The Qatar Stock Exchange on Monday inched near the 12,000 levels, mainly on the back of strong buying interests of the foreign institutions.
The Arab and Gulf individuals were seen net buyers as the 20-stock Qatar Index settled 14 points or 0.12% higher at 11,979.31 points, recovering from an intraday low of 11,944 points.
The industrials and telecom counters witnessed higher than average demand in the market, whose year-to-date gains were at 14.79%.
About 55% of the traded constituents extended gains in the market, whose capitalisation saw QR72mn or 0.1% increase to QR692.44bn, mainly owing to microcap segments.
The local retail investors were seen increasingly into net selling in the bourse, where the industrials and consumer goods sectors together constituted about 65% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, where the domestic funds were seen bearish.
The Gulf institutions turned net profit takers in the market, which saw a total of 66,806 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank sponsored QETF) valued at QR716,608 change hands across 14 deals.
The Total Return Index rose 0.12% to 23,713.76 points, the All Share Index by 0.07% to 3,793.73 points and the Al Rayan Islamic Index (Price) by 0.04% to 2,664.79 points in the market.
The industrials sector index grew 0.45%, telecom (0.17%), transport and insurance (0.1% each) and banks and financial services (0.01%); while consumer goods and services declined 0.52% and real estate (0.14%).
Major gainers in the main market included Qatari German Medical Devices, Qatar Industrial Manufacturing, Dlala, Qamco, Salam International Investment, Industries Qatar and Vodafone Qatar. In the venture market, Al Faleh Educational Holding saw its shares gain.
Nevertheless, Doha Bank, Widam Food, Gulf Warehousing, Woqod, Qatari Investors Group and Gulf International Services were among the losers in the main market; while it was Mekdam Holding in the juniour bourse.
The foreign institutions’ net buying increased considerably to QR95.76mn compared to QR6.56mn on November 14.
The Arab individuals turned net buyers to the tune of QR2.71mn against net sellers of QR8.11mn the previous day.
The Gulf individuals were net buyers to the extent of QR1.13mn compared with net sellers of QR1.22mn on Sunday.
However, the Qatari individuals’ net selling grew substantially to QR70.04mn against QR12.95mn on November 14.
The domestic funds turned net sellers to the tune of QR24.15mn compared with net buyers of QR14.03mn the previous day.
The Gulf institutions were net profit takers to the extent of QR4.79mn against net buyers of QR1.6mn on Sunday.
The foreign individuals turned net sellers to the tune of QR0.59mn compared with net buyers of QR0.1mn November 14.
The Arab institutions were seen net profit takers to the extent of QR0.02mn against no major net exposure the previous day.
Total trade volume in the main market rose 13% to 135.71mn shares, value by 70% to QR447.29mn and transactions by 75% to 9,901.
The transport sector’s trade volume grew more than six-fold to 6.25mn equities and value by eight-fold to QR38.91mn on more-than-six-fold jump in deals to 941.
The consumer goods and services sector’s trade volume soared 75% to 3.55mn stocks and value almost tripled to QR75.73mn on more-than-doubled transactions to 1,539.
The market witnessed an 18% surge in the industrials sector’s trade volume to 56.64mn shares, 32% in value to QR116.41mn and 36% in deals to 2,493.
The telecom sector’s trade volume shot up 11% to 2.89mn equities and value by 82% to QR9.72mn on more than tripled transactions to 586.
However, there was a 43% plunge in the real estate sector’s trade volume to 9.99mn stocks, 46% in value to QR15.25mn and 33% in deals to 446.
The insurance’s sector’s trade volume tanked 20% to 0.98mn shares and value by 29% to QR2.74mn, whereas transactions gained 22% to 112.
The banks and financial services sector saw a 13% shrinkage in trade volume to 27.41mn equities but on a 76% expansion in value to QR188.52mn and 84% in deals to 3,784.
In the venture market, volume, value and transactions were seen plummeting 52.69%, 64.62% and 36.07% respectively.