The Qatar Stock Exchange on Tuesday drove back into positive trajectory to settle above 10,000 points, mainly lifted by domestic institutions’ buying interests.
The transport and telecom counters witnessed higher than average demand as the 20-stock Qatar Index grew about 16 points or 0.16% to 10,015.52 points, although it touched an intraday high of 10,077 points.
Both foreign and Gulf institutions were increasingly net buyers on the market, whose year-to-date losses were at 3.93%.
Nevertheless, local and the Arab retail investors were increasingly net sellers and the Gulf individuals turned net profit takers on the bourse, where Islamic stocks were seen underperforming the main market and other indices.
Market capitalisation saw more than QR1bn or 0.17% increase to QR596.66bn, mainly owing to small cap segments.
A total of 10,500 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR99,635 changed hands across two transactions; while on the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover grew amidst lower volumes in the bourse, where the banks and industrials sectors together accounted for about 59% of the total trading volume.
The Total Return Index gained 0.16% to 19,254.51 points, Al Rayan Islamic Index (Price) by 0.03% to 2,348.32 points and All Share Index by 0.07% to 3,089.39 points.
The transport index shot up 1.23%, telecom (0.42%), industrials (0.11%), real estate (0.09%) and banks and financial services (0.01%); whereas insurance declined 0.38% and consumer goods and services 0.31%.
About 57% of the traded constituents extended gains with major movers being Qatar General Insurance and Reinsurance, Qatari German Medical Devices, Salam International Investment, Alijarah Holding, Qatar Oman Investment, Doha Bank, Inma Holding, Baladna, Aamal Company, Qatar Islamic Insurance and Investment Holding Group; even as Dlala, Qatar First Bank, Mannai Corporation, Ezdan, Nakilat and Milaha were among the losers.
Domestic funds’ net buying increased considerably to QR83.05mn compared to QR21.62mn on October 19.
Foreign institutions’ net buying grew substantially to QR19.61mn against QR1.92mn the previous day.
The Gulf funds’ net buying strengthened markedly to QR9.28mn compared to QR2.44mn on Monday.
However, local individuals’ net selling shot up significantly to QR75.97mn against QR13.64mn on October 19.
The Arab individuals’ net profit booking grew noticeably to QR17.85mn compared to QR6.76mn the previous day.
The Gulf individuals turned net sellers to the extent of QR10.98mn against net buyers of QR0.09mn on Monday.
Foreign individuals’ net selling was up perceptibly to QR7.07mn compared to QR4.14mn on October 19.
The Arab funds had no major exposure against net profit takers to the tune of QR1.53mn the previous day.
Total trade volumes fell 10% to 198.6mn shares, while value rose 15% to QR501.48mn but on less than 1% lower transactions at 8,394.
The real estate sector’s trade volume plummeted 47% to 37.13mn equities, value by 44% to QR77.48mn and deals by 38% to 1,354.
The market witnessed 39% plunge in the telecom sector’s trade volume to 2.42mn stocks and 55% in value to QR6.35mn but on 16% increase in transactions to 399.
The industrials sector’s trade volume tanked 27% to 48.32mn shares, value by 12% to QR59.51mn and deals by 7% to 1,743.
The consumer goods and services sector reported 12% decline in trade volume to 21.45mn equities but on 24% jump in value to QR47.21mn despite 17% lower transactions at 935.
However, the insurance sector’s trade volume more than doubled to 9.94mn stocks and value more than tripled to QR22.09mn on 16% rise in deals to 171.
The banks and financial services sector saw 63% surge in trade volume to 58.42mn shares, 80% in value to QR224.37mn and 32% in transactions to 2,738.
The transport sector’s trade volume soared 32% to 20.92mn equities, value by 38% to QR64.47mn and deals by 59% to 1,054.