An across the board buying – especially in the real estate, industrials and consumer goods – Wednesday lifted the Qatar Stock Exchange by more than 15 points in key barometer and QR4bn in capitalisation.
The Islamic equities continued to see faster gains than the conventional ones as the 20-stock Qatar Index settled 0.14% higher at 10,858.42 points, recovering from an intraday low of 10,813 points.
About 74% of the traded constituents saw their shares appreciate in value in the market, whose year-to-date gains improved further to 4.05%.
The foreign and Gulf institutions were increasingly net buyers in the bourse, whose capitalisation saw 0.65% increase to QR630.17n, mainly owing to midcap segments.
Foreign individuals were seen net buyers, albeit at lower levels, in the market, which saw the industrials and consumer goods and services sectors together constitute more than three-fourth of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where foreign funds continued to be net buyers but with lesser intensity.
The Arab individuals were increasingly net profit takers in the market, which saw a total of 55,950 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR373,356 change hands across 15 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 0.14% to 21,494.9 points, All Share Index by 0.25% to 3,445.98 points and Al Rayan Islamic Index (Price) by 0.29% to 2,500.22 points.
The real estate index soared 1.13%, industrials (0.35%), consumer goods and services (0.2%), banks and financial services (01.9%), telecom (0.15%), insurance (0.13%) and transport (0.01%).
Major gainers included Investment Holding Group, Salam International Investment, Ezdan, Qatar Oman Investment, Inma Holding, QNB, Ahlibank Qatar, Alijarah Holding, Qatar First Bank, Qatari German Medical Devices, Widam Food, Aamal Company, Mesaieed Petrochemical Holding, QLM and Mazaya Qatar; even as al khaliji, Al Khaleej Takaful, Qatar Islamic Bank, Masraf Al Rayan and Woqod were among the losers.
Qatari individuals’ net buying increased significantly to QR26.05mn against QR0.74mn on August 3.
The Gulf funds’ net buying also grew considerably to QR15.2mn compared to QR4.51mn the previous day.
Foreign individuals turned net buyers to the tune of QR0.56mn against net sellers of QR3.9mn on Tuesday.
However, domestic funds’ net selling increased markedly to QR45.92mn compared to QR33.22mn on August 3.
The Arab individuals’ net profit booking grew noticeably to QR13.23mn against QR11.62mn the previous day.
The Gulf individuals net selling grew marginally to QR0.96mn compared to QR0.94mn on Tuesday.
Foreign institutions’ net buying decreased drastically to QR18.28mn against QR44.43mn on August 3.
The Arab institutions had no major net exposure for the fourth straight session.
Total trade volume rose 52% to 339mn shares, value by 31% to QR549.56mn and transactions by 9% to 11,748.
The consumer goods and services sector’s trade volume more than doubled to 152.1mn equities and value almost doubled to QR178.54mn on 53% increase in deals 2,372.
The insurance’s trade volume almost doubled to 1.38mn stocks and value more than doubled to QR5.29mn on more than doubled transactions to 180.
There was 67% surge in the real estate sector’s trade volume to 36.29mn shares, 91% in value to QR55.57mn and 58% in deals to 1,299.
The banks and financial services sector’s trade volume shot up 57% to 38.9mn equities and value grew more than seven-fold to QR122.45mn but on 9% lower transactions at 2,714.
The market witnessed 35% expansion in the telecom sector’s trade volume to 4.82mn stocks, 10% in value to QR17.64mn and 17% in deals to 1,078.
The industrials sector’s trade volume was up 2% to 102.52mn shares, while value fell 2% to QR160.16mn and transactions by 11% to 3,066.
However, the transport sector reported 20% shrinkage in trade volume to 2.99mn equities, 27% in value to QR9.9mn and 21% in deals to 439.