The Qatar Stock Exchange Sunday opened the week on a stronger note and its key index gained 21 points, mainly on foreign institutions’ stronger net buying interests.
Gulf institutions were seen increasingly into net buying as the 20-stock Qatar Index settled 0.19% higher at 10,828.08 points, recovering from an intraday low of 10,794 points.
The realty, insurance, industrials, consumer goods and transport counters witnessed higher than average demand on the market, whose year-to-date gains improved to 3.76%.
About 61% of the traded constituents extended gains on the bourse, whose capitalisation saw more than QR1bn or 0.19% increase to QR627.65mn, mainly owing to microcap segments.
Local retail investors’ net profit booking weakened on the market, which saw the industrials and real estate sectors together constitute about 67% of the total trading volume.
The overall trade turnover declined amidst higher volumes on the bourse, where Islamic equities were seen gaining faster than the other indices.
Domestic funds were seen net profit takers on the market, which saw a total of 13,830 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR34,272 changed hands across five deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.19% to 21,434.83 points, All Share Index by 0.18% to 3,433.62points and Al Rayan Islamic Index (Price) by 0.27% to 2,483.8 points.
The realty sector index soared 1.49%, insurance (0.59%), industrials (0.46%), consumer goods and services (0.26%) and transport (0.24%); while telecom declined 0.58% and banks and financial services (0.04%).
Major gainers included Mazaya Qatar, Qatari German Medical Devices, Qatar Islamic Insurance, Al Khaleej Takaful, United Development Company, Alijarah Holding, Medicare Group, Widam Food and Gulf International Services; even as Ooredoo, Vodafone Qatar, Investment Holding Group, Doha Bank and Dlala were among the losers.
Foreign funds’ net buying increased markedly to QR29.73mn compared to QR19.55mn on July 1.
The Gulf institutions’ net buying strengthened notably to QR5.1mn against QR0.9mn the previous trading day.
Qatari individuals’ net selling declined significantly to QR0.81mn compared to QR16.29mn last Thursday.
The Gulf individuals’ net profit booking eased marginally to QR0.19mn against QR0.94mn on July 1.
However, domestic funds’ net selling grew substantially to QR27.24mn compared to QR3.91mn the previous day.
Foreign individuals were net sellers to the extent of QR6.63mn against net buyers of QR0.14mn last Thursday.
The Arab individuals’ net buying weakened perceptibly to QR0.04mn compared to QR0.55mn on July 1.
The Arab institutions continued to have no major net exposure for the third straight session.
Total trade volume rose 6% to 162.76mn shares, while value fell 3% to QR324.02mn and transactions by 20% to 6,664.
The real estate sector’s trade volume more than doubled to 47.51mn equities and value almost doubled to QR60.68mn on 73% increase in deals to 1,504.
The insurance sector’s trade volume soared 78% to 2.19mn stocks and value almost doubled to QR8.39n on more than doubled transactions to 241.
The transport sector reported 73% surge in trade volume to 4.56mn shares and 79% in value to QR16.26mn but on 34% decline in deals to 265.
The industrials sector’s trade volume shot up 10% to 61.11mn equities and value by 11% to QR120.71mn, while transactions shrank 18% to 1,795.
However, there was 64% plunge in the telecom sector’s trade volume to 2.74mn stocks, 68% in value to QR9.78mn and 57% in transactions to 490.
The consumer goods and services sector’s trade volume plummeted 39% to 27.36mn shares, value by 17% to QR52.02mn and deals by 15% to 1,322.
The banks and financial services sector saw 13% shrinkage in trade volume to 17.29mn equities, 37% in value to QR56.19mn and 49% in transactions to 1,047.
Gulf institutions were seen increasingly into net buying as the 20-stock Qatar Index settled 0.19% higher at 10,828.08 points, recovering from an intraday low of 10,794 points.
The realty, insurance, industrials, consumer goods and transport counters witnessed higher than average demand on the market, whose year-to-date gains improved to 3.76%.
About 61% of the traded constituents extended gains on the bourse, whose capitalisation saw more than QR1bn or 0.19% increase to QR627.65mn, mainly owing to microcap segments.
Local retail investors’ net profit booking weakened on the market, which saw the industrials and real estate sectors together constitute about 67% of the total trading volume.
The overall trade turnover declined amidst higher volumes on the bourse, where Islamic equities were seen gaining faster than the other indices.
Domestic funds were seen net profit takers on the market, which saw a total of 13,830 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR34,272 changed hands across five deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.19% to 21,434.83 points, All Share Index by 0.18% to 3,433.62points and Al Rayan Islamic Index (Price) by 0.27% to 2,483.8 points.
The realty sector index soared 1.49%, insurance (0.59%), industrials (0.46%), consumer goods and services (0.26%) and transport (0.24%); while telecom declined 0.58% and banks and financial services (0.04%).
Major gainers included Mazaya Qatar, Qatari German Medical Devices, Qatar Islamic Insurance, Al Khaleej Takaful, United Development Company, Alijarah Holding, Medicare Group, Widam Food and Gulf International Services; even as Ooredoo, Vodafone Qatar, Investment Holding Group, Doha Bank and Dlala were among the losers.
Foreign funds’ net buying increased markedly to QR29.73mn compared to QR19.55mn on July 1.
The Gulf institutions’ net buying strengthened notably to QR5.1mn against QR0.9mn the previous trading day.
Qatari individuals’ net selling declined significantly to QR0.81mn compared to QR16.29mn last Thursday.
The Gulf individuals’ net profit booking eased marginally to QR0.19mn against QR0.94mn on July 1.
However, domestic funds’ net selling grew substantially to QR27.24mn compared to QR3.91mn the previous day.
Foreign individuals were net sellers to the extent of QR6.63mn against net buyers of QR0.14mn last Thursday.
The Arab individuals’ net buying weakened perceptibly to QR0.04mn compared to QR0.55mn on July 1.
The Arab institutions continued to have no major net exposure for the third straight session.
Total trade volume rose 6% to 162.76mn shares, while value fell 3% to QR324.02mn and transactions by 20% to 6,664.
The real estate sector’s trade volume more than doubled to 47.51mn equities and value almost doubled to QR60.68mn on 73% increase in deals to 1,504.
The insurance sector’s trade volume soared 78% to 2.19mn stocks and value almost doubled to QR8.39n on more than doubled transactions to 241.
The transport sector reported 73% surge in trade volume to 4.56mn shares and 79% in value to QR16.26mn but on 34% decline in deals to 265.
The industrials sector’s trade volume shot up 10% to 61.11mn equities and value by 11% to QR120.71mn, while transactions shrank 18% to 1,795.
However, there was 64% plunge in the telecom sector’s trade volume to 2.74mn stocks, 68% in value to QR9.78mn and 57% in transactions to 490.
The consumer goods and services sector’s trade volume plummeted 39% to 27.36mn shares, value by 17% to QR52.02mn and deals by 15% to 1,322.
The banks and financial services sector saw 13% shrinkage in trade volume to 17.29mn equities, 37% in value to QR56.19mn and 49% in transactions to 1,047.
