* Buying interests lift sentiments in QSE; M-cap gains QR1bn
Strong buying interests in the industrials and transport counters Tuesday helped the Qatar Stock Exchange gain 16 points.
The Arab individuals were increasingly into net buying as the 20-stock Qatar Index settled 0.13% to 13,055.01 points, recovering from an intraday low of 12,943 points.
The domestic funds’ weakened net selling also had its influence in the market, whose year-to-date gains were at 12.29%.
The Gulf individuals were seen bullish, albeit at lower levels, in the bourse, whose capitalisation grew more than QR1bn or 0.22% to QR728.6bn mainly on the back of microcap segments.
The Islamic index was seen declining vis-a-vis gains in 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 QR0.33mn changed hands across 19 deals.
Trade turnover grew amidst lower volumes in the main market, while the venture market saw easing turnover amidst higher volumes.
The Gulf institutions were seen net buyers in the bourse, which saw no trading of sovereign bonds.
However, local retail investors turned net profit takers in the market, which saw no trading of treasury bills.
The Total Return Index rose 0.13% to 26,740.9 points and All Share Index by 0.2% to 4,141.2 points, while Al Rayan Islamic Index (Price) was down 0.03% to 2,889.1 points.
The industrials sector index gained 0.78%, transport (0.34%) and banks and financial services (0.15%); while telecom declined 1.13%, insurance (0.38%), real estate (0.37%) and consumer goods and services (0.11%).
Major gainers in the main market included Qatari German Medical Devices, Qatari Investors Group, Industries Qatar, Gulf Warehousing, Milaha, QNB, Aamal Company and Ezdan.
Nevertheless, more than 59% of the traded constituents in the main market were in the red with major losers being Mannai Corporation, Qatar Islamic Insurance, Widam Food, Ooredoo, Barwa, QIIB, Mesaieed Petrochemical Holding, Gulf International Services, Qamco and Vodafone Qatar. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
The Arab individuals’ net buying increased markedly to QR9.5mn compared to QR4.52mn on September 5.
The Gulf institutions turned net buyers to the tune of QR1.2mn against net sellers of QR2.81mn the previous day.
The Gulf retail investors were net buyers to the extent of QR0.35mn compared with net sellers of QR1.73mn on Monday.
The domestic institutions’ net selling decreased substantially to QR10.22mn against QR49.99mn on September 5.
However, Qatari individuals turned net sellers to the tune of QR14.18mn compared with net buyers of QR25.54mn the previous day.
The foreign individuals were net sellers to the extent of QR1.13mn against net buyers of QR3.94mn on Monday.
The foreign institutions’ net buying weakened perceptibly to QR14.48mn compared to QR20.52mn on September 5.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume in the main market fell 10% to 124.71mn shares, while value jumped 3% to QR527.26mn amidst 10% fall in deals to 18,904.
In the venture market, there was 31% expansion in trade volumes to 0.34mn equities but 48% shrinkage in value to QR1.06mn and 65% in transactions to 66.