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Domestic, Gulf institutions turn bullish on QSE

Santhosh V. Perumal

Tuesday، 04 May 2021 11:45 PM

The domestic and Gulf institutions were seen bullish Tuesday in the Qatar Stock Exchange, which otherwise declined 48 points and its key index retreated below the 10,900 levels.
The telecom sector witnessed some brisk buying amidst a 0.43% decline in the Qatar Index to 10,895.44 points, having touched an intraday high of 10,943 points.
The foreign institutions continued to be net buyers but with lesser intensity in the bourse, whose year-to-date gains were at 4.4%.
More than 67% of the traded constituents were in the red in the market, whose capitalisation saw more than QR1bn or 0.25% decrease to QR630.27bn, mainly owing to microcap segments.
The Islamic index was seen declining slower than the other indices in the market, which saw the industrials and consumer goods sectors together constituted about 54% of the total trading volume.
The foreign individual and the Arab funds were seen net profit takers in the bourse, which saw a total of 91,555 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR237,284 changed hands across five deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.43% to 21,567.98 points, All Share Index by 0.37% to 3,442.11 points and Al Rayan Islamic Index (Price) by 0.22% to 2,527.93 points.
The realty index shrank 0.55%, industrials (0.5%), transport (0.44%), banks and financial services (0.39%), insurance (0.38%) and consumer goods and services (0.26%); whereas telecom gained 0.83%.
Major shakers included Investment Holding Group, Doha Insurance, Zad Holding, United Development Company, Salam International Investment, Commercial Bank, Gulf International Services, Nakilat, QNB, Qatar Islamic Bank, Alijarah Holding and Dlala; even as Qatari Investors Group, Qatar General Insurance and Reinsurance, Ooredoo, Widam Food and Qatar Industrial Manufacturing were among the gainers.
Local retail investors’ net selling strengthened perceptibly to QR28.86mn against QR27.55mn on May 3.
Foreign individuals turned net sellers to the tune of QR3.88mn compared with net buyers of QR4.15mn on Monday.
The Arab institutions were net sellers to the extent of QR0.25mn against no major net exposure the previous day.
Foreign institutions’ net buying decreased substantially to QR1.48mn compared to QR62.49mn on May 3.
However, the domestic funds were net buyers to the tune of QR16.96mn against net sellers of QR31.55mn on Monday.
The Gulf funds turned net buyers to the extent of QR10.38mn compared with net sellers of QR9.02mn the previous day.
The Arab individuals’ net buying strengthened notably to QR2.97mn against QR1.47mn on May 3.
The Gulf individuals turned net buyers to the tune of QR1.14mn compared with net sellers of QR0.03mn on Monday.
Total trade volume rose 19% to 168.01mn shares, value by 1% to QR380.28mn and transactions by 3% to 7,745.
There was 55% surge in the real estate sector’s trade volume to 25.55mn equities, 62% in value to QR37.79mn and 44% in deals to 844.
The telecom sector’s trade volume soared 53% to 4.28mn stocks and value by 57% to QR23.01mn, while transactions were down 4% to 563.
The market witnessed 28% expansion in the industrials sector’s trade volume to 53.7mn shares but on 4% drop in value to QR98.35mn despite 28% higher deals at 2,306.
The consumer goods and services sector’s trade volume shot up 25% to 47.15mn equities, value by 19% to QR69.43mn and transactions by 11% to 1,538.
However, the transport sector saw 72% plunge in trade volume to 0.84mn stocks, 75% in value to QR3.68mn and 36% in deals to 184.
The insurance sector’s trade volume plummeted to 46% to 3.23mn shares and value by 50% to QR11.22mn, while transactions were up less than 1% to 266.
The banks and financial services sector’s trade volume was down 1% to 33.27mn equities, 3% in value to QR136.8mn and 22% in deals to 2,044.

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