The Qatar Stock Exchange Monday rose 0.25% on the back of strong buying in the telecom, transport, industrials and consumer goods counters.
The foreign institutions were seen net buyers as the 20-stock Qatar Index gained more than 25 points to 12,155.33 points, although it touched an intraday high of 12,236 points.
The Gulf institutions were increasingly net buyers in the market, whose year-to-date gains improved further to 4.55%.
The Arab funds were also increasingly net buyers in the bourse, whose capitalisation saw more than QR3bn or 0.46% increase to QR683.44bn, mainly on the back of midcap segments.
The Islamic index was seen underperforming the main barometer in the market, where the industrials, consumer goods and banking sectors together constituted about 77% of the total trading volume.
The Gulf individuals’ weakened net selling had its influence in the bourse, which saw a total of 0.02mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.09mn changed hands across 10 deals.
About 50% of the traded constituents extended gains to investors in the market, which saw no trading of sovereign bonds.
Total trade turnover grew amidst lower volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index rose 0.21 to 24,898.06 points, the All Share Index by 0.34% to 3,910.43 points and the Al Rayan Islamic Index (Price) by 0.13% to 2,623.17 points.
The transport sector index shot up 1.75%, telecom (1.07%), industrials (0.79%), consumer goods and services (0.75%), realty (0.33%) and banks and financial services (0.05%); while insurance declined 1.82%.
Major movers in the main market included Inma Holding, Doha Insurance, Aamal Company, Qatar Electricity and Water, Nakilat, QNB, Salam International Investment, Mannai Corporation, Qatar National Cement, Estithmar Holding and Ooredoo.
Nevertheless, Qatar General Insurance and Reinsurance, QLM, Qatari German Medical Devices, Qatar Oman Investment, Al Khaleej Takaful, Doha Bank, Masraf Al Rayan, Alijarah Holding, Qamco, Gulf International Services, Mazaya Qatar, Ezdan and Gulf Warehousing were among the losers in the main market.
In the venture market, Mekdam Holding saw its shares depreciate in value.
The foreign funds were net buyers to the tune of QR35mn compared with net sellers of QR21.63mn on June 26.
The Gulf institutions’ net buying increased significantly to QR14.82mn against QR5.42mn the previous day.
The Arab institutions’ net buying grew perceptibly to QR1.77mn compared to QR1.23mn on Sunday.
The foreign individuals’ net buying strengthened marginally to QR1.64mn against QR1.49mn on June 26.
The Gulf individuals’ net selling declined notably to QR2.58mn compared to QR6.95mn the previous day.
However, the domestic funds’ net selling shot up substantially to QR65.28mn against QR35.72mn on Sunday.
The Arab individuals turned net sellers to the extent of QR0.31mn compared with net buyers of QR17.38mn on June 26.
Qatari individuals’ net buying weakened considerably to QR14.94mn against QR38.79mn the previous day.
Total trade volume in the main market fell 28% to 174.87mn shares, while value rose 10% to QR535.35mn and transactions by 48% to 16,111.
The industrials sector’s trade volume plummeted 43% to 69.72mn equities, value by 30% to QR176.5mn and deals by 18% to 3,793.
The real estate sector reported a 34% plunge in trade volume to 25.28mn stocks, 19% in value to QR34.36mn and 18% in transactions to 1,073.
The banks and financial services sector’s trade volume tanked 25% to 30.67mn shares, whereas value zoomed 87% to QR207.59mn and deals more than doubled to 7,091.
There was an 18% shrinkage in the insurance sector’s trade volume to 1mn equities and 15% in value to QR2.95mn but on 24% growth in transactions to 133.
The consumer goods and services sector’s trade volume was down 5% to 33.66mn stocks and value by 6% to QR50.74mn, while deals were up 1% to 1,336.
However, the transport sector’s trade volume more than tripled to 10.01mn shares and value almost tripled to QR42.64mn on almost quadrupled transactions to 2,023.
The telecom sector’s trade volume more than doubled to 4.54mn equities and value more than tripled to QR20.58mn on more than doubled deals to 662.
The venture market reported a 72.73% contraction in trade volumes to 0.24mn stocks, 72.58 in value to QR1.53mn and 63.61% in transactions to 119.