The Qatar Stock Exchange Monday inched towards 15,000 points in the initial hours of trading but could not largely sustain the momentum as it settled mere 18 points higher than the previous day’s close.
Foreign institutions continued to be increasingly net buyers as the 20-stock Qatar Index settled 0.12% higher at 14,494.35 points, although it touched an intraday high of 14,931 points.
"A sharp positive move has been seen recently, leading to a new history high at 14,930 points. The overall technical picture is positive but there could be some correction towards the south on the short-term period due to the overbought status of the relative strength index indicators, knowing that the nearby defence lines are located at 14,160 points, 13,790 points and 13,110 points," Kamco Invest said in its technical analysis.
The Gulf institutions were also increasingly into net buying in the market, whose year-to-date gains improved to 24.67%.
The Arab funds were seen bullish in the bourse, whose capitalisation saw more than QR5bn or 0.68% jump to QR812.67bn, mainly on the back of midcap segments.
The Islamic index was seen declining vis-à-vis gains in the other indices in the market, where the banking and industrials sectors together accounted for about 67% of the trading volume.
The foreign retail investors turned net buyers in the market, which saw a total of 148,136 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.69mn changed hands across 51 deals.
Nevertheless, both Qatari individuals and institutions were increasingly net profit takers in the bourse, which saw no trading of sovereign bonds.
Total trade turnover grew amidst marginally lower volumes in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.12% to 29,573.12 points and the All Share Index by 0.53% to 4,643.07 points, while the Al Rayan Islamic Index (Price) declined 0.31% to 3,052.93 points.
The banks and financial services sector index zoomed 1.21%, telecom (0.99%), consumer goods and services (0.33%) and insurance (0.26%); whereas industrials shrank 0.78%, real estate (0.56%) and transport (0.41%).
Major gainers in the main market included QNB, Qatar First Bank, Al Khaleej Takaful, Ooredoo, Woqod, Qatar Islamic Insurance and QLM.
Nevertheless, about 60% of the traded constituents in the main market were in the red and included Investment Holding Group, Baladna, Inma Holding, Aamal Company, Salam International Investment, QIIB, Qatar Oman Investment, Qatar National Cement, Qamco, Nakilat and Industries Qatar. In the venture market, Mekdam Holding saw its shares depreciate in value.
The foreign funds’ net buying increased substantially to QR166.26mn compared to QR44.92mn on April 10.
The Gulf institutions’ net buying grew significantly to QR22.32mn against QR4.67mn the previous day.
The Arab institutions turned net buyers to the tune of QR7.03mn compared with net sellers of QR0.04mn on Sunday.
The foreign individuals were net buyers to the extent of QR1.44mn against net profit takers of QR4.43mn on April 10.
However, Qatari individuals’ net selling shot up drastically to QR101.06mn compared to QR53.66mn the previous day.
The domestic institutions’ net selling strengthened drastically to QR96.59mn against QR17.46mn on Sunday.
The Gulf individuals’ net profit booking grew perceptibly to QR2.88mn compared to QR1.93mn on April 10.
The Arab individuals’ net buying weakened considerably to QR3.47mn against QR27.94mn the previous day.
Total trade volume in the main market fell less than 1% to 297.35mn shares, while value rose 57% to QR1.59bn on more-than-doubled transactions to 40,273.
The consumer goods and services sector’s trade volume plummeted 43% to 48.64mn equities and value by 22% to QR127.53mn, while deals grew 18% to 2,546.
There was a 21% contraction in the industrials sector’s trade volume to 82.13mn stocks but on a 5% jump in value to QR330.94mn and 53% in transactions to 7,381.
However, the banks and financial services sector’s trade volume soared 75% to 115.74mn shares and value more than doubled to QR1.03bn on more-than-tripled deals to 26,489.
The transport sector reported a 58% surge in trade volume to 5.67mn equities and value by 70% to QR25.99mn on more-than-doubled transactions to 1,031.
The insurance sector’s trade volume zoomed 54% to 7.23mn stocks, value by 23% to QR18.49mn and deals by 14% to 410.
The market witnessed a 7% expansion in the real estate sector’s trade volume to 31.43mn shares, 6% in value to QR47.21mn and 45% in transactions to 1,628.
The telecom sector’s trade volume was up 4% to 6.51mn equities and value by 13% to QR16.85mn on more than doubled deals to 788.
