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The Qatar Exchange yesterday opened the week on a stronger note, mainly lifted by insurance, realty and transport stocks.
Domestic institutions were seen to be net buyers as the 20-stock Qatar Index (based on price data) rose 0.42% to 9,086.90 points.
Major gainers included Qatar Insurance, Barwa, Doha Bank, Commercial Bank, QNB, Qatari Investors Group, Industries Qatar, Mazaya Qatar, Milaha, Nakilat and Widam Food; even as United Development Company (UDC) and Vodafone Qatar bucked the trend.
UDC, Barwa and Islamic Holding Group (IHG) were among the most active by volume and value in the market, which is up 8.71% year-to-date (YTD) but still below Dubai, Abu Dhabi and Kuwait bourses, which returned double-digit gains to investors.
The 20-stock Total Return Index also gained 0.42% to 12,983.09 points, All Share Index (comprising wider constituents) by 0.43% to 2,311.45 points and Al Rayan Islamic Index by 0.55% to 2,757.14 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the insurance stocks surged 2.37%, real estate (0.87%), transport (0.8%), banks and financial services (0.44%) and industrials (0.27%); while that of telecom and consumer goods fell 0.37% and 0.08% respectively.
Transport, industrials, telecom, consumer goods, insurance, realty and banking sectors have gained YTD 23.84%, 19.16%, 18.92%, 18.65%, 18.26%, 10.24% and 9.81% respectively.
Market capitalisation expanded 0.26% or more than QR1bn to QR503.22bn with small and mid cap equities gaining 0.81% and 0.74% respectively. Large and micro caps also rose 0.21% each.
Small, mid and large cap equities have, however, gained YTD 11.03%, 10.64% and 7.63% respectively; while micro caps fell 1.21%.
Of the 42 stocks, 22 advanced, while only 11 declined, five were unchanged and four were not traded.
Domestic institutions’ net buying rose to 11.98% or QR39.51mn. A marginally higher 35.08% of them were into buying against 34.44% the previous trading day and a marginally higher 23.1% of them into selling compared to 22.48%.
Qatari individual investors’ net profit booking fell to 4.87% or QR16.06mn. A higher 40.6% of them purchased equities against 34.23% last Thursday and a higher 45.47% sold compared to 39.78%.
Foreign institutions’ net selling fell to 5.13% or QR16.92mn. A lower 12.41% of them bought equities against 20.66% the previous day and a lower 17.54% offloaded compared to 26.64%.
Non-Qatari individual investors’ net profit booking rose to 1.98% or QR6.53mn. A marginally higher 11.91% of them bought equities against 10.67% last Thursday and a higher 13.89% sold compared to 11.1%.
Total trading volume rose 19% to 9.08mn shares, value by 2% to QR329.81mn and deals by 11% to 4,843.
The consumer goods and services sector’s trading volume more than doubled to 0.88mn shares and value more than doubled to QR51.20mn on more than doubled transactions to 618.
The industrials sector’s trading volume more than doubled to 1.07mn shares but value was up 1% to QR53.87mn and deals by 24% to 792.
The real estate sector’s trading volume surged 31% to 3.24mn shares, value by 32% to QR73.21mn and transactions by 31% to 931.
The banks and financial services sector’s trading volume soared 13% to 2.40mn shares, while value fell 14% to QR99.41mn but deals were up less than 1% to 1,668.
However, the insurance sector’s trading volume plunged 32% to 0.30mn shares, value by 31% to QR17.72mn and transactions by 9% to 282.
The telecom sector’s trading volume plummeted 30% to 0.26mn shares, value by 58% to QR5.90mn and deals by 36% to 157.
The transport sector’s trading volume tanked 28% to 0.93mn shares, value by 22% to QR28.50mn and transactions by 21% to 395.
Actively traded stocks (in terms of volume) were UDC (1.84mn shares); Barwa (1.20mn); Nakilat (719,921); IHG (502,967) and Gulf International Services (462,321).
In the debt market, there was no trading of treasury bills.
