The Arab, foreign and Gulf individuals turned bullish on Sunday to lift the Qatar Stock Exchange more than 19 points; but overall it was below 10,500 levels.
The industrials and banking counter witnessed higher than average demand as the 20-stock Qatar Index settled 0.18% higher at 10,465.36 points, although it touched an intraday low of 10,418 points.
The domestic funds’ weakened net selling also had its role in the market, whose year-to-date gains were at 0.38%.
Trade turnover declined amidst higher volumes in the bourse, where the banking sector alone accounted for more than 54% of the total trading volume.
The Islamic stocks were seen gaining slower than the other indices in the bourse, which saw equal number of gainers and decliners.
Market capitalisation saw more than QR2bn or 0.37% increase to QR605.37bn, mainly on microcap segments.
A total of 11,995 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR122,152 changed hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 0.18% to 20,119.3 points, All Share Index by 0.14% to 2,399.96 points and Al Rayan Islamic Index (Price) by 0.25% to 3,213.02 points.
The industrials index gained 1.09%, banks and financial services (0.22%) and consumer goods and services (0.05%); while insurance declined 1.14%, transport (0.46%), telecom (0.36%) and realty (0.04%).
Major gainers included Inma Holding, Industries Qatar, Salam International Investment, Qatar First Bank, Qatar Electricity and Water, Ezdan, Vodafone Qatar and Milaha; even as Dlala, Qatar Insurance, Doha Bank, Medicare Group, Baladna, Qamco, Barwa, Ooredoo, Nakilat and Gulf Warehousing were among the losers.
The Arab individuals’ net buying increased considerably to QR13.13mn compared to QR1.14mn on December 10.
The foreign individuals turned net buyers to the tune of QR3.72mn against net sellers of QR2.07mn the previous trading day.
The Gulf institutions were net buyers to the extent of QR2.98mn compared with net sellers of QR6.15mn last Thursday.
Domestic funds’ net selling decreased substantially to QR8.85mn against QR27.58mn on December 10.
The foreign funds’ net selling also eased markedly to QR1.68mn compared to QR2.07mn the previous trading day.
However, local individuals turned net sellers to the extent of QR9.13mn against net buyers of QR35.06mn last Thursday.
The Gulf individuals were also net sellers to the tune of QR0.21mn compared with net buyers of QR1.57mn on December 10.
The Arab institutions’ net buying was down marginally to QR0.03mn against QR0.1mn the previous trading day.
Total trade volumes grew 21% to 161.32mn shares, while value declined 2% to QR351.04mn and transactions by 21% to 7,053.
The banks and financial services sector’s trade volume soared 71% to 87.63mn equities, value by 27% to QR236.53mn and deals by 4% to 3,733.
There was 53% surge in the telecom sector’s trade volume to 3.24mn stocks but on 45% decline in value to QR6.7mn and 76% in transactions to 205.
The consumer goods and services sector’s trade volume shot up 23% to 17.04mn shares, while value shrank 24% to QR24.59mn and deals by 28% to 769.
However, the market witnessed 53% plunge in the insurance sector’s trade volume to 0.72mn equities, 47% in value to QR1.62mn and 53% in transactions to 45.
The real estate sector’s trade volume plummeted 22% to 25.42mn stocks, value by 26% to QR42.45mn and deals by 32% to 958.
The industrials sector reported 14% shrinkage in trade volume to 23.6mn shares, 43% in value to QR26.33mn and 26% in transactions to 1,032.
The transport sector’s trade volume shrank 13% to 3.67mn equities, value by 37% to QR12.82mn and deals by 40% to 311.
The domestic funds’ weakened net selling also had its role in the market, whose year-to-date gains were at 0.38%.
Trade turnover declined amidst higher volumes in the bourse, where the banking sector alone accounted for more than 54% of the total trading volume.
The Islamic stocks were seen gaining slower than the other indices in the bourse, which saw equal number of gainers and decliners.
Market capitalisation saw more than QR2bn or 0.37% increase to QR605.37bn, mainly on microcap segments.
A total of 11,995 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR122,152 changed hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 0.18% to 20,119.3 points, All Share Index by 0.14% to 2,399.96 points and Al Rayan Islamic Index (Price) by 0.25% to 3,213.02 points.
The industrials index gained 1.09%, banks and financial services (0.22%) and consumer goods and services (0.05%); while insurance declined 1.14%, transport (0.46%), telecom (0.36%) and realty (0.04%).
Major gainers included Inma Holding, Industries Qatar, Salam International Investment, Qatar First Bank, Qatar Electricity and Water, Ezdan, Vodafone Qatar and Milaha; even as Dlala, Qatar Insurance, Doha Bank, Medicare Group, Baladna, Qamco, Barwa, Ooredoo, Nakilat and Gulf Warehousing were among the losers.
The Arab individuals’ net buying increased considerably to QR13.13mn compared to QR1.14mn on December 10.
The foreign individuals turned net buyers to the tune of QR3.72mn against net sellers of QR2.07mn the previous trading day.
The Gulf institutions were net buyers to the extent of QR2.98mn compared with net sellers of QR6.15mn last Thursday.
Domestic funds’ net selling decreased substantially to QR8.85mn against QR27.58mn on December 10.
The foreign funds’ net selling also eased markedly to QR1.68mn compared to QR2.07mn the previous trading day.
However, local individuals turned net sellers to the extent of QR9.13mn against net buyers of QR35.06mn last Thursday.
The Gulf individuals were also net sellers to the tune of QR0.21mn compared with net buyers of QR1.57mn on December 10.
The Arab institutions’ net buying was down marginally to QR0.03mn against QR0.1mn the previous trading day.
Total trade volumes grew 21% to 161.32mn shares, while value declined 2% to QR351.04mn and transactions by 21% to 7,053.
The banks and financial services sector’s trade volume soared 71% to 87.63mn equities, value by 27% to QR236.53mn and deals by 4% to 3,733.
There was 53% surge in the telecom sector’s trade volume to 3.24mn stocks but on 45% decline in value to QR6.7mn and 76% in transactions to 205.
The consumer goods and services sector’s trade volume shot up 23% to 17.04mn shares, while value shrank 24% to QR24.59mn and deals by 28% to 769.
However, the market witnessed 53% plunge in the insurance sector’s trade volume to 0.72mn equities, 47% in value to QR1.62mn and 53% in transactions to 45.
The real estate sector’s trade volume plummeted 22% to 25.42mn stocks, value by 26% to QR42.45mn and deals by 32% to 958.
The industrials sector reported 14% shrinkage in trade volume to 23.6mn shares, 43% in value to QR26.33mn and 26% in transactions to 1,032.
The transport sector’s trade volume shrank 13% to 3.67mn equities, value by 37% to QR12.82mn and deals by 40% to 311.
