The transport and real estate counters witnessed higher than average demand in the Qatar Stock Exchange, which on Sunday opened the week on a stronger note, albeit at lower levels.
The Gulf individuals were seen net buyers as the 20-stock Qatar Index settled 11 points or 0.09% higher at 12,741.49 points although it touched an intraday high of 12,823 points.
The weakened net selling pressure from the domestic funds and local retail investors also had its influence in the market, whose year-to-date gains stood at 9.6%.
The Gulf institutions’ net selling also weakened in the bourse, whose capitalisation was down QR61bmn or 0.09% to QR715.12bn, mainly on the back of microcap segments.
More than 54% of the traded constituents were in the red in the market, where the industrials and banking sectors together accounted for about 65% of the trading volume.
The foreign institutions continued to be net buyers but with lesser intensity in the bourse, which saw a total of 56,304 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.65mn changed hands across 22 deals.
The Arab individuals’ net profit booking was seen weakening 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 26,098.7 points and Al Rayan Islamic Index (Price) by 0.25% to 2,759.98 points, while All Share Index was down 0.03% to 4,080.14 points.
The transport sector index gained 1.74% and real estate 0.32%; while insurance declined 1.31%, telecom (1.04%), consumer goods and services (0.32%), industrials (0.15%) and banks and financial services (0.01%).
Major gainers in the main market included QLM, Al Khaleej Takaful, Mannai Corporation, Nakilat, Dlala, Masraf Al Rayan, Qatar Industrial Manufacturing, Doha Insurance, Qatar Islamic Insurance and Gulf Warehousing. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Qatar General Insurance and Reinsurance, Qatar Insurance, Ooredoo, Salam International Investment, Zad Holding, QIIB and Industries Qatar were among the shakers in the main market.
The Gulf individuals turned net buyers to the tune of QR1.58mn compared with net sellers of QR1.91mn on May 19.
The domestic funds’ net selling decreased significantly to QR22.74mn against QR51.13mn the previous trading day.
The Gulf institutions’ net selling weakened considerably to QR6.05mn compared to QR26.94mn last Thursday.
Qatari individuals’ net selling shrank perceptibly to QR25.96mn against QR38.8mn on May 19.
The Arab individuals’ net profit booking fell markedly to QR3.1mn compared to QR8.71mn the previous trading day.
The foreign individuals’ net selling eased marginally to QR0.09mn against QR0.54mn last Thursday.
However, the foreign institutions’ net buying weakened noticeably to QR56.36mn compared to QR128.08mn on May 19.
The Arab funds had no major net exposure against net sellers to the extent of QR0.04mn the previous trading day.
Total trade volume in the main market fell 55% to 81.19mn shares, value by 60% to QR322.62mn and transactions by 67% to 8,573.
There was an 80% plunge in the transport sector’s trade volume to 1.24mn equities, 80% in value to QR4.53mn and 75% in deals to 252.
The real estate sector’s trade volume plummeted 76% to 4.61mn stocks, value by 81% to QR5.22mn and transactions by 73% to 275.
The banks and financial services sector saw 60% shrinkage in trade volume to 22.97mn shares, 62% in value to QR180.78mn and 69% in deals to 4,773.
The consumer goods and services sector’s trade volume tanked 57% to 13.26mn equities, value by 67% to QR21.32mn and transactions by 76% to 460.
The market witnessed 47% contraction in the industrials sector’s trade volume to 29.79mn stocks, 55% in value to QR81.2mn and 63% in deals to 1,938.
The telecom sector’s trade volume dipped 35% to 2.49mn shares, value by 66% to QR6.9mn and transactions by 64% to 323.
However, the insurance sector reported 30% surge in trade volume to 6.83mn equities, 30% in value to QR22.68mn and 7% in deals to 275.
In the venture market, trade volumes were declining 67.74% to 0.1mn stocks, value by 66.99% to QR0.69mn and transactions by 67.1% to 51.