The Qatar Stock Exchange on Tuesday gained more than 91 points and its key index inched toward 13,700 levels, mainly reflecting the sentiments in the global oil prices, which breached $132 a barrel.
The real estate and industrials counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.67% to 13,682.58 points, although it touched an intraday high of 13,713 points.
The Islamic index was seen gaining faster than the other indices in the market, whose year-to-date gains shot up to 17.69%.
The foreign institutions’ increased net buying had its strong influence in the bourse, whose capitalisation saw about QR1bn or 0.12% increase to QR773.52bn, mainly on the back of microcap segments.
The Gulf funds’ continued to net buyers but with lesser intensity in the market, where the industrials sector alone accounted for about 65% of the trading volume.
The Arab institutions also continued to be net buyers but with lesser vigour in the bourse, which saw a total of 44,970 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR514,704 changed hands across 15 deals.
The domestic funds were increasingly net profit takers 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 rose 0.83% to 27,697.22 points, All Share Index by 0.51% to 4,337.2 points and Al Rayan Islamic Index (Price) by 1.01% to 2,996.64 points.
The realty sector index zoomed 2.51%, industrials (0.77%), insurance (0.62%), banks and financial services (0.53%) and telecom (0.1%); while transport declined 1.49%. The consumer goods and services sector index rather tread a flat path.
Major gainers in the main market included Qamco, Barwa, Gulf International Services, Qatar Islamic Bank, Commercial Bank, Inma Holding, Mannai Corporation and Qatar Electricity and Water. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Investment Holding Group, Qatar National Cement, QIIB, Ezdan, Qatari German Medical Devices, Medicare Group, Baladna, Qatar Industrial Manufacturing, Mesaieed Petrochemical Holding, Nakilat and Gulf Warehousing were among the losers in the main market.
The foreign institutions’ net buying increased drastically to QR303.2mn compared to QR233.18mn on March 7.
Qatari individuals’ net selling declined marginally to QR205.67mn against QR209.15mn the previous day.
However, the domestic funds’ net selling grew significantly to QR149.89mn compared to QR116.1mn on Monday.
The Arab individuals’ net profit booking shot up noticeably to QR19.1mn against QR3.71mn on March 7.
The foreign individuals’ net selling grew perceptibly to QR8.18mn compared to QR2.63mn the previous day.
The Gulf individuals’ net selling strengthened considerably to QR6.63mn against QR1.4mn on Monday.
The Gulf institutions’ net buying reduced markedly to QR83.94mn compared to QR91.62mn on March 7.
The Arab institutions’ net buying weakened notably to QR2.35mn against QR8.2mn the previous day.
Total trade volume in the main market rose 4% to 411.7mn shares, while value fell 6% to QR1.52bn and transactions by 2% to 25,163.
The real estate sector’s trade volume soared 27% to 39.09mn equities, value by 58% to QR73.79mn and deals by 47% to 1,750.
There was 23% surge in the industrials sector’s trade volume to 265.83mn stocks, 4% in value to QR872.16mn and 2% in transactions to 10,678.
However, the telecom sector’s trade volume plummeted 35% to 5.96mn shares, value by 41% to QR17.07mn and deals by 52% to 613.
The transport sector reported 34% plunge in trade volume to 7.13mn equities, 42% in value to QR29.45mn and 52% in transactions to 796.
The consumer goods and services sector’s trade volume tanked 29% to 42.4mn stocks, value by 36% to QR71.52mn and deals by 17% to 1,792.
The banks and financial services sector witnessed 25% contraction in trade volume to 45.74mn shares and 16% in value to QR441.71mn but on 7% jump in transactions to 9,331.
The insurance sector’s trade volume was down 7% to 5.55mn equities, value by 7% to QR16.23mn and deals by 16% to 213.
The venture market saw 76.15% shrinkage in trade volumes to 0.31mn stocks, 73.65% in value to QR8.55mn and 58.43% in transactions to 106.
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