27/10/2014 06:15 AST
The Qatar Stock Exchange yesterday opened the week on a stronger note to cross the 13,500 mark, supported by institutional buying.
Led by transport, real estate and banking equities; the 20-stock Qatar Index (based on price data) gained 0.58% to 13,544.04 points.
More than 57% of the stocks extended gains in the market, which is up 30.49% year-to-date.
The index that tracks Shariah-principled stock was seen rising faster than the other indices in the bourse, where trading volume was largely skewed towards realty, banking and consumer goods stocks.
The Total Return Index rose 0.58% to 20,200.82 points, the All Share Index by 0.55% to 3,423.4 points and the Al Rayan Islamic Index by 0.59% to 4,548.22 points.
Market capitalisation rose 0.55%, or about QR4bn, to QR730.53bn with large, micro and mid cap equities gaining 0.66%, 0.32% and 0.3% respectively, but small caps fell 0.14%.
Transport stocks appreciated 1.63%, followed by realty (1.19%), banks and financial services (0.6%), consumer goods (0.56%) and industrials (0.27%); even as telecom and insurance fell 0.61% and 0.14% respectively.
Major gainers included QNB, Industries Qatar, Qatar Islamic Bank, Commercial Bank, United Development Company, Mazaya Qatar, Barwa and Nakilat.
However, Masraf Al Rayan, Salam International Investment, Ooredoo, Vodafone Qatar and Qatar Electricity and Water bucked the trend. United Development Company and Masraf Al Rayan continued to be the most active in terms of volume and value.
Foreign institutions’ net buying fell to QR27.9mn against QR87.01mn the previous trading day.
Domestic institutions’ net buying also fell to QR10.66mn compared to QR25.33mn on Thursday.
Non-Qatari individual investors turned net buyers to the tune of QR8.46mn against net sellers of QR1.37 last Thursday.
Qatari retail investors’ net profit-booking sunk to QR47.07mn compared to QR111.03mn on Thursday.
Total trade volume was down 13% to 11.83mn shares, value by 26% to QR459.68mn and transactions by 14% to 5,186.
The insurance sector’s trade volume plummeted 73% to 0.11mn equities, value by 75% to QR8.15mn and deals by 66% to 118.
The banks and financial services sector’s trade volume reported a 39% plunge to 1.69mn stocks; 41% in value to QR117.57mn and 29% in transactions to 1,300.
The market witnessed a 37% shrinkage in the telecom sector’s trade volume to 0.29mn shares, 39% in value to QR9.9mn and 16% in deals to 240.
The industrials sector’s trade volume tanked 29% to 0.89mn equities; value by 39% to QR85.69mn and transactions by 24% to 1,199.
The real-estate sector’s trade volume was down 9% to 6.73mn stocks and value by 4% to QR170.24mn while deals rose 7% to 1,403.
However, the transport sector’s trade volume more than quadrupled to 0.9mn stocks and value also more than quadrupled to QR24.63mn on more-than-doubled transactions to 402.
The consumer goods sector’s trade volume was up 2% to 1.23mn equities but value fell 12% to QR43.49mn and deals by 2% to 524.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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