The Qatar Stock Exchange on Wednesday crossed the 12,600 levels, reflecting the higher oil prices, which had hit seven-year high in the international markets.
The real estate, transport and industrials counters witnessed higher than average demand as the 20-stock Qatar Index settled about 42 points or 0.33% higher at 12,612.32 points, recovering from an intraday low of 12,559 points.
The weakened net selling pressure from local retail investors and domestic funds had its influence on the market, whose capitalisation saw more than QR1bn or 0.19% addition to QR719.31bn, mainly on the back of small cap segments.
More than 54% of the traded constituents extended gains to investors in the bourse, where the banking, industrials and realty sectors accounted for about 76% of the trading volume.
The foreign and Gulf institutions also continued to be net buyers but with lesser vigour in the bourse, which saw a total of 40,758 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR351,975 changed hands across 13 deals.
The Islamic index was seen gaining slower than the main barometer in the market, which saw no trading of sovereign bonds.
Total trade turnover was seen declining amidst higher volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.33% to 24,966.85 points, the All Share Index by 0.24% to 3,969.58 points and the Al Rayan Islamic Index (Price) by 0.31% to 2,766.68 points.
The real estate sector index shot up 1.66%, transport (1.4%), industrials (0.89%) and consumer goods and services (0.11%); while insurance declined 0.94%, banks and financial services (0.11%) and telecom (0.11%).
Major gainers in the main market included Mannai Corporation, United Development Company, Qatar Industrial Manufacturing, Nakilat, Barwa, Doha Bank, Dlala, Industries Qatar, Investment Holding Group, Qamco, Vodafone Qatar and Milaha.
Nevertheless, Ahlibank Qatar, Al Meera Consumer Goods, Qatar Insurance, Qatar Cinema and Film Distribution, Qatari German Medical Devices and Baladna were among the losers in the main market.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their stocks depreciate in value.
The domestic funds’ net selling declined substantially to QR24.1mn compared to QR85.95mn on January 18.
Qatari individuals’ net selling also shrank significantly to QR32.93mn against QR83.55mn the previous day.
However, the Arab individuals’ net profit booking grew markedly to QR4.31mn compared to QR1.71mn on Tuesday.
The Gulf individuals were net sellers to the tune of QR0.39mn against net buyers of QR2.32mn on January 18.
The foreign institutions’ net buying decreased drastically to QR58.16mn compared to QR150.3mn the previous day.
The Gulf institutions’ net buying weakened noticeably to QR3.36mn against QR12.61mn on Tuesday.
The foreign individuals’ net buying decreased notably to QR0.21mn compared to QR5.98mn on January 18.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market rose 22% to 169.03mn shares, while value fell 8% to QR651.16mn and transactions by 6% to 13,243.
The real estate sector’s trade volume more than doubled to 37.2mn equities and value more than tripled to QR69.46mn on 66% increase in deals to 1,231.
The transport sector’s trade volume more than doubled to 15.66mn stocks and value almost doubled to QR74.98mn on more than doubled transactions to 1,103.
There was a 6% expansion in the industrials sector’s trade volume to 37.23mn shares, 11% in value to QR136.29mn and 10% in deals to 2,912.
The consumer goods and services sector’s trade volume was up 2% to 15.4mn equities, value by 26% to QR41.54mn and transactions by 4% to 1,306.
The banks and financial services sector saw a 1% gain in trade volume to 53.83mn stocks but on 31% contraction in value to QR303.91mn and 21% in deals to 5,763.
However, the telecom sector’s volume tanked 38% to 5.31mn shares, value by 57% to QR13.42mn and transactions by 41% to 580.
The insurance sector reported a 17% plunge in trade volume to 4.41mn stocks, 20% in value to QR11.55mn and 36% in deals to 348.
In the venture market, volumes zoomed 66.53% to 91,952 stocks, value by 26.62% to QR0.41mn and transactions by 42.31% to 37.
The real estate, transport and industrials counters witnessed higher than average demand as the 20-stock Qatar Index settled about 42 points or 0.33% higher at 12,612.32 points, recovering from an intraday low of 12,559 points.
The weakened net selling pressure from local retail investors and domestic funds had its influence on the market, whose capitalisation saw more than QR1bn or 0.19% addition to QR719.31bn, mainly on the back of small cap segments.
More than 54% of the traded constituents extended gains to investors in the bourse, where the banking, industrials and realty sectors accounted for about 76% of the trading volume.
The foreign and Gulf institutions also continued to be net buyers but with lesser vigour in the bourse, which saw a total of 40,758 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR351,975 changed hands across 13 deals.
The Islamic index was seen gaining slower than the main barometer in the market, which saw no trading of sovereign bonds.
Total trade turnover was seen declining amidst higher volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.33% to 24,966.85 points, the All Share Index by 0.24% to 3,969.58 points and the Al Rayan Islamic Index (Price) by 0.31% to 2,766.68 points.
The real estate sector index shot up 1.66%, transport (1.4%), industrials (0.89%) and consumer goods and services (0.11%); while insurance declined 0.94%, banks and financial services (0.11%) and telecom (0.11%).
Major gainers in the main market included Mannai Corporation, United Development Company, Qatar Industrial Manufacturing, Nakilat, Barwa, Doha Bank, Dlala, Industries Qatar, Investment Holding Group, Qamco, Vodafone Qatar and Milaha.
Nevertheless, Ahlibank Qatar, Al Meera Consumer Goods, Qatar Insurance, Qatar Cinema and Film Distribution, Qatari German Medical Devices and Baladna were among the losers in the main market.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their stocks depreciate in value.
The domestic funds’ net selling declined substantially to QR24.1mn compared to QR85.95mn on January 18.
Qatari individuals’ net selling also shrank significantly to QR32.93mn against QR83.55mn the previous day.
However, the Arab individuals’ net profit booking grew markedly to QR4.31mn compared to QR1.71mn on Tuesday.
The Gulf individuals were net sellers to the tune of QR0.39mn against net buyers of QR2.32mn on January 18.
The foreign institutions’ net buying decreased drastically to QR58.16mn compared to QR150.3mn the previous day.
The Gulf institutions’ net buying weakened noticeably to QR3.36mn against QR12.61mn on Tuesday.
The foreign individuals’ net buying decreased notably to QR0.21mn compared to QR5.98mn on January 18.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market rose 22% to 169.03mn shares, while value fell 8% to QR651.16mn and transactions by 6% to 13,243.
The real estate sector’s trade volume more than doubled to 37.2mn equities and value more than tripled to QR69.46mn on 66% increase in deals to 1,231.
The transport sector’s trade volume more than doubled to 15.66mn stocks and value almost doubled to QR74.98mn on more than doubled transactions to 1,103.
There was a 6% expansion in the industrials sector’s trade volume to 37.23mn shares, 11% in value to QR136.29mn and 10% in deals to 2,912.
The consumer goods and services sector’s trade volume was up 2% to 15.4mn equities, value by 26% to QR41.54mn and transactions by 4% to 1,306.
The banks and financial services sector saw a 1% gain in trade volume to 53.83mn stocks but on 31% contraction in value to QR303.91mn and 21% in deals to 5,763.
However, the telecom sector’s volume tanked 38% to 5.31mn shares, value by 57% to QR13.42mn and transactions by 41% to 580.
The insurance sector reported a 17% plunge in trade volume to 4.41mn stocks, 20% in value to QR11.55mn and 36% in deals to 348.
In the venture market, volumes zoomed 66.53% to 91,952 stocks, value by 26.62% to QR0.41mn and transactions by 42.31% to 37.
