The Qatar Stock Exchange on Sunday opened the week on a stronger note, mainly on the back of strong buying interests in transport, insurance and consumer goods.
Foreign institutions continued to be bullish but with a lesser vigour as the 20-stock Qatar Index gained 0.57% to 8,930.98 points.
Doha Bank sponsored exchange traded funds QATR largely remained flat, while Masraf Al Rayan's QETF reported 1.2% decline.
Islamic stocks were seen gaining slower than the conventional ones in the market, which is up 4.78% year-to-date.
Micro and midcap stocks witnessed stronger gains, leading to a 0.53% expansion in market capitalisation to QR494.37bn.
Trade turnover and volumes were on the decline in the market, where the transport and banking sectors together accounted for more than 66% of the total volume.
The Total Return Index gained 0.57% to 15,735.59 points, the All Share Index by 0.54% to 2,614.03 points and the Al Rayan Islamic Index (Price) by 0.16% to 2,168.73 points.
The transport index soared 2.74%, followed by insurance (2.13%), consumer goods (1.24%), telecom (0.75%), banks and financial services (0.58%) and industrials (0.11%); while realty declined 0.84%.
More than 63% of the stocks extended gains with major movers being Nakilat, Qatar Insurance, Medicare Group, Woqod, Widam Food, Mazaya Qatar, Ooredoo, Doha Bank, Alijarah Holding and Industries Qatar; even as Qatar Electricity and Water, Gulf International Services, Milaha and al khaliji were among the losers.
Domestic institutions’ net selling declined substantially to QR109.87mn compared to QR397.87mn on May 31.
Local individuals’ net profit-booking weakened considerably to QR24.83mn against QR42.1mn the previous trading day.
Gulf institutions’ net selling shrank significantly to QR3.51mn compared to QR40.35mn last Thursday.
Gulf individuals were net sellers to the tune of QR7.47mn.
Non-Qatari individuals turned net sellers to the extent of QR3.99mn against net buyers of QR2.46mn on May 31.
Non-Qatari institutions’ net buying fell influentially to QR149.68mn compared to QR478.21mn the previous trading day.
Total trade volume fell 81% to 11.38mn shares, value by 89% to QR399.24mn and transactions by 75% to 3,619.
The real estate sector’s trade volume plummeted 89% to 0.48mn equities, value by 89% to QR5.62mn and deals by 77% to 192.
The transport sector reported an 84% plunge in trade volume to 3.89mn stocks, 84% in value to QR62.42mn and 62% in transactions to 1,108.
The banks and financial services sector’s trade volume tanked 83% to 3.67mn shares, value by 91% to QR221.71mn and deals by 84% to 1,051.
The market witnessed an 80% shrinkage in the insurance sector’s trade volume to 0.13mn equities, 80% in value to QR4.35mn and 89% in transactions to 37.
The telecom sector’s trade volume shrank 64% to 1.1mn stocks, value by 51% to QR32.79mn and deals by 51% to 292.
There was a 60% decline in the industrials sector’s trade volume to 1.93mn shares, 89% in value to QR59.74mn and 75% in transactions to 725.
The consumer goods sector’s trade volume fell 54% to 0.18mn equities, whereas value gained 19% to QR12.6mn despite 22% lower deals at 214.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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