GulfBase Live Support
27/07/2017 08:04 AST
Non-Qatari and Gulf individual investors turned bullish yesterday amidst a marginal weakening in the Qatar Stock Exchange.
Gainers outnumbered losers even as the 20-stock Qatar Index fell 0.11% to 9,583.78 points.
Industrials and consumer goods counters witnessed robust demand in the market, whose year-to-date losses were seen at 8.17%.
Islamic stocks were seen gaining vis-à-vis declines in main index and other indices on the bourse, which was also helped by weakened net selling by local retail investors and Gulf funds.
After an initial weakening, the market touched near 9,600 points within first 10 minutes, after which there was profit booking pressure that led it to touch a low of about 9,540 points. The latter part largely saw bullish trend with occasional dips and buying was seen stronger especially in the last few minute. But, overall the index settled 11 points lower.
Micro and large cap segments saw some buying in the market, which, however, saw bearish outlook of foreign institutions and lower buying support from their domestic counterparts.
Market capitalisation was down 0.07% to QR519.28bn as small and midcap stocks fell 0.46% and 0.13%, while micro and large caps gained 0.05% and 0.04% respectively.
Trade turnover and volumes were on the decline in the bourse, where telecom, banking, industrials and real estate sectors together accounted for more than 88% of the total volumes.
The Total Return Index fell 0.11% to 16,071.43 points and All Share Index by 0.1% to 2,726 points, while Al Rayan Islamic Index rose 0.2% to 3,821.32 points.
The industrials index gained 0.39%, consumer goods (0.36%) and telecom (0.02%); whereas insurance fell 1.91%, realty (0.29%), transport (0.13%) and banks and financial services (0.05%).
Major gainers included Vodafone Qatar, Industries Qatar, Doha Bank, Commercial Bank, Qatar General Insurance and Reinsurance, QIIB, Masraf Al Rayan, Qatar National Cement, Qatar Electricity and Water, Aamal Company, Mazaya Qatar, Nakilat, Al Khaleej Takaful, Qatari German Company for Medical Devices and Al Meera.
Nevertheless, Qatar Insurance, QNB, Qatar Islamic Bank, al khaliji, Ooredoo, Gulf Warehousing, Barwa, United Development Company, Qatari Investors Group, Gulf International Services, Mesaieed Petrochemical Holding and Widam Food were among the losers.
Non-Qatari retail investors turned net buyers to the tune of QR9.42mn compared with net sellers of QR3.65mn the previous day.
The GCC (Gulf Cooperation Council) individuals were also net buyers to the extent of QR0.06mn against net sellers of QR5.54mn on July 25.
The GCC institutions’ net profit booking declined substantially to QR1.22mn compared to QR11.81mn on Tuesday.
Local retail investors’ net selling also weakened influentially to QR19.94mn against QR27.46mn the previous day.
However, non-Qatari institutions turned net sellers to the tune of QR0.08mn compared with net buyers of QR12.67mn on July 25.
Domestic institutions’ net buying declined considerably to QR11.76mn against QR35.78mn on Tuesday.
Total trade volumes fell 20% to 6.18mn shares, value by 38% to QR199.62mn and deals by 35% to 2,812.
There was 78% plunge in the transport sector’s trade volume to 0.17mn equities, 55% in value to QR7.71mn and 63% in transactions to 195.
The consumer goods sector’s trade volume plummeted 62% to 0.41mn stocks, value by 66% to QR41.78mn and deals by 58% to 426.
The industrials sector reported 33% shrinkage in trade volume to 1.12mn shares, 38% in value to QR35.03mn and 38% in transactions to 430.
The insurance sector’s trade volume tanked 16% to 0.16mn equities and value by 13% to QR10.12mn, while deals grew 19% to 137.
The banks and financial services sector saw 7% decline in trade volume to 1.48mn stocks, 16% in value to QR60.02mn and 31% in transactions to 813.
However, the real estate sector’s
Gulf Times
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
05/04/2018
Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r
The National
05/04/2018
Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti
Times of Oman
05/04/2018
Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s
Gulf News
04/04/2018
Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank
Times of Oman
04/04/2018
Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b
Gulf News