Buying interests, especially in the banking counter, on Tuesday lifted the Qatar Stock Exchange (QSE) more than 45 points, a day after it hit a seven-month low.

Gulf Times


The domestic institutions were seen increasingly net buyers as the 20-stock Qatar Index gained 0.48% to 9,376.88 points although it hit an intraday high of 9,417 points.

The foreign retail investors turned bullish in the main market, whose year-to-date losses truncated to 13.42%.

More than 47% of the traded constituents extended gains in the main bourse, whose capitalisation added QR1.34bn or 0.25% to QR542.47bn on account of midcap segments.

The Gulf individuals were increasingly net buyers in the main market, which saw 0.26mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.6mn trade across 17 deals.

The foreign institutions’ weakened net profit booking had its influence in the main bourse, which saw no trading of sovereign bonds.

The local retail investors continued to be net buyers but with lesser intensity in the main market, which saw no trading of treasury bills.

The Islamic index was seen gaining slower than the main barometer in the main bourse, whose trade turnover and volumes were on the decrease.

The Total Return Index rose 0.48%, the All Share Index by 0.35% and the All Islamic Index by 0.43% in the main market.

The banks and financial services sector index gained 0.84%, transport (0.44%) and industrials (0.1%); while consumer goods and services declined 0.9%, real estate (0.57%), insurance (0.41%) and telecom (0.35%).

Major gainers in the main market included Qatar General Insurance and Reinsurance, Qatar Islamic Bank, Doha Insurance, Qatar Oman Investment, Widam Food and Milaha. In the venture market, Al Mahhar Holding saw its shares appreciate in value.

Nevertheless, Qatar German Medical Devices, Al Khaleej Takaful, Qatar Insurance, Estithmar Holding, Woqod, Zad Holding, United Development Company and Gulf Warehousing were among the losers in the main bourse.

The domestic institutions’ net buying expanded noticeably to QR34.44mn compared to QR23.24mn on May 27.

The foreign individuals turned net buyers to the tune of QR1.78mn against net sellers of QR1.3mn the previous day.

The Gulf individual investors’ net buying increased perceptibly to QR1.03mn compared to QR0.24mn on Monday.

The foreign institutions’ net profit booking weakened markedly to QR57.41mn against QR59.84mn on May 27.

However, the Gulf institutions’ net selling strengthened notably to QR7.7mn compared to QR5.74mn the previous day.

The Arab retail investors were net sellers to the extent of QR2.18mn against net buyers of QR4.27mn on Monday.

The Arab institutions turned net sellers to the tune of QR0.01mn compared with net buyers of QR0.44mn on May 27.

The Qatari individual investors’ net buying eased markedly to QR30.07mn against QR38.69mn the previous day.

Trade volumes in the main market fell 26% to 105.13mn shares and value by 11% to QR397.43mn, while transactions were up 3% to 17,339.

The venture market saw 62% contraction in trade volumes to 0.05mn equities, 64% in value to QR0.08mn and 64% in deals to 4.
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