Qatar stocks extend winning streak to 3rd day on buying interest

      Published on Friday, 5 October , 2018      9 Views      Comments Add Comment
Qatar stocks extend winning streak to 3rd day on buying interest

  • Business

Bullish sentiments continued on the Qatar Stock Exchange for the third consecutive day on Thursday to help the bourse to settle above 9,900 levels mainly on the back of buying interests from Gulf institutions.



The consumer goods, banking and real estate counters witnessed higher-than-average demand, helping the 20-stock Qatar Index to gain 0.13% to 9,902.48 points.

The Islamic equities were seen declining vis-a-vis gains in the other indices in the market which is up 16.18% year-to-date.

Doha Bank-sponsored exchange traded fund QETF reported 0.25% gains, while Masraf Al Rayan-sponsored QATR was unchanged.

Trade turnover and volumes were on the decline in the bourse, where the banking and transport sectors together accounted for about 51% of the total volume.

The Total Return Index rose 0.13% to 17,447.07 points and the All Share Index by 0.17% to 2,919.54 points, while the Al Rayan Islamic Index (Price) was down 0.03% to 2,350.11 points.

The consumer goods index soared 0.85%, followed by banks and financial services (0.27%), realty (0.23%), transport (0.09%) and telecom (0.05%); whereas insurance and industrials declined 0.5% and 0.11% respectively.

Major movers included Doha Bank, Woqod, QNB, Industries Qatar, Ezdan, Vodafone Qatar and Nakilat; while Dlala, Qatar Electricity and Water, Salam International Investment, Gulf International Services and Mesaieed Petrochemical Holding were among the losers.

Gulf institutions turned net buyers to the tune of QR10.91mn compared with net sellers of QR9.61mn on October 3.

Domestic institutions’ net profit-booking declined considerably to QR11.01mn against QR16.67mn the previous day.

However, local individual investors’ net selling increased significantly to QR30.16mn compared to QR11.59mn on Wednesday.

Non-Qatari individuals’ net profit-booking strengthened perceptibly to QR5.37mn against QR3.26mn on October 3.

Gulf individual investors’ net selling also grew marginally to QR0.44mn compared to QR0.21mn the previous day.

Non-Qatari institutions’ net buying weakened significantly to QR36.1mn against QR41.35mn on Wednesday.

Total trade volume fell 9% to 4.71mn shares, value by less than 1% to QR177.93mn and transactions by 8% to 2,617.

The industrials sector’s trade volume plummeted 45% to 0.98mn equities, value by 51% to QR30.67mn and deals by 21% to 613.

The real estate sector reported a 22% plunge in trade volume to 0.58mn stocks, 42% in value to QR7.84mn and 34% in transactions to 299.



The telecom sector’s trade volume declined 6% to 0.33mn shares, value by 39% to QR4.78mn and deals by 3% to 197.

Keywords:
Category Business | 2018/10/05 latest update at 3:30 PM
Source : Gulf Times | Photocredit : Google
10 Views
Comments Add comment



Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.

Latest Comments


Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia Doha News

Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia

Qatar’s emir skipped a summit in Saudi Arabia on Sunday with fellow Arab Gulf leaders whose boycott of…

Qatar’s emir receives invite from Saudi king to attend Gulf Arab summit Emir

Qatar’s emir receives invite from Saudi king to attend Gulf Arab summit

Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, has received a written invitation from Saudi Arabia’s King Salman…

Turkey’s Erdogan hails Qatar emir as ‘friend in times of trouble’ Emir

Turkey’s Erdogan hails Qatar emir as ‘friend in times of trouble’

Turkey’s president hailed close ally Qatar as a “friend in times of trouble” as he met with the…

Amir to take part in first Paris Peace Forum Emir

Amir to take part in first Paris Peace Forum

The Amir His Highness Sheikh Tamim bin Hamad al Thani will take part in the first Paris Peace…

GULF TV

Popular in GULF TV

About DFI

996 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

21 Views

Color Run 2018

87 Views

What Is Qumra

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News