The Qatar Exchange yesterday treaded a flat path despite strong buying in transport, telecom and realty stocks.
Domestic institution’s buying interests were to a great extend contained by selling pressure from their foreign counterparts that the 20-stock Qatar Index (based on price data) was up mere 0.01% to 9,239.22 points.
Major gainers included Alijarah Holding, Qatari Investors Group, United Development Company, Mazaya Qatar, Ooredoo, Milaha and Nakilat; even as QNB, Industries Qatar, Gulf International Services and Vodafone Qatar bucked the trend.
Qatari Investors Group, Nakilat and Alijarah Holding were among the most active by volume and value in the market, which is up 10.53% year-to-date (YTD) but still below Dubai, Abu Dhabi and Kuwait bourses.
The 20-stock Total Return Index was up 0.01% to 13,200.73 points and Al Rayan Islamic Index 0.29% to 2,797.53 points, while All Share Index (comprising wider constituents) was down 0.15% to 2,341.33 points.
All the three indices factored in dividend income as well.
Under the All Share Index category, the transport stocks expanded 3.61%, telecom (1.75%), real estate (0.65%) and consumer goods (0.64%); whereas that of banks and financial services shrank 1.26%, industrials (0.22%) and insurance (0.14%).
Transport, telecom, industrials, consumer goods, insurance, real estate and banking sectors gained YTD 28.53%, 22.96%, 20.56%, 19.73%, 16.66%, 11.94% and 10.82% respectively.
Market capitalisation eroded 0.33% or about QR2bn to QR508.30bn mainly due to a 0.96% fall in large cap equities; while mid, micro and small caps rose 1.19%, 0.64% and 0.23% respectively.
Small, mid, large and micro cap equities have gained YTD 13.07%, 12.22%, 8.75% and 0.47% respectively.
Of the 42 stocks, 18 advanced, while 16 declined and four were unchanged. Four others were not traded.
Domestic institutions’ net buying soared to 9.27% or QR41.96mn. A higher 33.69% of them were into buying against 25.68% the previous trading day while a marginally lower 24.42% of them into selling compared to 24.71%.
Foreign institutions turned net sellers to the tune of 3.4% or QR15.39mn. A lower 15.25% of them bought equities against 19.13% last Thursday whereas a higher 18.65% offloaded compared to 15.2%.
Qatari individual investors’ net selling rose to 5.68% or QR25.71mn. A lower 35.03% of them purchased equities against 40.74% the pervious day and a lower 40.71% sold compared to 43.12%.
Non-Qatari individual investors’ profit booking fell to 0.19% or QR0.86mn. A higher 16.03% of them bought equities against 14.45% last Thursday while a marginally lower 16.22% sold compared to 16.98%.
Total trading volume was down 7% to 13.21mn shares, value by 3% to QR452.59mn and deals by 5% to 5,997.
The consumer goods and services sector’s trading volume plunged 69% to 1.30mn shares, value by 58% to QR52.21mn and transactions by 58% to 609.
The banks and financial services sector’s trading volume tanked 29% to 2.52mn shares, value by 19% to QR121.53mn and deals by 14% to 1,657.
The real estate sector’s trading volume declined 27% to 2.78mn shares, value by 28% to QR59.24mn and transactions by 25% to 779.
However, the industrials sector’s trading volume more than tripled to 3.75mn shares, value surged 92% to QR139.72mn and deals by 36% to 1,549.
The transport sector’s trading volume zoomed 98% to 2.16mn shares but value more than doubled to QR59.63mn and transactions doubled to 1,030.
The telecom sector’s trading volume expanded 94% to 0.62mn shares, value by 84% to QR16.24mn and deals by 87% to 314.
The insurance sector’s trading volume gained 17% to 0.07mn shares and value by 69% to QR4.02mn while transactions shrank 25% to 59.
Actively traded stocks (in terms of volume) were Qatari Investors Group (3.22mn shares); Nakilat (1.79mn); UDC (1.29mn); Barwa (951,504) and Alijarah Holding (746,047).
In the debt market, there was no trading of treasury bills.
Source: Caye Global News, Gulf Times
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