The Qatar Stock Exchange on Thursday surpassed the psychological mark of 14,000 points, mainly on the back of strong buying in the banking and financial services sector.
The domestic funds were seen bullish as the 20-stock Qatar Index gained more than 213 points or 1.54% to 14,089.47, although it touched an intraday high of 14,150 points, tracking the strong world oil prices.
More than 55% of the traded constituents saw their shares appreciate in value in the market, whose year-to-date gains improved to 21.19%.
The weakened net selling pressure of local retail investors had considerable influence in the bourse, whose capitalisation saw a 1.68% jump to QR789.65bn, mainly on the back of small and midcap segments.
The Islamic index was seen gaining slower than the other indices in the market, where the industrials and consumer goods sectors together accounted for about 59% of the trading volume.
The foreign institutions continued to be net buyers but with lesser intensity in the market, which saw a total of 133,175 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.63mn changed hands across 33 deals.
Both Arab and the Gulf retail investors were increasingly net profit takers in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the decline in the market, which saw no trading of treasury bills.
The Total Return Index gained 1.54% to 28,747.09 points, the All Share Index by 1.71% to 4,505.48 points and the Al Rayan Islamic Index (Price) by 0.83% to 2,997.55 points.
The banks and financial services sector index zoomed 2.58%, industrials (1.31%), insurance (1.09%) and real estate (0.22%); while transport declined 1.24%, consumer goods and services (0.14%) and telecom (0.02%).
Major gainers in the main market included Dlala, QIIB, Qatar General Insurance and Reinsurance, Commercial Bank, Doha Bank, Masraf Al Rayan, Mannai Corporation, Baladna, Industries Qatar, Aamal Company, Investment Holding Group and Qamco.
Nevertheless, Al Khaleej Takaful, Nakilat, Qatar Industrial Manufacturing, Woqod, Widam Food, Inma Holding and Gulf International Services were among the losers in the main market.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
The domestic funds turned net buyers to the tune of QR29.8mn compared with net sellers of QR173.05mn on April 6.
The Arab institutions were net buyers to the extent of QR0.14mn against no major net exposure the previous day.
Qatari individuals’ net profit booking shrank drastically to QR19.25mn compared to QR135.71mn on Wednesday.
However, the Arab individuals’ net selling increased considerably to QR22.71mn against QR11.32mn on April 6.
The Gulf funds turned net sellers to the tune of QR11.48mn compared with net buyers of QR56.53mn the previous day.
The foreign individuals’ net profit booking strengthened perceptibly to QR7.81mn against QR6.6mn on Wednesday.
The Gulf individuals’ net selling shot up markedly to QR6.17mn compared to QR1.19mn on April 6.
The foreign institutions’ net buying weakened substantially to QR37.46mn against QR271.34mn the previous day.
Total trade volume in the main market fell 26% to 365.13mn shares, value by 26% to QR1.17bn and transactions by 27% to 24,947.
The telecom sector’s trade volume plummeted 65% to 2.87mn equities, value by 75% to QR7.54mn and deals by 63% to 388.
The transport sector reported a 51% plunge in trade volume to 6.06mn stocks, value by 40% to QR31.64mn and transactions by 57% to 554.
The consumer goods and services sector’s trade volume tanked 37% to 108.85mn shares, value by 40% to QR187.57mn and deals by 37% to 2,467.
There was a 23% shrinkage in the industrials sector’s trade volume to 106.42mn equities, 23% in value to QR315.13mn and 11% in transactions to 6,394.
The insurance sector’s trade volume shrank 17% to 8.01mn stocks, value by 23% to QR21.42mn and deals by 54% to 435.
The banks and financial services sector saw a 15% contraction in trade volume to 92.5mn shares, 19% in value to QR555.7mn and 26% in transactions to 13,369.
The real estate sector’s trade volume was down 9% to 40.42mn equities, value by 27% to QR50.95mn and deals by 23% to 1,340.
