Foreign institutions’ bullish outlook on Tuesday helped the Qatar Stock Exchange gain more than 37 points to overall surpass 10,250 levels.
Gulf institutions’ sustained buying support also helped the 20-stock Qatar Index settle 0.36% higher at 10,258.75 points.
Transport, industrials and insurance counters witnessed higher-than-average demand on the market, whose sensitive index is down 0.39% year-to-date.
Market capitalisation was up QR48mn or 0.08% to QR573.74bn mainly owing to small and microcap segments.
Islamic equities index (price) was, however, seen declining vis-à-vis gains in the other indices on the market, where local retail investors turned net profit takers.
Trade turnover fell amidst higher volumes on the bourse, where industrials and banking sectors together accounted for more than 71% of the total volume.
The Total Return Index grew 0.36% to 18,876.96 points and All Share Index by 0.06% to 3,126.72 points, while Al Rayan Islamic Index (Price) was down 0.03% to 2,399.56 points.
The transport index soared 1.21%, industrials (0.6%), insurance (0.47%) and banks and financial services (0.35%); whereas real estate and telecom plunged 1.92% and 1.02% respectively.
Major gainers included Nakilat, Qatar Electricity and Water, Industries Qatar, Widam Food, Qatari German Company for Medical Devices, Qatar First Bank and Qatar Oman Investment; even as Ezdan, Ooredoo, QIIB, Alijarah Holding and Dlala were among the losers.
Non-Qatari institutions turned net buyers to the tune of QR14.3mn against net sellers of QR10.68mn on April 15.
The Gulf institutions’ net buying increased influentially to QR14.06mn compared to QR4.48mn on Monday.
Non-Qatari individuals’ net buying strengthened noticeably to QR4.42mn against QR1.61mn the previous day.
Domestic institutions’ net profit booking declined significantly to QR1.07mn compared to QR25.63mn on April 15.
However, local retail investors turned net sellers to the extent of QR30.4mn against net buyers of QR29.3mn on Monday.
The Gulf individual investors were also net sellers to the tune of QR1.31mn compared with net buyers of QR0.91mn the previous day.
Total trade volume grew 25% to 18.5mn shares, while value fell 2% to QR261.82mn despite 6% higher transactions at 6,836.
The insurance sector’s trade volume rose almost five-fold to 0.98mn equities and value quadrupled to QR21.7mn on almost quadrupled deals to 450.
The industrials sector’s trade volume more than doubled to 7.18mn stocks, value soared 38% to QR78.65mn and transactions by 60% to 2,688.
The transport sector’s trade volume more than doubled to 0.54mn shares and value almost tripled to QR16.11mn on more than doubled deals to 346.
The banks and financial services sector saw 11% surge in trade volume to 6mn equities but on 20% decline in value to QR100.07mn and 6% in transactions to 1,666.
However, the consumer goods sector’s trade volume plummeted 55% to 1.04mn stocks, value by 57% to QR12.09mn and deals by 31% to 458.
There was 30% plunge in the realty sector’s trade volume to 2mn shares, 36% in value to QR25.07mn and 40% in transactions to 1,058.
The telecom sector’s trade volume was down 1% to 0.77mn equities, value by 9% to QR8.12mn and deals by 44% to 170.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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