The Qatar Stock Exchange on Monday gained more than 49 points, mainly on the back of strong buying interests of foreign institutions.
The industrials, transport and real estate counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.43% to 11,670.01 points, recovering from an intraday low of 11,584 points.
The Gulf individuals were seen net buyers in the market, whose year-to-date gains stood at 0.38%.
Market capitalisation stood at QR668.13bn, mainly lifted by the microcap segments.
The foreign individuals’ weakened net selling also had its influence in the bourse, which nevertheless saw losers outnumber gainers.
Local individuals turned bearish in the main market, which saw a total of 6,290 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR23,084 trade across six deals.
The Total Return Index rose 0.43% to 23,101.66 points, All Share Index by 0.38% to 3,697.38 points and Al Rayan Islamic Index (Price) by 0.4% to 2,581.99 points.
The industrials index shot up 0.82%, transport (0.67%), real estate (0.45%), banks and financial services (0.34%) and telecom (0.2%); while consumer goods and services declined 0.48% and insurance 0.29%.
Major gainers in the main market included Ahlibank Qatar, Mesaieed Petrochemical Holding, Milaha, Widam Food, United Development Company, QNB, Qatar Islamic Bank, Qatar National Cement, Industries Qatar and Qamco. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Nevertheless, Al Khaleej Takaful, Inma Holding, Qatari German Medical Devices, Salam International Investment, Al Meera, Doha Bank, Qatar First Bank, Qatar Oman Investment, Aamal Company and Ezdan were among the losers in the main market.
Foreign institutions were net buyers to the tune of QR26.67mn compared with net sellers of QR0.48mn on Sunday.
The Gulf individuals turned net buyers to the extent of QR0.78mn against net sellers of QR0.76mn the previous day.
The foreign individuals’ net profit booking declined sharply to QR3.96mn compared to QR8.98mn on Sunday.
The Arab individuals’ net selling weakened perceptibly to QR2.9mn against QR3.49mn on Sunday.
However, local retail investors turned net sellers to the tune of QR20.06mn compared with net buyers of QR6.66mn the previous day.
The Gulf institutions were net sellers to the extent of QR0.67mn against net buyers of QR0.55mn on Sunday.
The domestic funds’ net buying declined marginally to QR0.04mn compared to QR6.51mn on Sunday.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market stood at 75.38mn shares, value at QR162.64mn and transactions at 4,760. In the venture market, volume, value and deals were at 106,790, QR691,129 and 49 respectively.
In the main market, a total of 27.47mn industrials equities valued at QR54.17mn changed hands across 1,817 transactions and as many as 14.45mn consumer goods and services stocks worth QR17.09mn trade across 487 deals.
The banks and financial services sector saw a total of 12.96mn shares valued at QR51.96mn change hands across 1,530 deals and a total of 14.64mn real estate equities worth QR17.31mn trade across 420 transactions.
The insurance sector witnessed a total of 1.67mn stocks valued at QR4.36mn change hands across 99 deals.
In the case of transport, the sector saw as many as 1.41mn shares worth QR7.86mn trade across 182 transactions and the telecom sector witnessed a total of 2.76n equities valued at QR9.89mn change hands across 225 deals.
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