The Qatar Stock Exchange Monday settled marginally positive, mainly on the increased buying interests in telecom and industrials counters.
Foreign funds were increasingly net buyers as the 20-stock Qatar Index settled 0.03% higher at 11,065.16 points, recovering from an intraday low of 11,029 points.
Foreign and Arab retail investors were seen bullish in the market, whose year-to-date gains were at 6.03%.
Local retail investors’ weakened net selling pressure also had its wee influence in the bourse, whose capitalisation saw QR17mn or 0.03% increase to QR637.5bn, mainly due to microcap segments.
Domestic institutions continued to be net buyers but with lesser intensity in the market, which saw the industrials and banking sectors together constitute about 68% of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where the Gulf institutions turned bearish.
Five of the seven sectors were nevertheless under bearish trend in the market, which saw a total of 25,000 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR186,012 change hands across six deals.
The Total Return Index was up 0.03% to 21,904.15 points and Al Rayan Islamic Index (Price) by 0.04% to 2,513.88 points, while All Share Index was flat at 3,514.37 points in the market, which saw no trading of sovereign bonds and treasury bills.
The telecom sector index gained 0.41% and industrials 0.28%; whereas consumer goods and services declined 0.42%, transport (0.23%), insurance (0.19%), banks and financial services (0.03%) and real estate (0.02%).
Major gainers included Qatari German Medical Devices, Investment Holding Group, Barwa, Qatar Electricity and Water, Qatar First Bank, Industries Qatar, Mazaya Qatar, Ooredoo and Vodafone Qatar.
Nevertheless, Qatar Islamic Insurance, Al Khaleej Takaful, Doha Bank, Qatar Oman Investment, Woqod, Commercial Bank, Qatari Investors Group, Gulf International Services, United Development Company, Ezdan, Milaha, Nakilat and Gulf Warehousing were among the losers.
The foreign institutions’ net buying increased perceptibly to QR6.33mn compared to QR4.66mn on September 5.
Foreign individuals turned net buyers to the tune of QR1.64mn against net sellers to the extent of QR1.43mn on Sunday.
The Arab individuals were net buyers to the extent of QR0.86mn compared with net sellers of QR4.44mn the previous day.
The Gulf individuals turned net buyers to the tune of QR0.63mn against net profit takers of QR0.98mn on September 5.
Qatari individuals’ net selling weakened notably to QR9.89mn compared to QR12.11mn on Sunday.
However, the Gulf funds were net sellers to the extent of QR3.09mn against net buyers of QR2.15mn the previous day.
The domestic funds’ net buying weakened substantially to QR3.43mn compared to QR12.2mn on September 5.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume rose 11% to 118.16mn shares, value by 28% to Q275.75mn and transactions by 21% to 7,015.
The telecom sector’s trade volume soared 45% to 2.41mn equities, value by 24% to QR11.55mn and deals by 9% to 778.
There was 27% surge in the transport sector’s trade volume to 1.74mn stocks, 13% in value to QR5.85mn and 66% in transactions 306.
The industrials sector’s trade volume shot up 17% to 41.95mn shares, value by 30% to QR73.69mn and deals by 21% to 1,720.
The banks and financial services sector saw 15% jump in trade volume to 37.84mn equities, 37% in value to QR121.66mn and 24% in transactions to 2,310.
The consumer goods and services sector’s trade volume was up 2% to 26.61mn stocks, value by 23% to QR50.2mn and deals by 41% to 1,209.
However, the insurance sector reported 45% plunge in trade volume to 0.78mn shares, 42% in value to QR2.52mn and 3% in transactions to 116.
The real estate sector’s trade volume tanked 10% to 6.83mn equities, value by 3% to QR10.28mn and deals by 11% to 576.
In the venture market, Al Faleh and Mekdam Holding equities were seen gaining 0.53% and 3.05% respectively.
Foreign funds were increasingly net buyers as the 20-stock Qatar Index settled 0.03% higher at 11,065.16 points, recovering from an intraday low of 11,029 points.
Foreign and Arab retail investors were seen bullish in the market, whose year-to-date gains were at 6.03%.
Local retail investors’ weakened net selling pressure also had its wee influence in the bourse, whose capitalisation saw QR17mn or 0.03% increase to QR637.5bn, mainly due to microcap segments.
Domestic institutions continued to be net buyers but with lesser intensity in the market, which saw the industrials and banking sectors together constitute about 68% of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where the Gulf institutions turned bearish.
Five of the seven sectors were nevertheless under bearish trend in the market, which saw a total of 25,000 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR186,012 change hands across six deals.
The Total Return Index was up 0.03% to 21,904.15 points and Al Rayan Islamic Index (Price) by 0.04% to 2,513.88 points, while All Share Index was flat at 3,514.37 points in the market, which saw no trading of sovereign bonds and treasury bills.
The telecom sector index gained 0.41% and industrials 0.28%; whereas consumer goods and services declined 0.42%, transport (0.23%), insurance (0.19%), banks and financial services (0.03%) and real estate (0.02%).
Major gainers included Qatari German Medical Devices, Investment Holding Group, Barwa, Qatar Electricity and Water, Qatar First Bank, Industries Qatar, Mazaya Qatar, Ooredoo and Vodafone Qatar.
Nevertheless, Qatar Islamic Insurance, Al Khaleej Takaful, Doha Bank, Qatar Oman Investment, Woqod, Commercial Bank, Qatari Investors Group, Gulf International Services, United Development Company, Ezdan, Milaha, Nakilat and Gulf Warehousing were among the losers.
The foreign institutions’ net buying increased perceptibly to QR6.33mn compared to QR4.66mn on September 5.
Foreign individuals turned net buyers to the tune of QR1.64mn against net sellers to the extent of QR1.43mn on Sunday.
The Arab individuals were net buyers to the extent of QR0.86mn compared with net sellers of QR4.44mn the previous day.
The Gulf individuals turned net buyers to the tune of QR0.63mn against net profit takers of QR0.98mn on September 5.
Qatari individuals’ net selling weakened notably to QR9.89mn compared to QR12.11mn on Sunday.
However, the Gulf funds were net sellers to the extent of QR3.09mn against net buyers of QR2.15mn the previous day.
The domestic funds’ net buying weakened substantially to QR3.43mn compared to QR12.2mn on September 5.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume rose 11% to 118.16mn shares, value by 28% to Q275.75mn and transactions by 21% to 7,015.
The telecom sector’s trade volume soared 45% to 2.41mn equities, value by 24% to QR11.55mn and deals by 9% to 778.
There was 27% surge in the transport sector’s trade volume to 1.74mn stocks, 13% in value to QR5.85mn and 66% in transactions 306.
The industrials sector’s trade volume shot up 17% to 41.95mn shares, value by 30% to QR73.69mn and deals by 21% to 1,720.
The banks and financial services sector saw 15% jump in trade volume to 37.84mn equities, 37% in value to QR121.66mn and 24% in transactions to 2,310.
The consumer goods and services sector’s trade volume was up 2% to 26.61mn stocks, value by 23% to QR50.2mn and deals by 41% to 1,209.
However, the insurance sector reported 45% plunge in trade volume to 0.78mn shares, 42% in value to QR2.52mn and 3% in transactions to 116.
The real estate sector’s trade volume tanked 10% to 6.83mn equities, value by 3% to QR10.28mn and deals by 11% to 576.
In the venture market, Al Faleh and Mekdam Holding equities were seen gaining 0.53% and 3.05% respectively.