Foreign funds increase net purchases as QSE settles slightly higher

The Qatar Stock Exchange saw violent gyrations for most of the session on Monday as it finally closed slightly higher, mainly thanks to the insurance, real estate and banking sectors.
Foreign institutions were increasingly seen as net longs as Qatar’s 20-stock index fell just two points or 0.02% to 12,670.1 points, recovering from an intraday low of 12,637 points.
The Islamic index was seen on an almost flat trajectory in the market, whose year-to-date gains were 8.98%.
Arab funds were seen bullish on the exchange, whose capitalization nevertheless saw a drop of around QR 2 billion or 0.25% to QR 717.23 billion, mainly driven by the mid-cap segments.
Foreign retail investors were also seen as net buyers in the market, where the industrials and consumer goods sectors together accounted for more than 76% of trade volume.
Gulf individuals were increasingly net buyers on the exchange, which saw a total of 32,333 exchange-traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR 344,071 change hands in 10 trades.
Gulf funds were seen bullish in the market, which saw no sovereign bond trading.
Turnover and total trading volumes increased on the exchange, which saw no trading in Treasuries.
The total return index rose 0.02% to 25,177.74 points, while the All Share index fell 0.02% to 3,977.64 points. The Al Rayan Islamic Index (price) was mostly unchanged at 2,824.77 points.
The insurance sector index gained 0.78%, real estate (0.23%) and banking and financial services (0.17%); while transport fell by 0.73%, consumer goods and services (0.37%), industrials (0.33%) and telecoms (0.09%).
The main players in the main market were Dlala, Inma Holding, Investment Holding Group, Al Khaleej Takaful, Doha Insurance, Masraf Al Rayan, Mannai Corporation, Qatari Investors Group, Gulf International Services, Qatar General Insurance and Reinsurance and QLM.
Nevertheless, Ahlibank Qatar, Salam International Investment, Milaha, Widam Food, Al Meera Consumer Goods, Baladna, Mesaieed Petrochemical Holding and Ezdan were among the losers in the core market. In the venture capital market, Mekdam, Holding saw its shares depreciate.
Net purchases by overseas establishments increased significantly to QR 39.95 million from QR 1.96 million on February 20.
Net purchases by Arab individuals increased significantly to 16.36 million QR from 1.73 million QR the previous day.
Arab institutions became net buyers to the tune of QR 7.03 million against no major net exposure on Sunday.
Foreign individuals were net buyers at QR 6.38 million against net sellers of QR 13.48 million on February 20.
Net purchases by Gulf individuals strengthened significantly to QR 4.81 million from QR 0.27 million the previous day.
Net profit bookings of Gulf institutions declined significantly to QR 10.77 million from QR 16.26 million on Sunday.
However, domestic funds became net sellers at QR 46.96 million against net buyers of QR 24.34 million on February 20.
Qatari individuals were net sellers at QR 16.86 million compared to net buyers of QR 1.43 million the previous day.
The total trading volume in the main market increased by 50% to 286.07 million shares, the value by 68% to 728.22 million QR and transactions by 70% to 14,955.
The transport sector’s trading volume more than doubled to 2.63 million shares and the value more than doubled to 10.87 million QR on trades nearly tripled to 372.
Banking & Financial Services volume soared 86% to 36.94 million shares and value more than doubled to QR 203.5 million on trades more than doubled to 5,557.
The real estate sector reported a 65% increase in trading volume to 20.68 million shares, 67% in value to 31.21 million QR and 51% in trades to 980.
Trade volume in the consumer goods and services sector soared by 51% to 83.05 million shares, value by 62% to 117.79 million QR and transactions by 75% to 1,904.
There was a 51% expansion in Telecom sector volume to 3.02 million shares, 48% in value to 12.6 million QR and 57% in trades to 788.
The industrial sector’s trading volume jumped 42% to 135.61 million shares, value by 53% to QR 339.28 million and trades by 45% to 5,058.
However, the insurance sector saw a contraction of 13% in trading volume to 4.14 million shares, 21% in value to 12.97 million QR and 11% in transactions to 296.
In the venture capital market, volumes fell 37.22% to 1.94 million shares and value fell 37.34% to QR 19.05 million, while transactions increased by 8, 5% at 1060.

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