The Qatar Stock Exchange Tuesday gained as much as 137 points to inch towards 12,300 levels, mainly powered by the banking and industrial equities.
The foreign institutions were seen increasingly into net buying as the 20-stock Qatar Index shot up 1.12% to 12,291.84 points, recovering from an intraday low of 12,103 points.
About 55% of the traded constituents extended gains to investors in the market, whose year-to-date gains improved further to 5.73%.
The domestic institutions were however increasingly into net selling in the bourse, whose capitalisation saw more than QR7bn or 1.07% increase to QR690.73bn, mainly on the back of mid and small cap segments.
The Islamic index was seen underperforming the main barometer in the market, where the industrials and banking sectors together constituted about 68% of the total trading volume.
The local retail investors were seen bearish in the bourse, which saw a total of 0.05mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.14mn changed hands across 13 deals.
The Gulf funds were also seen net profit takers 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 rose 1.12 to 25,177.68 points, All Share Index by 1.1% to 3,953.53 points and Al Rayan Islamic Index (Price) by 0.63% to 2,639.74 points.
The banks and financial services sector index shot up 1.61%, industrials (1.33%) and real estate (0.01%); while insurance declined 1%, telecom (0.43%), transport (0.15%) and consumer goods and services (0.11%).
Major movers in the main market included Qamco Holding, QNB, Medicare Group, Industries Qatar, QIIB, Qatar Islamic Bank, Commercial Bank, Alijarah Holding, Salam International Investment, Baladna, Gulf International Services, QLM and Mazaya Qatar. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Al Khaleej Takaful, Inma Holding, Qatar Industrial Manufacturing, Mannai Corporation, Dlala, Qatar National Cement, Estithmar Holding and Ezdan were among the losers in the main market. In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased substantially to QR109.13mn compared to QR35mn on June 27.
However, the domestic funds’ net selling declined perceptibly to QR67.32mn against QR65.28mn on Monday.
Qatari individuals turned net sellers to the tune of QR25.13mn compared with net buyers of QR14.94mn the previous day.
The Arab individuals’ net selling increased noticeably to QR7.99mn against QR0.31mn on June 27.
The Gulf institutions were net sellers to the tune of QR4.84mn compared with net buyers of QR14.82mn on Monday.
The Gulf individuals’ net profit booking strengthened perceptibly to QR3.81mn against QR2.58mn the previous day.
The foreign individuals were net sellers to the extent of QR0.04mn compared with net buyers of QR1.64mn on June 27.
The Arab institutions had no major net exposure against net buyers to the extent of QR1.77mn on Monday.
Total trade volume in the main market fell 27% to 127.43mn shares and value by 11% to QR474.08mn, while transactions were up 7% to 17,224.
The real estate sector’s trade volume plummeted 65% to 8.87mn equities, value by 67% to QR11.46mn and deals by 59% to 436.
The telecom sector reported 64% plunge in trade volume to 1.64mn stocks, 54% in value to QR9.41mn and 9% in transactions to 602.
The transport sector’s trade volume tanked 58% to 4.25mn shares, value by 57% to QR18.24mn and deals by 50% to 1,004.
There was 37% shrinkage in the insurance sector’s trade volume to 0.63mn equities, 12% in value to QR2.6mn and 31% in transactions to 92.
The industrials sector’s trade volume shrank 31% to 47.96mn stocks, value by 23% to QR135.87mn and deals by 7% to 3,523.
The market witnessed 24% contraction in the consumer goods and services sector’s trade volume to 25.61mn shares, 22% in value to QR39.67mn and 7% in transactions to 1,239.
However, the banks and financial services sector’s trade volume soared 25% to 38.47mn equities, value by 24% to QR256.82mn and deals by 46% to 10,328.
Although the venture market saw flat trade volumes to 0.24mn stocks, value was down 9.8% to QR1.38mn and transactions by 31.09% to 82.