The Qatar Stock Exchange on Wednesday gained 42 points on the back of strong buying support from the Gulf institutions.
A higher than average demand for the transport and banking equities led the 20-stock Qatar Index settle 0.32% higher at 13,279.71 points, recovering from an intraday low of 13,120 points.
The domestic institutions’ weakened net selling also had its influence in the market, whose year-to-date gains were at 14.23%.
More than 52% of the traded constituents extended gains in the market, whose capitalisation saw more than QR1bn or 0.19% increase to QR751.26bn, mainly on the back of microcap segments.
The Gulf individuals were increasingly into net buying in the bourse, where the industrials and banking sectors together accounted for more than 68% of the trading volume.
The foreign individuals’ weakened net selling pressure had role in the bourse, which saw a total of 60,640 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR755,254 changed hands across 87 deals.
The local retail investors were nevertheless seen increasingly into net profit booking in the market, which saw no trading of sovereign bonds.
Total trade turnover declined amidst lower volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index rose 0.48% to 27,046.78points and All Share Index by 0.35% to 4,252.64 points, while Al Rayan Islamic Index (Price) was down 0.04% to 2,859.6 points.
The transport sector index gained 0.74%, banks and financial services (0.48%), real estate (0.32%) and industrials (0.28%); while consumer goods and services declined 0.44% and telecom (0.18%). The insurance index was rather flat.
Major gainers in the main market included Investment Holding Group, Mesaieed Petrochemical Holding, Qatar Industrial Manufacturing, Qatar First Bank, Mannai Corporation, Doha Bank, Baladna, Qatar Electricity and Water, Mazaya Qatar, Vodafone Qatar and Gulf Warehousing. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, QIIB, Nakilat, Salam International Investment, Industries Qatar, Commercial Bank and Barwa were among the losers in the main market. In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The Gulf institutions’ net buying increased noticeably to QR54mn compared to QR26.4mn on March 15.
The Gulf individuals’ net buying strengthened markedly to QR1.43mn against QR0.09mn the previous day.
The domestic funds’ net selling decreased perceptibly to QR116.71mn compared to QR200.77mn on Tuesday.
The foreign individuals’ net selling weakened considerably to QR1.15mn against QR18.03mn on March 15.
However, Qatari individuals’ net profit booking rose drastically to QR98.8mn compared to QR21.43mn the previous day.
The foreign institutions’ net buying declined significantly to QR152.3mn against QR195.28mn on Tuesday.
The Arab individuals’ net buying shrank substantially to QR8.84mn compared to QR18.19mn on March 15.
The Arab institutions’ net buying eased marginally to QR0.1mn against QR0.27mn the previous day.
Total trade volume in the main market rose 26% to 277.62mn shares, while value fell 4% to QR873.02mn despite 15% higher transactions at 20,870.
The consumer goods and services sector’s trade volume soared 60% to 44.98mn equities, value by 40% to QR63.86mn and deals by 12% to 1,250.
There was 50% surge in the insurance sector’s trade volume to 1.92mn stocks, 23% in value to QR5.54mn and 12% in transactions to 161.
The banks and financial services sector’s trade volume shot up 50% to 81.88mn shares, value by 2% to QR409.96mn and deals by 26% to 9,940.
The market witnessed 32% expansion in the real estate sector’s trade volume to 33.47mn equities, 36% in value to QR57.52mn and 72% in transactions to 2,114.
The transport sector’s trade volume was up 10% to 3.8mn stocks, while value fell 5% to QR16.48mn and deals by 14% to 551.
The industrials sector reported 4% jump in trade volume to 107.36mn shares but on 19% shrinkage in value to QR303.14mn amidst 6% higher transactions at 6,072.
However, the telecom sector’s trade volume tanked 12% to 4.19mn equities, value by 35% to QR16.52mn and deals by 42% to 782.
The venture market reported 57.14% contraction in trade volumes to 0.03mn stocks, 58.46% in value to QR0.27mn and 21.74% in transactions to 18.
