The Qatar Stock Exchange on Sunday opened the week on a stronger note to cross the 9,800 levels, mainly on the back of buying interests in industrials, transport, consumer goods and telecom.
The 20-stock Qatar Index gained for the third consecutive session by 0.3% to 9,813.32 points as domestic institutions and non-Qatari individuals turned marginally bullish.
Doha Bank-sponsored exchange-traded fund QETF witnessed 0.56% gains, while Masraf Al Rayan-sponsored QATR declined 1.93%.
The Islamic equities were seen gaining much slower than the other indices in the market which is up 15.13% year-to-date.
Trade turnover and volumes were on the rise on the bourse, where industrials, banking and real estate sectors together accounted for more than 79% of the total volume.
The Total Return Index rose 0.3% to 17,289.98 points and Al Rayan Islamic Index (Price) by 0.05% to 2,334.97 points, while All Share Index were down 0.08% to 2,887.99 points.
The industrials sector index gained 1.43%, transport (0.97%), consumer goods (0.94%) and telecom (0.6%), whereas realty declined 3.56%, insurance (0.1%) and banks and financial services (0.07%).
Major movers included Qatar First Bank, Medicare Group, Al Meera Consumer Goods, Qatar National Cement, Qatar Industrial Manufacturing, Al Khaleej Takaful, Ezdan, Mazaya Qatar and Barwa; while Qatar Islamic Bank, Zad Holding, Woqod, Widam Food, Industries Qatar, Qatari Investors Group, Aamal Company, Gulf International Services, Mesaieed Petrochemical Holding, United Development Company, Vodafone Qatar and Gulf Warehousing were among the losers.
Non-Qatari individuals turned net buyers to the tune of QR1.8mn compared with net sellers of QR2.4mn on September 27.
Domestic institutions were also net buyers to the extent of QR1.03mn against net profit takers of QR61.92mn last Thursday.
The Gulf individual investors’ net buying strengthened marginally to QR0.96mn compared to QR0.15mn the previous trading day.
The Gulf institutions’ net profit booking declined influentially to QR1.87mn against QR9.49mn on September 27.
However, local individual investors’ net selling expanded perceptibly to QR33.2mn compared to QR29.92mn last Thursday.
Non-Qatari institutions’ net buying shrank significantly to QR31.24mn against QR103.54mn the previous trading day.
Total trade volume rose 37% to 9.51mn shares and value by 1% to QR311.19mn, while transactions fell 15% to 3,836.
The industrials sector’s trade volume more than tripled to 3.31mn equities, value soared 79% to QR92.79mn and deals by 28% to 1,042.
The consumer goods sector reported 54% surge in trade volume to 0.57mn stocks, 60% in value to QR73.58mn and 53% in transactions to 514.
The telecom sector’s trade volume swelled 53% to 0.49mn shares and value by 18% to QR6.94mn, while deals declined 16% to 196.
The real estate sector’ saw 44% expansion in trade volume to 1.81mn equities and 22% in value to QR28.02mn but on 26% shrinkage in transactions to 567.
However, the insurance sector’s trade volume plummeted 35% to 0.43mn stocks, value by 31% to QR16.95mn and deals by 25% to 133.
The banks and financial services sector witnessed 14% plunge in trade volume to 2.43mn shares, 41% in value to QR83.99mn and 43% in transactions to 1,056.
The transport sector’s trade volume tanked 12% to 0.45mn equities, value by 28% to QR8.93mn and deals by 3% to 328.
In the debt market, there was no trading of treasury bills and sovereign bonds.
