The Qatar Stock Exchange (QSE) on Wednesday gained 57 points on the back of strong buying interests of domestic and Gulf institutions.
The industrials and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.42% to 13,650.32 points, recovering from an intraday low of 13,687 points.
The Arab individuals were increasingly net buyers in the market, whose year-to-date gains were at 17.41%.
About 66% of the traded constituents extended gains in the bourse, whose capitalisation rose about QR2bn or 0.24% to QR760.15bn, mainly on the back of midcap segments.
The Islamic index was seen gaining faster than the other indices in the market, which saw a total of 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.15mn changed hands across 12 deals.
The foreign institutions were seen increasingly into net selling in the market, which saw no trading of sovereign bonds.
The local retail investors turned bearish in the bourse, which saw no trading of treasury bills.
The Total Return Index rose 0.42% to 27,960.29 points, All Share Index by 0.24% to 4,324.64 points and Al Rayan Islamic Index (Price) by 0.49% to 2,937.26 points.
The industrials sector index soared 1.07%, consumer goods and services (0.55%) and real estate (0.31%); while transport declined 0.49%, telecom (0.12%), insurance (0.07%) and banks and financial services (0.02%).
Major gainers in the main market included QLM, Ahlibank Qatar, Qatari German Medical Devices, Qatar Islamic Insurance, Mesaieed Petrochemical Holding, Commercial Bank, Qatar First Bank and Industries Qatar. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Qatar Insurance, QNB, Inma Holding, Nakilat, Qatari Investors Group, Mazaya Qatar, Ezdan and Milaha were among the losers in the main market.
The domestic funds were net buyers to the tune of QR20.04mn compared with net sellers of QR1.79mn on August 23.
The Gulf institutions’ net buying increased substantially to QR15.22mn against QR4.67mn the previous day.
The Arab individuals’ net buying expanded perceptibly to QR11.52mn compared to QR8.23mn on Tuesday.
However, the foreign institutions’ net selling rose significantly to QR30.36mn against QR16.87mn on August 23.
Qatari individuals were net sellers to the extent of QR13.03mn compared with net buyers of QR1.01mn the previous day.
The Arab institutions were net profit takers to the tune of QR1.41mn against no major net exposure on Tuesday.
The Gulf retail investors were net sellers to the extent of QR1.31mn compared with net buyers of QR3.3mn on August 23.
The foreign individuals turned net sellers to the tune of QR0.67mn against net buyers of QR1.47mn the previous day.
Total trade volume in the main market shrank 19% to 135.29mn shares, value by 17% to QR504.04mn and deals by 17% to 15,233.
In the venture market, trade volumes tanked 83% to 0.04mn equities, value by 81% to QR0.31mn and transactions by 68% to 33.
The industrials and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.42% to 13,650.32 points, recovering from an intraday low of 13,687 points.
The Arab individuals were increasingly net buyers in the market, whose year-to-date gains were at 17.41%.
About 66% of the traded constituents extended gains in the bourse, whose capitalisation rose about QR2bn or 0.24% to QR760.15bn, mainly on the back of midcap segments.
The Islamic index was seen gaining faster than the other indices in the market, which saw a total of 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.15mn changed hands across 12 deals.
The foreign institutions were seen increasingly into net selling in the market, which saw no trading of sovereign bonds.
The local retail investors turned bearish in the bourse, which saw no trading of treasury bills.
The Total Return Index rose 0.42% to 27,960.29 points, All Share Index by 0.24% to 4,324.64 points and Al Rayan Islamic Index (Price) by 0.49% to 2,937.26 points.
The industrials sector index soared 1.07%, consumer goods and services (0.55%) and real estate (0.31%); while transport declined 0.49%, telecom (0.12%), insurance (0.07%) and banks and financial services (0.02%).
Major gainers in the main market included QLM, Ahlibank Qatar, Qatari German Medical Devices, Qatar Islamic Insurance, Mesaieed Petrochemical Holding, Commercial Bank, Qatar First Bank and Industries Qatar. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Qatar Insurance, QNB, Inma Holding, Nakilat, Qatari Investors Group, Mazaya Qatar, Ezdan and Milaha were among the losers in the main market.
The domestic funds were net buyers to the tune of QR20.04mn compared with net sellers of QR1.79mn on August 23.
The Gulf institutions’ net buying increased substantially to QR15.22mn against QR4.67mn the previous day.
The Arab individuals’ net buying expanded perceptibly to QR11.52mn compared to QR8.23mn on Tuesday.
However, the foreign institutions’ net selling rose significantly to QR30.36mn against QR16.87mn on August 23.
Qatari individuals were net sellers to the extent of QR13.03mn compared with net buyers of QR1.01mn the previous day.
The Arab institutions were net profit takers to the tune of QR1.41mn against no major net exposure on Tuesday.
The Gulf retail investors were net sellers to the extent of QR1.31mn compared with net buyers of QR3.3mn on August 23.
The foreign individuals turned net sellers to the tune of QR0.67mn against net buyers of QR1.47mn the previous day.
Total trade volume in the main market shrank 19% to 135.29mn shares, value by 17% to QR504.04mn and deals by 17% to 15,233.
In the venture market, trade volumes tanked 83% to 0.04mn equities, value by 81% to QR0.31mn and transactions by 68% to 33.
