Foreign institutions were increasingly net buyers on the Qatar Stock Exchange, which however treaded almost a flat path on Wednesday, amidst higher trading.
The foreign individuals were seen bullish as the 20-stock Qatar Index settled mere 0.01% higher at 10,896.86 points, having touched an intraday high of 10,922 points.
Local retail investors’ net profit booking weakened substantially in the bourse, whose year-to-date gains were at 4.42%.
Nevertheless, about 49% of the traded constituents were in the red in the market, whose capitalisation saw more than QR1bn or 0.18% increase to QR631.39bn, mainly owing to small and microcap segments.
The Islamic index was seen declining vis-a-vis gains in the other indices in the market, which saw the industrials, banking and consumer goods sectors together constitute more than three-fourth of the total trading volume.
The domestic funds and the Arab individuals were seen net profit takers in the bourse, which saw a total of 26,301 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR193,786 changed hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index was up 0.01% to 21,570.98 points and the All Share Index by 0.02% to 3,442.67 points, while the Al Rayan Islamic Index (Price) was down 0.01% to 2,527.79 points.
The realty index gained 1.11%, transport (1.02%) and insurance (0.46%); whereas industrials declined 0.33%, telecom (0.23%), consumer goods and services (0.14%) and banks and financial services (0.05%).
Major gainers included Qatar Oman Investment, Aamal Company, Mannai Corporation, Ezdan, Qatari Investors Group, Investment Holding Group, United Development Company and Milaha; even as Alijarah Holding, Al Meera, Al Khaleej Takaful, Industries Qatar, Gulf Warehousing, Medicare Group and Qatari German Medical Devices were among the losers.
Foreign institutions’ net buying increased substantially to QR43.54mn against QR1.48mn on May 4.
Foreign individuals turned net buyers to the tune of QR4.93mn compared with net sellers of QR3.88mn on Tuesday.
Local retail investors’ net selling weakened significantly to QR3.54mn against QR28.86mn the previous day.
However, the domestic funds were net sellers to the extent of QR51.37mn compared with net buyers of QR16.96mn on May 4.
The Arab individuals were also net sellers to the tune of QR0.7mn against net buyers of QR2.97mn on Tuesday.
The Gulf individuals turned net sellers to the extent of QR0.15mn compared with net buyers of QR1.14mn the previous day.
The Gulf institutions’ net buying weakened perceptibly to QR7.22mn against QR10.38mn on May 4.
The Arab institutions had no major net exposure compared with net sellers to the tune of QR0.25mn on Tuesday.
Total trade volume rose 58% to 265.92mn shares, value by 31% to QR498.21mn and transactions by 13% to 8,788.
The real estate sector’s trade volume more than doubled to 59.06mn equities and value also more than doubled to QR102.08mn on a 74% increase in deals to 1,471.
The banks and financial services sector’s trade volume more than doubled to 67.59mn stocks, value soared 22% to QR166.73mn and transactions by 30% to 2,655.
The market witnessed a 39% surge in the industrials sector’s trade volume to 74.8mn shares, 27% in value to QR124.88mn and 5% in deals to 2,418.
The transport sector’s trade volume shot up 25% to 1.05mn equities and 2% in value to QR3.77mn but on a 14% decline in transactions to 158.
The consumer goods and services sector saw a 22% expansion in trade volume to 57.69mn stocks, 14% in value to QR79.06mn and 6% in deals to 1,624.
However, the telecom sector’s trade volume plummeted 38% to 2.65mn shares, value by 48% to QR11.9mn and transactions by 53% to 263.
There was a 5% shrinkage in the insurance sector’s trade volume to 3.08mn equities, 13% in value to QR9.79mn and 25% in deals to 199.