The Qatar Stock Exchange on Sunday opened the week on a stronger note and its key index gained 21 points, mainly on the back of transport, consumer goods and industrials sectors.
Foreign institutions were seen increasingly net buyers as the 20-stock Qatar Index settled 0.22% higher at 9,337.12 points, although it touched a high of 9,349 points intraday.
The Gulf individuals and domestic institutions turned bullish on the bourse, whose year-to-date losses were at 10.44%.
Market capitalisation saw more than QR1bn or 0.21% increase to QR545.36bn mainly owing to midcap segments.
Islamic stocks were seen gaining faster than the other indices on the market, which saw local retail investors turned net sellers.
Trade turnover and volumes were on the decline on the market, where the real estate and consumer goods sectors together accounted for more than 66% of the total trading volume.
The Total Return Index gained 0.22% to 17,950.3 points, Al Rayan Islamic Index (Price) by 0.48% to 2,102.52 points and All Share Index by 0.25% to 2,918.7 points.
The transport index shot up 1.8%, consumer goods and services (0.37%), industrials and telecom (0.34% each), and banks and financial services and realty (0.09% each); while insurance declined 0.31%.
Some 50% of the traded constituents extended gains with major movers being Nakilat, Gulf Warehousing, Qatar First Bank, Alijarah Holding, Baladna, Qatari German Medical Devices Company, Medicare Group, Widam Food, Al Meera, Qatar Electricity and Water, Qamco, Vodafone Qatar, Barwa and Mazaya Qatar; even as Ooredoo, Industries Qatar, United Development Company, Qatari Investors Group and Salam International Investment were among the losers.
Foreign institutions’ net buying strengthened marginally to QR23.94mn against QR22.81mn on July 9.
The Gulf individuals turned net buyers to the tune of QR1.07mn compared with net sellers of QR1.08mn last Thursday.
Domestic funds were also net buyers to the extent of QR0.44mn against net sellers of QR15.21mn the previous day.
The Arab institutions were net buyers to the tune of QR0.07mn, which was the same level as seen on July 9.
The Gulf institutions’ net selling declined perceptibly to QR3.13mn compared to QR4.01mn on Sunday.
Foreign individuals’ net profit booking also fell noticeably to QR1.78mn against QR2.34mn last Thursday.
However, local retail investors turned net sellers to the extent of QR12.43mn compared with net buyers of QR1.5mn on July 9.
The Arab individuals’ net profit booking grew considerably to QR8.23mn against QR1.74mn last Thursday.
Total trade volumes fell 16% to 250.39mn shares, value by 34% to QR395.77mn and transactions by 32% to 7,901.
The telecom sector reported 73% plunge in trade volume to 1.83mn equities, 79% in value to QR2.75mn and 77% in deals to 152.
The banks and financial services sector’s trade volume plummeted 52% to 39.44mn stocks, value by 64% to QR76.16mn and transactions by 55% to 1,742.
There was 31% shrinkage in the insurance sector’s trade volume to 2.53mn shares, 31% in value to QR4.57mn and 45% in deals to 94.
The industrials sector’s trade volume tanked 24% to 25.99mn equities, value by 37% to QR33.58mn and transactions by 30% to 1,064.
The market witnessed 13% contraction in the transport sector’s trade volume to 14.67mn stocks, 22% in value to QR43.46mn and 26% in deals to 749.
However, the real estate sector’s trade volume gained 9% to 102.55mn shares, while value was down 32% to QR128.69mn and transactions by 22% to 2,162.
The consumer goods and services sector saw 3% jump in trade volume to 63.38mn equities, 49% in value to QR106.57mn and 20% in deals to 1,938.
In the debt market, there was no trading of sovereign bonds and treasury bills.