(MENAFN- Gulf Times)
Sustained net purchases by foreign institutions on Sunday pushed the Qatar Stock Exchange up 45 points.
Transport, industry and insurance counters saw above-average demand, with the Qatar 20-stock index rising 0.37% to 12,056.38 points, recovering from an intraday low of 11,997 points.
Gulf individuals were increasingly net buyers in the market, whose year-to-date gains further improved to 3.7%.
More than 62% of the traded components extended the gains to stock market investors, whose capitalization increased by around QR3bn or 0.39% to QR685.01bn, mainly thanks to the small cap segments.
Local retail investors were increasingly net sellers in the market, where five of the seven sectors were seen as bullish.
Domestic funds were seen as net profit takers in the main market, which saw a total of 193,637 exchange-traded funds (QATR sponsored by Masraf Al Rayan and QETF sponsored by Bank of Doha) valued at 2.21 million QR over four transactions.
The total return index gained 0.37% to 23,866.33 points, the All Share index by 0.37% to 3,794.04 points and the Islamic Al Rayan (Price) index by 0.32%. at 2,674.15 points in the market, which saw no trading in sovereign bonds and treasury bills. .
The transport index jumped 1.26%, manufacturers (0.71%), insurance (0.64%), banks and financial services (0.2%), consumer goods and services ( 0.18%) and real estate (0.05%); while telecoms fell 0.27%.
The main winners in the main market were Gulf International Services, Inma Holding, Qatari Investors Group, Mesaieed Petrochemical Holding, Ahlibank Qatar, Industries Qatar, Qamco, Qatar National Cement, Qatar Insurance, Ezdan, Vodafone Qatar, Gulf Warehousing and Nakilat.
Nevertheless, Widam Food, Qatar Islamic Insurance, Ooredoo, Investment Holding Group and Dlala were among the losers in the main market.
In the venture capital market, both Al Faleh Educational Holding and Mekdam Holding saw their stocks depreciate.
Net purchases by foreign institutions increased significantly to QR 95.94 million from QR 41.65 million on January 9.
Net purchases by private individuals in the Gulf notably strengthened at QR1.19mn against QR0.57mn the day before.
However, local retail investor net sales increased significantly to QR 92.56 million from QR 66.77 million on Sunday.
Domestic funds converted to net buyers to the tune of QR 16.26 million compared to QR 5.85 million for net sellers on January 9.
Net purchases by Gulf institutions fell sharply to QR 3.12 million from QR 9.72 million the day before.
Net purchases by Arab individuals also weakened significantly to QR 6.07 million from QR 6.19 million on Sunday.
Net purchases by foreign individuals fell slightly to QR 2.5 million from QR 2.8 million on January 9.
Arab funds still have not had major net exposure.
Total main market trading volume fell 24% to 169.39 million shares and value 9% to QR483.33 million, while trades increased 10% to 10,821.
Telecom sector volume more than tripled to 5.54 million shares and the value also more than tripled to QR 13.53 million on deals more than doubled to 422.
Industry trade volume increased by less than 1% to 71.23 million shares, 18% to QR 186.05 million, and 21% transactions to 3,458.
However, the consumer goods and services sector saw a 63% drop in trading volume to 20.27 million shares, a 44% drop in value to QR 37.14 million, and a 28% drop in transactions at 1,011.
Real estate trading volume fell 39% to 25 million shares, value 38% to QR32.86 million, and transactions 30% to 958.
There was a 30% contraction in the volume of trade in the insurance sector to 2.94 million shares and 38% in value to 8.44 million QR, but a 23% jump in transactions to 355.
The transport sector’s trade volume fell 29% to 5.91 million shares and the value 32% to QR 33.38 million, while transactions gained 13% to 466.
The banking and financial services sector reported an 11% drop in trading volume to 38.5 million shares and 8% in value to 171.93 million, but a 27% increase in transactions to 4,151 .
In the venture capital market, volume increased by 38.88% to 328,553 shares, value by 47.59% to QR 2.29 million, and transactions by 84.62% to 192.
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