29/12/2014 06:33 AST
Qatar Stock Exchange on Sunday opened the week on a stronger note, lifted by real estate, consumer goods, industrials and telecom stocks.
Local retail investors’ buying interests led the 20-stock Qatar Index (based on price data) gain for the third consecutive session by 1.46% to 12,631.42 points as volumes also rose.
There was an across-the-board buying – particularly in the real estate, consumer goods, industrials, telecom and transport counters – in the bourse, which is up 21.69% year-to-date.
Market capitalisation rose 1.67% or more than QR11bn to QR690.66bn with micro, mid, small and large equities gaining 3.87%, 1.3%, 0.94% and 0.9% respectively.
The index that tracks Shariah-principled stocks was seem gaining faster than the other indices in the market, where trade was highly skewed towards realty and banks, which alone accounted for more than 68% of the total trade volume.
The Total Return Index gained 1.46% to 18,839.65 points, All Share Index by 1.72% to 3,218.26 points and Al Rayan Islamic Index by 2.24% to 4,269.84 points.
Real estate stocks appreciated 3.96%, consumer goods (2.24%), industrials (2.09%), telecom (2.04%), transport (1.87%), insurance (1.29%) banks and financial services (0.63%).
More than 90% of the stocks extended gains with major movers being Mazaya Qatar, Ezdan, Aamal Company, Mesaieed Petrochemical Holding, Industries Qatar, Vodafone Qatar, Widam Food, Salam International Investment, Gulf Warehousing, Qatar Islamic Bank, Commercial Bank, Doha Bank and Alijarah Holding.
Qatari retail investors turned net buyers to the tune of QR16.14mn compared with net sellers of QR99.37mn the previous trading day.
Domestic institutions’ net buying weakened to QR13.88mn against QR89.89mn last Thursday.
Non-Qatari individual investors’ net buying fell to QR4.45mn compared to QR12.39mn on December 25.
Foreign institutions’ net profit booking surged to QR34.47mn against QR3.01mn the previous trading day.
Total trade volume rose 23% to 28.02mn shares, while value was down 4% to QR872.7mn. Transactions gained 23% to 10,612.
The consumer goods sector’s trade volume tripled to 2.19mn equities, value surged 77% to QR77.44mn and deals by 82% to 1,079.
The transport sector’s trade volume more than doubled to 1.59mn stocks, value gained 70% to QR76.99mn and transactions by 74% to 661.
The telecom sector witnessed 41% surge in trade volume to 2.84mn shares, value by 50% to QR58.44mn and deals by 74% to 999.
The industrials sector’s trade volume grew 39% to 2.06mn equities but value shrank 34% to QR70.24mn. Transactions rose 26% to 1,434.
The banks and financial services sector reported 20% expansion in trade volume to 3.55mn stocks but on 22% fall in value to QR150.64mn and 19% in deals to 1,712.
The real estate sector’s trade volume rose 6% to 15.53mn shares, while value fell 10% to QR420.32mn. Transactions soared 23% to 4,465.
However, the insurance sector’s trade volume was down 7% to 0.25mn shares but value rose 2% to QR18.64mn and transactions by 21% to 262.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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