The Qatar Stock Exchange Tuesday witnessed a huge 324-point gain in its key index and QR21bn in capitalisation, reflecting the sentiments in the regional market owing to higher energy prices. The banking counter witnessed higher than average demand as the 20-stock Qatar Index soared 2.5% to 13,272.4 points, although it touched an intraday high of 13,406 points.
Foreign funds continued to be net buyers but with lesser intensity in the market, whose year-to-date gains shot up to 14.16%.
More than 65% of the traded constituents extended gains to investors in the bourse, whose capitalisation saw 2.83% surge to QR755.19bn, mainly on the back of large and midcap segments.
The Arab individuals were seen bullish in the market, where the industrials and consumer goods sectors together accounted for about 64% of the trading volume.
The local retail investors’ weakened net selling had its influence in the bourse, which saw a total of 401,712 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR4.4mn changed hands across 59 deals.
There was weakened net selling pressure from foreign and Gulf individuals 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 rose 2.69% to 26,584.02 points, the All Share Index by 2.92% to 4,211.95 points and the Al Rayan Islamic Index (Price) by 1.37% to 2,889.3 points.
The banks and financial services sector index soared 4.71%, followed by telecom (1.71%), industrials (1.45%) and transport (0.7%); while consumer goods and services declined 0.5%, real estate (0.09%) and insurance (0.05%).
Major gainers in the main market included Investment Holding Group, QNB, Qatar Cinema and Film Distribution, Qatar Islamic Bank, QIIB, Commercial Bank, Masraf Al Rayan, Qatar Oman Investment, Industries Qatar, Qamco, Qatar Electricity and Water, Ezdan, Ooredoo and Milaha. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Qatar National Cement, Nakilat, Vodafone Qatar, Doha Bank, Aamal Company, Mannai Corporation and Woqod were among the losers in the main market.
The Arab individuals turned net buyers to the tune of QR17.37mn compared with net sellers of QR29.18mn on February 28.
Qatari individuals’ net profit booking fell markedly to QR136.05mn against QR184.17mn the previous day.
The Gulf individuals’ net selling weakened perceptibly to QR6.73mn compared to QR9.71mn on Monday.
The foreign individuals’ net selling declined noticeably to QR0.58mn against QR4.3mn on February 28.
However, the domestic funds’ net selling rose notably to QR190.71mn compared to QR184.54mn the previous day.
The Arab institutions were net sellers to the extent of QR0.93mn against net buyers of QR0.8mn on Monday.
The Gulf institutions turned net sellers to the tune of QR0.8mn compared with net buyers of QR55.56mn on February 28.
The foreign institutions’ net buying weakened substantially to QR318.42mn against QR355.53mn the previous day.
Total trade volume in the main market fell 12% to 441.51mn shares and value by 10% to QR1.55bn, while transactions gained 2% to 25,460.
The insurance sector’s trade volume plummeted 43% to 4.93mn equities and value by 34% to QR14.86mn, whereas deals shot up 33% to 594.
The consumer goods and services sector reported a 19% plunge in trade volume to 135.9mn stocks, 26% in value to QR179.38mn and 18% in transactions to 2,660.
The real estate sector’s trade volume tanked 14% to 36.17mn shares, value by 20% to QR52.74mn and deals by 1% to 1,199.
There was an 11% shrinkage in the industrials sector’s trade volume to 145.88mn equities, 10% in value to QR512.44mn and 21% in transactions to 7,022.
The banks and financial services sector’s trade volume was down 3% to 87.69mn stocks and value by 7% to QR658.84mn, whereas deals grew 20% by to 11,123.
The market witnessed a 2% contraction in the transport sector’s trade volume to 13.01mn shares and 2% in value to QR51.51mn but on 42% surge in transactions to 1,338.
However, the telecom sector saw a 15% expansion in trade volume to 17.94mn equities, 58% in value to QR82.2mn and 54% in deals to 1,524.
