The Qatar Stock Exchange Monday witnessed violent gyrations for most part of the session as it finally closed marginally higher, mainly on the back of insurance, real estate and banking sectors.
Foreign institutions were seen increasingly into net buying as the 20-stock Qatar Index settled mere two points or 0.02% lower at 12,670.1 points, recovering from an intraday low of 12,637 points.
The Islamic index was seen treading almost a flat path in the market, whose year-to-date gains were at 8.98%.
The Arab funds were seen bullish in the bourse, whose capitalisation nevertheless saw about QR2bn or 0.25% decrease to QR717.23bn, mainly on the back of midcap segments.
The foreign retail investors were also seen net buyers in the market, where the industrials and consumer goods sectors together accounted for more than 76% of the trading volume.
The Gulf individuals were increasingly net buyers in the bourse, which saw a total of 32,333 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR344,071 changed hands across 10 deals.
The Gulf funds were seen bullish in the market, 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 was up 0.02% to 25,177.74 points, while All Share Index fell 0.02% to 3,977.64 points. The Al Rayan Islamic Index (Price) was rather unchanged at 2,824.77 points.
The insurance sector index gained 0.78%, realty (0.23%) and banks and financial services (0.17%); whereas transport declined 0.73%, consumer goods and services (0.37%), industrials (0.33%) and telecom (0.09%).
Major movers in the main market included Dlala, Inma Holding, Investment Holding Group, Al Khaleej Takaful, Doha Insurance, Masraf Al Rayan, Mannai Corporation, Qatari Investors Group, Gulf International Services, Qatar General Insurance and Reinsurance and QLM.
Nevertheless, Ahlibank Qatar, Salam International Investment, Milaha, Widam Food, Al Meera Consumer Goods, Baladna, Mesaieed Petrochemical Holding and Ezdan were among the losers in the main market. In the venture market, Mekdam, Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased significantly to QR39.95mn compared to QR1.96mn on February 20.
The Arab individuals’ net buying grew considerably to QR16.36mn against QR1.73mn the previous day.
The Arab institutions turned net buyers to the tune of QR7.03mn compared with no major net exposure on Sunday.
The foreign individuals were net buyers to the extent of QR6.38mn against net sellers of QR13.48mn on February 20.
The Gulf individuals’ net buying strengthened markedly to QR4.81mn compared to QR0.27mn the previous day.
The Gulf institutions’ net profit booking declined noticeably to QR10.77mn against QR16.26mn on Sunday.
However, the domestic funds turned net sellers to the tune of QR46.96mn compared with net buyers of QR24.34mn on February 20.
Qatari individuals were net sellers to the extent of QR16.86mn against net buyers of QR1.43mn the previous day.
Total trade volume in the main market rose 50% to 286.07mn shares, value by 68% to QR728.22mn and transactions by 70% to 14,955.
The transport sector’s trade volume more than doubled to 2.63mn equities and value more than doubled to QR10.87mn on almost tripled deals to 372.
The banks and financial services sector’s volume soared 86% to 36.94mn stocks and value more than doubled to QR203.5mn on more than doubled transactions to 5,557.
The real estate sector reported 65% surge in trade volume to 20.68mn shares, 67% in value to QR31.21mn and 51% in deals to 980.
The consumer goods and services sector’s trade volume zoomed 51% to 83.05mn equities, value by 62% to QR117.79mn and transactions by 75% to 1,904.
There was 51% expansion in the telecom sector’s volume to 3.02mn stocks, 48% in value to QR12.6mn and 57% in deals to 788.
The industrials sector’s trade volume shot up 42% to 135.61mn shares, value by 53% to QR339.28mn and transactions by 45% to 5,058.
However, the insurance sector saw 13% shrinkage in trade volume to 4.14mn equities, 21% in value to QR12.97mn and 11% in deals to 296.
In the venture market, volumes dipped 37.22% to 1.94mn stocks and value by 37.34% to QR19.05mn, whereas transactions were up 8.5% to 1,060.
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