The Qatar Stock Exchange Tuesday inched near 11,000 levels, mainly on the back of strong buying interests of the foreign funds.
The banking, transport and telecom counters witnessed higher than average demand as the 20-stock Qatar index settled 0.29% higher at 10,983.33 points, recovering from an intraday low of 10,908 points.
The Arab individuals’ substantially weakened net selling pressure also had its influence in the market, whose year-to-date gains swelled to 5.25%.
The Gulf funds’ net profit booking slackened in the bourse, whose capitalisation saw more than QR2bn or 0.34% increase to QR637.86bn mainly due to small cap segments.
Both local retail investors and domestic funds were increasingly net sellers in the market, which saw the industrials and consumer goods sectors together constitute more than 60% of the total trading volume.
The overall trade turnover and volume were on the increase in the bourse, where the foreign individuals were increasingly net buyers.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 103,677 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR828,427 change hands across 15 deals, while there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 0.29% to 21,742.16 points, All Share Index by 0.32% to 3,502.05 points and Al Rayan Islamic Index (Price) by 0.09% to 2,494.91 points.
The banks and financial services index gained 0.56%, transport (0.41%), telecom (0.31%) and consumer goods and services (0.17%); while realty declined 0.39%, industrials (0.03%) and insurance (0.02%).
Major gainers included Aamal Company, Baladna, Nakilat, Qatari Investors Group, QNB, Ooredoo, QIIB and al khaliji.
Nevertheless, about 57% of the traded constituents were in the red with major losers being Salam International Investment, Investment Holding Group, Dlala, Gulf International Services, Qatar Oman Investment, Mazaya Qatar, Ezdan and Barwa.
The foreign institutions’ net buying increased noticeably to QR98.78mn against QR72.78mn on August 16.
The foreign individuals’ net buying strengthened markedly to QR5.86mn compared to QR0.54mn on Monday.
The Arab individuals’ net selling shrank substantially to QR0.06mn against QR12.39mn the previous day.
The Gulf funds’ net profit booking eased perceptibly to QR4.7mn compared to QR6.12mn on August 16.
However, Qatari individuals’ net selling grew significantly to QR62.65mn against QR30.4mn on Monday.
The domestic institutions’ net selling rose notably to QR35.74mn compared to QR25.2mn the previous day.
The Arab funds were net profit takers to the extent of QR0.78mn against no major net exposure on August 16.
The Gulf individuals turned net sellers to the tune of QR0.71mn compared with net buyers of QR0.38mn on Monday.
Total trade volume rose 8% to 167.77mn shares, value by 24% to QR468.81mn and transactions by 9% to 8,422.
The transport sector’s trade volume more than tripled to 9.55mn equities and value also more than tripled to QR35.07mn on almost doubled deals to 769.
The consumer goods and services sector’s trade volume soared 66% to 60.05mn stocks and value more than doubled to QR95.87mn on 65% growth in transactions to 1,693.
The banks and financial services sector saw 2% expansion in trade volume to 29.07mn shares, 23% in value to QR212.28mn and 17% in deals to 2,963.
However, the market witnessed 42% plunge in insurance’s trade volume to 0.49mn equities, 41% in value to QR1.74mn and 42% in transactions to 71.
The industrials sector’s trade volume plummeted 23% to 54.11mn stocks, value by 13% to QR98.17mn and deals by 16% to 2,156.
There was 14% shrinkage in the real estate sector’s trade volume to 11.91mn shares, 10% in value to QR17.56mn and 22% in transactions to 480.
The telecom sector’s trade volume was down 8% to 2.59mn equities, value by 44% to QR8.13mn and deals by 38% to 290.
The banking, transport and telecom counters witnessed higher than average demand as the 20-stock Qatar index settled 0.29% higher at 10,983.33 points, recovering from an intraday low of 10,908 points.
The Arab individuals’ substantially weakened net selling pressure also had its influence in the market, whose year-to-date gains swelled to 5.25%.
The Gulf funds’ net profit booking slackened in the bourse, whose capitalisation saw more than QR2bn or 0.34% increase to QR637.86bn mainly due to small cap segments.
Both local retail investors and domestic funds were increasingly net sellers in the market, which saw the industrials and consumer goods sectors together constitute more than 60% of the total trading volume.
The overall trade turnover and volume were on the increase in the bourse, where the foreign individuals were increasingly net buyers.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 103,677 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR828,427 change hands across 15 deals, while there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 0.29% to 21,742.16 points, All Share Index by 0.32% to 3,502.05 points and Al Rayan Islamic Index (Price) by 0.09% to 2,494.91 points.
The banks and financial services index gained 0.56%, transport (0.41%), telecom (0.31%) and consumer goods and services (0.17%); while realty declined 0.39%, industrials (0.03%) and insurance (0.02%).
Major gainers included Aamal Company, Baladna, Nakilat, Qatari Investors Group, QNB, Ooredoo, QIIB and al khaliji.
Nevertheless, about 57% of the traded constituents were in the red with major losers being Salam International Investment, Investment Holding Group, Dlala, Gulf International Services, Qatar Oman Investment, Mazaya Qatar, Ezdan and Barwa.
The foreign institutions’ net buying increased noticeably to QR98.78mn against QR72.78mn on August 16.
The foreign individuals’ net buying strengthened markedly to QR5.86mn compared to QR0.54mn on Monday.
The Arab individuals’ net selling shrank substantially to QR0.06mn against QR12.39mn the previous day.
The Gulf funds’ net profit booking eased perceptibly to QR4.7mn compared to QR6.12mn on August 16.
However, Qatari individuals’ net selling grew significantly to QR62.65mn against QR30.4mn on Monday.
The domestic institutions’ net selling rose notably to QR35.74mn compared to QR25.2mn the previous day.
The Arab funds were net profit takers to the extent of QR0.78mn against no major net exposure on August 16.
The Gulf individuals turned net sellers to the tune of QR0.71mn compared with net buyers of QR0.38mn on Monday.
Total trade volume rose 8% to 167.77mn shares, value by 24% to QR468.81mn and transactions by 9% to 8,422.
The transport sector’s trade volume more than tripled to 9.55mn equities and value also more than tripled to QR35.07mn on almost doubled deals to 769.
The consumer goods and services sector’s trade volume soared 66% to 60.05mn stocks and value more than doubled to QR95.87mn on 65% growth in transactions to 1,693.
The banks and financial services sector saw 2% expansion in trade volume to 29.07mn shares, 23% in value to QR212.28mn and 17% in deals to 2,963.
However, the market witnessed 42% plunge in insurance’s trade volume to 0.49mn equities, 41% in value to QR1.74mn and 42% in transactions to 71.
The industrials sector’s trade volume plummeted 23% to 54.11mn stocks, value by 13% to QR98.17mn and deals by 16% to 2,156.
There was 14% shrinkage in the real estate sector’s trade volume to 11.91mn shares, 10% in value to QR17.56mn and 22% in transactions to 480.
The telecom sector’s trade volume was down 8% to 2.59mn equities, value by 44% to QR8.13mn and deals by 38% to 290.