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.
Boursa Kuwait is “confident” that MSCI will upgrade it to emerging market status in 2019, according to CEO…110 Views | the publication reaches you by | BG Media London
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.
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.
Mondrian Doha, Qatar’s leading destination from global lifestyle hospitality company sbe, is pleased to announce the launch of…254 Views | the publication reaches you by | BG Media London
Do you have information you want to reach our readers?
Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…
Science & Technology