Realty, insurance, banks lift QSE above 11,800 points

The Qatar Stock Exchange on Tuesday gained 73 points to cross the 11,800 levels, mainly lifted by the real estate, insurance and banking sectors.The foreign institutions continued to be net buyers but with lesser intensity even as the 20-stock Qatar Index settled 0.63% higher at 11,826.31 points, even as it touched an intraday high of 11,856 points.The net selling pressure from the domestic funds and foreign individuals were on the decline in the bourse, whose year-to-date gains were at 13.32%.The Gulf individuals continued to be net buyers but with lesser vigour in the market, whose capitalisation saw more than QR4bn or 0.65% increase to QR682.82bn, mainly owing to large cap segments.The Arab individuals were seen net profit takers in the bourse, where the industrials sector alone constituted more than 55% of the total trading volume.The overall trade turnover and volumes were on the increase in the main market, where the Gulf funds continued to be net buyers but with lesser intensity.The local retail investors were seen bearish in the market, which saw a total of 27,890 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR126,081 change hands across 10 deals.The Total Return Index gained 0.63% to 23,410.9 points, All Share Index by 0.63% to 3,742.87 points and Al Rayan Islamic Index (Price) by 0.62% to 2,635.75 points in the market, which saw no trading of sovereign bonds and treasury bills.The realty sector index soared 1.18%, insurance (0.96%), banks and financial services (0.81%), transport (0.58%), industrials (0.26%) and consumer goods and services (0.19%); while telecom was down 0.04%.More than 71% of the traded constituents in the main market extended gains with major movers being Gulf International Services, Aamal Company, Mannai Corporation, Qamco, Doha Insurance, QNB, Masraf Al Rayan, Dlala, QLM, Barwa, Mazaya Qatar and Nakilat.Nevertheless, Qatar Industrial Manufacturing, Gulf Warehousing, Medicare Group, Industries Qatar and Doha Bank were seen losers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares lose steam.The domestic funds’ net selling decreased drastically to QR11.43mn compared to QR93.68mn on November 1.The foreign individuals’ net selling also declined perceptibly to QR3.93mn against QR5.81mn the previous day.However, Qatari individuals were net sellers to the extent of QR21.91mn compared with net buyers of QR35.59mn on Monday.The Arab individuals turned net sellers to the tune of QR9.04mn against net buyers of QR2.84mn on November 1.The foreign institutions’ net buying shrank markedly to QR41.46mn compared to QR49.62mn the previous day.The Gulf institutions’ net buying weakened noticeably to QR4.24mn against QR10.58mn on Monday.The Gulf individuals’ net buying eased marginally to QR0.61mn compared to QR0.85mn on November 1.The Arab institutions continued to have no major net exposure for the fourth straight session.Total trade volume in the main market grew 34% to 218.42mn shares, value by 7% to QR600.88mn and transactions by 1% to 13,015.The industrials sector’s trade volume more than doubled to 120.36mn equities and value also more than doubled to QR252.68mn on 44% increase in deals to 3,977.There was 38% surge in the insurance’s sector’s trade volume to 1.5mn stocks, 10% in value to QR3.97mn and 69% in transactions to 167.The consumer goods and services sector’s trade volume grew 7% to 27.28mn shares and value by 6% to QR52.43mn, while deals were down 1% to 1,164.The telecom sector’s trade volume was up 6% to 3.3mn equities, value by 53% to QR13.84mn and transactions by 86% to 640.However, the market witnessed 31% plunge in the real estate sector’s trade volume to 19.58mn stocks, 36% in value to QR28.44mn and 9% in deals to 744.The transport sector’s trade volume tanked 19% to 15.1mn shares and value by 36% to QR81.39mn, whereas transactions were up 1% to 1,435.The banks and financial services sector saw 13% shrinkage in trade volume to 31.3mn equities, 17% in value to QR168.13mn and 22% in deals to 4,833.In the venture market, volume, value and transactions were seen tumbling 74.28%, 78.84% and 63.16% respectively.