The venture market saw 20.45% shrinkage in trade volumes to 0.35mn stocks and 17.34% in value to QR2.67mn but on 29.68% increase in transactions to 201.
Foreign institutions continued to be increasingly net buyers as the 20-stock Qatar Index settled 0.12% higher at 14,494.35 points, although it touched an intraday high of 14,931 points.
"A sharp positive move has been seen recently, leading to a new history high at 14,930 points. The overall technical picture is positive but there could be some correction towards the south on the short-term period due to the overbought status of the relative strength index indicators, knowing that the nearby defence lines are located at 14,160 points, 13,790 points and 13,110 points," Kamco Invest said in its technical analysis.
The Gulf institutions were also increasingly into net buying in the market, whose year-to-date gains improved to 24.67%.
The Arab funds were seen bullish in the bourse, whose capitalisation saw more than QR5bn or 0.68% jump to QR812.67bn, mainly on the back of midcap segments.
The Islamic index was seen declining vis-à-vis gains in the other indices in the market, where the banking and industrials sectors together accounted for about 67% of the trading volume.
The foreign retail investors turned net buyers in the market, which saw a total of 148,136 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.69mn changed hands across 51 deals.
Nevertheless, both Qatari individuals and institutions were increasingly net profit takers in the bourse, which saw no trading of sovereign bonds.
Total trade turnover grew amidst marginally lower volumes in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.12% to 29,573.12 points and the All Share Index by 0.53% to 4,643.07 points, while the Al Rayan Islamic Index (Price) declined 0.31% to 3,052.93 points.
The banks and financial services sector index zoomed 1.21%, telecom (0.99%), consumer goods and services (0.33%) and insurance (0.26%); whereas industrials shrank 0.78%, real estate (0.56%) and transport (0.41%).
Major gainers in the main market included QNB, Qatar First Bank, Al Khaleej Takaful, Ooredoo, Woqod, Qatar Islamic Insurance and QLM.
Nevertheless, about 60% of the traded constituents in the main market were in the red and included Investment Holding Group, Baladna, Inma Holding, Aamal Company, Salam International Investment, QIIB, Qatar Oman Investment, Qatar National Cement, Qamco, Nakilat and Industries Qatar. In the venture market, Mekdam Holding saw its shares depreciate in value.
The foreign funds’ net buying increased substantially to QR166.26mn compared to QR44.92mn on April 10.
The Gulf institutions’ net buying grew significantly to QR22.32mn against QR4.67mn the previous day.
The Arab institutions turned net buyers to the tune of QR7.03mn compared with net sellers of QR0.04mn on Sunday.
The foreign individuals were net buyers to the extent of QR1.44mn against net profit takers of QR4.43mn on April 10.
However, Qatari individuals’ net selling shot up drastically to QR101.06mn compared to QR53.66mn the previous day.
The domestic institutions’ net selling strengthened drastically to QR96.59mn against QR17.46mn on Sunday.
The Gulf individuals’ net profit booking grew perceptibly to QR2.88mn compared to QR1.93mn on April 10.
The Arab individuals’ net buying weakened considerably to QR3.47mn against QR27.94mn the previous day.
Total trade volume in the main market fell less than 1% to 297.35mn shares, while value rose 57% to QR1.59bn on more-than-doubled transactions to 40,273.
The consumer goods and services sector’s trade volume plummeted 43% to 48.64mn equities and value by 22% to QR127.53mn, while deals grew 18% to 2,546.
There was a 21% contraction in the industrials sector’s trade volume to 82.13mn stocks but on a 5% jump in value to QR330.94mn and 53% in transactions to 7,381.
However, the banks and financial services sector’s trade volume soared 75% to 115.74mn shares and value more than doubled to QR1.03bn on more-than-tripled deals to 26,489.
The transport sector reported a 58% surge in trade volume to 5.67mn equities and value by 70% to QR25.99mn on more-than-doubled transactions to 1,031.
The insurance sector’s trade volume zoomed 54% to 7.23mn stocks, value by 23% to QR18.49mn and deals by 14% to 410.
The market witnessed a 7% expansion in the real estate sector’s trade volume to 31.43mn shares, 6% in value to QR47.21mn and 45% in transactions to 1,628.
The telecom sector’s trade volume was up 4% to 6.51mn equities and value by 13% to QR16.85mn on more than doubled deals to 788.
The venture market saw 20.45% shrinkage in trade volumes to 0.35mn stocks and 17.34% in value to QR2.67mn but on 29.68% increase in transactions to 201.
