The Qatar Stock Exchange on Monday gained more than 20 points, mainly on the back of strong buying in transport and insurance equities.
Foreign individuals were seen bullish and there was weakened net selling by foreign funds as the 20-stock Qatar Index settled 0.22% higher at 9,371.75 points, although it touched a high of 9,381 points intraday.
Nevertheless, Islamic stocks declined vis-à-vis gains in the other indices in the bourse, whose year-to-date losses were at 10.11%.
Market capitalisation saw QR34mn or 0.06% jump to QR548.09bn, mainly owing to microcap segments.
Trade turnover grew amidst lower volumes in the market, where the banking and consumer goods sectors together accounted for about 64% of the total trading volume.
The Total Return Index rose 0.22% to 18,016.87 points and All Share Index by 0.17% to 2,927.91 points, while Al Rayan Islamic Index (Price) declined 0.28% to 2,109.86 points.
The transport index shot up 1.06%, insurance (1%), banks and financial services (0.43%), real estate (0.35%) and consumer goods and services (0.35%); while telecom and industrials declined 1.32% and 0.84% respectively.
More than 51% of the traded constituents extended gains with major movers being Qatar German Company for Medical Devices, Qatar General Insurance and Reinsurance, Commercial Bank, Baladna, Alijarah Holding, Qatar First Bank, Qatar Electricity and Water and Nakilat.
Nevertheless, Dlala, Qatari Investors Group, Qatar Oman Investment, Ahlibank Qatar, Industries Qatar, Medicare Group, Qamco and Ooredoo were among the losers.
Foreign individuals turned net buyers to the tune of QR0.33mn compared with net sellers of QR2.94mn on July 27.
The Arab institutions were seen net buyers to the extent of QR0.09mn against no major exposure on Monday.
The Arab individuals’ net selling declined considerably to QR0.99mn compared to QR9.54mn the previous day.
Foreign institutions’ net profit booking also shrank perceptibly to QR10.55mn against QR14.68mn on July 27.
The Gulf individuals’ net selling eased marginally to QR0.99mn compared to QR1.22mn on Monday.
However, local retail investors’ net selling grew noticeably to QR9.31mn against QR7.85mn the previous day.
The Gulf institutions turned net sellers to the tune of QR4.66mn compared with net buyers of QR1.26mn on July 27.
Domestic funds’ net buying weakened influentially to QR26.04mn against QR32.54mn on Monday.
Total trade volumes fell 18% to 205.67mn shares, while value rose 5% to QR412.08mn and transactions by 8% to 9,470.
The industrials sector’s trade volume plummeted 46% to 35.42mn equities, value by 32% to QR53.62mn and deals by 5% to 1,819.
The banks and financial services sector reported 33% plunge in trade volume to 67.09mn stocks, 10% in value to QR162.81mn and 1% in transactions to 3,469.
The insurance sector’s trade volume tanked 32% to 10.19mn shares, value by 24% to QR20.54mn and 39% in deals to 378.
There was 30% shrinkage in the real estate sector’s trade volume to 21.01mn equities, 12% in value to QR39.33mn and transactions by 10% to 1,007.
The telecom sector’s trade volume shrank 16% to 4.54mn stocks, whereas value grew 68% to QR14.62mn on more than doubled deals to 550.
However, the transport sector’s trade volume more than doubled to 3.77mn shares and value almost doubled to QR11.11mn on more than doubled transactions to 353.
The consumer goods and services sector’s trade volume almost doubled to 63.64mn equities and value more than doubled to QR110.04mn on 57% jump in deals to 1,894.
In the debt market, there was no trading of sovereign bonds and treasury bills.