The Qatar Stock Exchange gained for the second day on Monday mainly on the back of insurance, industrials and transport equities.
Lower buying interests of domestic and Gulf funds and increased net selling by local retail investors led the 20-stock Qatar Index gain 0.85% to 8,983.79 points.
Masraf Al Rayan sponsored exchange traded funds QATR gained 0.82%; whereas Doha Bank sponsored QETF witnessed 1.86% decline.
However, there was weakened net selling by non-Qatari institutions in the market, which is up 5.4% year-to-date.
Buying was seen more pronounced within large, micro and small cap segments in the bourse, whose capitalisation expanded 0.75% to QR497.33bn.
Trade turnover and volumes were on the increase in the market, where telecom, industrials and banking sectors together accounted for about 81% of the total volume.
The Total Return Index gained 0.85% to 15,828.44 points, All Share Index by 0.58% to 2,635.34 points and Al Rayan Islamic Index (Price) by 0.6% to 2,233.25 points.
The insurance index soared 1.23%, industrials (1.13%), transport (0.93%), banks and financial services (0.76%) and telecom (0.67%); whereas real estate (0.91%) and consumer goods (0.16%).
More than 65% of the traded stocks extended gains with major movers being Industries Qatar, Vodafone Qatar, Milaha, Qatar Electricity and Water, QNB, Qatar First Bank, Dlala, Qatari German Company for Medical Devices and Al Meera; even as Commercial Bank, Salam International Investment, Alijarah Holding, Aamal Company and Ezdan were among the losers.
Domestic institutions’ net buying weakened considerably to QR9.05mn compared to QR20.1mn on May 6.
The Gulf institutions’ net buying declined perceptibly to QR1.21mn against QR2.24mn the previous day.
Non-Qatari individuals’ net buying shrank influentially to QR1.12mn compared to QR2.15mn on Sunday.
Local individual investors’ net selling increased marginally to QR9.43mn against QR8.57mn on May 6.
However, non-Qatari institutions’ net selling plunged to QR1.82mn compared to QR14.55mn the previous day.
The Gulf individuals’ net profit booking eased perceptibly to QR0.15mn against QR1.35mn on Sunday.
Total trade volume rose 24% to 12.69mn shares, value by 17% to QR211.95mn and transactions by 34% to 3,661.
The transport sector’s trade volume more than tripled to 0.96mn equities and value also more than tripled to QR15.16mn on more than doubled deals to 420.
There was 86% surge in the consumer goods sector’s trade volume to 0.67mn stocks, 5% in value to QR22.68mn and 30% in transactions to 349.
The banks and financial services sector’s trade volume soared 59% to 2.35mn shares, value by 24% to QR52.59mn and deals by 33% to 951.
The industrials sector reported 49% increase in trade volume to 3.15mn equities, 58% in value to QR54.56mn and 68% in transactions to 777.
The real estate sector’s trade volume expanded 25% to 0.76mn stocks, value by 9% to QR9.81mn and deals by 13% to 332.
However, there was 67% plunge in the insurance sector’s trade volume to 0.07mn shares and 35% in value to QR2.34mn but on 32% jump in transactions to 79.
The telecom sector’s trade volume was down 9% to 4.74mn equities, value by 17% to QR54.81mn and deals by 2% to 753.
In the debt market, there was no trading of treasury bills and sovereign bonds.
