The Qatar Stock Exchange Monday witnessed strong buying, particularly in the industrial counter, to lift the key index more than 13 points.
The foreign institutions were increasingly into net buying as the 20-stock Qatar Index settled 0.11% higher at 11,834.18 points, having touched an intraday high of 11,871 points.
The Gulf funds were seen bullish in the bourse, whose year-to-date gains were at 13.4%.
The Islamic index was seen declining vis-à-vis gains in the other indices in the market, whose capitalisation saw mere QR7mn or 0.01% increase to QR681.75bn, mainly owing to microcap segments.
The Arab individuals were also increasingly into net buying in the bourse, where the industrials sector alone constituted about 52% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the main market, where the domestic institutions were increasingly into net profit booking.
The local retail investors turned bearish in the market, which saw a total of 14,248 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR37,789 change hands across six deals.
The Total Return Index rose 0.11% to 23,426.47 points and All Share Index by 0.04% to 3,736.63 points, while Al Rayan Islamic Index (Price) declined 0.16% to 2,662.95 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index gained about 1%; whereas real estate shrank 0.65%, consumer goods and services (0.44%), telecom (0.3%), transport (0.23%), banks and financial services (0.17%) and insurance (0.16%).
Major gainers in the main market included Qatar Industrial Manufacturing, Industries Qatar, Qamco, Doha Insurance, Mannai Corporation and Commercial Bank. Al Faleh Educational Holding saw its shares gain in the venture market.
Nevertheless, about 74% of the traded constituents were in the red with major losers being Investment Holding Group, Aamal Company, Medicare Group, QLM, Ezdan, Qatari German Medical Devices, Widam Food, Al Meera, Qatari Investors Group, Gulf International Services, Mazaya Qatar, Vodafone Qatar, Barwa, Gulf Warehousing and Nakilat. In the juniour bourse, Mekdam Holding stocks were down.
The foreign institutions’ net buying increased considerably to QR58.46mn compared to QR22.45mn on October 24.
The Gulf institutions turned net buyers to the tune of QR25.77mn against net sellers of QR6.19mn the previous day.
The Arab individuals’ net buying strengthened markedly to QR5.5mn compared to QR2.25mn on Sunday.
The foreign individuals’ net buying grew notably to QR3.69mn against QR2.02mn on October 24.
The Gulf individuals were net buyers to the extent of QR0.12mn compared with net sellers of QR1.47mn the previous day.
However, the domestic funds’ net profit booking shot up drastically to QR50.55mn against QR33.78mn on Sunday.
The local retail investors turned net sellers to the tune of QR42.98mn compared with net buyers of QR14.72mn on October 24.
The Arab institutions had no major net exposure for the twelfth consecutive session.
Total trade volume in the main market fell 2% to 196.97mn shares, while value rose 27% to QR542.08mn and transactions by 54% to 13,139.
The real estate sector’s trade volume plummeted 70% to 17.17mn equities, value by 70% to QR26.41mn and deals by 55% to 999.
There was 14% plunge in the transport sector’s trade volume to 11.56mn stocks and 33% in value to QR47.29mn but on 19% jump in transactions to 894.
The consumer goods and services sector’s trade volume tanked 12% to 30.97mn shares and value by 3% to QR55.77mn, whereas deals rose 9% to 1,291.
However, the telecom sector’s trade volume more than doubled to 3.69mn equities and value increased more than six-fold to QR22.45mn and transactions by more than five-fold to 487.
The banks and financial services sector’s trade volume soared 44% to 29.67mn stocks and value more than doubled to QR164.06mn on more than tripled deals to 5,402.
The industrials sector reported 41% surge in trade volume to 102.34mn shares, 64% in value to QR221.03mn and 58% in deals to 3,935.
The insurance’s sector’s trade volume shot up 11% to 1.57mn equities and value by 15% to QR5.08mn; while transactions fell 22% to 131.
In the venture market, volumes, value and deals tumbled 55.93%, 78.83% and 70.58% respectively.