A sustained buying support from domestic institutions helped the Qatar Stock Exchange on Tuesday gain 19 points and its key barometer surpassed 9,900 levels.
The consumer goods and real estate counters witnessed higher-than-average demand as the 20-stock Qatar Index settled 0.19% higher at 9,909.12 points, although it touched a low of 9,875 points intraday.
Foreign funds’ substantially weakened net selling also helped the market, whose year-to-date losses further narrowed down to 4.95%.
Market capitalisation saw QR57mn or 0.1% jump to QR575.3bn, mainly owing to microcap segments.
A total of 176,104 exchange traded funds (both QATR and QETF) valued at QR475,063 changed hands across 10 transactions; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the decline on the market, where the realty and industrials sectors together accounted for more than 62% of the total trading volume.
The Total Return Index gained 0.19% to 19,049.95 points, All Share Index by 0.15% to 3,069 points and Al Rayan Islamic Index (Price) by 0.16% to 2,280.47 points.
The consumer goods and services index soared 0.96%, realty (0.34%), banks and financial services (0.16%), telecom (0.06%) and transport (0.02%); whereas insurance and industrials declined 0.23% and 0.11% respectively.
Major gainers included Medicare Group, Al Khaleej Takaful, Dlala, Baladna, Investment Holding Group, Qatari Investors Group, Commercial Bank, Salam International Investment, Aamal Company and Barwa; whereas Mazaya Qatar, Mannai Corporation, Qatar Industrial Manufacturing, Qatar National Cement, Qatar Islamic Insurance and Gulf Warehousing were among the losers.
Domestic institutions’ net buying increased markedly to QR36.88mn compared to QR32.99mn on August 24.
Foreign institutions’ net selling declined substantially to QR0.44mn against QR17.93mn the previous day.
Local retail investors’ net selling eased notably to QR26.85mn compared to QR32.99mn on Monday.
However, Arab individuals turned net sellers to the tune of QR11.56mn against net buyers of QR4.1mn on August 24.
The Gulf individuals were net sellers to the extent of QR2.36mn compared with net buyers of QR0.76mn the previous day.
The Gulf institutions’ net buying declined perceptibly to QR3.98mn against QR7.97mn on Monday.
Foreign individuals’ net buying eased noticeably to QR0.33mn compared to QR2.52mn on August 24.
The Arab institutions had no major exposure against net buyers to the extent of QR0.12mn the previous day.
Total trade volumes fell 4% to 341.94mn shares and value by 7% to QR547.93mn, while transactions declined 3% to 13,131.
The telecom sector’s trade volume plummeted 66% to 2.14mn equities, value by 50% to QR9.73mn and deals by 21% to 682.
There was 32% plunge in the transport sector’s trade volume to 6.56mn stocks, 33% in value to QR24.3mn and transactions by 18% to 728.
The banks and financial services sector’s trade volume tanked 28% to 64.56mn shares and value by 7% to QR133.37mn, whereas deals grew 21% to 3,701.
The real estate sector reported 23% shrinkage in trade volume to 80.07mn equities but on 4% jump in value to QR127.5mn and 9% in transactions to 2,663.
However, the insurance sector’s trade volume more than tripled to 13.2mn stocks and value also quadrupled to QR25.99mn on more than doubled deals to 479.
The industrials sector saw 29% surge in trade volume to 132.86mn shares but on 13% fall in value to QR134.09mn despite 5% higher transactions at 3,478.
The consumer goods and services sector’s trade volume was up 3% to 42.55mn equities, while value shrank 9% to QR92.95mn and deals by 28% to 1,400.
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