The Qatar Stock Exchange on Tuesday witnessed buying interests in consumer goods and real estate sectors as it stayed afloat in the positive trajectory for the second consecutive day.
The foreign institutions continued to be net buyers but with lesser vigour as the 20-stock Qatar Index settled 15 points or 0.12% higher at 11,994.03 points, recovering from an intraday low of 11,945 points.
The local retail investors’ weakened net selling pressure had its influence in the market, whose year-to-date gains were at 14.93%.
The Gulf funds’ net selling pressure was seen easing in the market, whose capitalisation was rather flat at QR692.42bn despite gains in the microcap segments.
The foreign individuals turned net buyers, albeit at lower levels, in the bourse, where the industrials and banking sectors together constituted about 60% of the total trading volume.
The overall trade turnover and volumes were on the decline in the main market, where the Arab individuals continued to be net buyers but with lesser intensity.
As many as four of the seven sectors were under selling pressure in the market, which saw a total of 9,422 exchange traded funds.
The Total Return Index rose 0.12% to 23,742.91 points, the All Share Index by 0.03% to 3,794.93 points and the Al Rayan Islamic Index (Price) by 0.12% to 2,667.87 points in the market.
The consumer goods and services sector index gained 0.33%, realty (0.18%) and banks and financial services (0.07%); while transport declined 0.4%, insurance (0.1%), industrials (0.06%) and telecom (0.03%).
Major gainers in the main market included Qatari Investors Group, Medicare Group, Alijarah Holding, United Development Company, Woqod, Qatar Islamic Insurance, Mazaya Qatar, Ezdan, Nakilat, Commercial Bank and Qatar Islamic Bank. In the venture market, Mekdam Holding saw its shares gain.
Nevertheless, Ahlibank Qatar, Qatari German Medical Devices, Qatar Cinema and Film Distribution, Milaha, Doha Bank, Dlala, Inma Holding, Mannai Corporation, Qatar Industrial Manufacturing, Investment Holding Group, Vodafone Qatar and Gulf Warehousing were among the losers.
In the junior bourse, Al Faleh Educational Holding saw its stocks lose steam.
The Qatari individuals’ net selling fell substantially to QR30.22mn against QR70.04mn on November 15.
The Gulf institutions’ net selling weakened markedly to QR1.64mn compared to QR4.79mn the previous day.
The foreign individuals turned net buyers to the tune of QR0.01mn against net sellers of QR0.59mn on Monday.
However, the domestic funds’ net selling grew perceptibly to QR28.2mn compared to QR24.15mn on November 15.
The foreign institutions’ net buying decreased significantly to QR59.04mn against QR95.76mn the previous day.
The Arab individuals’ net buying weakened noticeably to QR1mn compared to QR2.71mn on Monday.
The Gulf individuals’ net buying eased marginally to QR0.02mn against QR1.13mn on November 15.
The Arab funds had no major net exposure compared with being net profit takers of QR0.02mn the previous day.
Total trade volume in the main market fell 18% to 110.82mn shares, value by 28% to QR323.59mn and transactions by 14% to 8,552.
The consumer goods and services sector’s trade volume plummeted 42% to 18.44mn equities, 46% in value to QR40.93mn and 36% in deals to 978.
The market witnessed a 33% plunge in the industrials sector’s trade volume to 37.8mn stocks, 33% in value to QR77.81mn and 12% in transactions to 2,182.
The insurance’s sector’s trade volume tanked 9% to 0.89mn shares, while value rose 6% to QR2.91mn despite 1% lower deals at 111.
However, there was a 44% surge in the real estate sector’s trade volume to 14.42mn equities, 25% in value to QR19.13mn and 10% in transactions to 492.
The transport sector’s trade volume soared 21% to 7.56mn stocks, while value shrank 16% to QR32.55mn and deals by 33% to 634.
The market witnessed a 9% expansion in the telecom sector’s trade volume to 3.14mn shares, 5% in value to QR10.19mn and 24% in transactions to 725.
The banks and financial services sector’s trade volume was up 4% to 28.6mn equities, whereas value declined 26% to QR140.07mn and deals by 9% to 3,430.
In the venture market, volume, value and transactions were seen dropping 31.71%, 5.72% and 17.95% respectively.