The domestic institutions’ sustained buying interests on Wednesday drove the Qatar Stock Exchange further up 26 points.
The consumer goods and telecom counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.27% higher at 9,726.95 points, although it touched an intraday high of 9,771 points.
The Gulf funds’ increased net buying and local retail investors’ lower selling pressure helped the bourse, whose year-to-date losses were at 6.95%. The foreign institutions’ weakened net profit booking pressure also helped lift the sentiments in the market, which saw about 49% of the traded constituents made gains to investors.
Market capitalisation saw QR73mn or 0.13% jump to QR564.91bn, mainly owing to microcap segments.
A total of 22,500 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR167,609 changed hands across seven deals; 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 bourse, where the industrials and realty sectors together accounted for more than 65% of the total trading volume.
The Total Return Index rose 0.27% to 18,699.73 points, All Share Index by 0.18% to 3,008.3 points and Al Rayan Islamic Index (Price) by 0.27% to 2,238.51 points.
The consumer goods and services sector index gained 0.93%, telecom (0.32%), industrials (0.26%), transport (0.14%), banks and financial services (0.09%) and real estate (0.07%); while insurance declined 0.67%. Major movers included Dlala, Mesaieed Petrochemical Holding, Woqod, Qatari German Medical Devices, Commercial Bank, Inma Holding, Salam International Investment, Baladna, Qamco and Al Khaleej Takaful; even as Aamal Company, Vodafone Qatar, Widam Food, Qatar Islamic Insurance and Gulf International Services were among the losers.
Domestic funds’ net buying increased considerably to QR19.94mn compared to QR10.21mn on November 3.
The Gulf institutions’ net buying grew perceptibly to QR2.49mn against QR1mn the previous day.
The Gulf individuals were net buyers to the tune of QR0.14mn compared with net sellers of QR0.31mn on Tuesday.
Foreign institutions’ net selling decreased notably to QR13.68mn against QR15.2mn on November 3.
Local individuals’ net selling declined marginally to QR3.64mn compared to QR4.61mn the previous day.
However, the Arab individuals turned net sellers to the extent of QR3.24mn against net buyers of QR2.53mn on Tuesday.
Foreign individuals were net profit takers to the tune of QR2.04mn compared with net buyers of QR6.45mn on November 3.
The Arab funds continued to have no major exposure.
Total trade volumes fell 19% to 200.12mn shares, value by 27% to QR279.67mn and transactions by 29% to 7,031.
The transport sector’s trade volume plummeted 57% to 3.02mn equities, value by 59% to QR9.7mn and deals by 64% to 296.
The telecom sector reported 55% plunge in trade volume to 4.06mn stocks, 32% in value to QR10.98mn and 22% in transactions to 417.
The banks and financial services sector’s trade volume tanked 36% to 25.21mn shares, value by 45% to QR78.09mn and deals by 39% to 1,744.
There was 25% shrinkage in the real estate sector’s trade volume to 43.18mn equities, 20% in value to QR59.43mn and 18% in transactions to 1,466.
The industrials sector’s trade volume shrank 15% to 87.45mn stocks, value by 19% to QR72.15mn and deals by 28% to 1,900.
However, the insurance sector saw 55% surge in trade volume to 4.82mn shares, 60% in value to QR9.96mn and 18% in transactions to 205.
The consumer goods and services sector’s trade volume shot up 20% to 32.38mn equities and value by 22% to QR39.36mn; whereas deals were down 9% to 1,003.