QSE remains flat despite buying in transport and insurance counters; M-cap melts QR1.3bn
The domestic institutions were seen net buyers as the 20-stock Qatar Index rose 0.05% to 9,707.81 points on Sunday, although it touched an intraday high of 9,750 points
The domestic institutions were seen net buyers as the 20-stock Qatar Index rose 0.05% to 9,707.81 points, although it touched an intraday high of 9,750 points.
The Arab individual investors turned net buyers in the main market, whose year-to-date losses were at 10.37%.
The foreign retail investors were bullish in the main bourse, whose capitalisation however fell QR1.3bn or 0.23% to QR561.88bn on account of microcap segments.
The Arab institutions were seen net buyers in the main market, which saw as many as 3,756 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.04mn trade across six deals.
The foreign institutions continued to be net buyers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.
The local retail investors’ weakened net selling had its influence in the main market, which saw no trading of treasury bills.
The Islamic index was seen gaining faster than the other indices in the main bourse, whose trade turnover grew amidst lower volumes.
The Total Return Index was up 0.05%, the All Share Index fell 0.02% and the All Islamic Index by 0.11% in the main market.
The transport sector index shot up 1.54% and insurance 0.95%, while consumer goods and services declined 0.6%, real estate (0.36%), banks and financial services (0.15%), industrials (0.08%) and telecom (0.06%).
Major gainers in the main market included Qatar General Insurance and Reinsurance, Milaha, Qatar German Medical Devices, Inma Holding, United Development Company, Medicare Group, Qatari Investors Group, Qamco, Qatar Insurance and Nakilat.
Nevertheless, Qatar Cinema and Film Distribution, Ahlibank Qatar, Dlala, QLM, Beema, Woqod, Al Faleh Educational Holding and Barwa were among the losers in the main bourse. In the venture market, Al Mahhar Holding saw its shares depreciate in value.
The domestic institutions turned net buyers to the tune of QR13.1mn compared with net sellers of QR1.2mn on May 16.
The Arab individual investors were net buyers to the extent of QR4.93mn against net sellers of QR6.67mn last Thursday.
The foreign individuals turned net buyers to the tune of QR4.51mn compared with net sellers of QR0.77mn the previous trading day.
The Arab institutions were seen net buyers to the extent of QR0.13mn against no major net exposure on May 16.
The Qatari individual investors’ net selling declined substantially to QR13.56mn compared to QR38.04mn last Thursday.
The Gulf individuals’ net buying weakened perceptibly to QR0.34mn against QR1.72mn the previous trading day.
However, the Gulf funds’ net profit booking strengthened noticeably to QR13.61mn compared to QR4.74mn on May 16.
The foreign institutions’ net buying shrank considerably to QR4.51mn against QR53.15mn last Thursday.
Trade volumes in the main market tanked 16% to 145.44mn shares, value by 25% to QR359.45mn and transactions by 22% to 12,355.
The venture market saw a 42% plunge in trade volumes to 0.15mn equities, 43% in value to QR0.25mn and 38% in deals to 25.
