The domestic institutions turned net buyers as the 20-stock Qatar Index rose 0.28% to 10,035.05 points, even as the Gulf bourses evoked mixed response, ahead of this week's US inflation data
The Qatar Stock Exchange (QSE) Monday gained more than 28 points on the back of buying interests, especially in the banking sector.
The domestic institutions turned net buyers as the 20-stock Qatar Index rose 0.28% to 10,035.05 points, even as the Gulf bourses evoked mixed response, ahead of this week's US inflation data.The Gulf individual investors were seen net buyers in the main market, whose year-to-date losses truncated further to 6.05%.The Gulf funds were seen increasingly bullish in the main bourse, whose capitalisation added QR0.69bn or 0.12% to QR587.59bn with microcap segments gaining the most.The Arab retail investors continued to be net buyers but with lesser vigour in the main market, which regained from an intraday low of 10,001 points.The foreign individuals remained bullish but with lesser intensity in the main bourse, which saw as many as 5,650 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.01mn trade across two deals.The local retail investors turned net profit takers in the main market, which saw no trading of sovereign bonds and treasury bills.The Total Return Index rose 0.28%, All Share Index by 0.21% and Al Rayan Islamic Index (Price) by 0.43% in the main bourse, whose trade turnover and volumes were on the increase.The banks and financial services sector index gained 0.71%, real estate (0.27%) and consumer goods and services (0.15%); while insurance declined 1.1%, industrials (0.51%), transport (0.26%) and telecom (0.07%).Major gainers in the main market included Widam Food, Masraf Al Rayan, Meeza, Dlala, Zad Holding, Salam International Investment and Qamco. In the venture market, Mahhar Holding saw its shares appreciate in value.Nevertheless, Beema, QLM, Qatar Insurance, Lesha Bank, Industries Qatar and Estithmar Holding were among the shakers in the main market. In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.The domestic funds turned net buyers to the tune of QR4.05mn compared with net sellers of QR10.32mn on November 12.The Gulf individuals were net buyers to the extent of QR0.47mn against net profit takers of QR2.11mn the previous day.The Gulf institutions’ net buying increased perceptibly to QR0.45mn compared to QR0.03mn on Sunday.However, the local individuals turned net sellers to the tune of QR10.88mn against net buyers of QR0.33mn on November 12.The Arab individual investors’ net buying declined markedly to QR1.67mn compared to QR5.46mn the previous day.The foreign institutions’ net buying weakened noticeably to QR3mn against QR4.26mn on Sunday.The foreign retail investors’ net buying eased perceptibly to QR1.23mn compared to QR2.34mn on November 12.The Arab institutions had no major net exposure for the seventh straight session.Trade volumes in the main market soared 39% to 170.26n shares, value by 74% to QR468.96mn and deals by 92% to 16,160.The venture market witnessed a 9% jump in trade volumes to 0.94mn equities, 40% jump in value to QR1.34mn and 81% in transactions at 107.