QSE remains stable amid buying interest from foreign funds

The Qatar Stock Exchange on Tuesday recorded buying interest at the counters of telecommunications, consumer goods and banks, even as it followed a flat course.
Foreign funds have been increasingly net buyers, even though the Qatar 20-stock index stood at just 0.02% down to 11,062.92 points, despite hitting an intraday high of 11,070 points.
The Islamic index has fallen faster than other market indices, whose year-to-date gains were 6.01%.
Local retail investors were increasingly net sellers on the stock exchange, whose capitalization saw QR 35million or 0.05% decline to QR 637.15 billion, mainly due to the micro-capitalization segments.
National institutions were seen as net profit takers in the market, which saw the industrial, consumer goods and banking sectors together constitute around 85% of the total volume of transactions.
Overall turnover and trade volumes were increasing on the stock exchange, where foreigners were also seen as net sellers.
Four of the seven sectors were nonetheless under an uptrend in the market, which saw a total of 3,636 exchange-traded funds (QATR sponsored by Masraf Al Rayan and QETF sponsored by Doha Bank) valued at 22,177 QR changing hands in four. transactions.
The total return index fell 0.02% to 21,899.72 points, the Islamic Al Rayan (price) index fell 0.09% to 2,511.71 points and the All Share index fell 0.02 % to 3,513.73 points in the market, which saw no trading in sovereign bonds and treasury bills.
The industrial sector index fell by 0.5%, transport (0.28%) and real estate (0.19%); while telecoms gain 0.33%, consumer goods and services (0.19%), banks and financial services (0.14%) and insurance (0.06%).
The main losers are Zad Holding, Mesaieed Petrochemical Holding, Al Meera Consumer Goods, Industries Qatar, Nakilat, Widam Food, Baladna and Barwa; although Qatar First Bank, Commercial Bank, Woqod, Investment Holding Group, Gulf International Services, Inma Holding, Doha Insurance, Ezdan, Qamco, Ooredoo and Vodafone Qatar were among the winners.
Net sales of Qatari individuals increased significantly to reach QR 20.01 million from QR 9.89 million on September 6.
Domestic funds became net sellers to the tune of QR 15.51 million against net buyers of QR 3.43 million the day before.
Foreign individuals were net sellers of QR 2.26 million against net buyers of QR 1.64 million on Monday.
Arab individuals became net profit takers of QR 1.74 million against net buyers of QR 0.86 million on September 6.
Arab funds have been net sellers to the tune of QR 0.21 million against no major net exposure in the past three sessions.
Net purchases by individuals in the Gulf fell slightly to 0.39 MQ against 0.63 MQ the day before.
However, net purchases of foreign funds increased significantly to reach QR 41.08 million from QR 6.33 million on September 6.
The net result of the Gulf funds notably eased to 1.73 mn QR against 3.09 mn QR the day before.
Total trade volume increased 9% to 129.14 million shares, value 14% to Q315.36 million and trades 22% to 8,531.
The insurance industry’s trade volume more than quadrupled to 3.52 million shares and the value also more than quadrupled to QR 10.38 million with transactions jumping 18% to 137.
The transport sector’s trade volume increased 82% to 3.16 million shares, 89% in value to QR 11.04 million and 51% of transactions 461.
The telecommunications sector’s trade volume soared 41% to 3.41 million shares, the value 49% to QR 17.19 million, and transactions 39% to 1,085.
The real estate sector saw a 36% expansion in trading volume to 9.31 million shares and 29% in value to QR 13.29 million but a 21% drop in transactions to 455.
The industrial sector’s trade volume climbed 29% to 54.15 million shares, the value 25% to QR91.98 million, and transactions 27% to 2,182.
The market saw a 22% jump in trade volume in the consumer goods and services sector to 32.59 million shares, but a 2% decline in value to QR 48.95 million and 1% transactions at 1,197.
However, the trading volume of the banking and financial services sector fell 37% to 22.99 million shares, while the value increased 1% to QR122.53 million, and transactions 30% to 3 014.
In the venture capital market, shares of Al Faleh rose 1.82%; while those of Mekdam Holding fell by 0.19%.

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