Foreign, Gulf and Arab funds boost morale on QSE

Buying interests, particularly at the counters of industry, real estate and telecoms, led the Qatar Stock Exchange to gain 21 points on Wednesday.
Foreign funds increasingly turned to net purchases, with the 20-stock Qatar index rising 0.16% to 13,471.32 points, despite hitting an intraday high of 13,540 points.
The Islamic index has grown more slowly than other market indices, up 15.87% since the start of the year.
Gulf institutions turned bullish on the stock exchange, whose capitalization rose by more than QR 1 billion or 0.16% to QR 758.89 billion, mainly driven by the microcap segments.
Arab funds were net buyers in the market, where the industrial and banking sectors together accounted for more than 66% of trading volume.
Domestic funds have increasingly shifted to net selling on the stock exchange, which has seen a total of 45,100 exchange-traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR 0.53 million change hands. hands in 13 deals.
Local retail investors were increasingly interested in booking net profits in the market, which saw no sovereign bond trading.
Total trade value and volumes were down on the exchange, which saw no trading in Treasuries.
The Total Return Index gained 0.16% to 27,593.63 points, the All Share Index by 0.15% to 4,328.79 points and the Al Rayan Islamic Index (Price) by 0.07% to 2,861 .57 points.
The industrial sectors index increased by 0.59%, telecoms (0.47%), real estate (0.37%) and banks and financial services (0.11%); while consumer goods and services fell by 0.85%, insurance (0.36%) and transport (0.1%).
The main winners in the main market are Qamco, United Development Company, Qatar Islamic Bank, Qatar Industries, Al Khaleej Takaful, Aamal Company, Gulf International Services and Ooredoo.
In the venture capital market, Al Faleh Educational Holding has seen its shares rise in value.
Nevertheless, QLM, Doha Insurance, Mannai Corporation, Zad Holding, Inma Holding, Masraf Al Rayan, Baladna, Qatar Electricity and Water and Vodafone Qatar were among the losers in the main market.
In the junior stock market, Mekdam Holding saw its shares depreciate.
Net purchases by foreign funds increased significantly to QR 188.89 million from QR 161.67 million on May 10.
Gulf institutions became net buyers of QR 15.85 million against net sellers of QR 17.07 million the previous day.
Arab funds were net buyers at QR 2.42 million against net sellers of QR 14.62 million on Tuesday.
However, domestic fund net sales increased significantly to QR 155.99 million from QR 116 million on May 10.
Qatari retail net profit bookings increased significantly to QR 56.72 million from QR 28.31 million the previous day.
Gulf individuals became net sellers at QR 1.46 million against net buyers of QR 1.88 million on Tuesday.
Net purchases by overseas individuals weakened significantly to QR 1.57 million from QR 7.08 million on May 10.
Net purchases by Arab individuals fell slightly to QR 5.46 million from QR 5.85 million the previous day.
Total trading volume in the main market fell 50% to 171.31 million shares, value fell 25% to QR 855.97 million, and trades fell 11% to 25,626.
Trade volume in the consumer goods and services sector fell 78% to 36.54 million shares, value fell 75% to QR 71.27 million, and trades fell 51% to 1,609.
There was a 74% drop in real estate trading volume to 7.25 million shares, 64% in value to 13.8 million QR and 44% in trades to 588.
The industrial sector’s trading volume fell by 27% to 67.79 million shares, the value by 23% to 217.73 million QR and transactions by 16% to 5,093.
The market saw a 14% contraction in transport trade volume to 3.79 million shares, but a 14% increase in value to 18.55 million QR and 34% increase in trades to 620 .
Banking & Financial Services trading volume fell 6% to 46.03 million shares, while value increased 3% to QR 499.61 million despite a 1% drop in trades at 16,209.
However, the insurance industry reported a 49% increase in trading volume to 5.16 million shares and 50% in value to QR 12.96 million on trades more than doubled to 411.
The telecom sector‘s trading volume climbed 34% to 4.74 million shares and the value by 29% to QR 22.04 million, while trades fell by 16% to 1,096.
The venture capital market saw a contraction of 28.57% in trading volumes to 0.15 million shares, 6.09% in value to 1.08 million QR and 28% in transactions to 72.

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