The Qatar Stock Exchange on Sunday opened the week with a 40 points gain to cross the 9,900 levels, mainly lifted by the Arab and foreign individuals’ bullish fervor.
The real estate and industrials counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.4% to 9,922.52 points, although it touched a low of 9,889 points intraday.
The Gulf institutions were increasingly into buying on the market, whose year-to-date losses were contained at 4.82%.
Market capitalisation saw more than QR1bn or 0.24% increase to QR575.75bn, mainly owing to small cap segments.
A total of 42,084 exchange traded funds (both QATR and QETF) valued at QR170,467 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 decline in the market, where the industrials and realty sectors together accounted for more than 56% of the total trading volume.
The Total Return Index gained 0.4% to 19,075.72 points, All Share Index by 0.27% to 3,075.18 points and Al Rayan Islamic Index (Price) by 0.8% to 2,293.53 points.
The real estate index soared 1.09%, industrials (1.01%), insurance (0.54%), telecom (0.39%) and transport (0.09%); while consumer goods and services declined 0.08% and banks and financial services (0.01%).
About 56% of the traded constituents extended gains with major movers being Qamco, Salam International Investment, Qatar Islamic Insurance, Industries Qatar, United Development Company, Qatar First Bank, Mannai Corporation, Doha Insurance, Barwa, Mazaya Qatar and Vodafone Qatar; even as Inma Holding, Qatar Oman Investment, Medicare Group and Qatar Electricity and Water were among the losers.
The Arab individuals turned net buyers to the tune of QR22.56mn against net sellers of QR5.56mn on August 27.
The Gulf institutions’ net buying grew considerably to QR13.17mn compared to QR7.37mn the previous trading day.
Foreign individuals were net buyers to the extent of QR7.47mn against net sellers of QR2.39mn last Thursday.
However, foreign funds’ net profit booking rose significantly to QR25.87mn compared to QR19.4mn on August 27.
Local individuals’ net selling increased substantially to QR15.2mn against QR3.3mn the previous trading day.
The Gulf individuals’ net profit booking shot up noticeably to QR2.13mn compared to QR0.97mn last Thursday.
Domestic institutions’ net buying weakened markedly to QR0.05mn against QR24.26mn on August 27.
The Arab funds had no major exposure compared with net profit takers of QR0.08mn the previous day.
Total trade volumes fell 21% to 411.42mn shares, value by 18% to QR533.38mn and transactions by 17% to 10,363.
The insurance sector’s trade volume plummeted 75% to 0.83mn equities, value by 78% to QR1.56mn and deals by 60% to 85.
The banks and financial services sector saw 51% plunge in trade volume to 55.05 stocks, 42% in value to QR123.01mn and 41% in transactions to 2,210.
The industrials sector’s trade volume tanked 41% to 132.52mn shares, value by 33% to QR118.25mn and deals by 27% to 2,857.
There was a 27% shrinkage in the consumer goods and services sector’s trade volume to 81.47mn equities, 45% in value to QR68.93mn and 20% in transactions to 1,594.
However, the telecom sector’s trade volume grew more than 12-fold to 34.31mn stocks and value by eight-fold to QR46.81mn on almost tripled deals to 766.
The real estate sector reported a 58% surge in trade volume to 98.07mn shares, 70% in value to QR146.5mn and 40% in transactions to 2,186.
The transport sector’s trade volume shot up 21% to 9.17mn equities, whereas value eased 14% to QR28.32mn and deals by 21% to 665.
