The Qatar Stock Exchange on Thursday gained more than 27 points to once again cross the 12,500 levels, mainly on the back of strong buying interests of the foreign institutions.
The telecom, industrials and banking counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.22% higher at 12,508.64 points, recovering from an intraday low of 12,472 points.
The foreign funds were also seen increasingly into net buying in the market, whose year-to-date gins were at 7.59%.
The Gulf individuals were seen net buyers, albeit at lower levels, in the bourse, whose capitalisation saw more than QR1bn or 0.17% increase to QR717.04bn, mainly on the back of microcap segments.
The domestic funds’ weakened net selling also had its influence on the market, where the industrials and banking sectors together accounted for about 58% of the trading volume.
The Arab retail investors continued to be net profit takers but with lesser vigour in the bourse, which saw a total of 32,408 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR327,927 changed hands across nine deals.
The Islamic index was seen gaining slower than the other indices in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the decline in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.22% to 24,761.61 points, the All Share Index by 0.18% to 3,949.45 points and the Al Rayan Islamic Index (Price) by 0.11% to 2,744.67 points.
The telecom sector index expanded 0.46%, industrials (0.4%), banks and financial services (0.23%) and transport (0.13%); while real estate declined 0.86%, insurance (0.26%) and consumer goods and services (0.1%).
Major gainers in the main market included Qatari German Medical Devices, Milaha, Doha Insurance, Qatar Islamic Bank, QIIB, Investment Holding Group, QNB, Industries Qatar, Vodafone Qatar and Ooredoo.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Nevertheless, more than 60% of the traded constituents in the main market were in the red and included Inma Holding, United Development Company, Al Khaleej Takaful, Qatar Industrial Manufacturing, Salam International Investment, Doha Bank, Aamal Company, Mazaya Qatar and Nakilat.
The foreign institutions’ net buying expanded significantly to QR139.11mn compared to QR92.15mn on January 26.
The foreign individuals’ net buying grew perceptibly to QR3.17mn against QR2.87mn the previous day.
The Gulf individuals turned net buyers to the tune of QR0.47mn compared with net sellers of QR1.01mn on Wednesday.
The domestic institutions’ net selling decreased substantially to QR27.44mn against QR44.65mn on January 26.
The Arab individuals’ net profit booking fell markedly to QR4.87mn compared to QR11.79mn the previous day.
However, Qatari individuals’ net selling strengthened drastically to QR96.24mn against QR49.35mn on Wednesday.
The Gulf institutions were net sellers to the extent of QR14.2mn compared with net buyers of QR11.77mn on January 26.
The Arab institutions had no major net exposure.
Total trade volume in the main market fell 20% to 158.63mn shares, value by 10% to QR622.51mn and transactions by 15% to 12,482.
The transport sector reported a 66% plunge in trade volume to 6.61mn equities, 67% in value to QR35.81mn and 25% in deals to 825.
The telecom sector’s volume plummeted 53% to 6.28mn stocks, value by 38% to QR20.93mn and transactions by 18% to 724.
The insurance sector’s trade volume tanked 44% to 1.78mn shares, value by 43% to QR4.71mn and deals by 12% to 184.
The consumer goods and services sector saw a 44% contraction in trade volume to 27.32mn equities, 50% in value to QR72.64mn and 33% in transactions to 1,600.
The industrials sector’s trade volume was down 6% to 50.68mn stocks, while value rose 1% to QR156.49mn and deals by 14% to 3,302.
However, the market witnessed a 14% expansion in the real estate sector’s trade volume to 24.99mn shares and 46% in value to QR55.13mn but on 7% shrinkage in transactions to 1,045.
The banks and financial services sector’s trade volume jumped 10% to 40.97mn equities and value by 37% to QR276.8mn; while deals dipped 21% to 4,802.
In the venture market, volumes declined 26.72% to 93,752 stocks, whereas value grew 12.54% to QR0.68mn and transactions by 64% to 41.