The telecom, real estate, consumer goods and industrials counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.5% to 10,128.05 points, although it touched an intraday high of 10,134 points
The Qatar Stock Exchange (QSE) yesterday opened the week on a stronger note with its key index gaining 50 points to surpass 10,100 levels.
The telecom, real estate, consumer goods and industrials counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.5% to 10,128.05 points, although it touched an intraday high of 10,134 points.
The Gulf institutions were seen net buyers in the main market, whose year-to-date losses truncated to 6.53%.
As much as 70% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR3.07bn or 0.53% to QR584.15bn on the back of mid and small cap segments.
The local retail investors’ weakened net profit booking had its influence in the main market, which saw 0.02mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.07mn trade across 12 deals.
The domestic funds continued to be net buyers but with lesser intensity in the main bourse, which saw no trading of treasury bills and sovereign bonds.
The Islamic index was seen outperforming the other indices in the main bourse, whose trade turnover fell amidst higher volumes.
The Total Return Index gained 0.5%, the All Share Index by 0.51% and the All Islamic Index by 0.83% in the main market.
The telecom sector index shot up 1.41%, realty (1.01%), consumer goods and services (0.82%), industrials (0.57%), banks and financial services (0.45%) and insurance (0.31%); while transport fell 0.17%.
Major gainers in the main bourse included Qatar National Cement, Mazaya Qatar, Mesaieed Petrochemical Holding, United Development Company, Medicare Group, Masraf Al Rayan, Woqod, Aamal Company, Qatari Investors Group, Qamco, QLM, Ezdan, Ooredoo and Vodafone Qatar. In the venture market, Al Mahhar Holding saw its shares appreciate in value.
Nevertheless, Qatar General Insurance and Reinsurance, Inma Holding, Estithmar Holding, Doha Insurance and Mannai Corporation were among the losers in the main market. In the junior bourse, Techno Q saw its shares depreciate in value.
The Gulf institutions turned net buyers to the tune of QR8.41mn compared with net sellers of QR19.79mn on July 4.
The foreign institutions’ net selling declined significantly to QR9.03mn against QR18.39mn the previous trading day.
The Qatari individual investors’ net selling shrank substantially to QR10.04mn compared to QR23.51mn last Thursday.
However, the Arab individuals were net sellers to the extent of QR3.77mn against net buyers of QR3.71mn on July 4.
The Gulf retail investors’ net profit booking grew perceptibly to QR1.58mn compared to QR0.5mn the previous day.
The Arab institutions turned net sellers to the tune of QR0.13mn against no major net exposure last Thursday.
The domestic institutions’ net buying decreased drastically to QR13.72mn compared to QR42.19mn on July 4.
The foreign retail investors’ net buying weakened markedly to QR2.41mn against QR16.29mn the previous trading day.
Trade volumes in the main market shot up 11% to 143.67mn shares, whereas value plummeted 28% to QR305.87mn and transactions by 19% to 10,137.
In the venture market, trade volumes more than quadrupled to 2.46mn equities and value almost quadrupled to QR4.58mn on almost doubled deals to 228.
