Industries Qatar (IQ) stocks yesterday advanced on its 34% jump in net profit, thus lifting the sentiments on the Qatar Exchange on the fifth consecutive day of gains.
Domestic institutions' buying interests were mainly instrumental in driving the 20-stock Qatar Index (based on price data) up 1.09% to 8,534.78 points.
Large, mid and small cap segment were the most sought after in the market, which has gained 2.10% year-to-date (YTD).
Other major movers included Gulf International Services (GIS), Nakilat, QNB and Qatar Islamic Bank; even as Qatari Investors Group, Mazaya Qatar and Vodafone Qatar bucked the trend.
The 20-stock Total Return Index also rose 1.09% to 12,194.25 points, the All Share Index (comprising wider constituents) by 1.16% to 2,174.92 points and the Al Rayan Islamic Index by 0.89% to 2,597.06 points.
All the three indices factored in dividend income as well.
Under the All Share Index category, the industrials index surged 2.44%, followed by banks and financial services (0.90%), transport (0.73%), consumer goods (0.39%) and realty (0.02%); while insurance and telecom fell 0.14% and 0.02% respectively.
Industrials, consumer goods, telecom, transport and banking sectors outperformed the key indices, gaining YTD 16.65%, 12.86%, 12.02%, 6.59% and 3.63% respectively; even as the realty index shrank 3.35%. The insurance index was up 0.74%.
Market capitalisation expanded 1.33%, or more than QR6bn, to QR471.18bn with large, mid, small and micro cap equities gaining 1.38%, 0.72%, 0.65% and 0.62% respectively.
Mid, large and small cap equities have gained YTD 2.82%, 2.34% and 1.15% respectively; while micro caps have tanked 5.85%.
Of the 42 stocks, 24 advanced, while only eight declined, six were unchanged and one was not traded.
Domestic institutions turned net buyers to the tune of 7.82% or QR22.28mn. A much higher 33.15% of them were into buying against 14.11% on Monday, while a lower 25.33% of them into selling compared to 27.26%.
Foreign institutions' net buying fell to 10.73% or QR30.58mn. A marginally lower 27.93% of them bought equities against 28.97% the previous day, whereas a higher 17.20% offloaded compared to 14.65%.
Qatari individual investors' net profit-booking soared to 9.98% or QR28.44mn. A much lower 30.07% of them purchased equities against 43.60% on Monday and a lower 40.05% sold compared to 44.31%.
Non-Qatari individual investors net buying shot up to 8.57% or QR24.42mn. A lower 8.85% of them bought equities against 13.32% the previous day, while a higher 17.42% sold compared to 13.78%.
Total trading volume rose 11% to 7.37mn shares, value by 57% to QR284.96mn and deals by 28% to 3,621.
The transport sector's trading volume almost tripled to 0.86mn shares and value more than doubled to QR26.11mn on a 15% jump in transactions to 202.
The banks and financial services sector's trading volume surged 67% to 1.32mn shares, value by 16% to QR48.51mn and deals by 24% to 949.
The industrials sector's trading volume soared 65% to 1.98mn shares but value almost tripled to QR144.59mn and transactions more than doubled to 1,326.
The telecom sector's trading volume expanded 52% to 0.85mn shares and value more than doubled to QR15.16mn while deals were down 1% to 147.
The consumer goods and services sector's trading volume gained 21% to 0.41mn shares, value by 25% to QR22.62mn and transactions by 30% to 435.
However, the insurance sector's trading volume plummeted 50% to 0.04mn shares, value by 69% to QR1.08mn and deals by 33% to 33.
The real estate sector's trading volume plunged 43% to 1.92mn shares, value by 48% to QR26.89mn and transactions by 25% to 528.
Actively traded stocks (in terms of volume) were Mazaya Qatar (1.25mn shares); Qatari Investors Group (885,051); GIS (772,075); Masraf Al Rayan (694,728) and IQ (626,772).
In the debt market, there was no trading of treasury bills.
© Gulf Times 2013
