(MENAFN- Gulf Times) Â Buying interests from local retail investors and foreign institutions helped the Qatar Exchange land in the positive trajectory yesterday.
Telecom and industrial were mainly instrumental in lifting the 20-stock Qatar Index (based on price data) by 0.57% to 8,677.10 points.
Domestic institutions were seen considerably reducing their exposure to the market, which is up 3.81% year-to-date (YTD).
More than 57% of the stocks extended gains with major movers being Industries Qatar, Gulf International Services (GIS), Mazaya Qatar, Commercialbank (Cb), Vodafone Qatar, Ooredoo and Alijarah Holding; even as Barwa bucked the trend.
The 20-stock Total Return Index also rose 0.57% to 12,397.59 points, the All Share Index (comprising wider constituents) by 0.58% to 2,212.56 points and the Al Rayan Islamic Index by 0.02% to 2,635.32 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the telecom index gained 1.60%, followed by industrials (1.43%), insurance (1.03%), transport (0.28%) and banks and financial services (0.22%), whereas that of realty fell 1.70% and consumer goods (0.17%).
Industrials, telecom, consumer goods, transport and banking sectors outperformed the key indices with them gaining YTD 20.79%, 15.06%, 13.15%, 8.50% and 4.37% respectively; even as realty index shrank 3.49%. Insurance index was up 3.05%.
Market capitalisation expanded 0.58%, or about QR3bn, to QR480.11bn with small and large cap equities notably gaining 0.96% and 0.62% respectively; while micro caps lost 0.52%.
Large, mid and small cap equities have gained YTD 4.14%, 3.53% and 2.39% respectively; while micro caps tanked 5.01%.
Of the 42 stocks, 24 advanced, while 11 declined, three unchanged and four were not traded.
Qatari individual investors turned net buyers to the tune of 1.92% or QR5.50mn. A much higher 50.88% of them purchased equities against 39.13% the previous day and a higher 48.96% sold compared to 44.25%.
Foreign institutions were also net buyers to the extent of 3.27% or QR9.36mn. A higher 23.05% of them bought equities against 21.15% on Monday, whereas a lower 19.78% offloaded compared to 23.71%.
Domestic institutions turned net sellers to the tune of 0.36% or QR1.03mn. A much lower 17.02% of them were into buying against 27.61% the previous day and a lower 17.38% of them into selling compared to 20.85%.
Non-Qatari individual investors turned net profit takers to the extent of 4.84% or QR13.85mn. A lower 9.05% of them bought equities against 12.10% on Monday, while a higher 13.89% sold compared to 11.19%.
Total trading volume rose 14% to 9.15mn shares, value by 8% to QR286.22mn and deals by 11% to 3,899.
The real estate sector's trading volume almost tripled to 3.24mn shares and value more than quadrupled to QR69.37mn as more transactions more than tripled to 1,172.
The telecom sector's trading volume more than doubled to 2mn shares and value also more than doubled to QR30.61mn as deals more than doubled to 408.
However, the transport sector's trading volume plummeted 80% to 0.24mn shares, value by 66% to QR9.10mn and transactions by 47% to 189.
The insurance sector's trading volume plunged 67% to 0.02mn shares, value by 69% to QR0.80mn and deals by 56% to 17.
The banks and financial services sector's trading volume tanked 35% to 1.59mn shares, value by 24% to QR78.73mn and transactions by 28% to 816.
The consumer goods and services sector's trading volume declined 32% to 0.94mn shares and value by 15% to QR35.50mn, while deals rose by less than 1% to 538.
The industrials sector's trading volume shrank 9% to 1.13mn shares, while value was up 2% to QR62.11mn but transactions shrank 16% to 759.
Actively traded stocks (in terms of volume) were Barwa (2.58mn shares); Vodafone Qatar (1.89mn); Cb (653,906); GIS (541,480) and Qatari German Company for Medical Devices (426,010).
In the debt market, there was no trading of treasury bills.
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