The Qatar Stock Exchange Monday settled marginally up with its key index gaining mere 0.04% despite strong buying at the telecom and insurance counters.
The foreign funds were seen increasingly net buyers as the 20-stock Qatar Index rose about four points to 10,443.04 points, although the index touched an intraday high of 10,489 points.
The Gulf institutions were also seen increasingly bullish in the main market, whose year-to-date losses truncated to 3.5%.
As much as 51% of the traded constituents extended gains to investors in the main bourse, whose capitalisation was up QR0.55bn or 0.09% to QR607.6bn on the back of microcap segments.
The domestic funds’ weakened net profit booking had its influence on the main market, which saw 103 exchange traded funds (sponsored by Doha Bank) valued at QR1,026 trade across a deal.
However, the Arab retail investors were seen net sellers in the main bourse, which saw no trading of treasury bills.
The foreign individuals were increasingly bearish in the main market, which saw no trading of sovereign bonds.
The Islamic index was seen outperforming the other indices in the main bourse, whose trade turnover and volumes were on the increase.
The Total Return Index was up 0.04%, the All Islamic Index by 0.17% and the All Share Index by 0.06% in the main market.
The telecom sector index shot up 1.43%, insurance (0.93%), transport (0.4%), consumer goods (0.39%) and real estate (0.27%); while industrials declined 0.18% and banks and financial services 0.14%.
Major gainers in the main bourse included Qatar General Insurance and Reinsurance, Aamal Company, Ezdan, Alijarah Holding, Ooredoo, Mannai Corporation, Qatari Investors Group, QLM, Mazaya Qatar, United Development Company, Vodafone Qatar and Nakilat.
In the venture market, Techno Q saw its shares appreciate in value.
Nevertheless, Ahlibank Qatar, QIIB, Mekdam Holding, Barwa, Widam Food, Mesaieed Petrochemical Holding and Qamco were among the losers in the main market.
In the junior bourse, Al Mahhar Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased substantially to QR16.81mn compared to QR0.31mn on September 22.
The Gulf institutions’ net buying strengthened considerably to QR5.23mn against QR1.21mn the previous day.
The domestic institutions’ net profit booking decreased noticeably to QR0.51mn compared to QR9.58mn on Sunday.
However, the Arab individuals were net sellers to the extent of QR9.63mn against net buyers of QR0.7mn on September 22.
The foreign retail investors’ net profit booking expanded perceptibly to QR7.47mn compared to QR1.16mn the previous day.
The Qatari individuals turned net sellers to the tune of QR3.88mn against net buyers of QR7.4mn on Sunday.
The Gulf retail investors were net profit takers to the extent of QR0.55mn compared with net buyers of QR1.13mn on September 22.
The Arab institutions had no major net exposure for the second straight session.
Trade volumes in the main market rose 10% to 135.93mn shares, value by 22% to QR311.74mn and transactions by 44% to 13,017.
The venture market saw a 72% plunge in trade volumes to 0.09mn equities, 74% in value to QR0.2mn and 74% in deals to 7.
The foreign funds were seen increasingly net buyers as the 20-stock Qatar Index rose about four points to 10,443.04 points, although the index touched an intraday high of 10,489 points
