The Qatar Stock Exchange on Monday continued its bullish run for the second day, mainly on the back of strong buying interests of foreign institutions.
Buying interests — especially in transport, industrials, insurance, realty and banking — led the 20-stock Qatar Index gain 0.22% to 9,651.77 points.
Doha Bank and Masraf Al Rayan sponsored exchange traded funds QETF and QATR reported 2.74% and 0.9% declines respectively.
The Islamic equities were seen declining vis-à-vis gains in other indices on the market, which reported 13.24% gains year-to-date.
However, local retail investors and domestic institutions turned bearish on the bourse, whose capitalisation gained 0.4% to QR528.05bn.
Trade turnover grew amidst lower volumes in the market, where transport, banking and telecom sectors together accounted for about 71% of the total volume.
The Total Return Index rose 0.22% to 17,005.35 points and All Share Index by 0.39% to 2,792.65 points, while Al Rayan Islamic Index (Price) was down 0.04% to 2,361.25 points.
The transport index gained 1.41%, industrials (0.8%), insurance (0.77%), realty (0.64%) and banks and financial services (0.52%); while telecom and consumer goods declined 3.59% and 0.04% respectively.
Major gainers included Nakilat, Qatar National Cement, Industries Qatar, Mazaya Qatar, Ezdan, Mesaieed Petrochemical Holding, QNB, al khaliji, Commercial Bank, Qatar Islamic Bank and Doha Bank; even as Ooredoo, Aamal Company, Medicare Group, Dlala and Qatar Oman Investment were among the losers.
Non-Qatari institutions’ net buying strengthened influentially to QR64.04mn compared to QR5.49mn on Sunday.
The Gulf institutions turned net buyers to the tune of QR2.85mn against net profit takers of QR51.69mn the previous day.
However, local individual investors were net sellers to extent of QR45.51mn compared with net buyers of QR40.69mn on July 29.
Domestic institutions were also net sellers to the tune of QR16.52mn against net buyers of QR4.71mn on Sunday.
Non-Qatari individuals turned net profit takers to the extent of QR4.88mn compared with net buyers of QR0.48mn the previous day.
The Gulf individual investors’ net buying declined marginally to QR0.05mn against QR0.3mn on July 29.
Total trade volume fell 2% to 8.41mn shares, while value rose 27% to QR241.58mn and transactions by 27% to 3,407.
The market witnessed 34% plunge in the real estate sector’s trade volume to 1.19mn equities, 37% in value to QR13.7mn and 15% in deals to 471.
The banks and financial services sector’s trade volume plummeted 21% to 1.99mn stocks, whereas value grew 27% to QR104.24mn and transactions by 34% to 903.
There was 14% decline in the industrials sector’s trade volume to 0.84mn shares but on 18% rise in value to QR29.09mn despite 4% lower deals at 632.
However, the insurance sector’s trade volume more than doubled to 0.34mn equities and value also more than doubled to QR11.72mn on 23% increase in transactions to 87.
The telecom sector’s trade volume soared 77% to 1.73mn stocks, value almost tripled to QR30.34mn and deals more than doubled to 639.
The consumer goods sector reported 10% increase in trade volume to 0.11mn shares, 5% in value to QR10.84mn and 36% in transactions to 227.
The transport sector’s trade volume shot up 9% to 2.22mn equities, value by 16% to QR41.66mn and deals by 55% to 448.
In the debt market, there was no trading of treasury bills and sovereign bonds.
