Qatar Stock Exchange (QSE) on Tuesday witnessed increased net buying support from local retail investors and domestic institutions as it settled near 9,000 points.
There was a weakened net selling pressure from foreign and Gulf institutions amidst 1.49% fall in the 20-stock Qatar Index to 8,934.37 points.
Islamic stocks were seen declining slower than the main index in the bourse, whose year-to-date losses were at 14.4%.
Market capitalisation stood at QR483.56bn, even as declines in micro, mid and small cap segments were lower than that in the main index.
Trade turnover and volumes were on the increase in the bourse, where realty, banking and telecom sectors together accounted for about 82% of the total volumes.
The Total Return Index was at 14,982.41 points, All Share Index at 2,554.31 points and Al Rayan Islamic Index at 3,580.7 points.
The consumer goods’ index fell 1.82%, industrials (1.68%), transport (1.67%), banks and financial services (1.37%), telecom (1.35%), insurance (1.25%) and real estate (0.14%).
Major gainers included Qatar Islamic Insurance, Mesaieed Petrochemical Holding, Ezdan and Widam Food; even as QNB, Industries Qatar, Ooredoo, Vodafone Qatar, Nakilat, Milaha, Mazaya Qatar and Doha Bank were among the losers.
Local retail investors’ net buying increased to QR33.78mn compared to QR30.3mn the previous day.
Domestic institutions’ net buying strengthened perceptibly to QR27.36mn against QR19.71mn on June 19.
Non-Qatari institutions’ net profit booking weakened influentially to QR26.37mn compared to QR28.88mn on Monday.
The GCC (Gulf Cooperation Council) funds’ net selling weakened marginally to QR20.79mn against QR22.3mn the previous day.
However, the GCC individuals’ net profit booking increased to QR15.23mn compared to QR1.86mn on June 19.
Non-Qatari retail investors’ net buying declined marginally to QR1.39mn against QR3.03mn on Monday.
Total trade volumes rose 10% to 9.74mn shares and value by 28% to QR282.92mn, while deals fell 10% to 2,885.
The telecom sector’s trade volume more than doubled to 2.18mn equities and value gained 25% to QR21.08mn, whereas transactions declined 25% to 241.
The insurance sector’s trade volume doubled to 0.08mn stocks, while value was down 1% to QR2.9mn and deals by 17% to 43.
There was 25% surge in the consumer goods sector’s trade volume to 0.3mn shares, 56% in value to QR27.05mn and 31% in transactions to 394.
The banks and financial services sector’s trade volume shot up 17% to 2.18mn equities and value by 50% to QR112.5mn, whereas deals were down 5% to 1,123.
However, the transport sector reported 22% plunge in trade volume to 0.36mn stocks but on 63% increase in value to QR16.88mn and 4% in transactions to 203.
The real estate sector’s trade volume tanked 12% to 3.62mn shares, value by 13% to QR51.51mn and deals by 35% to 430.
The industrials sector saw 3% fall in trade volume to 1.03mn equities but on 30% expansion in value to QR51mn despite 9% lower transactions to 451.
In the debt market, there was no trading of treasury bills and government bonds.
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