The Qatar Stock Exchange on Sunday opened the week on a stronger note as its key barometer inched near the 12,000 points, mainly on the back of strong buying in the banking and industrials sectors.
The Arab individuals and Gulf funds were seen bullish as the 20-stock Qatar Index settled 32 points or 0.27% higher at 11,973.04 points, recovering from an intraday low of 11,940 points.
The domestic institutions’ weakened net selling also had its influence in the market, whose year-to-date gains were at 14.73%.
The Islamic index was seen gaining higher than the other indices in the bourse, whose capitalisation saw more than QR2bn or 0.31% increase to QR691.35bn, mainly owing to small cap segments.
The local retail investors were however seen increasingly into net buying in the market, which saw the industrials and realty sectors together constituted about 60% of the total trading volume.
The overall trade turnover and volumes were on the decline in the bourse, where the foreign institutions continued to be net buyers but with lesser intensity.
The foreign individuals were seen net buyers in the market, which saw a total of 62,491 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR171,270 changed hands across 10 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 0.27% to 23,701.36 points, All Share Index by 0.32% to 3,787.77 points and Al Rayan Islamic Index (Price) by 0.21% to 2,667.88 points.
The real estate sector index gained 0.65%, banks and financial services (0.51%), insurance (0.23%) and consumer goods and services (0.08%); while telecom and transport declined 0.09% and 0.04% respectively.
Major gainers in the main market included Zad Holding, United Development Company, Qamco, Qatar First Bank, Qatar Industrial Manufacturing, QNB, Qatar Islamic Bank, Doha Bank, Qatar Insurance, Ezdan and Vodafone Qatar.
Nevertheless, Inma Holding, Gulf International Services, Widam Food, Mannai Corporation, Baladna, Ooredoo and Milaha were among the losers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding were among the shakers.
The Arab individuals turned net buyers to the tune of QR6.84mn compared with net sellers of QR5.8mn on November 4.
The Gulf funds were net buyers to the extent of QR1.51mn against net profit takers of QR7.98mn last Thursday.
The foreign individuals turned net buyers to the tune of QR1.4mn compared with net sellers of QR1.3mn the previous day.
The domestic funds’ net selling weakened perceptibly to QR22.46mn against QR24.87mn on November 4.
However, Qatari individuals’ net selling grew considerably to QR34.68mn compared to QR24.76mn last Thursday.
The Gulf individuals’ net profit booking strengthened markedly to QR1.24mn against QR0.14mn the previous trading day.
The Arab institutions were net sellers to the tune of QR0.03mn compared with net no major net exposure on November 4.
The foreign funds’ net buying shrank noticeably to QR48.64mn against QR15.38mn last Thursday.
Total trade volume in the main market fell 24% to 135.17mn shares, value by 26% to QR342.93mn and transactions by 34% to 6,908.
There was 47% plunge in the telecom sector’s trade volume to 4.29mn equities, 35% in value to QR12.68mn and 4% in deals to 413.
The consumer goods and services sector’s trade volume plummeted 38% to 22.57mn stocks, value by 23% to QR38.29mn and transactions by 19% to 780.
The banks and financial services sector saw 31% shrinkage in trade volume to 21.33mn shares, 38% in value to QR106.35mn and 48% in deals to 2,351.
The transport sector’s trade volume tanked 24% to 4.4mn equities, value by 21% to QR28.553mn and transactions by 11% to 429.
The market witnessed 23% contraction in the industrials sector’s trade volume to 50.43mn stocks, 25% in value to QR100.57mn and 30% in deals to 1,907.
However, the insurance sector reported 26% surge in trade volume to 1.67mn shares and 10% in value to QR5.14mn but on 13% dip in transactions to 127.
The real estate sector’s trade volume was up 1% to 30.48mn equities and value by 9% to QR51.37mn, while deals shrank 20% to 901.
In the venture market, the volume, value and transactions were seen expanding 62.18%, 4.95% and 28% respectively.