Foreign and Arab institutions were increasingly net buyers in the Qatar Stock Exchange, which on Sunday opened the week on a stronger note.
The telecom counter witnessed higher than average demand as the 20-stock Qatar Index settled 26 points or 0.25% higher at 10,564.33 points, although it touched an intraday low of 10,532 points.
The domestic institutions’ weakened net selling pressure also had its role in the overall sentiments in the market, whose year-to-date gains were at 1.33%.
Trade turnover and volumes were on the decline in the bourse, where the realty, banking and consumer goods sectors together accounted for more than 89% of the total trading volume.
Islamic equities were seen gaining slower than the conventional ones in the market, whose capitalisation saw QR38mn or 0.06% jump to QR608.39bn, mainly on microcap segments.
A total of 35,031 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR203,885 changed hands across seven deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.25% to 20,309.58 points, All Share Index by 0.15% to 3,232.59 points and Al Rayan Islamic Index (Price) by 0.19% to 2,416.96 points.
The telecom index shot up 2.1%, insurance (0.27%), consumer goods and services (0.2%), transport (0.17%), industrials (0.12%) and banks and financial services (0.06%); while realty declined 0.34%.
About 57% of the traded stocks extended gains with major movers being Qatari Investors Group, Ooredoo, Inma Holding, Mannai Corporation, Qatar Electricity and Water and Medicare Group; while Alijarah Holding, Gulf International Services, Al Khaliji, Dlala, Ezdan, Mazaya Qatar and Gulf Warehousing were among the losers.
The foreign institutions’ net buying increased notably to QR6.19mn compared to QR5.85mn on December 24.
The Arab institutions’ net buying also rose markedly to QR2.13mn against QR1.67mn the previous trading day.
The foreign individuals were net buyers to the tune of QR1.91mn compared with net sellers of QR1.61mn last Thursday.
The Arab individuals turned net buyers to the extent of QR0.02mn against net sellers of QR2.16mn on December 24.
The domestic institutions’ net selling declined perceptibly to QR11.78mn compared to QR17.02mn the previous trading day.
However, the Gulf funds’ net selling increased noticeably to QR3.77mn against QR0.9mn last Thursday.
Local retail investors’ net buying weakened significantly to QR4.56mn compared to QR9.3mn on December 24.
The Gulf individuals’ net buying eased considerably to QR0.73mn against QR4.93mn the previous trading day.
Total trade volumes fell 10% to 103.95mn shares, value by 19% to QR214.22mn and transactions by 5% to 4,434.
The real estate sector’s trade volume plummeted 78% to 5.71mn equities, value by 74% to QR9.11mn and deals by 43% to 349.
The transport sector reported 66% plunge in trade volume to 1.37mn stocks, 58% in value to QR5.75mn and 39% in transactions to 134.
The insurance sector’s trade volume tanked 39% to 0.77mn shares, value by 41% to QR1.67mn and deals by 52% to 36.
There was 5% shrinkage in the industrials sector’s trade volume to 28.83mn equities, 8% in value to QR37mn and 18% in transactions to 934.
However, the telecom sector’s trade volume soared 60% to 3.25mn stocks, value by 81% to QR13.61mn and deals by 56% to 341.
The consumer goods and services sector saw 29% surge in trade volume to 31.33mn shares but on 17% decline in value to QR40.54mn despite 9% higher transactions at 1,170.
The banks and financial services sector’s trade volume 18% jump to 32.68mn equities but on 8% decline in value to QR106.55mn despite 10% higher deals at 1,470.
The domestic institutions’ weakened net selling pressure also had its role in the overall sentiments in the market, whose year-to-date gains were at 1.33%.
Trade turnover and volumes were on the decline in the bourse, where the realty, banking and consumer goods sectors together accounted for more than 89% of the total trading volume.
Islamic equities were seen gaining slower than the conventional ones in the market, whose capitalisation saw QR38mn or 0.06% jump to QR608.39bn, mainly on microcap segments.
A total of 35,031 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR203,885 changed hands across seven deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.25% to 20,309.58 points, All Share Index by 0.15% to 3,232.59 points and Al Rayan Islamic Index (Price) by 0.19% to 2,416.96 points.
The telecom index shot up 2.1%, insurance (0.27%), consumer goods and services (0.2%), transport (0.17%), industrials (0.12%) and banks and financial services (0.06%); while realty declined 0.34%.
About 57% of the traded stocks extended gains with major movers being Qatari Investors Group, Ooredoo, Inma Holding, Mannai Corporation, Qatar Electricity and Water and Medicare Group; while Alijarah Holding, Gulf International Services, Al Khaliji, Dlala, Ezdan, Mazaya Qatar and Gulf Warehousing were among the losers.
The foreign institutions’ net buying increased notably to QR6.19mn compared to QR5.85mn on December 24.
The Arab institutions’ net buying also rose markedly to QR2.13mn against QR1.67mn the previous trading day.
The foreign individuals were net buyers to the tune of QR1.91mn compared with net sellers of QR1.61mn last Thursday.
The Arab individuals turned net buyers to the extent of QR0.02mn against net sellers of QR2.16mn on December 24.
The domestic institutions’ net selling declined perceptibly to QR11.78mn compared to QR17.02mn the previous trading day.
However, the Gulf funds’ net selling increased noticeably to QR3.77mn against QR0.9mn last Thursday.
Local retail investors’ net buying weakened significantly to QR4.56mn compared to QR9.3mn on December 24.
The Gulf individuals’ net buying eased considerably to QR0.73mn against QR4.93mn the previous trading day.
Total trade volumes fell 10% to 103.95mn shares, value by 19% to QR214.22mn and transactions by 5% to 4,434.
The real estate sector’s trade volume plummeted 78% to 5.71mn equities, value by 74% to QR9.11mn and deals by 43% to 349.
The transport sector reported 66% plunge in trade volume to 1.37mn stocks, 58% in value to QR5.75mn and 39% in transactions to 134.
The insurance sector’s trade volume tanked 39% to 0.77mn shares, value by 41% to QR1.67mn and deals by 52% to 36.
There was 5% shrinkage in the industrials sector’s trade volume to 28.83mn equities, 8% in value to QR37mn and 18% in transactions to 934.
However, the telecom sector’s trade volume soared 60% to 3.25mn stocks, value by 81% to QR13.61mn and deals by 56% to 341.
The consumer goods and services sector saw 29% surge in trade volume to 31.33mn shares but on 17% decline in value to QR40.54mn despite 9% higher transactions at 1,170.
The banks and financial services sector’s trade volume 18% jump to 32.68mn equities but on 8% decline in value to QR106.55mn despite 10% higher deals at 1,470.
