Strong buying, especially in the industrials, real estate and consumer goods counters, yesterday lifted the Qatar Stock Exchange more than 106 points and its key index inched towards 13,700 levels.
The Arab individuals were seen bullish as the 20-stock Qatar Index gained 0.78% to 13,669.89 points, recovering from an intraday low of 13,554 points.
About 69% of the traded constituents saw their shares appreciate in value in the market, whose year-to-date gains were at 17.58%.
The domestic institution’ weakened net selling had its considerable influence in the bourse, whose capitalisation saw about QR3bn or 0.39% increase to QR764.83bn, mainly on the back of small cap segments.
The Islamic index was seen gaining faster than the other indices in the market, where the industrials and consumer goods sectors together accounted for about 67% of the trading volume.
The Gulf individuals were increasingly net buyers, albeit at lower levels, in the market, which saw a total of 31,500 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR372,061 changed hands across 11 deals.
The foreign individuals’ net selling weakened in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.78% to 27,891.02 points, the All Share Index by 0.49% to 4,368.71 points and the Al Rayan Islamic Index (Price) by 1.05% to 2,944.36 points.
The industrials sector index shot up 1.16%, real estate (1.07%), consumer goods and services (0.87%), telecom (0.37%) and banks and financial services (0.35%); while insurance and transport declined 1/76% and 0.42% respectively.
Major gainers in the main market included Baladna, Qatar Islamic Bank, Industries Qatar, Gulf International Services, Aamal Company, Ahlibank Qatar, Masraf Al Rayan, Inma Holding, Qamco, Barwa, Mazaya Qatar, Vodafone Qatar and Gulf Warehousing.
Nevertheless, Qatar Insurance, Mannai Corporation, Al Khaleej Takaful, Nakilat and QNB were among the losers in the main market. In venture market, Mekdam Holding saw its shares depreciate in value.
The Arab individuals turned net buyers to the tune of QR15.89mn compared with net sellers of QR5.52mn on April 4.
The Gulf individuals’ net buying increased marginally to QR0.33mn against QR0.29mn the previous day.
The domestic funds’ net selling decreased considerably to QR92.95mn compared to QR172.65mn on Monday.
The foreign individuals’ net profit booking eased perceptibly to QR4.05mn against QR5.23mn on April 4.
However, Qatari individuals’ net selling rose substantially to QR41.17mn compared to QR1.7mn the previous day.
The foreign institutions’ net buying declined considerably to QR109.81mn against QR169.07mn on Monday.
The Gulf funds’ net buying weakened noticeably to QR10.81mn compared to QR11.92mn on April 4.
The Arab institutions’ net buying shrank noticeably to QR1.31mn against QR3.82mn the previous day.
Total trade volume in the main market rose 22% to 327.35mn shares and value by 6% to QR771.96mn, while transactions declined 16% to 14,832.
The telecom sector’s trade volume soared 64% to 7.33mn equities, value by 18% to QR16.76mn and deals by 10% to 644.
The consumer goods and services sector saw 63% surge in trade volume to 159.46mn stocks, 50% in value to QR245.94mn and 21% in transactions to 2,928.
The transport sector’s trade volume zoomed 37% to 6.63mn shares and value by 18% to QR29.84mn; whereas deals shrank 38% to 447.
The industrials sector reported 28% expansion in trade volume to 58.42mn equities and value by 12% to QR164.01mn but on 18% shrinkage in transactions to 3,098.
However, the insurance sector’s trade volume plummeted 65% to 2.14mn stocks, value by 62% to QR6.77mn and deals by 50% to 255.
The market witnessed 20% plunge in the real estate sector’s trade volume to 48.12mn shares, 13% in value to QR69.79mn and 2% in transactions to 1,624.
The banks and financial services sector’s trade volume was down 6% to 45.25mn equities, value by 16% to QR238.85mn and deals by 28% to 5,836.
The venture market registered 7.14% growth in trade volumes to 0.3mn stocks, 18.72% in value to QR2.41mn and 6.82% in transactions to 141.
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