Foreign funds’ sustained net buying interests Wednesday lifted the Qatar Stock Exchange for the third consecutive day and its key index crossed the 10,800 levels, reflecting the global mood in view of hardening energy prices.
The banking and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.25% higher at 10,804.71 points, having recovered from an intraday low of 10,760 points.
The Gulf institutions were seen bullish on the market, whose year-to-date gains swelled to 3.53%.
The foreign individuals’ increased net buying also had its influence on the bourse, whose capitalisation saw more than QR3mn or 0.5% increase to QR629.12bn, mainly due to mid and small cap segments.
The Arab individuals were also seen marginally bullish on the market, which saw the industrials and the banking sectors together constituted more than 61% of the total trading volume.
The overall trade turnover and volumes were on the increase on the market, where the domestic institutions turned bearish.
The local retail investors were increasingly into net profit booking on the bourse, which saw a total of 61,548 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR517,583 changed hands across 13 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.25% to 21,388.58 points, All Share Index by 0.42% to 3,435.11 points and Al Rayan Islamic Index (Price) by 0.19% to 2,518.12 points.
The banks and financial services sector’s index expanded 0.74%, consumer goods and services (0.29%), telecom (0.25%), realty (0.07%) and industrials (0.05%); while transport and insurance declined 0.24% and 0.14% respectively.
About 47% of the traded constituents extended gains with major movers being Qatar Islamic Insurance, Zad Holding, Qatar Cinema and Film, QNB, Gulf International Services, Baladna, Ezdan and Vodafone Qatar; even as Inma Holding, Medicare Group, Dlala, Milaha and Qatar Oman Investment were among the losers.
Foreign institutions’ net buying increased substantially to QR56.09mn against QR30.69mn on June 1.
The Gulf institutions turned net buyers to the tune of QR13.08mn compared with net sellers of QR7.79mn on Tuesday.
The foreign individuals’ net buying grew significantly to QR10.49mn against QR0.61mn the previous day.
The Arab individuals were net buyers to the extent of QR1.54mn compared with net sellers of QR1.36mn on June 1.
The Gulf individuals’ net profit booking eased markedly to QR0.27mn against QR1.59mn on Tuesday.
However, the domestic funds’ net selling rose considerably to QR48.96mn compared to QR16.34mn the previous day.
Qatari individuals’ net selling shot up substantially to QR31.84mn against QR4.18mn on June 1.
The Arab funds were net profit takers to the tune of QR0.18mn compared with no major net exposure on Tuesday.
Total trade volume rose 9% to 172.99mn shares, value by 3% to QR454.15mn and transactions by 11% to 10,867.
There was 51% surge in the real estate sector’s trade volume to 20.76mn equities, 50% in value to QR32.71mn and 21% in deals to 817.
The consumer goods and services sector’s trade volume soared 34% to 34.92mn stocks, value by 12% to QR53.2mn and transactions by 14% to 1,208.
The banks and financial services sector saw 21% expansion in trade volume to 41.64mn shares, 50% in value to QR202.11mn and 47% in deals to 4,188.
However, the insurance sector’s trade volume plummeted 57% to 1.64mn equities, value by 61% to QR4.98mn and transactions by 39% to 211.
The telecom sector reported 44% plunge in trade volume to 6.88mn stocks, 60% in value to QR24.88mn and 28% in deals to 1,260.
The transport sector’s trade volume shrank 6% to 2.93mn shares, whereas value grew 4% to QR11.65mn and transactions by 15% to 385.
The market witnessed 2% shrinkage in the industrials sector’s trade volume to 64.24mn equities, 17% in value to QR124.63mn and less than 1% in deals to 2,798.
The banking and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.25% higher at 10,804.71 points, having recovered from an intraday low of 10,760 points.
The Gulf institutions were seen bullish on the market, whose year-to-date gains swelled to 3.53%.
The foreign individuals’ increased net buying also had its influence on the bourse, whose capitalisation saw more than QR3mn or 0.5% increase to QR629.12bn, mainly due to mid and small cap segments.
The Arab individuals were also seen marginally bullish on the market, which saw the industrials and the banking sectors together constituted more than 61% of the total trading volume.
The overall trade turnover and volumes were on the increase on the market, where the domestic institutions turned bearish.
The local retail investors were increasingly into net profit booking on the bourse, which saw a total of 61,548 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR517,583 changed hands across 13 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.25% to 21,388.58 points, All Share Index by 0.42% to 3,435.11 points and Al Rayan Islamic Index (Price) by 0.19% to 2,518.12 points.
The banks and financial services sector’s index expanded 0.74%, consumer goods and services (0.29%), telecom (0.25%), realty (0.07%) and industrials (0.05%); while transport and insurance declined 0.24% and 0.14% respectively.
About 47% of the traded constituents extended gains with major movers being Qatar Islamic Insurance, Zad Holding, Qatar Cinema and Film, QNB, Gulf International Services, Baladna, Ezdan and Vodafone Qatar; even as Inma Holding, Medicare Group, Dlala, Milaha and Qatar Oman Investment were among the losers.
Foreign institutions’ net buying increased substantially to QR56.09mn against QR30.69mn on June 1.
The Gulf institutions turned net buyers to the tune of QR13.08mn compared with net sellers of QR7.79mn on Tuesday.
The foreign individuals’ net buying grew significantly to QR10.49mn against QR0.61mn the previous day.
The Arab individuals were net buyers to the extent of QR1.54mn compared with net sellers of QR1.36mn on June 1.
The Gulf individuals’ net profit booking eased markedly to QR0.27mn against QR1.59mn on Tuesday.
However, the domestic funds’ net selling rose considerably to QR48.96mn compared to QR16.34mn the previous day.
Qatari individuals’ net selling shot up substantially to QR31.84mn against QR4.18mn on June 1.
The Arab funds were net profit takers to the tune of QR0.18mn compared with no major net exposure on Tuesday.
Total trade volume rose 9% to 172.99mn shares, value by 3% to QR454.15mn and transactions by 11% to 10,867.
There was 51% surge in the real estate sector’s trade volume to 20.76mn equities, 50% in value to QR32.71mn and 21% in deals to 817.
The consumer goods and services sector’s trade volume soared 34% to 34.92mn stocks, value by 12% to QR53.2mn and transactions by 14% to 1,208.
The banks and financial services sector saw 21% expansion in trade volume to 41.64mn shares, 50% in value to QR202.11mn and 47% in deals to 4,188.
However, the insurance sector’s trade volume plummeted 57% to 1.64mn equities, value by 61% to QR4.98mn and transactions by 39% to 211.
The telecom sector reported 44% plunge in trade volume to 6.88mn stocks, 60% in value to QR24.88mn and 28% in deals to 1,260.
The transport sector’s trade volume shrank 6% to 2.93mn shares, whereas value grew 4% to QR11.65mn and transactions by 15% to 385.
The market witnessed 2% shrinkage in the industrials sector’s trade volume to 64.24mn equities, 17% in value to QR124.63mn and less than 1% in deals to 2,798.