Foreign funds propel QSE above 11,900 points
January 05 2022 07:51 PM
QSE

An across the board buying, particularly in the industrials and telecom counters, lifted the Qatar Stock Exchange by more than 208 points and its key index settled above the 11,900 levels.
Reflecting the gains in the global oil prices, the 20-stock Qatar Index shot up 1.78% to 11,922.17 points, recovering from an intraday low of 11,686 points.
Foreign funds were seen increasingly into net buying in the market, whose year-to-date gains swelled to 2.55%.
The Islamic equities witnessed higher than average demand in the market and capitalisation grew almost QR10bn or 1.45% to QR678.51bn, mainly on the back of strong demand for large and midcap segments.
The Gulf institutions turned bullish in the bourse, which saw more than 95% of the traded constituents extend gains to investors.
However, local retail investors were seen increasingly into net profit booking in the main market, which saw a total of 22,758 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR60,015 trade across eight deals.
The Total Return Index soared 1.78% to 23,600.65points, the All Share Index by 1.45% to 3,758.85 points and the Al Rayan Islamic Index (Price) by 1.97% to 2,640.69 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials index zoomed 2.74%, telecom (2.7%), banks and financial services (1.19%), real estate (1.19%), consumer goods and services (0.53%), insurance (0.52%) and transport (0.37%).
Major gainers in the main market included Ooredoo, Industries Qatar, Baladna, Mannai Corporation, Qatar Islamic Bank, QIIB, Masraf Al Rayan, Qatar First Bank, Salam International Investment, Qatar National Cement, Aamal Company, Qamco, Mesaieed Petrochemical Holding, Gulf International Services, Mazaya Qatar, Ezdan and Vodafone Qatar. In the venture market, Al Faleh Educational Holding saw its share extend gains.
Nevertheless, Qatar General Insurance and Reinsurance was the lone loser in the main market.
In the venture market, Mekdam Holding saw its shares depreciate in value.
Foreign institutions' net buying increased substantially to QR168.08mn compared to QR30.11mn on Tuesday.
The Gulf institutions tuned net buyers to the tune of QR28.91mn against net profit takers of QR4.03mn on Tuesday.
However, local retail investors' net selling grew significantly to QR149.77mn compared to QR43.31mn the previous day.
The domestic funds were net sellers to the extent of QR24mn against net buyers of QR9.55mn on Tuesday.
The foreign individuals turned net sellers to the tune of QR17.34mn compared with net buyers of QR5.93mn on Monday.
The Arab individuals were net sellers to the extent of QR3.87mn against net buyers of QR1.35mn the previous day.
The Gulf individuals turned net profit takers to the tune of QR1.99mn compared with net buyers of QR0.39mn on Tuesday.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market grew 42% to 140.51mn shares, value by 96% to QR557.57mn and transactions by 27% to 11,411.
The telecom sector’s volume almost tripled to 4.95mn equities and value by more than five-fold to QR30.22mn on more than triple deals to 1,131.
The banks and financial services sector’s trade volume soared 85% to 35.34mn stocks and value more than doubled to 280.87mn on a 58% increase in transactions to 5,042.
There was a 40% surge in the industrials sector’s trade volume to 45.14mn shares and 59% in value to QR130.19mn but on a 17% decline in deals to 2,193.
The consumer goods and services sector’s trade volume shot up 36% to 25.37mn equities, value by 59% to QR44.9mn and transactions by 12% to 1,194.
The market witnessed an 18% expansion in the transport sector’s trade volume to 7.24mn stocks, 56% in value to QR42.17mn and 39% in deals to 833.
The real estate sector’s trade volume was up 9% to 21.37mn shares and value by 9% to QR26.18mn, whereas transactions fell 3% to 867.
However, the insurance sector reported a 16% contraction in trade volume to 1.13mn equities, 35% in value to QR3.04mn and 18% in deals to 151.
In the venture market, volume declined 12.75% to 143,181 stocks, even as value grew 70.03% to QR746,532 and transactions more than doubled to 60.



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