A higher than average demand for the transport and banking equities led the 20-stock Qatar Index settle 0.32% higher at 13,279.71 points, recovering from an intraday low of 13,120 points.
The domestic institutions’ weakened net selling also had its influence in the market, whose year-to-date gains were at 14.23%.
More than 52% of the traded constituents extended gains in the market, whose capitalisation saw more than QR1bn or 0.19% increase to QR751.26bn, mainly on the back of microcap segments.
The Gulf individuals were increasingly into net buying in the bourse, where the industrials and banking sectors together accounted for more than 68% of the trading volume.
The foreign individuals’ weakened net selling pressure had role in the bourse, which saw a total of 60,640 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR755,254 changed hands across 87 deals.
The local retail investors were nevertheless seen increasingly into net profit booking in the market, which saw no trading of sovereign bonds.
Total trade turnover declined amidst lower volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index rose 0.48% to 27,046.78points and All Share Index by 0.35% to 4,252.64 points, while Al Rayan Islamic Index (Price) was down 0.04% to 2,859.6 points.
The transport sector index gained 0.74%, banks and financial services (0.48%), real estate (0.32%) and industrials (0.28%); while consumer goods and services declined 0.44% and telecom (0.18%). The insurance index was rather flat.
Major gainers in the main market included Investment Holding Group, Mesaieed Petrochemical Holding, Qatar Industrial Manufacturing, Qatar First Bank, Mannai Corporation, Doha Bank, Baladna, Qatar Electricity and Water, Mazaya Qatar, Vodafone Qatar and Gulf Warehousing. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, QIIB, Nakilat, Salam International Investment, Industries Qatar, Commercial Bank and Barwa were among the losers in the main market. In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The Gulf institutions’ net buying increased noticeably to QR54mn compared to QR26.4mn on March 15.
The Gulf individuals’ net buying strengthened markedly to QR1.43mn against QR0.09mn the previous day.
The domestic funds’ net selling decreased perceptibly to QR116.71mn compared to QR200.77mn on Tuesday.
The foreign individuals’ net selling weakened considerably to QR1.15mn against QR18.03mn on March 15.
However, Qatari individuals’ net profit booking rose drastically to QR98.8mn compared to QR21.43mn the previous day.
The foreign institutions’ net buying declined significantly to QR152.3mn against QR195.28mn on Tuesday.
The Arab individuals’ net buying shrank substantially to QR8.84mn compared to QR18.19mn on March 15.
The Arab institutions’ net buying eased marginally to QR0.1mn against QR0.27mn the previous day.
Total trade volume in the main market rose 26% to 277.62mn shares, while value fell 4% to QR873.02mn despite 15% higher transactions at 20,870.
The consumer goods and services sector’s trade volume soared 60% to 44.98mn equities, value by 40% to QR63.86mn and deals by 12% to 1,250.
There was 50% surge in the insurance sector’s trade volume to 1.92mn stocks, 23% in value to QR5.54mn and 12% in transactions to 161.
The banks and financial services sector’s trade volume shot up 50% to 81.88mn shares, value by 2% to QR409.96mn and deals by 26% to 9,940.
The market witnessed 32% expansion in the real estate sector’s trade volume to 33.47mn equities, 36% in value to QR57.52mn and 72% in transactions to 2,114.
The transport sector’s trade volume was up 10% to 3.8mn stocks, while value fell 5% to QR16.48mn and deals by 14% to 551.
The industrials sector reported 4% jump in trade volume to 107.36mn shares but on 19% shrinkage in value to QR303.14mn amidst 6% higher transactions at 6,072.
However, the telecom sector’s trade volume tanked 12% to 4.19mn equities, value by 35% to QR16.52mn and deals by 42% to 782.
The venture market reported 57.14% contraction in trade volumes to 0.03mn stocks, 58.46% in value to QR0.27mn and 21.74% in transactions to 18.
