Foreign funds lift QSE above 12,500 points
January 24 2022 11:27 PM
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QSE
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The Qatar Stock Exchange on Monday gained more than 35 points and its key index settled above 12,500 levels, mainly on the back of foreign institutions’ strong net buying interests.
The consumer goods, transport, real estate and telecom counters witnessed higher than average demand as the 20-sock Qatar Index shot up 0.28% to 12,523.34 points, recovering from an intraday low of 12,450.96 points.
The foreign individuals turned net buyers in the market, whose year-to-date gains were at 7.72%.
The domestic institutions’ weakened net profit booking also had its influence in the bourse, whose capitalisation saw more than QR2bn or 0.34% increase to QR717.62bn, mainly on the back of small cap segments.
More than 53% of the traded constituents extended gains to investors in the bourse, where the realty and industrials sectors together accounted for more than 51% of the trading volume.
The Gulf retail investors were seen increasingly into net buying, albeit at lower levels, in the market, which saw a total of 36,088 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR340,036 changed hands across 11 deals.
The Islamic index was seen gaining slower than the other indices in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.28% to 24,790.71 points, All Share Index by 0.26% to 3,949.25 points and Al Rayan Islamic Index (Price) by 0.01% to 2,758.22 points.
The consumer goods and services sector index expanded 1.16%, transport (0.72%), real estate (0.47%), telecom (0.4%), industrials (0.19%) and banks and financial services (0.13%); while insurance declined 0.27%.
Major gainers in the main market included Mannai Corporation, Commercial Bank, Woqod, Qatar Electricity and Water, Doha Bank, Qatar First Bank, Salam International Investment, QLM, Ezdan, Barwa, Vodafone Qatar, Nakilat and Milaha.
Nevertheless, Qatari German Medical Devices, Qatar Islamic Bank, Qatar Industrial Manufacturing, Doha Insurance, Widam Food, Qatar National Cement, Mazaya Qatar and United Development Company were among the losers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their scrips depreciate in value.
The foreign institutions’ net buying weakened markedly to QR48.13mn compared to QR31.01mn on January 23.
The foreign individuals turned net buyers to the tune of QR2.37mn against net sellers of QR5.27mn on Sunday.
The Gulf individuals’ net buying grew perceptibly to QR1.32mn compared to QR0.08mn the previous day.
The domestic funds’ net selling declined considerably to QR1.58mn against QR24.17mn on January 23.
However, Qatari individuals’ net profit booking grew substantially to QR34.62mn compared to QR14.28mn on Sunday.
The Gulf institutions were net sellers to the extent of QR8.13mn against net buyers of QR11.94mn the previous day.
The Arab individuals turned net sellers to the tune of QR7.49mn compared with net buyers of QR0.69mn on January 23.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market rose 34% to 173.77mn shares, value by 44% to QR568.19mn and transactions by 52% to 13,153.
The telecom sector’s volume more than tripled to 8.02mn equities and value also more than tripled to QR17.14mn on more than tripled deals to 587.
The real estate sector’s trade volume more than doubled to 51.85n stocks and value also more than doubled to QR83.44mn on 5% increase in transactions to 852.
The transport sector’s trade volume almost doubled to 10.42mn shares and value more than doubled to QR58.46mn on more than doubled deals to 852.
The consumer goods and services sector’s trade volume soared 42% to 33.35mn equities, value by 47% to QR96.8mn and transactions by 83% to 2,127.
The banks and financial services sector saw 6% expansion in trade volume to 30.92mn stocks, 31% in value to QR179.45mn and 79% in deals to 5,610.
However, the insurance sector’s trade volume tanked 18% to 2.21mn shares, value by 16% to QR5.77mn and transactions by 6% to 343.
There was a 13% plunge in the industrials sector’s trade volume to 37mn equities but on 3% growth in value to QR127.15mn and 5% in deals to 2,782.
In the venture market, volumes shed 67.92% to 93,367 stocks, value by 67.16% to QR0.62mn and transactions by 45.65% to 75.
 
 



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