An across-the-board-buying – particularly in the telecom, real estate and transport counters – led the Qatar Stock Exchange Thursday to cross the 10,800 levels.
The Gulf funds were seen net buyers as the 20-stock Qatar Index settled 77 points or 0.71% higher at 10,807.34 points, having touched an intraday high of 10,817 points.
The domestic funds’ substantially weakened net selling pressure also had its influence in the market, whose year-to-date gains improved to 3.56%.
About 83% of the traded constituents extended gains in the bourse, whose capitalisation saw more than QR4bn or 0.65% increase to QR626.45mn, mainly owing to mid and small cap segments.
Foreign funds continued to be net buyers but with lesser intensity in the market, which saw the consumer goods and industrials sectors together constitute about 66% of the total trading volume.
The overall trade turnover and volumes were on the decline in the bourse, where Islamic equities were seen gaining slower than the other indices.
Local retail investors were seen net profit takers in the market, which saw a total of 6,830 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR16,776 changed hands across three deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.71% to 21,393.77 points, the All Share Index by 0.59% to 3,427.59points and the Al Rayan Islamic Index (Price) by 0.63% to 2,477.03 points.
The telecom sector index shot up 2.03%, followed by real estate (2%), transport (1.36%), industrials (0.8%), insurance (0.39%), banks and financial services (0.29%) and consumer goods and services (0.19%).
Major gainers included Ahlibank Qatar, Barwa, Ooredoo, Industries Qatar, QIIB, Qatar General Insurance and Reinsurance, Qatar Industrial Manufacturing, Investment Holding Group, United Development Company, Milaha and Nakilat; even as QLM, Qatar Oman Investment, Doha Bank, Dlala and Al Meera were among the losers.
The Gulf institutions turned net buyers to the tune of QR0.9mn against net sellers of QR4.32mn on June 30.
Domestic funds’ net profit booking declined substantially to QR3.91mn compared to QR34.28mn on Wednesday.
However, Qatari individuals were net sellers to the extent of QR16.29mn against net buyers of QR1.45mn the previous day.
The Gulf individuals turned net sellers to the tune of QR0.94mn compared with net buyers of QR1.06mn on June 30.
Foreign funds’ net buying declined considerably to QR19.55mn against QR26.69mn on Wednesday.
Foreign individuals’ net buying weakened noticeably to QR0.14mn compared to QR6.76mn the previous day.
The Arab individuals’ net buying shrank markedly to QR0.55mn against QR2.64mn on June 30.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume fell 25% to 153.16mn shares, value by 33% to QR334.68mn and transactions by 15% to 8,287.
The insurance sector’s trade volume plummeted 61% to 1.23mn equities, value by 55% to QR4.3mn and deals by 39% to 108.
The transport sector reported a 56% plunge in trade volume to 2.64mn stocks, 59% in value to QR9.06mn and 29% in transactions to 400.
The banks and financial services sector’s trade volume tanked 43% to 19.88mn shares, value by 52% to QR88.53mn and deals by 24% to 2,045.
The consumer goods and services sector saw a 37% shrinkage in trade volume to 45.06mn equities, 46% in value to QR62.64mn and 34% in transactions to 1,548.
The industrials sector’s trade volume was down 21% to 55.47mn stocks, value by 15% to QR108.44mn and deals by 10% to 2,192.
However, the telecom sector’s trade volume almost doubled to 7.67mn shares, value soared 82% to QR30.35mn and transactions by 39% to 1,127.
There was a 31% surge in the real estate sector’s trade volume to 21.19mn equities, 20% in value to QR31.37mn and 15% in deals to 867.
The Gulf funds were seen net buyers as the 20-stock Qatar Index settled 77 points or 0.71% higher at 10,807.34 points, having touched an intraday high of 10,817 points.
The domestic funds’ substantially weakened net selling pressure also had its influence in the market, whose year-to-date gains improved to 3.56%.
About 83% of the traded constituents extended gains in the bourse, whose capitalisation saw more than QR4bn or 0.65% increase to QR626.45mn, mainly owing to mid and small cap segments.
Foreign funds continued to be net buyers but with lesser intensity in the market, which saw the consumer goods and industrials sectors together constitute about 66% of the total trading volume.
The overall trade turnover and volumes were on the decline in the bourse, where Islamic equities were seen gaining slower than the other indices.
Local retail investors were seen net profit takers in the market, which saw a total of 6,830 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR16,776 changed hands across three deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.71% to 21,393.77 points, the All Share Index by 0.59% to 3,427.59points and the Al Rayan Islamic Index (Price) by 0.63% to 2,477.03 points.
The telecom sector index shot up 2.03%, followed by real estate (2%), transport (1.36%), industrials (0.8%), insurance (0.39%), banks and financial services (0.29%) and consumer goods and services (0.19%).
Major gainers included Ahlibank Qatar, Barwa, Ooredoo, Industries Qatar, QIIB, Qatar General Insurance and Reinsurance, Qatar Industrial Manufacturing, Investment Holding Group, United Development Company, Milaha and Nakilat; even as QLM, Qatar Oman Investment, Doha Bank, Dlala and Al Meera were among the losers.
The Gulf institutions turned net buyers to the tune of QR0.9mn against net sellers of QR4.32mn on June 30.
Domestic funds’ net profit booking declined substantially to QR3.91mn compared to QR34.28mn on Wednesday.
However, Qatari individuals were net sellers to the extent of QR16.29mn against net buyers of QR1.45mn the previous day.
The Gulf individuals turned net sellers to the tune of QR0.94mn compared with net buyers of QR1.06mn on June 30.
Foreign funds’ net buying declined considerably to QR19.55mn against QR26.69mn on Wednesday.
Foreign individuals’ net buying weakened noticeably to QR0.14mn compared to QR6.76mn the previous day.
The Arab individuals’ net buying shrank markedly to QR0.55mn against QR2.64mn on June 30.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume fell 25% to 153.16mn shares, value by 33% to QR334.68mn and transactions by 15% to 8,287.
The insurance sector’s trade volume plummeted 61% to 1.23mn equities, value by 55% to QR4.3mn and deals by 39% to 108.
The transport sector reported a 56% plunge in trade volume to 2.64mn stocks, 59% in value to QR9.06mn and 29% in transactions to 400.
The banks and financial services sector’s trade volume tanked 43% to 19.88mn shares, value by 52% to QR88.53mn and deals by 24% to 2,045.
The consumer goods and services sector saw a 37% shrinkage in trade volume to 45.06mn equities, 46% in value to QR62.64mn and 34% in transactions to 1,548.
The industrials sector’s trade volume was down 21% to 55.47mn stocks, value by 15% to QR108.44mn and deals by 10% to 2,192.
However, the telecom sector’s trade volume almost doubled to 7.67mn shares, value soared 82% to QR30.35mn and transactions by 39% to 1,127.
There was a 31% surge in the real estate sector’s trade volume to 21.19mn equities, 20% in value to QR31.37mn and 15% in deals to 867.