Foreign funds drive QSE near 13,000 points; M-cap gains QR8bn
May 23 2022 06:48 PM

The Qatar Stock Exchange Monday gained a huge 184 points and its key index neared 13,000 points, mainly steered by foreign institutions.
The real estate and banking counters witnessed higher than average demand as the 20-stock Qatar Index rose 1.44% to 12,925.3 points, recovering from an intraday low of 12,747 points.
The Arab and foreign individuals were seen net buyers in the market, whose year-to-date gains improved to 11.18%.
About 59% of the traded constituents in the main market extended gains in the bourse, whose capitalisation expanded QR8bn or 1.189% to QR723.59bn, mainly on the back of midcap segments.
The local retail investors and domestic funds were seen increasingly into net selling in the market, where the industrials and banking sectors together accounted for about 62% of the trading volume.
The Gulf institutions were also increasingly net profit takers in the bourse, which saw a total of 30,930 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.33mn changed hands across 13 deals.
The Gulf individuals turned bearish 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 grew 1.44% to 26,745.21points, Al Rayan Islamic Index (Price) by 0.98% to 2,787.07 points and All Share Index by1.27% to 4,131.87 points.
The realty sector index shot up 2.07%, banks and financial services (2.02%) and industrials (0.56%); while consumer goods and services declined 0.42%, transport (0.18%), telecom (0.13%) and insurance (0.02%).
Major gainers in the main market included Barwa, Qatar Islamic Bank, Masraf Al Rayan, Qatar Industrial Manufacturing, Medicare Group, QNB, QIIB, Dlala, Baladna, Industries Qatar and Ezdan. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, QLM, Al Meera, Al Khaleej Takaful, Qatar Electricity and Water, Qatari German Medical Devices and Qamco were among the shakers in the main market. In the junior bourse, Mekdam Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased substantially to QR149.42mn against QR56.36mn on May 21.
The Arab individuals turned net buyers to the tune of QR4.84mn compared with net sellers of QR3.1mn on Sunday.
The foreign individuals were net buyers to the extent of QR4.55mn against net sellers of QR0.09mn the previous day.
However, Qatari individuals’ net selling grew considerably to QR76.24mn compared to QR25.96mn on May 21.
The domestic funds’ net selling increased substantially to QR71.3mn against QR22.74mn on Sunday.
The Gulf institutions’ net profit booking expanded perceptibly to QR10.03mn compared to QR6.05mn the previous day.
The Gulf individuals turned net sellers to the tune of QR1.24mn against net buyers of QR1.58mn on May 21.
The Arab funds continued to have no major net exposure for the second straight session.
Total trade volume in the main market rose 78% to 144.37mn shares and value more than doubled to QR716.75mn on almost tripled transactions to 23,969.
The transport sector’s trade volume grew almost six-fold to 7.37mn equities and value more than six-fold to QR29.64mn on more than five-fold jump in deals to 1,539.
The real estate sector’s trade volume almost tripled to 12.94mn stocks and value more than quadrupled to QR21.35mn on more than quadrupled transactions to 1,151.
The banks and financial services sector’s trade volume more than doubled to 49.51mn shares and value also more than doubled to QR459.64mn on tripled deals to 14,326.
The consumer goods and services sector’s trade volume more than doubled to 27.62mn equities and value almost tripled to QR63.32mn on more than tripled transactions to 1,745.
The market witnessed 32% surge in the industrials sector’s trade volume to 39.31mn stocks, 39% in value to QR113.2mn and 65% in deals to 3,198.
The telecom sector’s trade volume shot up 31% to 3.25mn shares and value more than doubled to QR16.61mn on more than five-fold growth in transactions to 1,626.
However, the insurance sector reported 36% plunge in trade volume to 4.37mn equities, 43% in value to QR12.99mn and 30% in deals to 384.
In the venture market, trade volumes were seen gaining 40% to 0.14mn stocks, value by 15.94% to QR0.8mn and transactions by 27.45% to 65.


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