Reflecting the country’s ratings upgrade by international credit rating agencies as Moody’s and Standard and Poor’s, the Qatar Stock Exchange Sunday saw its key barometer gain more than 100 points and capitalisation add in excess of QR6bn.
An across the board buying, particularly in the banking sector, led the 20-stock Qatar Index expand 0.82% to 12,406.69 points, although it touched an intraday high of 12,558 points.
The foreign funds were increasingly net buyers and the Arab individuals were seen bullish in the market, whose year-to-date gains improved to 6.72%.
About 69% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR6.17bn or 0.9% increase to QR693.37bn, mainly on the back of midcap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.1mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.72mn changed hands across 38 deals.
Trade turnover volumes were on the decline in the main market as well as junior bourse.
The Arab institutions were net buyers, albeit at lower levels, in the bourse, which saw no trading of sovereign bonds.
The Gulf funds also turned bullish in the main market, which saw no trading of treasury bills.
The Total Return Index grew 0.82% to 25,412.92 points, All Share Index by 0.76% to 3,961.26 points and Al Rayan Islamic Index (Price) by 0.69% to 2,723.77 points.
The banks and financial services sector index shot up 1.01%, industrials (0.77%), telecom (0.53%), realty (0.33%), insurance (0.17%), consumer goods and services (0.12%) and transport (0.06%).
Major gainers in the main market included Alijarah Holding, Qamco, QNB, Qatar Insurance, Al Meera, Qatar Islamic Bank, Industries Qatar, Ezdan, Mazaya Qatar and Milaha. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Nevertheless, QLM, Al Khaleej Takaful, Dlala, Zad Holding, Widam food and Nakilat were among the losers in the main market.
The foreign institutions’ net buying increased considerably to QR43.05mn compared to QR15.12mn on November 3.
The Arab retail investors turned net buyers to the tune of QR8.69mn against net sellers of QR2.45mn the previous trading day.
The Arab institutions were net buyers to the extent of QR0.15mn compared with no major net exposure last Thursday.
The Gulf institutions turned net buyers to the tune of QR0.07mn against net profit takers of QR5.91mn on November 3.
The Gulf individuals’ net selling declined marginally to QR3.08mn compared to QR3.6mn the previous trading day.
However, the domestic institutions’ net selling strengthened noticeably to QR24.26mn against QR17.75mn last Thursday.
The foreign individuals were net sellers to the tune of QR20.65mn compared with net buyers of QR6.31mn on November 3.
The local retail investors turned net profit takers to the extent of QR4.08mn against net buyers of QR8.27mn the previous trading day.
Total trade volume in the main market shrank 12% to 104.13mn shares, value by 12% to QR360.03mn and deals by 26% to 12,265.
The venture market saw a 67% plunge in trade volumes to 0.06mn equities and 62% in value to QR0.39mn but on doubled transactions to 40.
An across the board buying, particularly in the banking sector, led the 20-stock Qatar Index expand 0.82% to 12,406.69 points, although it touched an intraday high of 12,558 points.
The foreign funds were increasingly net buyers and the Arab individuals were seen bullish in the market, whose year-to-date gains improved to 6.72%.
About 69% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR6.17bn or 0.9% increase to QR693.37bn, mainly on the back of midcap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.1mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.72mn changed hands across 38 deals.
Trade turnover volumes were on the decline in the main market as well as junior bourse.
The Arab institutions were net buyers, albeit at lower levels, in the bourse, which saw no trading of sovereign bonds.
The Gulf funds also turned bullish in the main market, which saw no trading of treasury bills.
The Total Return Index grew 0.82% to 25,412.92 points, All Share Index by 0.76% to 3,961.26 points and Al Rayan Islamic Index (Price) by 0.69% to 2,723.77 points.
The banks and financial services sector index shot up 1.01%, industrials (0.77%), telecom (0.53%), realty (0.33%), insurance (0.17%), consumer goods and services (0.12%) and transport (0.06%).
Major gainers in the main market included Alijarah Holding, Qamco, QNB, Qatar Insurance, Al Meera, Qatar Islamic Bank, Industries Qatar, Ezdan, Mazaya Qatar and Milaha. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Nevertheless, QLM, Al Khaleej Takaful, Dlala, Zad Holding, Widam food and Nakilat were among the losers in the main market.
The foreign institutions’ net buying increased considerably to QR43.05mn compared to QR15.12mn on November 3.
The Arab retail investors turned net buyers to the tune of QR8.69mn against net sellers of QR2.45mn the previous trading day.
The Arab institutions were net buyers to the extent of QR0.15mn compared with no major net exposure last Thursday.
The Gulf institutions turned net buyers to the tune of QR0.07mn against net profit takers of QR5.91mn on November 3.
The Gulf individuals’ net selling declined marginally to QR3.08mn compared to QR3.6mn the previous trading day.
However, the domestic institutions’ net selling strengthened noticeably to QR24.26mn against QR17.75mn last Thursday.
The foreign individuals were net sellers to the tune of QR20.65mn compared with net buyers of QR6.31mn on November 3.
The local retail investors turned net profit takers to the extent of QR4.08mn against net buyers of QR8.27mn the previous trading day.
Total trade volume in the main market shrank 12% to 104.13mn shares, value by 12% to QR360.03mn and deals by 26% to 12,265.
The venture market saw a 67% plunge in trade volumes to 0.06mn equities and 62% in value to QR0.39mn but on doubled transactions to 40.
