Consumer goods sector witnessed maximum buying interests as the 20-stock Qatar Index settled 0.21% higher at 10,390.01points, which is up 21.9% year-to-date.
Market capitalisation grew QR29mn or 0.05% to QR581.75bn, mainly on account of midcap equities.
Non-Qatari individuals and domestic institutions were seen bullish on the market, where Islamic stocks were seen gaining faster than the other indices.
Trade turnover and volumes were on the decline on the bourse, where real estate and banking sectors together accounted for about 55% of the total volume.
The Total Return Index gained 0.21% to 18,306.04 points, All Share Index by 0.04% to 3,061.23 points and Al Rayan Islamic Index (Price) by 0.31% to 2,429.2 points.
The consumer goods index soared 1.32%, banks and financial services (0.08%), telecom (0.05%) and industrials (0.04%); while insurance declined 0.53%, transport (0.47%) and realty (0.29%).
More than 56% of the traded stocks extended gains with major movers being Woqod, Doha Bank, Barwa, Vodafone Qatar, Masraf Al Rayan, Alijarah Holding and Industries Qatar; whereas Qatar Islamic Bank, QIIB, Salam International Investment, Widam Food, Qatari Investors Group, Milaha and Nakilat were among the losers.
Non-Qatari individuals turned net buyers to the tune of QR3.63mn compared with net sellers of QR13.47mn last Thursday.
Domestic institutions were also net buyers to the extent of QR3.1mn against net profit takers of QR18.99mn on November 8.
Local individuals’ net selling declined considerably to QR14.98mn compared to QR81.87mn the previous trading day.
The Gulf institutions’ net profit booking also weakened influentially to QR3.41mn against QR5mn last Thursday.
However, non-Qatari funds’ net buying shrank significantly to QR13.32mn compared to QR118.99mn on November 8.
The Gulf individuals turned net sellers to the tune of QR1.79mn against net buyers of QR0.39mn the previous trading day.
Total trade volume fell 51% to 2.89mn shares, value by 58% to QR108.03mn and transactions by 53% to 2,136.
The industrials sector’s trade volume plummeted 75% to 0.19mn equities, value by 77% to QR7.76mn and deals by 54% to 313.
The transport sector reported 66% plunge in trade volume to 0.28mn stocks, 66% in value to QR5.57mn and 57% in transactions to 200.
The banks and financial services sector’s trade volume tanked 57% to 0.76mn shares, value by 82% to QR22.08mn and deals by 63% to 513.
There was 49% shrinkage in the real estate sector’s trade volume to 0.82mn equities, 37% in value to QR20.13mn and 57% in transactions to 306.
The telecom sector’s trade volume shrank 48% to 0.3mn stocks, value by 74% to QR4.19mn and deals by 64% to 174.
However, the consumer goods sector saw 45% surge in trade volume to 0.29mn shares and 26% in value to QR41.53mn but on 19% dip in transactions to 539.
The insurance sector’s trade volume shot up 39% to 0.25mn equities and value by 29% to QR6.76mn; whereas deals contracted 27% to 91.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Business / Business
QSE gains 22 points as consumer goods sector witnesses maximum buying interests
The Qatar Stock Exchange remained above 10,400 levels for most part of the day on Sunday although it settled below it, but overall it gained 22 points.
