QSE gains 0.2% on foreign institutions’ buying interests
January 25 2022 07:00 PM
QSE

The Qatar Stock Exchange Tuesday shrugged off the initial bearish overhang, due to apprehensions in the global market over the US interest rate hike indications, as it finally settled 25 points higher.
The foreign institutions were seen increasingly into net buying as the 20-stock Qatar Index settled 0.2% higher at 12,548.48 points, although it touched an intraday low of 12,390.79 points.
The transport, telecom and banking counters witnessed higher than average demand in the market, whose year-to-date gains were at 7.94%.
The Arab individuals turned bullish, albeit at lower levels, in the bourse, whose capitalisation saw QR15mn or 0.02% jump to QR717.77bn, mainly on the back of microcap segments.
Nevertheless, more than 59% of the traded constituents were in the red in the market, where the industrials and consumer goods sectors together accounted for more than 58% of the trading volume.
The local retail investors were seen increasingly into net selling in the bourse, which saw a total of 30,955 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR321,465 changed hands across 10 deals.
The Islamic index was seen gaining slower than the other indices in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.2% to 24,840.47 points, All Share Index by 0.13% to 3,954.27 points and Al Rayan Islamic Index (Price) by 0.01% to 2,758.4 points.
The transport sector index shot up 1.3%, telecom (0.3%) and banks and financial services (0.3%); while consumer goods and services declined 0.42%, industrials (0.35%), insurance (0.33%) and realty (0.09%).
Major gainers in the main market included Qatar Islamic Bank, Milaha, Nakilat, Qatar Industrial Manufacturing, Al Meera Consumer Goods, Vodafone Qatar and Ooredoo. In the venture market, Mekdam Holding saw its shares gain.
Nevertheless, Qatari German Medical Devices, Qatari Investors Group, Inma Holding, Qamco, Al Khaleej Takaful, Doha Bank, QIIB, Qatar Oman Investment, Salam International Investment, Widam Food, Baladna, Aamal Company, Mazaya Qatar, Ezdan and Gulf Warehousing were among the losers in the main market. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased considerably to QR86.98mn compared to QR48.13mn on January 24.
The Arab individuals turned net buyers to the tune of QR0.54mn against net sellers of QR7.49mn the previous day.
However, Qatari individuals’ net profit booking grew substantially to QR53.51mn compared to QR34.62mn on Monday.
The domestic institutions’ net selling expanded significantly to QR22.22mn against QR1.58mn on January 24.
The Gulf institutions’ net selling strengthened marginally to QR8.54mn compared to QR8.13mn the previous day.
The foreign individuals turned net sellers to the extent of QR2.9mn against net buyers of QR2.37mn on Monday.
The Gulf individuals were net sellers to the tune of QR0.25mn compared with net buyers of QR1.32mn on January 24.
The Arab funds turned net profit takers to the extent of 0.11mn against no major net exposure the previous day.
Total trade volume in the main market rose 9% to 188.78mn shares, value by 10% to QR623.45mn and transactions by 13% to 14,297.
The industrials sector’s trade volume more than doubled to 74.74mn equities, value soared 47% to QR187.37mn and deals by 26% to 3,506.
The transport sector reported 48% surge in trade volume to 15.39mn stocks, 40% in value to QR81.81mn and transactions by 34% to 1,138.
The consumer goods and services sector’s trade volume was up 6% to 35.44mn shares, while value fell 7% to QR89.91mn despite 7% higher deals at 2,273.
However, there was 51% plunge in the real estate sector’s trade volume to 25.57mn equities and 53% in value to QR38.88mn but on 45% increase in transactions to 1,234.
The telecom sector’s volume plummeted 31% to 5.53mn stocks, while value rose 2% to QR17.46mn despite 5% higher deals at 558.
The insurance sector’s trade volume tanked 26% to 1.64mn shares, value by 25% to QR4.34mn and transactions by 52% to 165.
The banks and financial services sector saw 1% shrinkage in trade volume to 30.47mn equities but on 14% jump in value to QR203.68mn amidst 3% lower deals at 5,423.
In the venture market, volumes expanded 19.36% to 111,443 stocks, value by 17.04% to QR0.73mn and transactions by 12% to 84.



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