Islamic equities on Monday outshone the conventional ones as the Qatar Stock Exchange settled in the positive trajectory.
The real estate, industrials and telecom counters witnessed higher than average demand to lift the 20-stock Qatar Index marginally up 0.03% to 9,956.66 points, although it touched an intraday high of 9,969 points.
The domestic funds were increasingly net buyers and their foreign counterparts turned bullish on the market, whose year-to-date losses were at 4.5%.
Market capitalisation saw more than QR4bn or 0.7% increase to QR589.94bn, mainly owing to small and midcap segments.
A total of 68,348 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR355,526 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 increase on the bourse, where the banking and real estate sectors together accounted for more than 70% of the total trading volume.
The Total Return Index was up 0.03% to 19,141.35 points, Al Rayan Islamic Index (Price) by 0.23% to 2,340.75 points and All Share Index by 0.06% to 3,075.45 points.
The realty sector’s index soared 0.87%, industrials (0.63%) and telecom (0.35%); while transport declined 0.73%, insurance (0.32%), consumer goods and services (0.14%) and banks and financial services (0.1%).
About 55% of the traded constituents extended gains with major movers being Qatar First Bank, Ezdan, Gulf International Services, Qatar Electricity and Water, Alijarah Holding, Inma Holding, Widam Food and Vodafone Qatar.
Nevertheless, Qatar German Company for Medical Devices, Medicare Group, Dlala, Mannai Corporation, Zad Holding, Qatar Islamic Bank, Qatar Industrial Manufacturing and Milaha were among the losers.
Domestic funds’ net buying increased considerably to QR44.07mn compared to QR9.8mn on October 4.
Foreign funds turned net buyers to the tune of QR5.3mn against net sellers of QR2.95mn the previous day.
Foreign individuals’ net buying increased marginally to QR0.41mn compared to QR0.1mn on Sunday.
However, local individuals’ net selling increased significantly to QR54.4mn against QR16.9mn on October 4.
The Gulf individuals turned net sellers to the extent of QR2.38mn compared with net buyers of QR0.75mn the previous day.
The Gulf institutions’ net buying eased noticeably to QR1.49mn against QR2.55mn on Sunday.
The Arab individuals’ net buying shrank perceptibly to QR5.5mn compared to QR6.75mn on October 4.
The Arab institutions had no major exposure against net sellers to the tune of QR0.09mn the previous day.
Total trade volumes rose 18% to 312.71mn shares, value by 36% to QR679.12mn and transactions by 18% to 10,500.
The real estate sector’s trade volume almost tripled to 130.47mn equities and value more than tripled to QR259.35mn on 83% increase in deals to 2,888.
The telecom sector’s trade volume soared 74% to 9.37mn stocks and value more than doubled to QR18.01mn and transactions almost tripled to 697.
The industrials sector reported 19% jump in trade volume to 47.72mn shares, 68% in value to QR68.4mn and 46% in deals to 1,839.
However, the transport sector’s trade volume plummeted 61% to 2.69mn equities, value by 53% to QR9.98mn and transactions by 10% to 290.
There was 42% plunge in the insurance sector’s trade volume to 11.88mn stocks, 38% in value to QR25.07mn and 42% in deals to 487.
The banks and financial services sector’s trade volume tanked 25% to 89.27 shares, while value grew 13% to QR232.63mn and deals by 2% to 3,031.
The consumer goods and services sector saw 16% shrinkage in trade volume to 21.29mn equities, 34% in value to QR65.68mn and 25% in transactions to 1,268.