The Qatar Stock Exchange Tuesday continued its winning streak for the 10th straight session and its key index inched near the 11,200 levels, mainly lifted by the real estate and telecom counters.
The Gulf institutions were seen bullish as the 20-stock Qatar Index settled 33 points or 0.29% higher at 11,166.01 points, having recovered from an intraday low of 11,090 points.
The domestic institutions’ weakened net selling pressure had its influence in the market, whose year-to-date gains swelled to 7%.
About 49% of the traded constituents extended gains in the bourse, whose capitalisation saw about QR1bn or 0.15% increase to QR643.45bn, mainly due to midcap segments.
The foreign institutions continued to be net buyers but with lesser intensity in the market, which saw the industrials, banking and real estate sectors together constitute more than 78% of the total trading volume.
The overall trade turnover and volume were on the decline in the bourse, where local retail investors were increasingly net profit takers.
The Islamic index was seen gaining faster than the other indices for the second day in the market, which saw a total of 212,316 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR2.2mn change hands across 26 deals.
The Total Return Index rose 0.29% to 22,103.79 points, All Share Index by 0.19% to 3,541.02 points and Al Rayan Islamic Index (Price) by 0.4% to 2,529.27 points in the market which saw no trading of sovereign bonds and treasury bills.
The realty sector index shot up 1.6%, telecom (0.44%), banks and financial services (0.34%), insurance (0.29%) and transport (0.11%); whereas consumer goods and services declined 0.57% and industrials 0.26%.
Major gainers included United Development Company, al khaliji, Barwa, Commercial Bank, Qatar First Bank, Qatari German Medical Devices, Al Meera, Qamco. Qatar Insurance, Ezdan. Ooredoo and Milaha; even as Zad Holding, Mannai Corporation, QLM, Doha Insurance, Salam International Investment, Medicare Group, Qatar Electricity and Water and Al Khaleej Takaful were among the losers.
The Gulf funds turned net buyers to the tune of QR4.69mn compared with net sellers of QR9.23mn on August 23.
The domestic funds’ net selling declined considerably to QR36.05mn against QR56.99mn the previous day.
However, the local retail investors’ net selling rose notably to QR28.76mn compared to QR24.5mn on Monday.
The Arab individuals were net sellers to the extent of QR6.38mn against net buyers of QR4.72mn on August 23.
The Gulf individuals’ net profit booking strengthened markedly to QR2.05mn compared to QR1.15mn the previous day.
Foreign individuals turned net sellers to the tune of QR1.38mn against net buyers of QR6.54mn on Monday.
The foreign institutions’ net buying weakened drastically to QR69.92mn compared to QR80.6mn on August 23.
The Arab institutions had no major net exposure for the third consecutive session.
Total trade volume fell 13% to 135.35mn shares and value by 13% to Q374.28mn, while transactions rose 8% to 10,121.
The consumer goods and services sector’s trade volume plummeted 53% to 17.27mn equities, value by 38% to QR31.04mn and deals by 37% to 703.
The transport sector reported 53% plunge in trade volume to 5.21mn stocks, 48% in value to QR20.38mn and 36% in transactions to 514.
The industrials sector’s trade volume tanked 16% to 49.66mn shares, value by 28% to QR80.45mn and deals by 14% to 2,214.
The banks and financial services sector saw 5% shrinkage in trade volume to 32.44mn equities and 3% in value to QR186.03mn but on 17% growth in transactions to 4,218.
However, the real estate sector’s trade volume more than doubled to 23.85mn stocks and value almost tripled to QR37.52mn on more than tripled deals to 2,047.
The market witnessed 5% jump in insurance sector’s trade volume to 3.66mn shares but on 5% contraction in value to QR9.13mn and 23% in transactions to 160.
The telecom sector’s trade volume was up less than 1% to 2.96mn equities, whereas value shrank 39% to QR9.72mn and deals by 43% to 265.
