The Qatar Stock Exchange on Thursday largely treaded a flat course despite strong buying interests in the telecom and consumer goods counters.
The increased net buying interests of foreign and Gulf institutions notwithstanding, the 20-stock Qatar Index was up 0.03% to 13,633 points, although it touched an intraday high of 13,647 points.
The Islamic index was seen declining vis-à-vis marginal gains in the key index in the market, whose year-to-date gains were at 17.26%.
The local retail investors’ weakened net selling had its influence in the bourse, whose capitalisation saw about QR2bn or 0.24% decrease to QR768.64bn, mainly on the back of microcap segments.
The Arab individuals were seen net sellers in the market, where the industrials and consumer goods sectors together accounted for more than 74% of the trading volume.
The Gulf individuals turned net profit takers in the bourse, which saw a total of 116,999 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR881,064 changed hands across 36 deals.
The foreign retail investors were seen net sellers, albeit at lower levels, 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 was up 0.09% to 27,644.08 points, while the All Share Index fell 0.05% to 4,324.53 points and the Al Rayan Islamic Index (Price) by 0.18% to 2,974.23 points.
The telecom sector index gained 0.74%, consumer goods and services (0.6%) and insurance (0.04%); while realty declined 0.57%, banks and financial services (0.15%) and industrials (0.04%). The transport index was flat.
More than 54% of the traded constituents in the main market extended gains and included Investment Holding Group, Salam International Investment, Inma Holding, Dlala, Aamal Company, Commercial Bank, Widam Food, Qatar Electricity and Water, Doha Insurance, Vodafone Qatar and Ooredoo. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, United Development Company, QIIB, Gulf International Services, Mesaieed Petrochemical Holding, Qamco, QNB, Qatar First Bank, Mannai Corporation and Qatari German Medical Devices were among the losers in the main market. In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased markedly to QR144.34mn compared to QR117.06mn on March 9.
The Gulf institutions’ net buying grew considerably to QR109.93mn against QR68.42mn the previous day.
Qatari individuals’ net selling declined considerably to QR96.99mn compared to QR149.51mn on Wednesday.
However, the domestic funds’ net selling shot up significantly to QR146.72mn against QR65.2mn on March 9.
The Arab individuals turned net sellers to the tune of QR6.68mn compared with net buyers of QR22.66mn the previous day.
The Gulf individuals were net profit takers to the extent of QR3.57mn against net buyers of QR0.94mn on Wednesday.
The foreign individuals turned net sellers to the tune of QR0.3mn compared with net buyers of QR5.02mn on March 9.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume in the main market fell 14% to 443.08mn shares, value by 18% to QR1.16bn and transactions by 16% to 18,093.
The transport sector reported a 65% plunge in trade volume to 2.2mn equities, 65% in value to QR9.21mn and 61% in deals to 247.
The insurance sector’s trade volume plummeted 60% to 7.66mn stocks and value by 59% to QR20.2mn, while transactions gained 13% to 322.
There was a 48% shrinkage in the real estate sector’s trade volume to 26.26mn shares, 51% in value to QR45.26mn and 47% in deals to 1,123.
The industrials sector’s trade volume tanked 35% to 114.41mn equities, value by 30% to QR389.2mn and transactions by 12% to 6,625.
The market witnessed a 28% contraction in the banks and financial services sector’s trade volume to 62.56mn stocks, 15% in value to QR399.87mn and 31% in deals to 5,149.
However, the telecom sector’s trade volume almost tripled to 16.47mn shares and value almost doubled to QR34.51mn on more than doubled transactions to 914.
The consumer goods and services sector saw a 26% surge in trade volume to 213.32mn equities, 25% in value to QR262.94mn and 23% in deals to 3,713.
In the venture market, trade volumes shrank 36.84% to 0.12mn stocks, value by 36.55% to QR1.25mn and transactions by 33.33% to 40.
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