23/06/2015 04:16 AST
Qatar Stock Exchange Monday crossed the 12,100 mark on the back of buying interests especially in the real estate and industrials stocks.
Buying support from domestic, Gulf Cooperation Council (GCC) and foreign institutions set the tone for another 0.75% accretion in the 20-stock Qatar Index to 12,121.22 points.
Overall volumes were also on the rise owing to trading of QNB, Doha Bank, Industries Qatar (IQ) and Qatar Insurance (QIC) in the special market.
Nevertheless, local and GCC retail investors were seen net profit takers in the market, which is down 1.34% year-to-date.
The index that tracks Shariah-principled stocks was seen gaining faster than the other indices in the bourse, where trading was largely skewed towards the realty and banking sectors, whose stocks together constituted about 69% of the overall trading volume.
Market capitalisation rose 0.42% or about QR3bn to QR641.02bn with large, micro and small cap equities gaining 0.55%, 0.28% and 0.21% respectively; even as mid caps were flat.
The Total Return Index gained 0.78% to 18,837.01 points, All Share Index by 0.55% to 3,233.04 points and Al Rayan Islamic Index by 0.94% to 4,720.55 points.
Real estate stocks appreciated 1.87%, industrials (0.69%), banks and financial services (0.3%) and consumer goods (0.14%); while insurance fell 0.47%, transport (0.24%) and telecom (0.09%).
More than 56% of the stocks extended gains with major movers being Ezdan, United Development Company, Mazaya Qatar, Industries Qatar, Qatari Investors Group, Gulf International Services, Commercial Bank, Doha Bank, Masraf Al Rayan, Alijarah Holding and Gulf Warehousing.
However, Aamal Company, Ooredoo, Barwa and Qatari German Company for Medical Devices bucked the trend.
QNB saw its 80,000 shares traded in the special market, IQ (120,000), QIC (180,000) and Doha Bank (200,000).
Domestic institutions turned net buyers to the tune of QR45.96mn against net sellers of QR3.19mn on Sunday.
The GCC institutions’ net buying strengthened to QR54.48mn compared to QR7.7mn the previous day.
Non-Qatari institutions’ net buying increased substantially to QR63.26mn against QR7.34mn on June 21.
Non-Qatari individual investors turned net buyers to the extent of QR0.21mn compared with net sellers of QR0.65mn on Sunday.
However, local investors’ net profit booking soared to QR145.19mn against QR11.49mn the previous day.
The GCC retail investors turned net sellers to the tune of QR18.72mn compared with net buyers of QR0.3mn on June 21.
Total trade volume rose 74% to 11.54mn shares to more than double value to QR528.94mn on 73% jump in deals to 5,062.
The banks and financial services sector’s trade volume more than quadrupled to 2.09mn equities and value also more than quadrupled to QR164.82mn on more than doubled transactions to 1,211.
The transport sector’s trade volume tripled to 0.18mn stocks and value almost quadrupled to QR10.82mn on more than doubled deals to 130.
The consumer goods sector’s trade volume more than doubled to 0.62mn shares and value also more than doubled to QR38.46mn on 78% expansion in transactions to 404.
The telecom sector’s trade volume more than doubled to 1.36mn equities and value also more than doubled to QR32.56mn on more than doubled deals to 614.
The industrials sector’s trade volume soared 71% to 1.16mn stocks but value grew more than five-fold to QR111.33mn on 39% jump in transactions to 743.
The real estate sector saw 29% surge in trade volume to 5.86mn shares, 39% in value to QR144.19mn and 40% in deals to 1,891.
The insurance sector saw a total 0.28mn equities valued at QR26.75mn change hands across 69 transactions.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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