Realty, telecom and banking stocks yesterday extended the bullish spell on the Qatar Exchange for the second day.
Institutional investors’ buying mainly lifted the 20-stock Qatar Index (based on price data) by 0.25% to 9,310.54 points, its highest close since September 2008.
More than 57% of the stocks extended gains with major movers being United Development Company (UDC), Barwa, QNB, Ooredoo, Qatar Insurance, Al Khaleej Insurance, Qatar Islamic Insurance and Masraf Al Rayan; even as Industries Qatar, Gulf International Services, Mazaya Qatar, Vodafone Qatar, Milaha, Nakilat, Doha Bank and Commercial Bank bucked the trend.
UDC, Barwa and Medicare Group were among the most active by volume and value in the market, which is up 11.38% year-to-date (YTD), but still below Dubai, Abu Dhabi and Kuwait bourses.
The 20-stock Total Return Index also gained 0.25% to 13,302.63 points, Al Rayan Islamic Index by 0.43% to 2,820.22 points and All Share Index (comprising wider constituents) by 0.31% to 2,360.18 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the insurance stocks surged 1.64%, real estate (1.23%), telecom (0.73%), banks and financial services (0.59%) and consumer goods (0.42%); whereas transport and industrials equities fell 0.53% and 0.43% respectively.
Transport, telecom, industrials, consumer goods, insurance, realty and banking sectors have gained YTD 28.38%, 23.54%, 20.72%, 20.48%, 18.34%, 14.26% and 12.23% respectively.
Market capitalisation rose 0.29% or about QR2bn to QR512.90bn with micro, large and small cap stocks gaining 1.77%, 0.5% and 0.36% respectively; while mid cap equities lost 0.2%.
Small, mid, large and micro cap equities have gained YTD 14.31%, 12.7%, 10.03% and 1.89% respectively.
Of the 42 stocks, 24 advanced, while 14 declined, one was unchanged and three were not traded.
Domestic institutions’ net buying soared to 10.9% or QR43.84mn. A marginally higher 28.28% of them were into buying against 27.63% on Monday, while a lower 17.38% of them into selling compared to 23.82%.
Foreign institutions turned net buyers to the tune of 2.12% or QR8.53mn. A higher 18.28% of them bought equities against 16.41% the previous day whereas a lower 16.16% offloaded compared to 21.94%.
However, Qatari individual investors turned net sellers to the extent of 8.93% or QR35.91mn. A lower 38.5% of them purchased equities against 41.81% on Monday, while a higher 47.43% sold compared to 40.3%.
Non-Qatari individual investors turned net profit takers to the tune of 4.11% or QR16.53mn. A marginally higher 14.93% of them bought equities against 14.16% the previous day and a higher 19.04% sold compared to 13.93%.
Total trading volume fell 18% to 13.09mn shares, value by 15% to QR402.17mn and deals by 7% to 5,538.
The transport sector’s trading volume plummeted 42% to 0.80mn shares, value by 48% to QR20.54mn and transactions by 49% to 358.
The banks and financial services sector’s trading volume plunged 40% to 2.16mn shares, value by 41% to QR87.69mn and deals by 16% to 1,292.
The real estate sector’s trading volume tanked 21% to 4.62mn shares, value by 18% to QR95.73mn and transactions by 21% to 1,013.
The industrials sector’s trading volume declined 20% to 1.09mn shares, value by 12% to QR77.09mn and deals by 24% to 924.
However, the insurance sector’s trading volume grew more than seven-fold to 0.43mn shares and value also by more than seven-fold to QR23.48mn on more than six-fold rise in transactions to 393.
The telecom sector’s trading volume surged 14% to 2.55mn shares, value by 4% to QR27.83mn and deals by 15% to 526.
The consumer goods and services sector’s trading volume gained 2% to 1.44mn shares, value by 28% to QR69.81mn and transactions by 43% to 1,032.
Actively traded stocks (in terms of volume) were Vodafone Qatar (2.52mn shares); UDC (2.02mn shares); Barwa (1.35mn); Mazaya Qatar (1.22mn) and Medicare Group (855,201).
In the debt market, there was no trading of treasury bills.
Reported by: Caye Global News, Gulf Times
Oil, Gas and Petrochemicals by Dr. Theodore, now available on these stores:
Oil – Gas Exploration & Drilling: