18/11/2014 05:35 AST
Monday witnessed Qatar stocks extending gains for the second day, albeit at lower levels, led by insurance, consumer goods and transport sectors.
Buying interests from local and foreign retail investors lifted the 20-stock Qatar Index (based on price data) 0.13% to 13,762.76 points .
Micro and mid cap equities witnessed stronger buying interests in the market, which is up 32.59% year-to-date.
The index that tracks Shariah-principled stock was seen gaining faster than the other indices in the bourse, where realty, banks and consumer goods together accounted for about 71% of the total trading volume.
The Total Return Index was up 0.13% to 20,527.03 points, All Share Index by 0.2% to 3,489.62 points and Al Rayan Islamic Index by 0.67% to 4,692.86 points.
Market capitalisation rose 0.23% or about QR2bn to QR745.61bn with micro, mid and large cap equities gaining 1.12%, 0.78% and 0.14% respectively; while small caps were down 0.2%.
Insurance stocks appreciated 1.26%, consumer goods (1.16%), transport (0.72%), real estate (0.32%) and banks and financial services (0.25%); whereas industrials and telecom shrank 0.36% and 0.06% respectively.
Major movers being Industries Qatar, Barwa, International Islamic, al khaliji, Islamic Holding, Widam Food, Al Meera, Al Khaleej Takaful and Gulf Warehousing.
However, Qatar Islamic Bank, Alijarah Holding, Qatari Investors Group, Gulf International Services, Mazaya Qatar and Ezdan bucked the trend.
Qatari retail investors turned net buyers to the tune of QR44.42mn against net sellers of QR21.98mn the previous day.
Non-Qatari individual investors’ net buying rose to QR11.91mn compared to QR3.96mn on Sunday.
However, foreign institutions turned net profit takers to the extent of QR32.06mn against net buyers of QR31.65mn on November 16.
Domestic institutions’ net selling rose to QR24.38mn compared to QR13.69mn the previous day.
Total trade volume expanded 70% to 17.16mn shares, value by 77% to QR1.11bn and transactions by 34% to 8,489.
The insurance sector’s trade volume almost tripled to 0.94mn equities and value more than doubled to QR50.72mn on more than doubled deals to 409.
The consumer goods sector saw its trade volume surge 95% to 1.97mn stocks, value more than doubled to QR258.1mn and deals by 55% to 1,169.
The banks and financial services sector reported 79% expansion in trade volume to 2.95mn shares, 43% in value to QR244.9mn and 72% in transactions to 2,243.
The telecom sector’s trade volume soared 74% to 1.43mn equities, value more than doubled to QR35.37mn and deals gained 52% to 463.
The market witnessed 71% rise in the real estate sector’s trade volume to 7.24mn stocks, 90% in value to QR294.09mn and 47% in transactions to 1,964.
The transport sector’s trade volume grew 68% to 1.14mn shares, value by 93% to QR64.72mn and deals by 10% to 423.
The industrials sector’s trade volume was up 11% to 1.5mn equities and value by 50% to QR165.39mn on 5% fall in transactions to 1,809.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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