The venture market saw 44.3% decrease in volumes to 0.44mn stocks, 36.35% in value to QR4.29mn and 7.94% in transactions to 197.
Foreign funds continued to be net buyers but with lesser intensity in the market, whose year-to-date gains shot up to 14.16%.
More than 65% of the traded constituents extended gains to investors in the bourse, whose capitalisation saw 2.83% surge to QR755.19bn, mainly on the back of large and midcap segments.
The Arab individuals were seen bullish in the market, where the industrials and consumer goods sectors together accounted for about 64% of the trading volume.
The local retail investors’ weakened net selling had its influence in the bourse, which saw a total of 401,712 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR4.4mn changed hands across 59 deals.
There was weakened net selling pressure from foreign and Gulf individuals 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 rose 2.69% to 26,584.02 points, the All Share Index by 2.92% to 4,211.95 points and the Al Rayan Islamic Index (Price) by 1.37% to 2,889.3 points.
The banks and financial services sector index soared 4.71%, followed by telecom (1.71%), industrials (1.45%) and transport (0.7%); while consumer goods and services declined 0.5%, real estate (0.09%) and insurance (0.05%).
Major gainers in the main market included Investment Holding Group, QNB, Qatar Cinema and Film Distribution, Qatar Islamic Bank, QIIB, Commercial Bank, Masraf Al Rayan, Qatar Oman Investment, Industries Qatar, Qamco, Qatar Electricity and Water, Ezdan, Ooredoo and Milaha. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Qatar National Cement, Nakilat, Vodafone Qatar, Doha Bank, Aamal Company, Mannai Corporation and Woqod were among the losers in the main market.
The Arab individuals turned net buyers to the tune of QR17.37mn compared with net sellers of QR29.18mn on February 28.
Qatari individuals’ net profit booking fell markedly to QR136.05mn against QR184.17mn the previous day.
The Gulf individuals’ net selling weakened perceptibly to QR6.73mn compared to QR9.71mn on Monday.
The foreign individuals’ net selling declined noticeably to QR0.58mn against QR4.3mn on February 28.
However, the domestic funds’ net selling rose notably to QR190.71mn compared to QR184.54mn the previous day.
The Arab institutions were net sellers to the extent of QR0.93mn against net buyers of QR0.8mn on Monday.
The Gulf institutions turned net sellers to the tune of QR0.8mn compared with net buyers of QR55.56mn on February 28.
The foreign institutions’ net buying weakened substantially to QR318.42mn against QR355.53mn the previous day.
Total trade volume in the main market fell 12% to 441.51mn shares and value by 10% to QR1.55bn, while transactions gained 2% to 25,460.
The insurance sector’s trade volume plummeted 43% to 4.93mn equities and value by 34% to QR14.86mn, whereas deals shot up 33% to 594.
The consumer goods and services sector reported a 19% plunge in trade volume to 135.9mn stocks, 26% in value to QR179.38mn and 18% in transactions to 2,660.
The real estate sector’s trade volume tanked 14% to 36.17mn shares, value by 20% to QR52.74mn and deals by 1% to 1,199.
There was an 11% shrinkage in the industrials sector’s trade volume to 145.88mn equities, 10% in value to QR512.44mn and 21% in transactions to 7,022.
The banks and financial services sector’s trade volume was down 3% to 87.69mn stocks and value by 7% to QR658.84mn, whereas deals grew 20% by to 11,123.
The market witnessed a 2% contraction in the transport sector’s trade volume to 13.01mn shares and 2% in value to QR51.51mn but on 42% surge in transactions to 1,338.
However, the telecom sector saw a 15% expansion in trade volume to 17.94mn equities, 58% in value to QR82.2mn and 54% in deals to 1,524.
The venture market saw 44.3% decrease in volumes to 0.44mn stocks, 36.35% in value to QR4.29mn and 7.94% in transactions to 197.