27/03/2014 06:58 AST
Real estate and industrials stocks yesterday extended the bullish run on the Qatar Exchange for the second day.
Local retail investors’ increased net buying was seen instrumental in lifting the 20-stock Qatar Index (based on price index) by another 0.19% to 11,331.46 points.
Mid and small-cap equities witnessed the maximum buying interests, leading to about QR4bn addition in capitalisation.
Amid their lower exposure, both domestic and foreign institutions continued to be net sellers in the market, which is up 9.17% year-to-date.
The index that tracks Shariah-principled stocks was seen to gain faster than the other indices in the bourse. Trading volumes rose and overall it was skewed towards industrials and realty sectors.
The 20-stock Total Return Index rose 0.19% to 16,754.55 points, the All Share Index (with wider constituents) by 0.2% to 2,903.21 and the Al Rayan Islamic Index by 0.59% to 3,494.13 points.
All the three indices factored in dividend income as well.
Realty stocks appreciated 0.89%, followed by industrials (0.33%), banks and financial services (0.17%) and telecom (0.01%), whereas consumer goods fell 0.21%, insurance 0.12% and transport lost 0.05%.
Major gainers included Industries Qatar, QNB, Mesaieed Petrochemical Holding Company, Barwa, Qatar Islamic Bank, Doha Bank, Qatari Investors Group and Gulf International Services.
However, Commercial Bank, Mazaya Qatar and Nakilat were seen to buck the trend.
Market capitalisation rose 0.61% to QR634.8bn. Mid, small, micro and large cap equities gained 0.31%, 0.19%, 0.12% and 0.07% respectively.
Qatari retail investors’ net buying was QR10.68mn compared to QR8.22mn the previous day.
Foreign institutions’ net buying amounted to QR31.26mn against QR31.66mn on Tuesday.
Non-Qatari individual investors’ net profit-booking amounted to QR4.59mn compared to QR3.92mn the previous day.
Domestic institutions’ net selling stood at QR37.35mn against QR35.96mn on Tuesday.
Total trading volume rose 7% to 16.73mn stocks, value by 12% to QR716.88mn and transactions by 8% to 9,634.
The consumer goods sector’s trading volume almost tripled to 1.9mn equities and value also almost tripled to QR124.66mn on doubled deals to 1,093.
The telecom sector saw its trading volume surge 28% to 0.55mn shares but on a 7% fall in value to QR10.26mn. Transactions gained 18% to 247.
The industrials sector’s trading volume soared 25% to 6.75mn stocks, value by 17% to QR304.24mn and deals by 7% to 4,785.
However, the transport sector’s trading volume plummeted 45% to 0.45mn equities, value by 68% to QR8.95mn and transactions by 52% to 189.
The insurance sector saw its trading volume plunge 28% to 0.13mn shares, value by 11% to QR6.23mn and deals by 30% to 143.
The real estate sector’s trading volume tanked 19% to 5mn stocks, value by 7% to QR147.48mn and transactions by 12% to 1,567.
The banks and financial services sector reported a 1% fall in trading volume to 1.95mn stocks and 16% in value to QR115.06mn but on a 6% expansion in deals to 1,610.
Gulf Times
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