Foreign funds’ bullish outlook on Monday steered the Qatar Stock Exchange back onto the positive trajectory as capitalisation touched QR516bn.
Mainly led by transport, realty and banking equities, the 20-stock Qatar Index gained 0.41% to 9,450.07 points.
Gulf as well as domestic institutions’ weakened net selling also helped the market, which is up 10.87% year-to-date.
However, local and non-Qatari individuals turned net sellers in the bourse, whose capitalisation grew 0.85%.
Islamic stocks were seen declining vis-à-vis gains in the other indices in the market, where demand was seen higher especially for large caps.
Trade turnover and volumes were on the decline in the bourse, where the real estate, banking and industrials sectors together accounted for about 77% of the total volume.
The Total Return Index rose 0.41% to 15,847.21 points and the All Share Index by 0.79% to 2,662.88 points, while the Al Rayan Islamic Index fell 0.21% to 3,728.03 points.
The transport index soared 2.02%, followed by realty (2%), banks and financial services (1.11%) and insurance (0.23%); while telecom shrank 0.99%, consumer goods (0.17%) and industrials (0.11%).
Major gainers included Ezdan, Nakilat, QNB, Qatar Oman Investment, Mesaieed Petrochemical Holding, Qatar General and Reinsurance, Milaha and United Development Company, while Qatar First Bank, Qatari Investors Group, Gulf International Services, Vodafone Qatar and Widam Food were among the losers.
Non-Qatari institutions turned net buyers to the tune of QR15.54mn against net sellers of QR1.7mn on January 28.
Gulf funds’ net selling weakened substantially to QR2.52mn compared to QR22.92mn the previous day.
Domestic funds’ net profit-booking also declined perceptibly to QR1.6mn against QR9.69mn on Sunday.
However, local individuals turned net sellers to the extent of QR8.52mn compared with net buyers of QR26.28mn on January 28.
Non-Qatari retail investors were also net sellers to the tune of QR3mn against net buyers of QR7.27mn the previous day.
Gulf individual investors’ net buying declined marginally to QR0.09mn compared to QR0.76mn on Sunday.
Total trade volume fell 29% to 6.31mn shares and value by 15% to QR170.4mn, while deals were up 5% to 3,315.
The market witnessed a 57% plunge in the industrials sector’s trade volume to 1.2mn equities, 43% in value to QR32.51mn and 28% in transactions to 682.
The banks and financial services sector’s trade volume plummeted 41% to 1.77mn stocks and value by 14% to QR64.31mn, whereas deals grew 4% to 1,043.
The consumer goods sector reported a 34% shrinkage in trade volume to 0.19 shares, 1% in value to QR15.99mn and 6% in transactions to 245.
The real estate sector’s trade volume tanked 9% to 1.88mn equities and value by 20% to QR33.07mn, while deals shot up 22% to 706.
However, the transport sector’s trade volume almost tripled to 0.42mn stocks and value almost doubled to QR9.18mn on more-than-doubled transactions to 241.
The telecom sector saw a 32% surge in trade volume to 0.78mn shares to more than double value to QR12.14mn on an 81% increase in deals to 300.
Although the insurance sector’s trade volume was flat at 0.06mn equities, there was a 16% expansion in value to QR3.21mn and 8% in transactions to 98.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Gulf as well as domestic institutions’ weakened net selling also helped the market, which is up 10.87% year-to-date.
However, local and non-Qatari individuals turned net sellers in the bourse, whose capitalisation grew 0.85%.
Islamic stocks were seen declining vis-à-vis gains in the other indices in the market, where demand was seen higher especially for large caps.
Trade turnover and volumes were on the decline in the bourse, where the real estate, banking and industrials sectors together accounted for about 77% of the total volume.
The Total Return Index rose 0.41% to 15,847.21 points and the All Share Index by 0.79% to 2,662.88 points, while the Al Rayan Islamic Index fell 0.21% to 3,728.03 points.
The transport index soared 2.02%, followed by realty (2%), banks and financial services (1.11%) and insurance (0.23%); while telecom shrank 0.99%, consumer goods (0.17%) and industrials (0.11%).
Major gainers included Ezdan, Nakilat, QNB, Qatar Oman Investment, Mesaieed Petrochemical Holding, Qatar General and Reinsurance, Milaha and United Development Company, while Qatar First Bank, Qatari Investors Group, Gulf International Services, Vodafone Qatar and Widam Food were among the losers.
Non-Qatari institutions turned net buyers to the tune of QR15.54mn against net sellers of QR1.7mn on January 28.
Gulf funds’ net selling weakened substantially to QR2.52mn compared to QR22.92mn the previous day.
Domestic funds’ net profit-booking also declined perceptibly to QR1.6mn against QR9.69mn on Sunday.
However, local individuals turned net sellers to the extent of QR8.52mn compared with net buyers of QR26.28mn on January 28.
Non-Qatari retail investors were also net sellers to the tune of QR3mn against net buyers of QR7.27mn the previous day.
Gulf individual investors’ net buying declined marginally to QR0.09mn compared to QR0.76mn on Sunday.
Total trade volume fell 29% to 6.31mn shares and value by 15% to QR170.4mn, while deals were up 5% to 3,315.
The market witnessed a 57% plunge in the industrials sector’s trade volume to 1.2mn equities, 43% in value to QR32.51mn and 28% in transactions to 682.
The banks and financial services sector’s trade volume plummeted 41% to 1.77mn stocks and value by 14% to QR64.31mn, whereas deals grew 4% to 1,043.
The consumer goods sector reported a 34% shrinkage in trade volume to 0.19 shares, 1% in value to QR15.99mn and 6% in transactions to 245.
The real estate sector’s trade volume tanked 9% to 1.88mn equities and value by 20% to QR33.07mn, while deals shot up 22% to 706.
However, the transport sector’s trade volume almost tripled to 0.42mn stocks and value almost doubled to QR9.18mn on more-than-doubled transactions to 241.
The telecom sector saw a 32% surge in trade volume to 0.78mn shares to more than double value to QR12.14mn on an 81% increase in deals to 300.
Although the insurance sector’s trade volume was flat at 0.06mn equities, there was a 16% expansion in value to QR3.21mn and 8% in transactions to 98.
In the debt market, there was no trading of treasury bills and sovereign bonds.
