13/08/2014 08:23 AST
Foreign institutions’ net-bought equities worth QR171mn, helping the Qatar Stock Exchange inch near the 13,300 mark.
Buying interest was squarely visible in the real estate, transport and industrials as the 20-stock Qatar Index (based on price data) surged 1.08% to 13,279.27 points.
However, domestic institutions net selling pressure strengthened in the market, which is up 27.94% year-to-date.
The index that tracks Shariah-compliant stocks rose faster than the other indices in the market, where trading volumes expanded.
Local retail investors continued to be bearish in the bourse, where trading volumes were largely skewed towards real estate, banking and industrials stocks.
Market capitalisation rose 0.47%, or more than QR3bn, to QR698.82bn. Mid, micro, large and small-cap equities gained 1.35%, 1.09%, 0.86% and 0.62% respectively.
The 20-stock Total Return Index rose 1.08% to 19,805.91 points, the All Share Index (with wider constituents) 1.06% to 3,361.39 and the Al Rayan Islamic Index rose 1.16% to 4,580.3 points.
All the three indices factored in dividend income as well.
Realty stocks appreciated 3.05%, followed by transport (1.86%), industrials (1.02%), banks and financial services (0.91%), telecom (0.9%) and insurance (0.58%); while consumer goods were down 0.06%.
Foreign institutions’ net buying surged to QR170.83mn against QR50.83mn on Monday.
Domestic institutions’ net selling, however, increased to QR102.08mn compared to QR36.01mn the previous day.
Local retail investors’ net profit-booking enhanced to QR69.13mn against QR14.45mn on Monday.
Non-Qatari individual investors turned net buyers to the tune of QR0.38mn compared with net sellers of QR0.37mn the previous trading day.
More than 65% of the stocks extended gains with major movers being QNB, Industries Qatar, Vodafone Qatar, Commercial Bank, Doha Bank, Barwa, Mazaya Qatar, United Development Company, Aamal Company, Gulf International Services, Mesaieed Petrochemical Holding, Salam International Investments and Qatari Investors Group.
However, Qatar Islamic Bank, Islamic Holding Group, Mannai Corp, Doha Insurance and Ezdan were seen to buck the trend.
Mazaya Qatar was the most active in terms of both volume and value respectively.
Total trading volume gained 59% to 24.33mn stocks, value by 28% to QR949.58mn and transactions by 35% to 10,021.
The transport sector’s trading volume more than doubled to 1.37mn equities and value also more than doubled to QR39.01mn on more than doubled deals to 387.
The telecom sector saw its trading volume shoot up 96% to 2.31mn shares, value by 46% to QR50.78mn and transactions by 25% to 440.
The industrials sector’s trading volume soared 85% to 3.38mn stocks, value by 60% to QR261.1mn and deals by 43% to 2,962.
The banks and financial services sector reported a 67% surge in trading volume to 6.74mn equities, 9% in value to QR300.24mn and 37% in deals to 2,827.
The insurance sector’s trading volume expanded 67% to 0.5mn shares, value by 85% to QR26.19mn and transactions by 68% to 306.
The real estate sector’s trading volume gained 47% to 7.96mn stocks, value by 53% to QR198.97mn and deals by 37% to 2,189.
However, there was a less than 1% fall in the consumer goods sector’s trading volume to 2.05mn equities, 33% in value to QR73.29mn and 9% in transactions to 910.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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