Foreign institutions Wednesday turned bullish to help lift the sentiments on the Qatar Stock Exchange, whose key index inched near the 10,900 levels.
A higher average demand at the transport and industrials counters led the 20-stock Qatar Index snap two consecutive days of bearish spell and gain 84 points or 0.78% to 10,865.88 points, recovering from an intraday low of 10,776 points.
Gulf individuals’ marginally increased buying interests had its influence on the market, whose year-to-date gains improved to 4.12%.
Foreign individuals’ weakened net selling pressure also had its role in sustaining the positive mood on the bourse, whose capitalisation saw more than QR4bn or 0.7% increase to QR628.07bn, mainly owing to large and midcap segments.
Six of the seven sectors experienced buying interests on the market, which saw the industrials, consumer goods and services and banking sectors together constitute about 66% of the total trading volume.
The overall trade turnover and volumes were on the increase on the bourse, where Islamic equities were seen gaining slower than the other indices.
Local retail investors were increasingly net profit takers in the market, which saw a total of 9,048 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR22,313 changed hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index grew 0.78% to 21,509.65 points, All Share Index by 0.69% to 3,440.46points and Al Rayan Islamic Index (Price) by 0.25% to 2,480.08 points.
The transport index surged 3.25%, industrials (0.87%), insurance (0.58%), banks and financial services (0.54%), consumer goods and services (0.29%) and real estate (0.16%); while telecom declined 0.52%.
About 49% of the traded constituents extended gains with major movers being Industries Qatar, QNB, Qatar Insurance, Nakilat, Milaha, Qamco, Commercial Bank, Qatar Cinema and Film, Nakilat and Mannai Corporation; while Ooredoo, Qatar First Bank, Qatar General Insurance and Reinsurance, Salam International Investment, Medicare Group and Qatari German Medical Devices were among the losers.
Foreign institutions turned net buyers to the tune of QR33.83mn against net sellers of QR8.27mn on July 6.
The Gulf individuals’ net buying increased marginally to QR0.32mn compared to QR0.25mn on Tuesday.
Foreign individuals’ net selling weakened perceptibly to QR1.52mn against QR4.41mn the previous day.
However, domestic funds’ net selling grew significantly to QR31.45mn compared to QR7.46mn on July 6.
Qatari individuals’ net profit booking strengthened considerably to QR15.58mn against QR1.2mn on Tuesday.
The Gulf institutions’ net buying declined markedly to QR11.27mn compared to QR16.66mn the previous day.
The Arab individuals’ net buying also shrank noticeably to QR3.15mn against QR4.42mn on July 6.
The Arab institutions continued to have no major net exposure for the seventh straight session.
Total trade volume rose 43% to 120.03mn shares, value by 39% to QR335.13mn and transactions by 28% to 7,361.
The insurance sector’s trade volume grew more than six-fold to 3.71mn equities and value more than quadrupled to QR14.46mn on 75% increase in deals to 222.
The transport sector’s trade volume rose more than five-fold to 18.39mn stocks and value by more than six-fold to QR68.2mn on almost tripled transactions to 1,060.
The banks and financial services sector saw 48% surge in trade volume to 20.91mn shares but on 4% decline in value to QR84.57mn despite 30% higher deals at 1,840.
The telecom sector’s trade volume shot up 40% to 4.5mn equities, value by less than 1% to QR19.36mn and transactions by 54% to 878.
There was 19% expansion in the industrials sector’s trade volume to 31.82mn stocks and 28% in value to QR74.04mn but on 5% dip in deals to 1,473.
The real estate sector’s trade volume shot up 17% to 14.42mn shares, value by 25% to QR19.95mn and transactions by 28% to 675.
The consumer goods and services sector reported 12% rise in trade volume to 26.28mn equities and 18% in value to QR54.55mn but on less than 1% contraction in deals to 1,213.
A higher average demand at the transport and industrials counters led the 20-stock Qatar Index snap two consecutive days of bearish spell and gain 84 points or 0.78% to 10,865.88 points, recovering from an intraday low of 10,776 points.
Gulf individuals’ marginally increased buying interests had its influence on the market, whose year-to-date gains improved to 4.12%.
Foreign individuals’ weakened net selling pressure also had its role in sustaining the positive mood on the bourse, whose capitalisation saw more than QR4bn or 0.7% increase to QR628.07bn, mainly owing to large and midcap segments.
Six of the seven sectors experienced buying interests on the market, which saw the industrials, consumer goods and services and banking sectors together constitute about 66% of the total trading volume.
The overall trade turnover and volumes were on the increase on the bourse, where Islamic equities were seen gaining slower than the other indices.
Local retail investors were increasingly net profit takers in the market, which saw a total of 9,048 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR22,313 changed hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index grew 0.78% to 21,509.65 points, All Share Index by 0.69% to 3,440.46points and Al Rayan Islamic Index (Price) by 0.25% to 2,480.08 points.
The transport index surged 3.25%, industrials (0.87%), insurance (0.58%), banks and financial services (0.54%), consumer goods and services (0.29%) and real estate (0.16%); while telecom declined 0.52%.
About 49% of the traded constituents extended gains with major movers being Industries Qatar, QNB, Qatar Insurance, Nakilat, Milaha, Qamco, Commercial Bank, Qatar Cinema and Film, Nakilat and Mannai Corporation; while Ooredoo, Qatar First Bank, Qatar General Insurance and Reinsurance, Salam International Investment, Medicare Group and Qatari German Medical Devices were among the losers.
Foreign institutions turned net buyers to the tune of QR33.83mn against net sellers of QR8.27mn on July 6.
The Gulf individuals’ net buying increased marginally to QR0.32mn compared to QR0.25mn on Tuesday.
Foreign individuals’ net selling weakened perceptibly to QR1.52mn against QR4.41mn the previous day.
However, domestic funds’ net selling grew significantly to QR31.45mn compared to QR7.46mn on July 6.
Qatari individuals’ net profit booking strengthened considerably to QR15.58mn against QR1.2mn on Tuesday.
The Gulf institutions’ net buying declined markedly to QR11.27mn compared to QR16.66mn the previous day.
The Arab individuals’ net buying also shrank noticeably to QR3.15mn against QR4.42mn on July 6.
The Arab institutions continued to have no major net exposure for the seventh straight session.
Total trade volume rose 43% to 120.03mn shares, value by 39% to QR335.13mn and transactions by 28% to 7,361.
The insurance sector’s trade volume grew more than six-fold to 3.71mn equities and value more than quadrupled to QR14.46mn on 75% increase in deals to 222.
The transport sector’s trade volume rose more than five-fold to 18.39mn stocks and value by more than six-fold to QR68.2mn on almost tripled transactions to 1,060.
The banks and financial services sector saw 48% surge in trade volume to 20.91mn shares but on 4% decline in value to QR84.57mn despite 30% higher deals at 1,840.
The telecom sector’s trade volume shot up 40% to 4.5mn equities, value by less than 1% to QR19.36mn and transactions by 54% to 878.
There was 19% expansion in the industrials sector’s trade volume to 31.82mn stocks and 28% in value to QR74.04mn but on 5% dip in deals to 1,473.
The real estate sector’s trade volume shot up 17% to 14.42mn shares, value by 25% to QR19.95mn and transactions by 28% to 675.
The consumer goods and services sector reported 12% rise in trade volume to 26.28mn equities and 18% in value to QR54.55mn but on less than 1% contraction in deals to 1,213.