Robust buying – especially in the telecom, industrials and banking counters – Thursday lifted the Qatar Stock Exchange and its key index gained 94 points to surpass the 10,300 levels.
Foreign funds were seen bullish and there was increased net buying by the Arab individuals as the 20-stock Qatar Index settled 0.92% higher at 10,304.95 points, after the US Federal Reserve signalled an accommodative monetary policy. The market had touched an intraday low of 10,181 points.
The Gulf funds’ weakened net selling pressure also had its impact on the bourse, whose year-to-date losses were at 1.26%.
About 48% of the traded stocks extended gains in the market, whose capitalisation saw about QR5bn, or 0.8%, increase to QR597.5bn, mainly owing to mid and small cap segments.
The Islamic index was seen gaining faster than the other indices in the bourse, where domestic funds were increasingly net sellers.
Trade turnover and volumes were on the increase in the market, where the industrials and consumer goods sectors together accounted for about 69% of the trading volume.
A total of 10,019 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR41,246 changed hands across seven deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 1.09% to 20,371.38 points, the All Share Index by 0.94% to 3,266.73 points and the Al Rayan Islamic Index (Price) by 1.22% to 2,392.99 points.
The telecom index soared 1.62%, industrials (1.34%), banks and financial services (1.23%), consumer goods and services (0.35%) and realty (0.16%); whereas insurance and transport declined 1.73% and 0.05% respectively.
Major gainers included Medicare Group, Vodafone Qatar, Qamco, Mannai Corporation, Commercial Bank, Qatar Islamic Bank, QIIB, Qatar Oman Investment, Baladna, Qatar industrial Manufacturing, Industries Qatar and Aamal Company; even as Qatar Insurance, Investment Holding Group, Inma Holding, Al Khaleej Takaful, Alijarah Holding, Doha Bank, Milaha and Salam International Investment were among the losers.
The foreign institutions turned net buyers to the tune of QR39.9mn against net sellers of QR6.27mn on March 17.
The Arab individuals’ net buying increased markedly to QR12.35mn compared to QR9.33mn on Wednesday.
The Gulf institutions’ net profit booking eased marginally to QR0.18mn against QR0.83mn the previous day.
However, the domestic funds’ net selling shot up considerably to QR48.2mn compared to QR30.09mn on March 17.
The Gulf individuals’ net selling strengthened significantly to QR17.42mn against QR3.85mn on Wednesday.
The foreign individuals turned net sellers to the tune of QR0.55mn compared with net buyers of QR1.39mn the previous day.
The Arab funds were net profit takers to the extent of QR0.06mn against no major net exposure on March 17.
Local retail investors’ net buying weakened notably to QR14.01mn compared to QR30.37mn on Wednesday.
Total trade volume more than doubled to 391.96mn shares and value also more than doubled to QR921.56mn on a 26% increase in transactions to 13,519.
The telecom sector’s trade volume grew more than six-fold to 35.05mn equities and value more than tripled to QR70.75mn on a 14% growth in deals to 921.
The consumer goods and services sector’s trade volume almost tripled to 85.89mn stocks and value more than doubled to QR153.98mn on more-than-doubled transactions to 2,838.
The banks and financial services sector’s trade volume more than doubled to 57.29mn shares and value also more than doubled to QR347.23mn but on a 14% decline in deals to 3,585.
The real estate sector’s trade volume more than doubled to 17.88mn equities and value also more than doubled to QR36.14mn on 24% growth in transactions to 928.
The transport sector’s trade volume more than doubled to 5.83mn stocks and value soared 49% to QR21.67mn, while deals declined 12% to 429.
The industrials sector’s trade volume more than doubled to 184.18mn shares and value more than doubled to QR276.04mn on more-than-doubled transactions to 4,465.
However, there was a 43% plunge in the insurance sector’s trade volume to 5.75mn equities, 37% in value to QR15.76mn and 33% in deals to 353.
Foreign funds were seen bullish and there was increased net buying by the Arab individuals as the 20-stock Qatar Index settled 0.92% higher at 10,304.95 points, after the US Federal Reserve signalled an accommodative monetary policy. The market had touched an intraday low of 10,181 points.
The Gulf funds’ weakened net selling pressure also had its impact on the bourse, whose year-to-date losses were at 1.26%.
About 48% of the traded stocks extended gains in the market, whose capitalisation saw about QR5bn, or 0.8%, increase to QR597.5bn, mainly owing to mid and small cap segments.
The Islamic index was seen gaining faster than the other indices in the bourse, where domestic funds were increasingly net sellers.
Trade turnover and volumes were on the increase in the market, where the industrials and consumer goods sectors together accounted for about 69% of the trading volume.
A total of 10,019 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR41,246 changed hands across seven deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 1.09% to 20,371.38 points, the All Share Index by 0.94% to 3,266.73 points and the Al Rayan Islamic Index (Price) by 1.22% to 2,392.99 points.
The telecom index soared 1.62%, industrials (1.34%), banks and financial services (1.23%), consumer goods and services (0.35%) and realty (0.16%); whereas insurance and transport declined 1.73% and 0.05% respectively.
Major gainers included Medicare Group, Vodafone Qatar, Qamco, Mannai Corporation, Commercial Bank, Qatar Islamic Bank, QIIB, Qatar Oman Investment, Baladna, Qatar industrial Manufacturing, Industries Qatar and Aamal Company; even as Qatar Insurance, Investment Holding Group, Inma Holding, Al Khaleej Takaful, Alijarah Holding, Doha Bank, Milaha and Salam International Investment were among the losers.
The foreign institutions turned net buyers to the tune of QR39.9mn against net sellers of QR6.27mn on March 17.
The Arab individuals’ net buying increased markedly to QR12.35mn compared to QR9.33mn on Wednesday.
The Gulf institutions’ net profit booking eased marginally to QR0.18mn against QR0.83mn the previous day.
However, the domestic funds’ net selling shot up considerably to QR48.2mn compared to QR30.09mn on March 17.
The Gulf individuals’ net selling strengthened significantly to QR17.42mn against QR3.85mn on Wednesday.
The foreign individuals turned net sellers to the tune of QR0.55mn compared with net buyers of QR1.39mn the previous day.
The Arab funds were net profit takers to the extent of QR0.06mn against no major net exposure on March 17.
Local retail investors’ net buying weakened notably to QR14.01mn compared to QR30.37mn on Wednesday.
Total trade volume more than doubled to 391.96mn shares and value also more than doubled to QR921.56mn on a 26% increase in transactions to 13,519.
The telecom sector’s trade volume grew more than six-fold to 35.05mn equities and value more than tripled to QR70.75mn on a 14% growth in deals to 921.
The consumer goods and services sector’s trade volume almost tripled to 85.89mn stocks and value more than doubled to QR153.98mn on more-than-doubled transactions to 2,838.
The banks and financial services sector’s trade volume more than doubled to 57.29mn shares and value also more than doubled to QR347.23mn but on a 14% decline in deals to 3,585.
The real estate sector’s trade volume more than doubled to 17.88mn equities and value also more than doubled to QR36.14mn on 24% growth in transactions to 928.
The transport sector’s trade volume more than doubled to 5.83mn stocks and value soared 49% to QR21.67mn, while deals declined 12% to 429.
The industrials sector’s trade volume more than doubled to 184.18mn shares and value more than doubled to QR276.04mn on more-than-doubled transactions to 4,465.
However, there was a 43% plunge in the insurance sector’s trade volume to 5.75mn equities, 37% in value to QR15.76mn and 33% in deals to 353.