Foreign, Gulf funds lift QSE above 11,500 points
October 04 2021 07:36 PM

The Qatar Stock Exchange on Monday surpassed the 11,500 levels, mainly on the back of strong buying in industrials, banking, real estate and transport sectors.
The foreign institutions were seen bullish as the 20-stock Qatar Index settled 49 points or 0.43% higher at 11,512.29 points, recovering from an intraday low of 11,429 points.
The Gulf funds were also net buyers in the bourse, whose year-to-date gains improved to 10.31%.
More than 67% of the traded constituents extended gains to investors in the market, whose capitalisation rose about QR4bn or 0.6% to QR664.11bn, mainly on mid and small cap segments.
The Islamic index was seen gaining slower than the other indices in the bourse, where the real estate and industrials sectors together constituted more than 56% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, where the Arab individuals continued to be net buyers but with lesser intensity.
However, local retail investors were increasingly net profit takers in the market, which saw a total of 41,242 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR183,856 change hands across 13 deals.
The Total Return Index gained 0.43% to 22,789.28 points, Al Rayan Islamic Index (Price) by 0.34% to 2,612.32 points and All Share Index by 0.48% to 3,632.09 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index expanded 0.61%, realty (0.58%), banks and financial institutions (0.52%), transport (0.52%), consumer goods and services (0.32%) and insurance (0.24%); while telecom declined 0.65%.
Major gainers in the main market included Mannai Corporation, Alijarah Holding, Mazaya Qatar, Ezdan, Doha Insurance, QNB, Qatar Islamic Bank, Masraf Al Rayan, Qatar Oman Investment, Industries Qatar, Aamal Company, Qamco, Qatar Industrial Manufacturing and Nakilat.
Nevertheless, al khaliji, QLM, Investment Holding Group, Ooredoo, Vodafone Qatar and Qatar Islamic Insurance were among the losers. In the venture market, it was Mekdam Holding Group.
The foreign funds turned net buyers to the tune of QR101.26mn compared with net sellers of QR13.65mn on October 3.
The Gulf institutions were net buyers to the extent of QR22.63mn against net sellers of QR3.28mn the previous day.
The Arab funds turned net buyers to the tune of QR0.19mn compared with no major net exposure for the previous nine sessions.
However, the local retail investors’ net selling grew significantly to QR67.06mn against QR4.08mn on Sunday.
The domestic funds were net sellers to the extent of QR55.59mn compared with net buyers of QR11.77mn on October 3.
The foreign individuals turned net sellers to the tune of QR1.26mn against net buyers of QR3.85mn the previous day.
The Gulf individuals’ net profit booking rose perceptibly to QR1.23mn compared to QR0.97mn on Sunday.
The Arab individuals’ net buying weakened markedly to QR1.07mn against QR6.37mn on October 3.
Total trade volume in the main market rose 81% to 236.47mn shares, value by 67% to QR542.77mn and transactions almost doubled to 11,211. The venture market had seen 55%, 70% and 30% decline in volume, value and deals respectively.
In the main market, the real estate sector’s trade volume more than tripled to 75.64mn equities and value almost quadrupled to QR101.84mn on more than tripled transactions to 1,997.
The banks and financial services sector’s trade volume more than doubled to 56.92mn stocks and value more than doubled to QR174.2mn on more than doubled deals to 3,645.
The consumer goods and services sector’s trade volume almost doubled to 29.51mn shares and value soared 26% to QR64.79mn on more than doubled transactions to 1,384.
There was 41% surge in the industrials sector’s trade volume to 57.93mn equities, 48% in value to QR152.02mn and 65% in deals to 2,819.
The transport sector’s trade volume shot up 35% to 8.25mn stocks, value by 20% to QR29.8mn and transactions by 36% to 633.
However, the telecom sector saw 69% plunge in trade volume to 6.89mn shares, 64% in value to QR15.13mn and 11% in deals to 610.
The insurance’s sector’s trade volume shrank 51% to 1.34mn equities and value by 34% to QR5mn; whereas transactions shot up 23% to 123.

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