05/12/2014 06:26 AST
Qatar Stock Exchange yesterday proved resilient, reversing the bearish trends of two previous sessions, to settle 136 points higher, mainly on buying support from domestic institutions.
Telecom and industrials witnessed more than average buying interests to lift the 20-stock Qatar Index (based on price data) 1.08% to 12,748.18 points amid fall in volumes.
Local retail investors were seen brisk into profit booking in the bourse, which is, however, up 22.82% year-to-date.
Overall, trading was skewed towards realty, banks and telecom, which together accounted for about 73% of the total volume.
The Total Return Index shed 1.08% to 18,013.79 points, All Share Index by 0.94% to 3,254.65 points and Al Rayan Islamic Index by 1.18% to 4,331.49 points.
Market capitalisation swelled 0.9% or more than QR6bn to QR696.9bn with micro, small, large and mid cap stocks gaining 1.06%, 1.01%, 0.93%, 0.87% respectively.
Telecom stocks appreciated 1.51%, industrials (1.41%), consumer goods and transport (0.9% each), banks and financial services (0.84%) and realty (0.56%); while insurance was down 0.11%.
Major gainers included Industries Qatar, Vodafone Qatar, Ooredoo, Qatar Islamic Bank, International Islamic, Masraf Al Rayan, Islamic Holding Group, Gulf International Services, Mazaya Qatar, United Development Company, Ezdan and Gulf Warehousing.
However, Commercial Bank, Widam Food and Doha Insurance were seen bucking the trend.
Domestic institutions turned net buyers to the tune of QR1.92mn against net sellers of QR94.18mn the previous day.
Foreign institutions’ net buying fell to QR25.96mn compared to QR37.83mn on Wednesday.
Qatari retail investors turned net sellers to the tune of QR19.57mn against net buyers of QR45.48mn the previous day.
Non-Qatari individual investors also turned net profit takers of QR8.31mn compared with net buyers of QR10.93mn on December 3.
Total trade volume was down 9% to 9.64mn shares, value by 17% to QR565.6mn and transactions by 14% to 5,746.
The industrials sector’s trade volume plummeted 47% to 0.85mn equities, value by 51% to QR78.54mn and deals by 33% to 1,199.
The real estate sector witnessed 20% plunge in trade volume to 2.19mn stocks, 27% in value to QR59.44mn and 23% in transactions to 926.
The transport sector’s trade volume tanked 7% to 0.5mn shares, value by 3% to QR24.83mn and deals by 4% to 332.
The banks and financial services sector reported 7% shrinkage in trade volume to 2.9mn equities, 4% in value to QR300.97mn and 8% in transactions to 2,001.
However, the consumer goods sector’s trade volume shot up 94% to 1.2mn stocks, value by 11% to QR49.57mn and deals by 29% to 570.
There was 29% surge in the insurance sector’s trade volume to 0.09mn stocks, 15% in value to QR6.41mn and 41% in transactions to 178.
The telecom sector saw its trade volume gain 2% to 1.91mn equities but value shrank 11% to QR45.85mn and deals by 11% to 540.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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