Industrials, banking and transport equities yesterday infused the bullish momentum to the Qatar Exchange.
Foreign institutions' robust buying support led the 20-stock Qatar Index (based on price data) to gain 0.46% to 9,841.3 points.
However, local retail investors were less inclined towards buying in the market, which is up 17.73% year-to-date.
Although the overall market liquidity was flat; there was substantial rise in the volumes of transport, industrials, telecom and banking stocks.
More than 55% of the stocks extended gains with major movers being Doha Bank, Masraf Al Rayan, Industries Qatar, Gulf International Services, United Development Company and Nakilat; even as Mazaya Qatar and Ooredoo bucked the trend.
The 20-stock Total Return Index also gained 0.46% to 14,060.96 points, All Share Index (with wider constituents) by 0.37% to 2,465.54 points and Al Rayan Islamic Index by 0.38% to 2,814.89 points. All the three indices factored in dividend income as well. Industrials equities appreciated 0.62%, banks and financial services (0.5%), transport (0.47%) and real estate (0.27%); whereas insurance fell 0.59%, telecom (0.32%) and consumer goods (0.11%).
Total market capitalisation rose 0.3% or about QR2bn to QR531.98bn. Mid and large cap equities were on the rise; while micro caps melted.
Foreign institutions turned bullish as they were net buyers to the tune of QR54.83mn compared with net sellers of QR2.07mn on Sunday.
However, domestic institutions turned bearish that they were net sellers to the tune of QR3.96mn against net buyers of QR16.9mn the previous day.
Non-Qatari individuals' bearish grip weakened as their net selling fell to QR7.73mn compared to QR8.79mn on Sunday.
Qatari individual investors were increasingly profit takers as their net selling soared to QR43.14mn against QR6.07mn the previous day.
Total trading volume was flat at to 5.41mn stocks, while value rose 15% to QR287.21mn and transactions by 3% to 4,037.
The market witnessed 69% surge in transport sector's trading volume to 0.54mn stocks, 42% in value to QR15.72mn and 8% in deals to 222.
The industrials sector witnessed 63% expansion in trading volume to 0.91mn shares, value more than doubled to QR109mn and transactions gained 74% to 1,243.
The telecom sector's trading volume soared 41% to 0.31mn shares, value by 88% to QR35.54mn and deals by 49% to 804.
The banking sector's trading volume rose 35% to 2.3mn shares, value by 12% to QR92.27mn and transactions by 4% to 958.
However, there was a 50% plunge in consumer goods sector's trading volume to 0.25mn stocks, 74% in value to QR10.14mn and 69% in deals to 256.
The real estate sector's trading volume plummeted 49% to 1mn shares, value by 55% to QR19.12mn and transactions by 27% to 454.
The insurance sector saw its trading volume shrink 29% to 0.1mn stocks and value by 17% to QR5.41mn while deals were up 9% to 100.
In the debt market, there was no trading of treasury bills and bonds.
© Gulf Times 2013
