Domestic funds lift sentiments in QSE as index gains 43 points; M-cap adds QR3.75bn

Reflecting the gains in the world oil markets, the Qatar Stock Exchange (QSE) on Monday rose about 43 points on the back of buying interests, especially in the banks, real estate and telecom counters.The domestic institutions were increasingly net buyers as the 20-stock Qatar Index gained 0.41% to 10,453.36 points, recovering from an intraday low of 10,414 points.The foreign funds’ weakened net profit booking had its effect in the main bourse, whose capitalisation added QR3.75bn or 0.61% to QR619.58bn primarily on the back of small and microcap segments.The foreign individuals continued to be net buyers but with lesser intensity in the main market, which saw as many as 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.06mn change hands across four deals.The Islamic index was seen gaining slower than the other indices of the main bourse, whose trade turnover and volumes were on the increase.The local individual investors were seen increasingly bearish in the main market, which saw no trading of treasury bills.The Gulf retail investors were increasingly into net profit booking in the main bourse, which saw no trading of sovereign bonds.The Total Return Index gained 0.41%, the All Islamic Index by 0.14% and the All Share Index by 0.48% in the main market.The banks and financial services group index jumped 0.85%, realty (0.78%), telecom (0.59%), consumer goods and services (0.23%) and transport (0.13%); while insurance declined 0.53% and industrials 0.09%.Major movers in the main bourse included Ezdan, QNB, Commercial Bank, Barwa and Baladna. In the venture market, both Al Mahhar Holding and Techno Q saw their shares appreciate in value.Nevertheless, as much as 56% of the traded constituents were in the red with major losers being Qatar General Insurance and Reinsurance, Al Faleh Educational Holding, Qatar German Medical Devices, Widam Food, Qatar Electricity and Water and Estithmar Holding.The domestic institutions’ net buying increased substantially to QR24.02mn compared to QR13.91mn on November 17.The foreign institutions’ net profit booking decreased significantly to QR8.81mn against QR20.43mn the previous day.However, the Qatari individuals’ net selling expanded markedly to QR12.77mn compared to QR2.19mn on Sunday.The Gulf retail investors’ net profit booking grew noticeably to QR3.75mn against QR0.07mn on November 17.The Arab individuals were net sellers to the extent of QR0.64mn compared with net buyers of QR3.31mn the previous day.The Gulf institutions turned net profit takers to the tune of QR0.53mn against net buyers of QR0.57mn on Sunday.The foreign retail investors’ net buying weakened notably to QR2.46mn compared to QR4.91mn on November 17.The Arab institutions had not major net exposure against net profit takers to the tune of QR0.02mn the previous day.Trade volumes in the main market soared 15% to 108.82mn shares, value by 44% to QR307.17mn and transactions by 70% to 13,199.The venture market saw 43% plunge in trade volumes to 0.08mn equities, 42% in value to QR0.21mn and 55% in deals to 17.