The Qatar Stock Exchange on Sunday opened the week on a stronger footing as its key index gained as much as 53 points to cross the 12,600 levels.
The insurance, industrials, transport and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.42% to 12,609.97 points, although it touched an intraday high of 12,696 points.
The Arab individuals were increasingly net buyers in the market, whose year-to-date gains improved to 8.47%.
The foreign retail investors turned bullish in the main bourse, whose capitalisation saw QR2.68bn or 0.38% increase to QR702.86bn, mainly on the back of small and microcap segments.
The Islamic index was seen outperforming the other indices in the market, which saw a total of 0.21mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.65mn changed hands across 19 deals.
Trade turnover volumes were seen expanding in the main market, while the junior bourse saw decreased trade turnover and volumes.
The domestic funds’ weakened net selling pressure had its influence in the bourse, which saw no trading of sovereign bonds.
The local retail investors’ net profit booking also declined in the main market, which saw no trading of treasury bills.
The Total Return Index rose 0.42% to 25,829.32 points, All Share Index by 0.29% to 4,012.2 points and Al Rayan Islamic Index (Price) by 0.72% to 2,796.09 points.
The insurance sector index shot up 1.23%, industrials (1.12%), transport (0.73%), consumer goods and services (0.71%) and real estate (0.11%); while telecom declined 0.27% and banks and financial services (0.13%).
More than 67% of the traded constituents in the main market extended gains with major movers being Estithmar Holding, Ahlibank Qatar, Mannai Corporation, Qamco, Doha Insurance, Lesha Bank, Woqod, Industries Qatar, Mesaieed Petrochemical Holding, Qatar Insurance, Mazaya Qatar, Ezdan and Vodafone Qatar. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Aamal Company, Zad Holding, Ooredoo, QNB, Alijarah Holding and Milaha were among the losers in the main market.
The Arab retail investors’ net buying increased considerably to QR16.89mn compared to QR0.34mn on November 10.
The foreign individuals turned net buyers to the tune of QR11.35mn against net sellers of QR1.5mn the previous trading day.
The Gulf individuals were net buyers to the extent of QR0.06mn compared with net sellers of QR1.17mn last Thursday.
The local retail investors’ net profit booking declined substantially to QR17.31mn against QR58.63mn on November 10.
The domestic institutions’ net selling weakened noticeably to QR2.13mn compared to QR33.79mn the previous trading day.
The Gulf institutions’ net profit booking shrank markedly to QR9.62mn against QR17.88mn last Thursday.
However, the Arab institutions turned net sellers to the tune of QR0.05mn compared with no major net exposure on November 10.
The foreign institutions’ net buying fell drastically to QR0.81mn against QR112.65mn the previous trading day.
Total trade volume in the main market zoomed 44% to 126.34mn shares and value by 7 to QR439.4mn, while deals were down 4% to 13,209.
The venture market saw 59% contraction in trade volumes to 0.37mn equities, 59% in value to QR2.93mn and 56% in transactions to 147.
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