QSE index crosses 11,100 points on foreign funds&#39 buy support

(MENAFN- Gulf Times) The foreign institutions' substantially increased net buying on Monday helped the Qatar Stock Exchange surpass the 11,100 levels.
The transport and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index settled 55 points or 0.5% higher at 11,133.51 points, recovering from an intraday low of 11,074 points.
Foreign individuals were seen bullish in the market, whose year-to-date gains swelled to 6.68%.
About 62% of the traded constituents extended gains in the bourse, whose capitalisation saw more than QR3bn or 0.47% increase to QR642.5bn mainly due to small and midcap segments.
The Arab individuals continued to be net buyers but with lesser intensity in the market, which saw the industrials, consumer goods and banking sectors together constitute about 83% of the total trading volume.
The overall trade turnover and volume were on the increase in the bourse, where the domestic funds and local retail investors were nevertheless increasingly net profit takers.
The Islamic index was seen gaining faster than the other indices in the market, which saw a total of 253,180 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR2.71mn change hands across 30 deals.
The Total Return Index rose 0.5% to 22,039.46 points, All Share Index by 0.4% to 3,534.28 points and Al Rayan Islamic Index (Price) by 0.62% to 2,519.11 points in the market which saw no trading of sovereign bonds and treasury bills.
The transport sector index shot up 1.49%, consumer goods and services (0.65%), industrials (0.43%), banks and financial services (0.31%), real estate (0.2%) and insurance (0.14%); while telecom declined 0.33%.
Major movers included Ahlibank Qatar, Mannai Corporation, Mesaieed Petrochemical Holding, Nakilat, Salam International Investment, Qatar Islamic Bank, Masraf Al Rayan, Medicare Group, Aamal Company and Al Khaleej Takaful; even as Investment Holding Group, Qatari German Medical Devices, Qatar Industrial Manufacturing, Ooredoo and Inma Holding were among the losers.
The foreign institutions' net buying increased substantially to QR80.6mn compared to QR23.93mn on August 22.
Foreign individuals turned net buyers to the tune of QR6.54mn against net sellers of QR7.35mn on Sunday.
However, the domestic funds' net selling rose considerably to QR56.99mn compared to QR11.25mn the previous day.
The local retail investors' net selling strengthened drastically to QR24.5mn against QR9.88mn on August 22.
The Gulf funds' net profit booking expanded markedly to QR9.23mn compared to QR0.7mn on Sunday.
The Gulf individuals' net selling shot up perceptibly to QR1.15mn against QR0.63mn the previous day.
The Arab individuals' net buying declined noticeably to QR4.72mn compared to QR5.88mn on August 22.
The Arab institutions had no major net exposure for the second consecutive session.
Total trade volume rose 30% to 156.11mn shares, value by 42% to Q430.45mn and transactions by 53% to 9,384.
The consumer goods and services sector's trade volume more than doubled to 36.57mn equities, value soared 50% to QR50.35mn and deals by 52% to 1,110.
The transport sector's trade volume more than doubled to 11.16mn stocks, value shot up 78% to QR39.21mn and transactions by 55% to 800.
The banks and financial services sector saw 31% surge in trade volume to 34.01mn shares, 66% in value to QR190.82mn and 66% in deals to 3,611.
The telecom sector's trade volume expanded 26% to 2.95mn equities and value by 87% to QR16mn on almost tripled transactions to 462.
The market witnessed 19% jump in trade volume to 3.48mn stocks, 28% in value to QR9.57mn and 47% in deals to 209.
The industrials sector's trade volume was up 14% to 58.85mn shares, value by 15% to QR111.11mn and transactions by 37% to 2,583.
However, there was 37% shrinkage in the real estate sector's trade volume to 9.09mn equities and 34% in value to QR13.39mn but on 18% growth in deals to 609.    

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