(MENAFN- Gulf Times) Strong buying interests, especially in the transport and banking counters helped the Qatar stock exchange maintain a robust positive trend this week.
The Arab individuals were increasingly net buyers this week which saw Baladna, Qatar Industrial manufacturing and Doha Insurance make their way to the global index compiler FTSE Russell's emerging market index.
The Gulf funds were also seen increasingly net buyers as the 20-stock Qatar Index gained 0.63% this week which saw Masraf Al Rayan buys an additional 5% stake in Al Rayan (UK) from Qatar Holdings.
The weakened net selling pressure from the domestic funds and local retail investors also had its influence in the bourse this week which saw Barwa make a capital gain of SAR46mn from the sale of land plot in Saudi Arabia.
Four of the seven sectors however witnessed profit booking pressure this week which saw a total of 44,219 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR110,418 change hands across 17 deals.
The Islamic index was seen gaining slower than the other indices this week which saw a total of 727,823 Doha Bank-sponsored QETF valued at QR7.88mn trade across 87 transactions.
Market capitalisation saw QR77mn or 0.12% jump to QR638.98bn, mainly on microcap segments this week which saw the industrials, consumer goods and services and banking sectors together constitute about 81% of the total trade volume.
The transport index shot up 1.51%, banks and financial services (0.92%) and insurance (0.14%); while industrials declined 0.91%, consumer goods and services (0.29%), real estate (0.22%) and telecom (0.18%) this week which saw no trading of sovereign bonds.
Major gainers included Qatar Cinema and Film Distribution, Commercial Bank, Qatari German Medical Devices, Mesaieed Petrochemical Holding, Qatar Islamic Bank, QIIB, Masraf Al Rayan, Al Khaliji, Zad Holding, Qatar National Cement, Qatari Investors Group, Gulf Warehousing and Nakilat this week which no trading of treasury bills.
Nevertheless, Investment Holding Group, Salam International Investment, Alijarah Holding, Doha Bank, Gulf International Services, Ahlibank Qatar, Industries Qatar, Qamco, Qatar Electricity and Water, QLM, Ezdan, Mazaya Qatar and Vodafone Qatar were among the losers this week which saw the overall trade turnover and volumes shrink.
The industrials sector accounted for 39% of the total trade volume, consumer goods and services (22%), banks and financial services (20%), real estate (12%), transport (4%), and telecom and insurance (2% each) this week.
In terms of value, the banks and financial services' share stood at 42% of the total, industrials (27%), consumer goods and services (14%), realty (7%), transport (5%), telecom (3%) and insurance (2%) this week.
The Arab individuals' net buying increased markedly to QR16.13mn against QR1.2mn the week ended August 19.
The Gulf institutions' net buying grew noticeably to QR5.13mn compared to QR0.25mn the previous week.
Qatari individuals' net profit booking declined substantially to QR55.25mn against QR161.09mn a week ago.
The domestic funds' net selling weakened notably to QR148.55mn compared to QR170.13mn the week ended August 19.
However, the Gulf individuals turned net sellers to the extent of QR3.33mn against net buyers of QR1.15mn the previous week.
Foreign individuals turned net sellers to the tune of QR1.42mn compared with net buyers of QR1.01mn a week ago.
The foreign funds' net buying shrank significantly to QR197.56mn against QR328.62mn the week ended August 19.
The Arab funds had no major net exposure compared with net profit takers of QR1.01mn the previous week.
Total trade volume fell 18% to 712.71mn shares, value by 15% to QR1.82bn and transactions by 3% to 44,020.
The industrials sector's trade volume plummeted 27% to 276.42mn equities, value by 20% to QR492mn and deals by 15% to 11,188.
The market witnessed 26% plunge in the consumer goods and services sector's trade volume to 155.25mn stocks, 18% in value to QR251.96mn and 11% in transactions to 5,413.
The banks and financial services sector's trade volume shrank 6% to 143.82mn shares, value by 18% to QR763.92mn and deals by 11% to 16,073.
There was 4% shrinkage in the transport sector's trade volume to 25.54mn equities and 17% in value to QR95.15mn but on 2% jump in transactions to 2,527.
The telecom sector's trade volume was down 1% to 13.41mn stocks, while value grew 15% to QR56.14mn and deals by 21% to 1,999.
However, the insurance's sector reported 58% surge in trade volume to 13.64mn shares, 57% in value to QR38.18mn and 33% in transactions to 797.
The real estate sector's trade volume shot up 5% to 84.73mn equities, value by 17% to QR127.22mn and deals by 89% to 6,023.
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