An across the board buying, especially in the industrials, yesterday lifted the Qatar Stock Exchange more than 96 points and its capitalisation gained more than QR6bn.
The foreign funds were seen bullish as the 20-stock Qatar Index rose 0.7% to 13,746.39 points, recovering from an intraday low of 13,679 points.
The sentiments in the regional bourses reflected those in the global markets with investors tracking gains in oil prices and the bullish Asian markets.
More than 73% of the traded constituents extended gains in the market, whose year-to-date gains were at 18.24%. Both volumes and turnover were on the decline.
The Gulf individuals’ weakened net selling also had its influence on the bourse, whose capitalisation rose 0.84% to QR764.69bn, mainly on the back of mid and small cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.03mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.28mn changed hands across 13 deals.
The Arab institutions’ net profit booking eased marginally in the market, which saw no trading of sovereign bonds.
However, the local retail investors were increasingly bearish in the bourse, which saw no trading of treasury bills.
The Total Return Index rose 0.7% to 28,157.07 points, the All Share Index by 0.61% to 4,350.84 points and the Al Rayan Islamic Index (Price) by 0.56% to 3,003.94 points.
The industrials sector index soared 1.4%, consumer goods and services (0.54%), banks and financial services (0.41%), transport (0.29%), real estate (0.26%), insurance (0.23%) and telecom (0.09%).
Major gainers in the main market included Widam Food, Qatari German Medical Devices, Industries Qatar, Mesaieed Petrochemical Holding, Qatar Industrial Manufacturing, Commercial Bank, Baladna and Qamco.
Nevertheless, Doha Insurance, Qatar General Insurance and Reinsurance, Qatar Electricity and Water, Qatar First Bank and Al Meera were among the losers in the main market.
The foreign institutions turned net buyers to the tune of QR22.37mn compared with net sellers of QR30.36mn on August 24.
The Gulf retail investors’ net selling declined perceptibly to QR0.58mn against QR1.31mn the previous day.
The Arab institutions’ net profit booking eased marginally to QR1.38mn compared to QR1.41mn on Wednesday.
However, Qatari individuals’ net selling increased substantially to QR32.44mn against QR13.03mn on August 24.
The foreign individuals’ net selling strengthened considerably to QR5.39mn compared to QR0.67mn the previous day.
The Arab individuals were net sellers to the extent of QR4.11mn against net buyers of QR11.52mn on Wednesday.
The Gulf institutions’ net buying decreased drastically to QR6mn compared to QR15.22mn on August 24.
The domestic funds’ net buying shrank noticeably to QR15.52mn against QR20.04mn the previous day.
Total trade volume in the main market tanked 18% to 110.38mn shares and value by 8% to QR462.17mn, whereas deals were marginally up less than 1% to 15,278.
In the venture market, trade volumes more than quadrupled to 0.17mn equities and value also more than quadrupled to QR1.34mn on a 33% surge in transactions to 44.
The foreign funds were seen bullish as the 20-stock Qatar Index rose 0.7% to 13,746.39 points, recovering from an intraday low of 13,679 points.
The sentiments in the regional bourses reflected those in the global markets with investors tracking gains in oil prices and the bullish Asian markets.
More than 73% of the traded constituents extended gains in the market, whose year-to-date gains were at 18.24%. Both volumes and turnover were on the decline.
The Gulf individuals’ weakened net selling also had its influence on the bourse, whose capitalisation rose 0.84% to QR764.69bn, mainly on the back of mid and small cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.03mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.28mn changed hands across 13 deals.
The Arab institutions’ net profit booking eased marginally in the market, which saw no trading of sovereign bonds.
However, the local retail investors were increasingly bearish in the bourse, which saw no trading of treasury bills.
The Total Return Index rose 0.7% to 28,157.07 points, the All Share Index by 0.61% to 4,350.84 points and the Al Rayan Islamic Index (Price) by 0.56% to 3,003.94 points.
The industrials sector index soared 1.4%, consumer goods and services (0.54%), banks and financial services (0.41%), transport (0.29%), real estate (0.26%), insurance (0.23%) and telecom (0.09%).
Major gainers in the main market included Widam Food, Qatari German Medical Devices, Industries Qatar, Mesaieed Petrochemical Holding, Qatar Industrial Manufacturing, Commercial Bank, Baladna and Qamco.
Nevertheless, Doha Insurance, Qatar General Insurance and Reinsurance, Qatar Electricity and Water, Qatar First Bank and Al Meera were among the losers in the main market.
The foreign institutions turned net buyers to the tune of QR22.37mn compared with net sellers of QR30.36mn on August 24.
The Gulf retail investors’ net selling declined perceptibly to QR0.58mn against QR1.31mn the previous day.
The Arab institutions’ net profit booking eased marginally to QR1.38mn compared to QR1.41mn on Wednesday.
However, Qatari individuals’ net selling increased substantially to QR32.44mn against QR13.03mn on August 24.
The foreign individuals’ net selling strengthened considerably to QR5.39mn compared to QR0.67mn the previous day.
The Arab individuals were net sellers to the extent of QR4.11mn against net buyers of QR11.52mn on Wednesday.
The Gulf institutions’ net buying decreased drastically to QR6mn compared to QR15.22mn on August 24.
The domestic funds’ net buying shrank noticeably to QR15.52mn against QR20.04mn the previous day.
Total trade volume in the main market tanked 18% to 110.38mn shares and value by 8% to QR462.17mn, whereas deals were marginally up less than 1% to 15,278.
In the venture market, trade volumes more than quadrupled to 0.17mn equities and value also more than quadrupled to QR1.34mn on a 33% surge in transactions to 44.