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QSE Settles Marginally Higher Amid Recession Fears In US
(MENAFN- Gulf Times) Amidst recession fears in the US, the Qatar Stock Exchange Monday settled marginally higher on the back of transport and real estate sectors.
The domestic institutions were increasingly net buyers as the 20-stock Qatar Index rose 0.06% or six points to 10,531.81 points, recovering from an intraday low of 10,475 points.
The foreign individuals continued to be bullish but with lesser vigour in the main market, which has reported 0.37% losses year-to-date.
The foreign funds were seen net profit takers in the main bourse, whose capitalisation was up QR0.32bn or 0.05% to QR616.97bn on the back of microcap segments.
The Arab institutions were increasingly net sellers in the main market, which saw as many as 2,951 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.03mn change hands across eight deals.
The local retail investors turned bearish in the main bourse, whose trade turnover grew amidst lower volumes.
The Islamic index was seen declining vis-à-vis gains in the other indices of the main market, which saw no trading of treasury bills.
The Gulf individuals were increasingly net sellers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index was up 0.06% and the All Share Index by 0.07%; while the All Islamic Index shrank 0.14% in the main market.
The transport sector index gained 0.55%, real estate (0.12%), industrials (0.05%) and banks and financial services (0.03%); whereas telecom declined 0.11%, insurance (0.08%) and consumer goods and services (0.01%).
Major gainers in the main bourse included Nakilat, Alijarah Holding, Qatar Oman Investment, Al Mahhar Holding, Zad Holding and Barwa.
Nevertheless, about 59% of the traded constituents were in the red with major losers in the main market being Qatar Industrial Manufacturing, Dukhan Bank, Inma Holding, Dlala, Qamco, Al Faleh Educational Holding, Ezdan, Vodafone Qatar, Milaha and Gulf Warehousing.
In the junior bourse, Techno Q saw its shares depreciate in value.
The domestic institutions' net buying increased substantially to QR56.89mn compared to QR1.26mn on March 9.
The Arab individuals' net profit booking declined perceptibly to QR3.21mn against QR5.1mn the previous day.
However, the foreign institutions turned net sellers to the tune of QR21.39mn compared with net buyers of QR1.31mn on Sunday.
The Gulf institutions' net profit booking strengthened drastically to QR19.3mn against QR4.34mn on March 9.
The local retail investors were net sellers to the extent of QR13.59mn compared with net buyers of QR5.55mn the previous day.
The Gulf individual investors' net profit booking grew marginally to QR1.06mn against QR0.8mn on Sunday.
The foreign retail investors' net buying weakened marginally to QR1.65mn compared to QR2.12mn on March 9.
The Arab institutions had no major net exposure.
The main market witnessed an 8% contraction in trade volumes to 121.77mn shares but on 21% surge in value to QR390.3mn and 70% in deals to 15,244.
In the venture market, trade volumes grew more than 43-fold to 0.22mn equities, value by about 48-fold to QR0.62mn and transactions by 48-fold to 48.
The domestic institutions were increasingly net buyers as the 20-stock Qatar Index rose 0.06% or six points to 10,531.81 points, recovering from an intraday low of 10,475 points.
The foreign individuals continued to be bullish but with lesser vigour in the main market, which has reported 0.37% losses year-to-date.
The foreign funds were seen net profit takers in the main bourse, whose capitalisation was up QR0.32bn or 0.05% to QR616.97bn on the back of microcap segments.
The Arab institutions were increasingly net sellers in the main market, which saw as many as 2,951 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.03mn change hands across eight deals.
The local retail investors turned bearish in the main bourse, whose trade turnover grew amidst lower volumes.
The Islamic index was seen declining vis-à-vis gains in the other indices of the main market, which saw no trading of treasury bills.
The Gulf individuals were increasingly net sellers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index was up 0.06% and the All Share Index by 0.07%; while the All Islamic Index shrank 0.14% in the main market.
The transport sector index gained 0.55%, real estate (0.12%), industrials (0.05%) and banks and financial services (0.03%); whereas telecom declined 0.11%, insurance (0.08%) and consumer goods and services (0.01%).
Major gainers in the main bourse included Nakilat, Alijarah Holding, Qatar Oman Investment, Al Mahhar Holding, Zad Holding and Barwa.
Nevertheless, about 59% of the traded constituents were in the red with major losers in the main market being Qatar Industrial Manufacturing, Dukhan Bank, Inma Holding, Dlala, Qamco, Al Faleh Educational Holding, Ezdan, Vodafone Qatar, Milaha and Gulf Warehousing.
In the junior bourse, Techno Q saw its shares depreciate in value.
The domestic institutions' net buying increased substantially to QR56.89mn compared to QR1.26mn on March 9.
The Arab individuals' net profit booking declined perceptibly to QR3.21mn against QR5.1mn the previous day.
However, the foreign institutions turned net sellers to the tune of QR21.39mn compared with net buyers of QR1.31mn on Sunday.
The Gulf institutions' net profit booking strengthened drastically to QR19.3mn against QR4.34mn on March 9.
The local retail investors were net sellers to the extent of QR13.59mn compared with net buyers of QR5.55mn the previous day.
The Gulf individual investors' net profit booking grew marginally to QR1.06mn against QR0.8mn on Sunday.
The foreign retail investors' net buying weakened marginally to QR1.65mn compared to QR2.12mn on March 9.
The Arab institutions had no major net exposure.
The main market witnessed an 8% contraction in trade volumes to 121.77mn shares but on 21% surge in value to QR390.3mn and 70% in deals to 15,244.
In the venture market, trade volumes grew more than 43-fold to 0.22mn equities, value by about 48-fold to QR0.62mn and transactions by 48-fold to 48.
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