14/10/2014 05:15 AST
An across-the-board buying, particularly in telecom and real estate stocks, yesterday strengthened the Qatari bourse, but its key index remained below the 13,500 mark.
Local retail investors continued to be bullish as the 20-stock Qatar Index (based on price data) gained 0.46% to 13,478.12 points as volumes shrank.
Small and large caps were largely sought after in the market, which is up 29.85% year-to-date.
The index that tracks Shariah-principled stock was seen gaining much slower than the other indices in the bourse, where trading volume was largely skewed towards realty and banking stocks.
The Total Return Index rose 0.48% to 20,102.48 points, the All Share Index by 0.39% to 3,415.08 points and the Al Rayan Islamic Index by 0.06% to 4,542.05 points.
Non-Qatari retail investors were, however, seen booking profits in the market, whose capitalisation enhanced 0.39%, or about QR3bn, to QR726.11bn.
Small, large, micro and mid cap equities were seen gaining 0.68%, 0.35%, 0.31% and 0.24% respectively.
Telecom stocks soared 2.15%, followed by real estate (0.78%), insurance (0.31%), consumer goods and industrials (0.2% each), banks and financial services (0.19%) and transport (0.12%).
Major gainers included QNB, Ooredoo, Barwa, Qatar Islamic Bank, Gulf International Services, Nakilat, Ezdan, United Development Company and Widam Food.
However, Industries Qatar, Commercial Bank, Doha Bank, Alijarah Holding, Mazaya Qatar and Qatari Investors Group bucked the trend.
Qatari retail investors’ net buying rose to QR81.46mn against QR64.45mn the previous day.
Domestic institutions’ net buying fell to QR43.38mn compared to QR55.99mn on Sunday.
However, non-Qatari individual investors turned net profit-takers to the tune of QR6.75mn against net buying of QR15.15mn on October 12.
Foreign institutions’ net selling shrank to QR118.08mn compared to QR135.64mn the previous trading day.
Total trade volume was down 9% to 10.32mn shares, while value was up 1% to QR557.53mn. Transactions were down 4% to 5,623.
The insurance sector’s trade volume plummeted 40% to 0.09mn equities, value by 29% to QR7.21mn and deals by 45% to 99.
The transport sector saw its trade volume plunge 39% to 0.19mn stocks, value by 29% to QR7.81mn and transactions by 24% to 155.
The market witnessed a 35% decline in the industrials sector’s trade volume to 0.98mn shares, 27% in value to QR97.88mn and 7% in deals to 1,466.
The real-estate sector saw its trade volume fall 14% to 4.26mn equities, value by 11% to QR103.44mn and transactions by 18% to 1,130.
The banks and financial services sector’s trade volume was down 1% to 3.36mn stocks but there was a 23% rise in value to QR283.86mn and 14% in deals to 2,085.
However, the consumer goods sector’s trade volume zoomed 50% to 0.39mn shares, while value fell 4% to QR28.67mn and transactions by 7% to 297.
The telecom sector’s trade volume surged 35% to 1.04mn equities, value by 35% to QR28.66mn and deals by 4% to 391
Gulf Times
Please wait...
