Banks, transport, realty lift QSE sentiments as index jumps 82 points

The Qatar Stock Exchange Tuesday saw more than 82% of the listed constituents extend gains to investors.The banks, transport and real estate counters witnessed higher than average demand as the 20-stock Qatar Index jumped 82 points to 12,722.12 points, although it touched an intraday high of 12,789 points.The foreign institutions continued to be net buyers but with lesser intensity in the market, whose year-to-date gains were at 9.43%.The local retail investors’ weakened net selling pressure had its influence in the main bourse, whose capitalisation saw QR6.21bn or 0.88% increase to QR710.16bn, mainly on the back of mid and small cap segments.The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.14mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.19mn changed hands across 59 deals.Trade turnover declined amidst higher volumes in the main market, while the venture market saw declining trade turnover and volumes.The domestic institutions were increasingly net profit takers in the bourse, which saw no trading of sovereign bonds.The Gulf institutions were also increasingly net sellers in the main market, which saw no trading of treasury bills.The Total Return Index gained 0.65% to 26,059.03 points, Al Rayan Islamic Index (Price) by 0.57% to 2,783.49 points and All Share Index by 0.75% to 4,043.44 points.The banks and financial sector index shot up 1.23%, transport (0.92%), real estate (0.77%), telecom (0.64%), insurance (0.61%), industrials (0.58%) and consumer goods and services (0.08%).Major gainers in the main market included Ezdan, QNB, Vodafone Qatar, Inma Holding, Estithmar Holding, Masraf Al Rayan, Baladna, Gulf International Services, Aamal Company, Qatar Electricity and Water, Gulf Warehousing and Milaha. In the venture market, Mekdam Holding saw its shares appreciate in value.Nevertheless, Zad Holding, Qatari German Medical Devices, Qatar Islamic Bank, Medicare Group and Dlala were among the losers in the main market. In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.Qatari individuals’ net profit booking declined substantially to QR6.65mn compared to QR76.58mn on October 17.However, the domestic institutions’ net selling grew significantly to QR37.71mn against QR1.82mn the previous day.The Gulf institutions’ net selling expanded perceptibly to QR12.65mn compared to QR11.21mn on Monday.The Arab retail investors turned net sellers to the tune of QR0.77mn against net buyers of QR3.79mn on October 17.The Gulf individuals’ net profit booking grew marginally to QR0.12mn compared to QR0.02mn the previous day.The foreign institutions’ net buying weakened considerably to QR54.26mn against QR81.54mn on Monday.The foreign individuals’ net buying eased noticeably to QR3.64mn compared to QR4.46mn on October 17.The Arab institutions continued to have no major net exposure for the fifth consecutive session.Total trade volume in the main market soared 32% to 154.47mn shares, whereas value shrank 10% to QR419.57mn and deals by 14% to 14,267.The venture market saw a 50% reduction in trade volumes to 0.04mn equities, 57% in value to QR0.26mn and 45% in transactions to 33.