousing were among the losers.

Foreign funds turned net buyers to the tune of QR36.67mn compared with net sellers of QR4.4mn on July 19.

The Arab individuals were also net buyers to the extent of QR3.27mn against net sellers of QR1.6mn the previous day.

However, domestic funds turned net sellers to the tune of QR26.68mn compared with net buyers of QR3.59mn on Sunday.

The Gulf institutions’ net selling increased significantly to QR10.29mn against QR3.71mn on July 19.

Foreign individuals’ net profit booking grew marginally to QR1.63mn compared to QR1.02mn the previous day.

The Gulf individuals turned net sellers to the extent of QR0.24mn against net buyers of QR1.3mn on Sunday.

Local retail investors’ net buying eased noticeably to QR0.24mn compared to QR5.88mn on July 19.

The Arab institutions continued to have no major exposure.

Total trade volumes rose 12% to 234.68mn shares, value by 60% to QR480.65mn and transactions by 45% to 9,329.

The transport sector’s trade volume almost doubled to 7.31mn equities, value soared 69% to QR20.26mn and deals by 14% to 242.

There was 84% surge in the telecom sector’s trade volume to 3.34mn stocks, almost tripling value to QR7.2mn on more than tripled transactions to 345.

The banks and financial services sector’s trade volume shot up 63% to 51.36mn shares, value more than doubled to QR185.7mn and deals more than doubled to 2,605.

The insurance sector reported 61% expansion in trade volume to 11.34mn equities and 54% in value to QR21.26mn on more than doubled transactions to 677.

The consumer goods and services sector’s trade volume increased 41% to 49.06mn stocks, value by 46% to QR91.7mn and deals by 17% to 1,631.

The industrials sector saw 3% jump in trade volume to 73.59mn shares, 48% in value to QR90.47mn and 39% in transactions to 2,246.

However, the real estate sector’s trade volume tanked 33% to 38.69mn equities and value by 22% to QR64.06mn, whereas deals were up less than 1% to 1,583.

In the debt market, there was no trading of sovereign bonds and treasury bills.

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