QATAR: The Qatar Exchange yesterday opened the week on a stronger note…

The Qatar Exchange yesterday opened the week on a stronger note, mainly due to robust buying interests from local retail investors.

Realty, transport and banking stocks particularly came under buying spotlight as the 20-stock Qatar Index (based on price data) gained for the second day by 0.42% to 8,785.53 points.

Foreign institutions were seen paring their exposure in the market, which is up 5.10% year-to-date (YTD).

About 67% of the stocks extended gains with major movers being United Development Company, Barwa, QNB, Doha Bank, Alijarah Holding, Qatari Investors Group, Gulf Warehousing and Milaha; even as Industries Qatar (IQ) and Vodafone Qatar bucked the trend.

The 20-stock Total Return Index also gained 0.42% to 12,552.51 points, All Share Index (comprising wider constituents) by 0.36% to 2,238.71 points and Al Rayan Islamic Index by 0.87% to 2,677.50 points. All the three indices factored in dividend income as well.

Under the All Share Index category, the real estate index expanded 2.58%, transport (1.29%), insurance (0.57%), banks and financial services (0.48%) and consumer goods (0.13%); while that of industrials and telecom fell 0.29% and 0.06% respectively.

Industrials, telecom, transport, consumer goods, insurance and banking sectors outperformed the key indices with them gaining YTD 21.22%, 15.4%, 13.57%, 13.39%, 6.01% and 5.55% respectively; even as realty index was down 0.08%.

Market capitalisation rose 0.3% or more than QR1bn to QR485.42bn with micro, small and mid cap equities notably gaining 1.49%, 1.1% and 0.5% respectively.

Large, mid and small cap equities have gained YTD 5.07%, 4.82% and 4.46% respectively; while micro caps tanked 3.16%.

Of the 42 stocks, 28 advanced, while nine declined, three unchanged and two were not traded.

Qatari individual investors turned net buyers to the tune of 5.18% or QR17.56mn. A much higher 46.28% of them purchased equities against 28.94% the previous trading day although a higher 41.1% sold compared to 35.78%.

Foreign institutions’ net buying fell to 1.86% or QR6.30mn. A much lower 19.18% of them bought equities against 42.27% last Thursday and a much lower 17.32% offloaded compared to 28.59%.

Domestic institutions’ net selling surged to 5.52% or QR18.71mn. A marginally lower 19.81% of them were into buying against 19.98% the previous day whereas a higher 25.33% of them into selling compared to 21.47%.

Non-Qatari individual investors’ net profit booking sunk to 1.53% or QR5.19mn. A higher 14.73% of them bought equities against 8.82% last Thursday and a higher 16.26% sold compared to 14.15%.

Total trading volume gained 37% to 11.05mn shares, value by 6% to QR338.94mn and deals by 25% to 4,664.

The insurance sector’s trading volume grew five-fold to 0.05mn shares and value almost quadrupled to QR2.18mn on more than tripled transactions to 58.

The consumer goods and services sector’s trading volume more than doubled to 1.93mn shares, value surged 24% to QR50.31mn and deals by 28% to 610.

The real estate sector’s trading volume soared 81% to 4.62mn shares, value by 85% to QR88.67mn and transactions by 53% to 1,057.

The banks and financial services sector’s trading volume expanded 81% to 2.26mn shares, value by 45% to QR96.29mn and deals by 66% to 1,273.

However, the telecom sector’s trading volume plunged 47% to 0.64mn shares, value by 36% to QR11.84mn and transactions by 19% to 277.

The transport sector’s trading volume tanked 41% to 0.85mn shares, value by 36% to QR23.94mn and deals by 4% to 567.

The industrials sector’s trading volume shrank 20% to 0.71mn shares, value by 40% to QR65.71mn and transactions by 2% to 822.

Actively traded stocks (in terms of volume) were UDC (3.37mn shares); Qatari German Company for Medical Devices (1.49mn); Barwa (902,953); Nakilat (626,762) and Vodafone Qatar (585,644).

In the debt market, there was no trading of treasury bills.

Source: Caye Global News, Gulf Times

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