Foreign institutions continued their hunt for quality scrips as the Qatar Stock Exchange on Tuesday gained another 37 points to cross the 10,100 levels.
The consumer goods and insurance counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.37% higher at 10,131.85 points, although it touched an intraday high of 10,171 points.
Domestic funds were seen bullish in the market, whose year-to-date losses were trimmed to 2.82%.
The Gulf individuals were increasingly net buyers in the market, where gainers and losers were equal in number.
Market capitalisation saw about QR1bn or 0.16% rise to QR589.17bn, mainly owing to microcap segments.
A total of 347,176 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR1.57mn changed hands across 27 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the increase in the bourse, where the industrials and realty sectors together accounted for about 65% of the total trading volume.
The Total Return Index rose 0.37% to 19,478.15 points, All Share Index by 0.27% to 3,124.85 points and Al Rayan Islamic Index (Price) by 0.36% to 2,340.54 points.
The consumer goods and services sector index soared 2.83%, insurance (1.02%), transport (0.65%) and industrials (0.39%); while real estate declined 0.78%, telecom (0.16%) and banks and financial services (0.12%).
Major movers included Mazaya Qatar, Woqod, Medicare Group, Mesaieed Petrochemical Holding, QIIB, Qatar Industrial Manufacturing, Milaha, Qatar Insurance and Qatar Islamic Insurance; whereas Qatar First Bank, Dlala, United Development Company, Qatari German Medical Devices, Qatari Investors Group, Qatar Islamic Bank, al khaliji, Qamco and Ezdan were among the losers.
Foreign funds’ net buying increased substantially to QR126.63mn compared to QR62.7mn on November 9.
Domestic funds turned net buyer to the tune of QR5.69mn against net sellers of QR18.9mn on Monday.
The Gulf individuals’ net buying grew perceptibly to QR4.14mn compared to QR3.22mn the previous day.
The Arab institutions were net buyers to the extent of QR0.01mn against net sellers of QR0.03mn on November 9.
However, Qataris’ net selling increased significantly to QR127.98mn compared to QR53.62mn on Monday.
The Arab individuals turned net sellers to the tune of QR13.05mn against net buyers of QR2.42mn the previous day.
The Gulf funds were net profit takers to the extent of QR10.15mn compared with net buyers of QR2.2mn on November 9.
Foreign individuals turned net sellers to the tune of QR4.35mn against net buyers of QR1.98mn on Monday.
Total trade volumes rose 23% to 591.04mn shares, value by 41% to QR1.04bn and transactions by 25% to 18,548.
The transport sector’s trade volume grew about six-fold to 20.72mn equities and value more than quadrupled to QR61.3mn on more than doubled deals to 959.
The real estate sector’s trade volume more than doubled to 224.82mn stocks and value also more than doubled to QR331.66mn on 81% increase in transactions to 4,552.
The insurance sector reported 58% surge in trade volume to 11.63mn shares, 36% in value to QR21.07mn and 23% in deals to 407.
The telecom sector’s trade volume shot up 32% to 14.09mn equities, value by 3% to QR27.7mn and transactions by 29% to 927.
There was a 1% jump in the industrials sector’s trade volume to 156.89mn stocks but on 2% decline in value to QR155.42mn and 9% in deals to 3,669.
However, the banks and financial services sector’s trade volume tanked 20% to 91.1mn shares; while value shot up 10% to QR286.5mn and transactions by 4% to 5,059.
The consumer goods and services sector saw 9% shrinkage in trade volume to 71.81mn equities but on 63% expansion in value to QR151.74mn and 52% in deals to 2,975.
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