Arab and foreign retail investors boost QSE sentiments

The Qatar Stock Exchange opened the week on Sunday on stronger footing, with its key index gaining as much as 53 points to cross 12,600 levels.
The insurance, industrials, transport and consumer goods counters saw above-average demand, with Qatar’s 20-stock index up 0.42% at 12,609.97 points , although it hit an intraday high of 12,696 points.
Arab individuals were increasingly net buyers in the market, whose year-to-date gains improved to 8.47%.
Overseas retail investors turned bullish on the main exchange, whose capitalization rose by QR2.68 billion or 0.38% to QR702.86 billion, driven mainly by the small and microcap segments.
The Islamic index outperformed other indices in the market, which saw a total of 0.21 million exchange-traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR 0.65 million change hands over 19 transactions.
Trading turnover volumes increased on the main market, while the junior exchange saw a decline in turnover and trading volumes.
Weakened net selling pressure from domestic funds had its influence on the stock market, which saw no trading in sovereign bonds.
Net profit bookings by local retail investors also fell in the main market, which saw no trading in Treasuries.
The Total Return Index increased by 0.42% to 25,829.32 points, the All Share Index by 0.29% to 4,012.2 points and the Al Rayan Islamic Index (price) by 0.72 % at 2,796.09 points.
The insurance sector index jumped 1.23%, industrials (1.12%), transport (0.73%), consumer goods and services (0.71%) and real estate (0.11%); while telecoms fell by 0.27% and banks and financial services (0.13%).
Over 67% of constituents traded on the main market extended their gains, with major players being Estithmar Holding, Ahlibank Qatar, Mannai Corporation, Qamco, Doha Insurance, Lesha Bank, Woqod, Qatar Industries, Mesaieed Petrochemical Holding, Qatar Insurance, Mazaya Qatar, Ezdan and Vodafone Qatar. In the venture capital market, Al Faleh Educational Holding has seen its shares rise in value.
Nevertheless, Aamal Company, Zad Holding, Ooredoo, QNB, Alijarah Holding and Milaha were among the main market losers.
Net purchases by Arab retail investors increased significantly to QR 16.89 million from QR 0.34 million on November 10.
Foreign individuals became net buyers of QR 11.35 million against net sellers of QR 1.5 million on the previous trading day.
Gulf individuals were net buyers at QR 0.06 million compared to net sellers of QR 1.17 million last Thursday.
Local retail investors net profit bookings decreased significantly to QR 17.31 million from QR 58.63 million on November 10.
National Institutions Net Selling weakened significantly to QR 2.13 million from QR 33.79 million on the previous trading day.
Net profit bookings of Gulf institutions fell sharply to QR 9.62 million from QR 17.88 million last Thursday.
However, Arab institutions became net sellers at QR 0.05m from no major net exposure on November 10.
Net purchases by overseas institutions dropped drastically to QR 0.81 million from QR 112.65 million on the previous trading day.
The total trading volume on the main market soared 44% to 126.34 million shares and the value by 7 to 439.4 million QR, while trades fell 4% to 13,209.
The venture capital market saw a contraction of 59% in trading volumes to 0.37 million shares, 59% in value to 2.93 million QR and 56% in transactions to 147.

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