(MENAFN- Gulf Times) The increased net buying support from the local and Gulf retail investors yesterday lifted the Qatar Stock Exchange by 63 points and its key index inched near the 11,000 levels.
A higher than average demand in the industrials and insurance counters led the 20-stock Qatar Index gain 0.58% to 10,968.88 points.
The Islamic equities were seen outperforming the market in the bourse, whose year-to-date gains swelled to 5.11%.
Foreign institutions continued to be net buyers but with lesser intensity in the market, whose capitalisation saw more than QR3bn or 0.5% jump to QR634.39bn, mainly owing to mid and microcap segments.
The Total Return Index gained 0.58% to 21,713.56 points, All Share Index by 0.43% to 3,461.45 points and Al Rayan Islamic Index (Price) by 0.72% to 2,545.27 points.
The industrials index surged 2.33%, insurance (1.14%) and consumer goods and services (0.29%); whereas transport shrank 0.4%, real estate (0.35%), telecom (0.35%) and banks and financial services (0.12%).
Major gainers included Industries Qatar, Qamco, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Zad Holding, Salam International Investment, Medicare Group, Qatar Insurance and Doha Insurance.
Nevertheless, Ahlibank Qatar, Widam Food, QLM, Vodafone Qatar, Dlala, Inma Holding, Commercial Bank, Al Meera, Qatari Investors Group and Milaha were among the losers.
Four of the seven sectors were nevertheless under selling pressure in the bourse, where the domestic funds were increasingly net profit takers.
The Arab individuals were seen net sellers in the market, where the industrials and consumer goods sectors accounted for more than 79% of the total volume.
The foreign individuals were also increasingly net sellers in the bourse, which saw a total of 83,647 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR804,003 changed hands across 17 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Local retail investors turned net buyers to the tune of QR26.78mn against net sellers of QR18.43mn on April 26.
The Gulf individuals' net buying increased perceptibly to QR2.36mn compared to QR0.35mn on Monday.
The Arab funds were net buyers to the extent of QR0.03mn against no major net exposure the previous day.
However, the domestic funds' net selling grew considerably to QR54.05mn compared to QR43.98mn on April 26.
The Arab individuals were net sellers to the tune of QR3.95mn against net buyers of QR4.8mn on Monday.
The foreign individuals' net profit booking grew perceptibly to QR1.94mn compared to QR1.54mn the previous day.
The foreign institutions' net buying declined significantly to QR25.95mn against QR50.72mn on April 26.
The Gulf institutions' net buying eased markedly to QR4.86mn compared to QR8.07mn on Monday.
Total trade volume rose 75% to 355.01mn shares, value by 40% to QR693.84mn and transactions by 7% to 11,390.
The industrials sector's trade volume almost tripled to 159.43mn equities and value also almost tripled to QR286.73mn on more than doubled deals to 3,811.
The consumer goods and services sector's trade volume almost doubled to 122.5mn stocks, value soared 56% to QR167.79mn and transactions by 49% to 2,741.
There was 1% jump in the real estate sector's trade volume to 25.03mn shares but on 3% decline in value to QR43.03mn and 15% in deals to 804.
However, the telecom sector's trade volume plummeted 47% to 3.65mn equities, value by 46% to QR10.06mn and transactions by 54% to 255.
There was 16% plunge in the transport sector's trade volume to 5.67mn stocks, 12% in value to QR23.2mn and 45% in deals to 418.
The insurance sector's trade volume tanked 16% to 7.18mn shares, value by 9% to QR24.66mn and transactions by 5% to 571.
The banks and financial services sector saw 13% shrinkage in trade volume to 31.6mn equities, 20% in value to QR138.38mn and 33% in deals to 2,790.
MENAFN27042021000067011011ID1101993526
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.