The Qatar Stock Exchange on Monday bounced back with a modest 56 points gain, reflecting the strengthened global oil prices due to the protracting Ukrainian crisis.
Attractive dividend yield in certain sectors helped lift the sentiments, which led the 20-stock Qatar Index settle 0.44% higher at 12,693.09 points, recovering from an intraday low of 12,512 points.
The foreign institutions were increasingly into net buying in the market, whose year-to-date gains were at 9.18%.
The foreign individuals were seen bullish in the bourse, whose capitalisation saw QR34mn or 0.05% increase to QR721.76bn, mainly on the back of microcap segments.
About 61% of the traded constituents extended gains in the market, where the industrials, banking and consumer goods sectors together accounted for about 77% of the trading volume.
The banking, industrials and transport counters witnessed higher than average demand in the bourse, which saw a total of 65,856 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR429,780 changed hands across 14 deals.
The Arab and Gulf retail investors’ net profit booking eased marginally in the market, which saw no trading of sovereign bonds.
Total trade turnover grew amidst lower volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index shot up 0.83% to 25,223.44 points, the All Share Index by 0.81% to 3,994.32 points and the Al Rayan Islamic Index (Price) by 0.56% to 2,817.27 points.
The banks and financial services sector index expanded 1.03%, industrials (0.89%), transport (0.88%), telecom (0.46%) and consumer goods and services (0.05%); while insurance and real estate declined 0.34% and 0.05% respectively.
Major gainers included Qatar National Cement, Industries Qatar, Commercial Bank, Al Meera, Qamco, Masraf Al Rayan, Dlala, Widam Food, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Qatar Islamic Insurance and Milaha. In the venture market, Mekdam Holding saw its shares gain in value.
Nevertheless, Mannai Corporation, Qatar Industrial Manufacturing, QNB, Gulf Warehousing, Qatar Insurance and Mazaya Qatar were among the losers in the main market.
In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.
Foreign institutions’ net buying increased significantly to QR211.78mn compared to QR6.52mn on February 13.
Foreign individuals turned net sellers to the tune of QR6.5mn against net sellers of QR6.48mn on Sunday.
Arab individuals’ net selling weakened substantially to QR3.42mn compared to QR30.35mn the previous day.
Gulf individuals’ net profit booking eased perceptibly to QR0.3mn against QR1.55mn on February 13.
However, the domestic funds were net sellers to the extent of QR134.14mn compared with net buyers of QR28.778mn on Sunday.
Qatari individuals’ net profit booking strengthened drastically to QR80.18mn against QR4.89mn the previous day.
Arab institutions were net sellers to the extent of QR0.22mn compared with no major net exposure on February 13.
Gulf institutions turned net profit takers to the tune of QR0.02mn against net buyers of QR7.99mn on Sunday.
Total trade volume in the main market fell 23% to 141.18mn shares, while value rose 48% to QR663.08mn and transactions by 68% to 15,935.
The insurance sector’s trade volume more than doubled to 3.17mn equities and value also more than doubled to QR11.37mn on almost-doubled deals to 422.
However, the consumer goods and services sector reported a 43% plunge in trade volume to 22.89mn stocks but on 4% increase in value to QR66.9mn and 4% in transactions to 1,134.
The real estate sector’s trade volume plummeted 33% to 19.37mn shares, value by 30% to QR25.16mn and deals by 12% to 660.
There was a 29% shrinkage in the telecom sector’s volume to 6.69mn equities but on 22% expansion in value to QR34.01mn and 77% in transactions to 1,630.
The transport sector’s trade volume tanked 16% to 3.72mn stocks and value by 2% to QR19.61mn, whereas deals zoomed 41% to 869.
The market witnessed a 15% contraction in the industrials sector’s trade volume to 58.45mn shares but on 9% jump in value to QR214.19mn and 23% in transactions to 4,096.
The banks and financial services sector’s trade volume was down 6% to 26.89mn equities amidst more than tripled value to QR291.85mn and more than doubled deals to 7,124.
In the venture market, volumes were seen dipping 50% to 0.34mn stocks, value by 47.5% to QR3.04mn and transactions by 20.09% to 171.
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