Islamic equities were seen outperforming conventional ones Monday on the Qatar Stock Exchange, which overall gained 19 points to once again cross the 9,400 levels.
The industrials and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.12% higher at 9,417.88 points, although it touched a high of 9,432 points intraday.
Domestic funds were seen bullish in the market, whose year-to-date losses stood at 9.67%.
Market capitalisation saw QR75mn or 0.14% increase to QR550.71bn, mainly owing to microcap segments.
A total of 71,100 exchange traded funds (both QATR and QETF) valued at QR193,688 changed hands across eight transactions; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the increase on the market, where the industrials and consumer goods sectors together accounted for more than 60% of the total trading volume.
The Total Return Index grew 0.2% to 18,105.56 points and All Share Index by 0.13% to 2,942.93 points and Al Rayan Islamic Index (Price) by 0.63% to 2,144.12 points.
The industrials index soared 1.03% and consumer goods and services (0.34%); while telecom shrank 0.45%, transport (0.32%), real estate (0.1%) and banks and financial services (0.08%). The insurance index was rather flat.
About 50% of the traded constituents extended gains with major movers being Qatar German Company for Medical Devices, Qamco, Salam International Investment, Widam Food, Al Khaleej Takaful, Alijarah Holding, Inma Holding, Qatar National Cement, Industries Qatar and Mazaya Qatar; even as Qatar First Bank, Qatar Oman Investment, Al Meera, Vodafone Qatar and Dlala were among the losers.
Domestic funds turned net buyers to the tune of QR10.17mn compared with net sellers of QR9.92mn on August 9.
Foreign individuals’ net buying increased noticeably to QR0.78mn against QR0.54mn the previous day.
The Gulf individuals were net buyers to the extent of QR0.09mn compared with net sellers of QR0.54mn on Sunday.
The Arab individuals’ net selling weakened considerably to QR0.43mn against QR1.88mn on August 9.
However, Qataris turned net sellers to the tune of QR10.17mn compared with net buyers of QR10.05mn the previous day.
The Gulf funds turned net sellers to the extent of QR0.26mn against net buyers of QR0.13mn on Sunday.
Foreign funds turned net profit takers to the tune of QR0.17mn compared with net buyers of QR1.68mn on August 9.
The Arab institutions continued to have no major exposure.
Total trade volumes rose 16% to 244.52mn shares, value by 28% to QR430.73mn and transactions by 56% to 10,022.
The insurance sector’s trade volume more than doubled to 6.09mn equities and value more than doubled to QR13.29mn on more than tripled deals to 612.
The telecom sector’s trade volume more than doubled to 5.17mn stocks and value almost tripled to QR14.57mn on more than tripled transactions to 580.
The real estate sector’s trade volume almost doubled to 32.39mn shares and value soared 83% to QR38.25mn on more than doubled deals to 1,411.
There was 18% surge in the consumer goods and services sector’s trade volume to 69.36mn equities, 14% in value to QR136.66mn and 21% in transactions to 2,227.
The transport sector’s trade volume shot up 12% to 6mn stocks, value by 5% to QR25.25mn and deals by 41% to 410.
The industrials sector’s trade volume was up 8% to 78.01mn shares, value by 10% to QR69.87mn and transactions by 37% to 2,076.
The banks and financial services sector saw 13% shrinkage in trade volume to 47.5mn equities but on 36% jump in value to QR133.03mn and 53% in deals to 2,706.