In the venture market, Al Faleh was seen unchanged; while Mekdam Holding was seen gaining.
The Gulf institutions were seen bullish as the 20-stock Qatar Index settled 33 points or 0.29% higher at 11,166.01 points, having recovered from an intraday low of 11,090 points.
The domestic institutions’ weakened net selling pressure had its influence in the market, whose year-to-date gains swelled to 7%.
About 49% of the traded constituents extended gains in the bourse, whose capitalisation saw about QR1bn or 0.15% increase to QR643.45bn, mainly due to midcap segments.
The foreign institutions continued to be net buyers but with lesser intensity in the market, which saw the industrials, banking and real estate sectors together constitute more than 78% of the total trading volume.
The overall trade turnover and volume were on the decline in the bourse, where local retail investors were increasingly net profit takers.
The Islamic index was seen gaining faster than the other indices for the second day in the market, which saw a total of 212,316 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR2.2mn change hands across 26 deals.
The Total Return Index rose 0.29% to 22,103.79 points, All Share Index by 0.19% to 3,541.02 points and Al Rayan Islamic Index (Price) by 0.4% to 2,529.27 points in the market which saw no trading of sovereign bonds and treasury bills.
The realty sector index shot up 1.6%, telecom (0.44%), banks and financial services (0.34%), insurance (0.29%) and transport (0.11%); whereas consumer goods and services declined 0.57% and industrials 0.26%.
Major gainers included United Development Company, al khaliji, Barwa, Commercial Bank, Qatar First Bank, Qatari German Medical Devices, Al Meera, Qamco. Qatar Insurance, Ezdan. Ooredoo and Milaha; even as Zad Holding, Mannai Corporation, QLM, Doha Insurance, Salam International Investment, Medicare Group, Qatar Electricity and Water and Al Khaleej Takaful were among the losers.
The Gulf funds turned net buyers to the tune of QR4.69mn compared with net sellers of QR9.23mn on August 23.
The domestic funds’ net selling declined considerably to QR36.05mn against QR56.99mn the previous day.
However, the local retail investors’ net selling rose notably to QR28.76mn compared to QR24.5mn on Monday.
The Arab individuals were net sellers to the extent of QR6.38mn against net buyers of QR4.72mn on August 23.
The Gulf individuals’ net profit booking strengthened markedly to QR2.05mn compared to QR1.15mn the previous day.
Foreign individuals turned net sellers to the tune of QR1.38mn against net buyers of QR6.54mn on Monday.
The foreign institutions’ net buying weakened drastically to QR69.92mn compared to QR80.6mn on August 23.
The Arab institutions had no major net exposure for the third consecutive session.
Total trade volume fell 13% to 135.35mn shares and value by 13% to Q374.28mn, while transactions rose 8% to 10,121.
The consumer goods and services sector’s trade volume plummeted 53% to 17.27mn equities, value by 38% to QR31.04mn and deals by 37% to 703.
The transport sector reported 53% plunge in trade volume to 5.21mn stocks, 48% in value to QR20.38mn and 36% in transactions to 514.
The industrials sector’s trade volume tanked 16% to 49.66mn shares, value by 28% to QR80.45mn and deals by 14% to 2,214.
The banks and financial services sector saw 5% shrinkage in trade volume to 32.44mn equities and 3% in value to QR186.03mn but on 17% growth in transactions to 4,218.
However, the real estate sector’s trade volume more than doubled to 23.85mn stocks and value almost tripled to QR37.52mn on more than tripled deals to 2,047.
The market witnessed 5% jump in insurance sector’s trade volume to 3.66mn shares but on 5% contraction in value to QR9.13mn and 23% in transactions to 160.
The telecom sector’s trade volume was up less than 1% to 2.96mn equities, whereas value shrank 39% to QR9.72mn and deals by 43% to 265.
In the venture market, Al Faleh was seen unchanged; while Mekdam Holding was seen gaining.
