An across the board buying – particularly at the telecom, realty and insurance counters – on Thursday lifted the Qatar Stock Exchange, whose key index gained 26 points.
The foreign individuals were seen bullish as the 20-stock Qatar Index rose 0.2% to 13,028.7 points, recovering from an intraday low of 13,016 points.
The domestic institutions turned net buyers in the market, whose year-to-date gains improved to 12.07%.
The local retail investors’ weakened net selling had its influence in the main bourse, whose capitalisation saw QR2.38bn or 0.33% increase to QR726.02bn, mainly on the back of small cap segments.
The Islamic index was seen outperforming the other indices in the market, which saw a total of 0.94mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR3.01mn changed hands across 73 deals.
Trade turnover and volumes were on the decrease in the main market, while the venture market saw increased trade turnover and volumes.
More than 52% of the traded constituents extended gains to investors in the bourse, which saw no trading of sovereign bonds.
The foreign institutions continued to be net buyers but with lesser intensity in the market, which saw no trading of treasury bills.
The Total Return Index was up 0.2% to 26,687 points, the All Share Index by 0.22 to 4,140.57 points and the Al Rayan Islamic Index (Price) by 0.47% to 2,828.04 points.
The telecom sector index shot up 1.67%, realty (0.98%), insurance (0.79%), industrials (0.3%), transport (0.28%), consumer goods and services (0.11%) and banks and financial services (0.02%).
Major gainers in the main market included United Development Company, Alijarah Holding, Ezdan, Vodafone Qatar, Ooredoo, Baladna and Qamco.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Nevertheless, Doha Insurance, QLM, Ahlibank Qatar, Masraf Al Rayan and Lesha Bank were among the losers in the main market.
The foreign individuals turned net buyers to the tune of QR10.12mn compared with net sellers of QR0.48mn on October 5.
The domestic institutions were net buyers to the extent of QR3.51mn against net sellers of QR35.43mn the previous day.
Qatari individuals’ net profit booking weakened considerably to QR6.39mn compared to QR35.92mn on Wednesday.
The Arab retail investors’ net selling declined perceptibly to QR4.47mn against QR9.74mn on October 5.
The Gulf individuals’ net selling eased marginally to QR0.09mn compared to QR0.94mn the previous day.
However, the Gulf institutions’ net profit booking strengthened noticeably to QR9.26mn against QR5.43mn on Wednesday.
The foreign institutions’ net buying weakened significantly to QR6.57mn compared to QR87.95mn on October 5.
The Arab institutions had no major net exposure against net sellers to the extent of QR0.01mn the previous day.
Total trade volume in the main market fell 19% to 184.81mn shares and value by 12% to QR521.25mn, whereas deals were up 5% to 17,014.
The venture market saw a 20% jump in trade volumes to 0.06mn equities and 91% in value to QR0.42mn on more than doubled transactions to 52.
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