05/11/2014 00:30 AST
Qatar Stock Exchange yesterday continued its winning streak for the third straight session but failed to break the 13,800 level.
Domestic institutions’ buying interests largely led the 20-stock Qatar Index (based on price data) gain 0.14% to 13,799.29 points.
Foreign institutions continued to be bullish but with lesser vigour in the market, which is up 32.95% year-to-date.
The index that tracks Shariah-principled stock was seen melting against gains in the other indices in the bourse, where trading volume was largely skewed towards realty and telecom stocks.
The Total Return Index rose 0.14% to 20,581.51 points and All Share Index by 0.2% to 3,482.34 points, while Al Rayan Islamic Index fell 0.26% to 4,572.6 points.
Market capitalisation expanded 0.25% or about QR2bn to QR744.9bn.
Transport stocks appreciated 0.88%, consumer goods (0.39%), industrials (0.26%), banks and financial services (0.19%), real estate (0.18%) and insurance (0.13%); whereas telecom fell 0.73%.
Major movers included QNB, Mazaya Qatar, Barwa, Nakilat, Gulf International Services and Mesaieed Petrochemical Holding.
However, Industries Qatar, Commercial Bank, International Islamic, Vodafone Qatar, Untied Development Company, Dlala and Qatari Investors Group bucked the trend.
Domestic institutions turned net buyers to the tune of QR18.49mn compared to net sellers of QR19.1mn on November 3.
Foreign institutions’ net buying weakened to QR14.48mn against QR125.57mn on Monday.
Qatari retail investors’ net selling fell to QR35.8mn compared to QR56.52mn the previous day.
Non-Qatari individual investors turned net buyers to the extent of QR2.83mn against net profit takers of QR49.95mn on Monday.
Total trade volume was down 6% to 11.37mn shares, value by 25% to QR495.84mn and transactions by 13% to 5,550.
The insurance sector’s trade volume plummeted 61% to 0.2mn equities, value by 64% to QR10.03mn and deals by 54% to 120.
The consumer goods sector saw its trade volume plunge 32% to 0.83mn stocks, value by 11% to QR31.72mn and transactions by 5% to 361.
The banks and financial services sector reported 26% slippage in trade volume to 1.87mn shares, 39% in value to QR144.65mn and 24% in deals to 1,513.
The telecom sector’s trade volume was down less than 1% to 2.06mn equities, value by 19% to QR51.07mn and transactions by 1% to 619.
However, the transport sector’s trade volume shot up 45% to 1.22mn stocks, value by 16% to QR45.94mn and deals by 13% to 473.
The market witnessed 5% gain in the real estate sector’s trade volume to 3.58mn stocks and 5% in value to QR91.73mn but on 9% fall in transactions to 980.
The industrials sector’s trade volume was up 3% to 1.51mn equities while value tanked 31% to QR120.7mn and deals by 11% to 1,484.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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