Buying interests in industrials and realty lift sentiments in QSE; M-cap adds QR3bn

The industrials and real estate counters Tuesday saw a higher than average demand, leading the Qatar Stock Exchange gain about 79 points and its key index surpass 10,900 levels.
The Gulf funds were seen increasingly into net buying as the 20-stock Qatar Index soared 0.73% to 10,913 points, recovering from an intraday low of 10,816 points.
The foreign institutions turned bullish in the main market, whose year-to-date gains improved to 2.17%, despite a gloomy global economic outlook and volatile oil prices.
The Arab retail investors were increasingly net buyers in the main bourse, whose capitalisation saw QR3.01bn or 0.49% increase to QR619.7bn, mainly led by mid and small cap segments.
About 60% of the traded constituents extended gains in the main market, which saw a total of 0.05mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.16mn changed hands across 13 deals.
The local individuals were seen net buyers in the main bourse, which saw no trading of sovereign bonds.
The Islamic index outperformed the other indices in the main market, which saw no trading of treasury bills.
Trade turnover and volumes were on the increase in the main market, while the venture market saw declining value and volumes.
The Total Return Index gained 0.73%, All Share Index by 0.49% and Al Rayan Islamic Index (Price) by 0.83%.
The industrials sector index shot up 1.73%, real estate (1.71%), transport (0.67%) and banks and financial services (0.45%); while telecom declined 2.25%, consumer goods and services (1.41%) and insurance (0.95%).
Major movers in the main market included Inma Holding, Mannai Corporation, Estithmar Holding, Industries Qatar, Masraf Al Rayan, Qatar Islamic Bank, Alijarah Holding, Mekdam Holding, Gulf International Services, Mazaya Qatar, Barwa, United Development Company, Ezdan and Nakilat. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Zad Holding, Al Khaleej Takaful, Ooredoo, Aamal Company, Woqod, Commercial Bank, Qatar Industrial Manufacturing and Qatar National Cement were among the losers in the main market.
The Gulf institutions’ net buying enhanced substantially to QR40.62mn compared to QR20.9mn on January 2.
The foreign institutions turned net buyers to the tune of QR12.35mn against net sellers of QR0.85mn on Monday.
The Arab individuals’ net buying expanded perceptibly to QR10.82mn compared to QR8.89mn the previous day.
The foreign individuals were net buyers to the extent of QR4.94mn against net profit takers of QR1.26mn on January 2.
The local retail investors turned net buyers to the tune of QR1.64mn compared with net sellers of QR6.66mn on Monday.
The Gulf retail investors were net buyers to the extent of QR0.36mn against net profit takers of QR0.26mn the previous day.
However, the domestic funds’ net selling strengthened considerably to QR70.74mn compared to QR20.74mn on January 2.
The Arab institutions had no major net exposure for the second consecutive session.
The main market saw a 51% surge in trade volume to 115.38mn shares, 52% in value to QR398.3mn and 54% in deals to 15,212.
In the juniour bourse, trade volumes were seen declining 60% to 0.02mn equities, value by 71% to QR0.02mn and transactions by 67% to two.