The Qatar Stock Exchange Sunday opened the week on a stronger note and its key index inched near 12,700 points, triggered by strong buying, especially in the industrials, consumer goods and insurance sectors.
The Gulf and Arab institutions were seen net buyers as the 20-stock Qatar Index settled 24 points or 0.19% higher at 12,678.31 points, although it touched an intraday high of 12,688 points.
About 56% of the traded constituents saw appreciation in their value in the market, whose year-to-date gains stood at 9.05%.
The local retail investors’ weakened net selling had its influence in the bourse, whose capitalisation saw more than QR1bn or 0.2% increase to QR726.31bn, mainly on the back of microcap segments.
The domestic institutions’ net profit booking pressure also eased in the market, where the industrials, consumer goods and banking sectors together accounted for more than 80% of the trading volume.
The foreign institutions continued to be net buyers but with lesser vigour in the bourse, which saw a total of 49,968 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR382,212 changed hands across 16 deals.
The foreign individuals were seen net sellers in the market, which saw no trading of sovereign bonds.
Total trade turnover declined amidst higher volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.19% to 25,097.49points, Al Rayan Islamic Index (Price) by 0.`8% to 2,801.02 points and All Share Index by 0.18% to 3,998.35 points.
The industrials sector index expanded 1.05%, consumer goods and services (0.91%) and insurance (0.59%); while real estate declined 0.66%, banks and financial services (0.19%), transport (0.11%) and telecom (0.07%).
Major movers in the main market included Dlala, Qatar National Cement, Qatari German Medical Devices, QLM, Qatari Investors Group, Alijarah Holding, Inma Holding, Salam International Investment, Woqod, Mesaieed Petrochemical Holding, Investment Holding Group, Qamco and Al Khaleej Takaful.
Nevertheless, Zad Holding, Gulf Warehousing, Widam Food, Qatar Islamic Insurance and Barwa 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 Gulf funds turned net buyers to the tune of QR9.43mn compared with net sellers of QR0.85mn on February 3.
The Arab funds were seen net buyers to the extent of QR0.2mn against no major net exposure for the previous four sessions.
Qatari individuals’ net selling declined substantially to QR24.25mn compared to QR110.71mn last Thursday.
The domestic institutions’ net selling shrank considerably to QR7mn against QR33.67mn on February 3.
The Gulf individuals’ net selling eased marginally to QR0.34mn compared to QR0.64mn the previous trading day.
However, the foreign individuals were net sellers to the tune of QR8.1mn against net buyers of QR4.72mn last Thursday.
The Arab individuals’ net profit booking grew perceptibly to QR1.76mn compared to QR1.44mn on February 3.
The foreign institutions’ net buying weakened drastically to QR31.82mn against QR142.6mn the previous trading day.
Total trade volume in the main market rose 1% to 161.82mn shares, while value fell 26% to QR485.92mn and transactions by 39% to 9,337.
The consumer goods and services sector’s trade volume soared 88% to 29.98mn equities, value by 58% to QR81.36mn and deals by 21% to 1,416.
There was 37% surge in the industrials sector’s trade volume to 70.89mn stocks and 38% in value to QR207.89mn but on 7% decline in transactions to 3,135.
The transport sector’s trade volume shot up 28% to 5.92mn shares and value by 33% to QR28.98mn but on 28% contraction in deals to 465.
The insurance sector reported 21% expansion in trade volume to 6.47mn equities and 7% in value to QR16.5mn but on 50% shrinkage in transactions to 336.
However, the telecom sector’s volume plummeted 75% to 5.52mn stocks, value by 77% to QR18.26mn and deals by 61% to 701.
The market witnessed 32% plunge in the real estate sector’s trade volume to 13.9mn shares, 41% in value to QR19.51mn and 56% in transactions to 524.
The banks and financial services sector’s trade volume tanked 26% to 29.15mn equities, value by 63% to QR113.42mn and deals by 57% to 2,760.
In the venture market, volumes shrank 66.88% to 0.53mn stocks, value by 69.07% to QR4.6mn and transactions by 62.42% to 248.
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