(MENAFN- Gulf Times) Industrials and consumer goods stocks witnessed robust buying interests but overall Qatar Stock Exchange was largely flat Tuesday.
Local and Gulf Cooperation Council (GCC) retail investors were seen marginally bullish in lifting the 20-stock Qatar Index a mere 0.08% to 12,184.8 points.
Buying interests of foreign institutions considerably weakened in the bourse, which is, however, down 0.82% year-to-date.
The index that tracks Shariah-principled stocks gained much faster than the other indices in the market, where trading was largely skewed towards realty, industrials and banking sectors, whose stocks together accounted for about 85% of the overall volume.
Market capitalisation expanded 0.22% or more than QR1bn to QR650.91bn with small, micro and large cap equities gaining 0.51%, 0.29% and 0.19% respectively.
The Total Return Index was up 0.07% to 18,935.81 points, All Share Index by 0.15% to 3,258.39 points and Al Rayan Islamic Index by 0.68% to 4,679.64 points.
Industrials stocks surged 1.04%, consumer goods (0.83%) and banks and financial services (0.13%); whereas telecom shrank 0.68%, real estate (0.65%), transport (0.63%) and insurance (0.29%).
Major gainers included QNB, Industries Qatar, Aamal Company, Gulf Warehousing, Barwa, Doha Bank, Dlala and Al Meera Consumer Goods; even as Commercial Bank, QIIB, Islamic Holding Group, Gulf International Services, Ezdan, Mazaya Qatar, Ooredoo and Nakilat bucked the trend.
Local retail investors turned net buyers to the tune of QR5.43mn against net sellers of QR23.76mn on June 1.
The GCC individual investors were also net buyers to the extent of QR0.72mn compared with net sellers of QR4.64mn on Monday.
The GCC institutions' net buying strengthened to QR16.75mn against QR0.72mn the previous day.
Domestic institutions' net profit booking weakened to QR41.02mn compared to QR76.87mn on June 1.
Non-Qatari institutions' net buying considerably weakened to QR20.6mn against QR111.83mn on Monday.
Non-Qatari individual investors' net profit booking rose to QR2.49mn compared to QR2.29mn the previous day.
Total trade volume fell 21% to 12.23mn shares, value by 25% to QR452.72mn and deals by 5% to 6,090.
There was 88% plunge in the insurance sector's trade volume to 0.06mn equities, 90% in value to QR5.15mn and 40% in transactions to 124.
The telecom sector's trade volume plummeted 75% to 0.57mn stocks, value by 73% to QR13.58mn and deals by 39% to 681.
The real estate sector saw 45% shrinkage in trade volume to 4.4mn shares, 42% in value to QR133.67mn and 16% in transactions to 1,322.
The transport sector's trade volume tanked 15% to 0.28mn equities, while value gained 53% to QR16.67mn. Deals were down 8% to 218.
The banks and financial services sector reported 14% decline in trade volume to 2.18mn stocks, 21% in value to QR117.53mn and 25% in transactions to 1,270.
However, the industrials sector's trade volume almost tripled to 3.76mn shares, value shot up 52% to QR127.89mn and deals by 60% to 1,970.
The market witnessed more than doubling of the consumer goods sector's trade volume to 0.98mn equities, 46% surge in value to QR38.23mn and 43% in transactions to 505.
In the debt market, there was no trading of treasury bills and government bonds.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.