The Qatar Stock Exchange on Thursday gained 34 points to surpass the 10,500 levels, mainly lifted by foreign funds’ bullish outlook.
The telecom, consumer goods, real estate and industrials counters witnessed higher-than-average demand as the 20-stock Qatar Index settled 0.32% higher at 10,538.16 points.
The buying interests of Gulf individuals and Arab institutions also helped boost sentiments in the market, whose year-to-date gains were at 1.08%.
Trade turnover and volumes were on the decline in the bourse, where the realty, banking and industrials sectors together accounted for about 73% of the total trading volume.
Islamic equities were seen gaining faster than the conventional ones in the market, whose capitalisation saw more than QR1bn or 0.42% increase to QR608.01bn, mainly on midcap segments.
A total of 65,300 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR156,633 changed hands across six deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.32% to 20,259.27 points, the All Share Index by 0.29% to 3,227.9 points and the Al Rayan Islamic Index (Price) by 0.36% to 2,412.45 points.
The telecom index shot up 1.38%, consumer goods and services (0.51%), realty (0.48%), industrials (0.41%) and banks and financial services (0.22%); while transport and insurance declined 0.3% and 0.1% respectively.
Some 60% of the traded stocks extended gains with major movers being Qatari German Medical Devices, Qatar Oman Investment, Zad Holding, Mazaya Qatar, Ooredoo, Barwa, Vodafone Qatar, Mesaieed Petrochemical Holding and Industries Qatar; even as Ahlibank Qatar, Medicare Group, Qatar Islamic Insurance, Mannai Corporation and Baladna were among the losers.
Foreign institutions turned net buyers to the extent of QR5.85mn against net sellers of QR12.68mn on December 23.
Gulf individuals’ net buying increased noticeably to QR4.93mn compared to QR0.07mn the previous day.
Arab institutions’ net buying also rose markedly to QR1.67mn against QR0.03mn on Wednesday.
However, domestic institutions’ net selling grew notably to QR17.02mn compared to QR12.72mn on December 23.
Arab individuals’ net profit booking rose perceptibly to QR2.16mn against QR1.93mn the previous day.
Foreign individuals turned net sellers to the tune of QR1.61mn compared with net buyers of QR0.19mn on Wednesday.
Gulf funds turned net sellers to the extent of QR0.9mn against net buyers of QR4.56mn on December 23.
Qataris’ net buying weakened significantly to QR9.3mn compared to QR22.4mn the previous day.
Total trade volumes fell 48% to 115.63mn shares, value by 29% to QR263.45mn and transactions by 33% to 4,680.
The industrials sector reported a 62% plunge in trade volume to 30.2mn equities, 59% in value to QR40.16mn and 45% in deals to 1,144.
The consumer goods and services sector’s trade volume plummeted 57% to 24.25mn stocks, value by 15% to QR48.56mn and transactions by 9% to 1,075.
The banks and financial services sector saw a 46% shrinkage in trade volume to 27.61mn shares, 17% in value to QR115.4mn and 34% in deals to 1,334.
The telecom sector’s trade volume shrank 40% to 2.03mn equities, value by 51% to QR7.5mn and transactions by 36% to 219.
There was a 32% contraction in the insurance sector’s trade volume to 1.27mn stocks, 62% in value to QR2.82mn and 35% in deals to 75.
The transport sector’s trade volume was down 17% to 4.04mn shares, value by 17% to QR13.85mn and transactions by 24% to 220.
However, the market witnessed a 10% jump in the real estate sector’s trade volume to 26.22mn equities but on 5% fall in value to QR35.15mn and 34% in deals to 613.
The buying interests of Gulf individuals and Arab institutions also helped boost sentiments in the market, whose year-to-date gains were at 1.08%.
Trade turnover and volumes were on the decline in the bourse, where the realty, banking and industrials sectors together accounted for about 73% of the total trading volume.
Islamic equities were seen gaining faster than the conventional ones in the market, whose capitalisation saw more than QR1bn or 0.42% increase to QR608.01bn, mainly on midcap segments.
A total of 65,300 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR156,633 changed hands across six deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.32% to 20,259.27 points, the All Share Index by 0.29% to 3,227.9 points and the Al Rayan Islamic Index (Price) by 0.36% to 2,412.45 points.
The telecom index shot up 1.38%, consumer goods and services (0.51%), realty (0.48%), industrials (0.41%) and banks and financial services (0.22%); while transport and insurance declined 0.3% and 0.1% respectively.
Some 60% of the traded stocks extended gains with major movers being Qatari German Medical Devices, Qatar Oman Investment, Zad Holding, Mazaya Qatar, Ooredoo, Barwa, Vodafone Qatar, Mesaieed Petrochemical Holding and Industries Qatar; even as Ahlibank Qatar, Medicare Group, Qatar Islamic Insurance, Mannai Corporation and Baladna were among the losers.
Foreign institutions turned net buyers to the extent of QR5.85mn against net sellers of QR12.68mn on December 23.
Gulf individuals’ net buying increased noticeably to QR4.93mn compared to QR0.07mn the previous day.
Arab institutions’ net buying also rose markedly to QR1.67mn against QR0.03mn on Wednesday.
However, domestic institutions’ net selling grew notably to QR17.02mn compared to QR12.72mn on December 23.
Arab individuals’ net profit booking rose perceptibly to QR2.16mn against QR1.93mn the previous day.
Foreign individuals turned net sellers to the tune of QR1.61mn compared with net buyers of QR0.19mn on Wednesday.
Gulf funds turned net sellers to the extent of QR0.9mn against net buyers of QR4.56mn on December 23.
Qataris’ net buying weakened significantly to QR9.3mn compared to QR22.4mn the previous day.
Total trade volumes fell 48% to 115.63mn shares, value by 29% to QR263.45mn and transactions by 33% to 4,680.
The industrials sector reported a 62% plunge in trade volume to 30.2mn equities, 59% in value to QR40.16mn and 45% in deals to 1,144.
The consumer goods and services sector’s trade volume plummeted 57% to 24.25mn stocks, value by 15% to QR48.56mn and transactions by 9% to 1,075.
The banks and financial services sector saw a 46% shrinkage in trade volume to 27.61mn shares, 17% in value to QR115.4mn and 34% in deals to 1,334.
The telecom sector’s trade volume shrank 40% to 2.03mn equities, value by 51% to QR7.5mn and transactions by 36% to 219.
There was a 32% contraction in the insurance sector’s trade volume to 1.27mn stocks, 62% in value to QR2.82mn and 35% in deals to 75.
The transport sector’s trade volume was down 17% to 4.04mn shares, value by 17% to QR13.85mn and transactions by 24% to 220.
However, the market witnessed a 10% jump in the real estate sector’s trade volume to 26.22mn equities but on 5% fall in value to QR35.15mn and 34% in deals to 613.