The venture market registered 55% dip in trade volumes to 0.09mn stocks, 50.81% in value to QR0.61mn and 63.53% in transactions to 31.
The domestic funds were seen bullish as the 20-stock Qatar Index gained more than 213 points or 1.54% to 14,089.47, although it touched an intraday high of 14,150 points, tracking the strong world oil prices.
More than 55% of the traded constituents saw their shares appreciate in value in the market, whose year-to-date gains improved to 21.19%.
The weakened net selling pressure of local retail investors had considerable influence in the bourse, whose capitalisation saw a 1.68% jump to QR789.65bn, mainly on the back of small and midcap segments.
The Islamic index was seen gaining slower than the other indices in the market, where the industrials and consumer goods sectors together accounted for about 59% of the trading volume.
The foreign institutions continued to be net buyers but with lesser intensity in the market, which saw a total of 133,175 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.63mn changed hands across 33 deals.
Both Arab and the Gulf retail investors were increasingly net profit takers in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the decline in the market, which saw no trading of treasury bills.
The Total Return Index gained 1.54% to 28,747.09 points, the All Share Index by 1.71% to 4,505.48 points and the Al Rayan Islamic Index (Price) by 0.83% to 2,997.55 points.
The banks and financial services sector index zoomed 2.58%, industrials (1.31%), insurance (1.09%) and real estate (0.22%); while transport declined 1.24%, consumer goods and services (0.14%) and telecom (0.02%).
Major gainers in the main market included Dlala, QIIB, Qatar General Insurance and Reinsurance, Commercial Bank, Doha Bank, Masraf Al Rayan, Mannai Corporation, Baladna, Industries Qatar, Aamal Company, Investment Holding Group and Qamco.
Nevertheless, Al Khaleej Takaful, Nakilat, Qatar Industrial Manufacturing, Woqod, Widam Food, Inma Holding and Gulf International Services were among the losers in the main market.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
The domestic funds turned net buyers to the tune of QR29.8mn compared with net sellers of QR173.05mn on April 6.
The Arab institutions were net buyers to the extent of QR0.14mn against no major net exposure the previous day.
Qatari individuals’ net profit booking shrank drastically to QR19.25mn compared to QR135.71mn on Wednesday.
However, the Arab individuals’ net selling increased considerably to QR22.71mn against QR11.32mn on April 6.
The Gulf funds turned net sellers to the tune of QR11.48mn compared with net buyers of QR56.53mn the previous day.
The foreign individuals’ net profit booking strengthened perceptibly to QR7.81mn against QR6.6mn on Wednesday.
The Gulf individuals’ net selling shot up markedly to QR6.17mn compared to QR1.19mn on April 6.
The foreign institutions’ net buying weakened substantially to QR37.46mn against QR271.34mn the previous day.
Total trade volume in the main market fell 26% to 365.13mn shares, value by 26% to QR1.17bn and transactions by 27% to 24,947.
The telecom sector’s trade volume plummeted 65% to 2.87mn equities, value by 75% to QR7.54mn and deals by 63% to 388.
The transport sector reported a 51% plunge in trade volume to 6.06mn stocks, value by 40% to QR31.64mn and transactions by 57% to 554.
The consumer goods and services sector’s trade volume tanked 37% to 108.85mn shares, value by 40% to QR187.57mn and deals by 37% to 2,467.
There was a 23% shrinkage in the industrials sector’s trade volume to 106.42mn equities, 23% in value to QR315.13mn and 11% in transactions to 6,394.
The insurance sector’s trade volume shrank 17% to 8.01mn stocks, value by 23% to QR21.42mn and deals by 54% to 435.
The banks and financial services sector saw a 15% contraction in trade volume to 92.5mn shares, 19% in value to QR555.7mn and 26% in transactions to 13,369.
The real estate sector’s trade volume was down 9% to 40.42mn equities, value by 27% to QR50.95mn and deals by 23% to 1,340.
The venture market registered 55% dip in trade volumes to 0.09mn stocks, 50.81% in value to QR0.61mn and 63.53% in transactions to 31.