The Qatar Stock Exchange on Monday gained 25 points, although shakers outnumbered decliners.
Foreign institutions’ increased buying interests were instrumental in lifting the 20-stock Qatar Index 0.24% to 10,227.2 points, although it touched an intraday high of 10,242 points.
The Arab individuals and the Gulf funds were seen net buyers on the market, whose year-to-date losses were at 1.9%.
The Islamic stocks were seen declining vis-à-vis gains in the other indices on the bourse.
Market capitalisation saw QR54mn or 0.09% decline to QR593.77bn, mainly owing to microcap segments.
A total of 115,300 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR926,689 changed hands across 11 deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the increase on the bourse, where the banks and realty sectors together accounted for about 83% of the total trading volume.
The Total Return Index gained 0.24% to 19,661.45 points and All Share Index by 0.26% to 3,167.51 points, while Al Rayan Islamic Index (Price) was down 0.16% to 2,329.44 points.
The transport index surged 2.95%, consumer goods and services (0.61%), insurance (0.55%) and banks and financial services (0.3%); while real estate shrank 1.31%, telecom (1.02%) and industrials (0.25%).
Major gainers included Nakilat, Al Khaliji, Qatar National Cement, Milaha, Commercial Bank, Woqod and Qatar Insurance; whereas about 61% of the traded constituents extended gains with movers being Dlala, Qatar First Bank, Salam International Investment, Gulf International Services, Alijarah Holding, Qatari German Medical Devices, Qatar Electricity and Water, Qamco, Ezdan and Ooredoo.
Foreign funds’ net buying increased substantially to QR55.04mn compared to QR36.63mn on November 15.
The Arab individuals turned net buyers to the tune of QR2.37mn against net sellers of QR7.89mn the previous day.
Foreign individuals turned net buyers to the extent of QR1.24mn compared with net sellers of QR3.05mn on Sunday.
The Gulf funds were also net buyers to the tune of QR1.18mn against net sellers of QR5.68mn on November 15.
However, Qataris’ net selling grew considerably to QR40.04mn compared to QR11.69mn the previous day.
Domestic funds’ net profit booking shot up markedly to QR13.53mn against QR7.06mn on Sunday.
The Gulf individuals’ net selling strengthened notably to QR6.2mn compared to QR1.21mn on November 15.
The Arab institutions continued to have no major exposure.
Total trade volumes rose 5% to 233.26mn shares, value by 35% to QR563.91mn and transactions by 42% to 11,785.
The transport sector’s trade volume grew almost six-fold to 37.72mn equities and value by almost six-fold to QR119.76mn on about six-fold jump in deals to 2,476.
The industrials sector’s trade volume soared 24% to 30.6mn stocks, value by 49% to QR40.85mn and transactions by 33% to 1,487.
The banks and financial services sector saw 17% jump in trade volume to 51.35mn shares, 50% in value to QR193.14mn and 28% in deals to 3,744.
The consumer goods and services sector’s trade volume was up 4% to 19.57mn equities, value by 51% to QR58.18mn and transactions by 14% to 973.
However, there was 58% plunge in the insurance sector’s trade volume to 7.31mn stocks, 60% in value to QR16.65mn and 35% in deals to 327.
The telecom sector’s trade volume tanked 42% to 4.1mn shares and value by 14% to QR12.87mn; while deals shot up 55% to 488.
The real estate sector reported 21% shrinkage in trade volume to 82.62mn equities and 15% in value to QR122.47mn but on 6% growth in transactions to 2,290.
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