Consumer goods and industrials equities were the most sought after as the 20-stock QE Index (based on price data) rose 0.09% to 8,412.60 points. The market is, however, down 4.17% year-to-date.
Total Return Index and All Share Index (comprising wider constituents) also gained 0.11% and 0.09% to 2,024.52 and 11,385.29 points respectively. Both the indices factored in dividend income as well.
Major gainers included Doha Bank, al khaliji, Industries Qatar, Gulf Warehousing and Nakilat; even as Qatari Investors Group, Mazaya Qatar, Qatar Telecom and Vodafone Qatar bucked the trend.
Under the All Share Index category, the index of consumer goods rose 0.72%, industrials (0.24%), banks and financial services (0.23%) and transport (0.21%); whereas the indices of telecom, insurance and real estate fell 0.98%, 0.70% and 0.11% respectively.
Market capitalisation was up 0.18% or QR84mn to QR460.78bn with micro, mid and large cap equities notably gaining 0.69%, 0.24% and 0.13% respectively, whereas small caps fell 0.10%.
Of the 42 stocks, 20 advanced, while 13 declined, six were unchanged and three were not traded.
Qatari individual investors continued to be bearish but with much lesser intensity as their net selling plunged to 0.76% from 13.72% the previous day. Their net selling amounted to QR1.19mn.
A much higher 52.13% of them purchased equities compared to 39.43% on Sunday whereas a marginally lower 52.89% sold against 53.15%.
Non-Qatari retail investors turned bullish that they were net buyers to the tune of 2.38% compared with net sellers of 1.56% the previous day. Their net buying was QR3.74mn.
A marginally higher 16.98% of them were into buying against 16.79% on Sunday while a marginally lower 14.60% were into offloading against 15.23%.
Foreign institutions were increasingly profit takers as their net selling rose to 5.69% from 1.66% the previous day. Their net selling was QR8.94mn.
A lower 12.61% of them were into buying against 18.54% on Sunday and a lower 18.30% of them into selling compared to 22.20%.
Domestic institutions continued to be bullish but with lesser intensity as their net buying sunk to 4.06% from 13.83% the previous day. Their net buying was QR6.38mn.
A lower 18.28% of them bought equities compared to 25.24% on Sunday while a higher 14.22% offloaded against 11.41%.
Total trading volume shrank 30% to 3.76mn equities and value by 8% to QR157.14mn but deals rose 5% to 3,054.
The telecom sector’s trading volume plummeted 68% to 0.23mn shares, value by 70% to QR9.89mn and transactions by 21% to 235.
The real estate sector’s trading volume plunged 58% to 0.60mn shares, value by 56% to QR10.42mn and deals by 33% to 288.
The industrials sector’s trading volume tanked 52% to 0.59mn shares and value by 13% to QR35.42mn while transactions were up 3% to 619.
The transport sector’s trading volume declined 15% to 0.33mn shares and value by less than 1% to QR8.06mn but deals rose 1% to 339.
However, the insurance sector’s trading volume more than tripled to 0.25mn shares and value also more than tripled to QR11.41mn on more than doubled transactions to 179.
The banks and financial services sector’s trading volume surged 21% to 1.35mn shares, value by 36% to QR53.59mn and deals by 25% to 943.
The consumer goods and services sector’s trading volume rose 8% to 0.41mn shares, value by 27% to QR28.34mn and transactions by 10% to 451.
Actively traded stocks (in terms of volume) were Masraf Al Rayan (454,192 shares); Islamic Holding Group (377,089); Mazaya Qatar (338,288); Nakilat (228,347) and Al Khaleej Takaful (235,293).
In the debt market, there was no trading of treasury bills.
source: gulf-times.com
