QSE crosses 12,600 points on high global energy prices

The Qatar Stock Exchange crossed 12,600 levels on Wednesday, reflecting the rise in oil prices, which had reached their highest level in seven years on international markets.
The property, transport and industrials counters saw above-average demand, with Qatar’s 20-stock index coming in around 42 points or 0.33% higher at 12,612, 32 points, recovering from an intraday low of 12,559 points.
Weakening net selling pressure from local retail investors and national funds had its influence on the market, whose capitalization saw over QR 1 billion or 0.19% add to 719.31 billion of QR, mainly thanks to the small cap segments.
More than 54% of traded constituents extended gains to investors on the exchange, where the banking, industrial and real estate sectors accounted for about 76% of trading volume.
Foreign and Gulf institutions also continued to be net buyers, but with less strength on the exchange, which saw a total of 40,758 exchange-traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at 351,975 QR changed hands through 13 transactions.
The Islamic index was seen gaining slower than the main market barometer, which saw no sovereign bond trading.
Total trade turnover was seen falling amid higher volumes on the exchange, which saw no trading in Treasuries.
The Total Return Index gained 0.33% to 24,966.85 points, the All Share Index by 0.24% to 3,969.58 points and the Al Rayan Islamic Index (Price) by 0.31% to 2,766 .68 points.
The real estate sector index jumped 1.66%, transport (1.4%), industrials (0.89%) and consumer goods and services (0.11%); while insurance fell by 0.94%, banks and financial services (0.11%) and telecoms (0.11%).
Some of the main market winners include Mannai Corporation, United Development Company, Qatar Industrial Manufacturing, Nakilat, Barwa, Doha Bank, Dlala, Qatar Industries, Investment Holding Group, Qamco, Vodafone Qatar, and Milaha.
Nevertheless, Ahlibank Qatar, Al Meera Consumer Goods, Qatar Insurance, Qatar Cinema and Film Distribution, Qatari German Medical Devices and Baladna were among the losers in the core market.
In the venture capital market, Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate.
National fund net sales decreased significantly to QR 24.1 million from QR 85.95 million on January 18.
Qatari retail net sales also declined significantly to QR 32.93 million from QR 83.55 million the previous day.
However, net profit bookings from Arab individuals rose sharply to QR 4.31 million from QR 1.71 million on Tuesday.
Gulf individuals were net sellers of QR 0.39 million against net buyers of QR 2.32 million on January 18.
Net purchases by foreign institutions decreased significantly to QR 58.16 million from QR 150.3 million the previous day.
Net purchases by Gulf institutions weakened significantly to QR 3.36 million from QR 12.61 million on Tuesday.
Net purchases by foreign individuals notably decreased to QR 0.21 million from QR 5.98 million on January 18.
Arab funds continued to have no major net exposure.
Total trading volume in the main market increased by 22% to 169.03 million shares, while the value fell by 8% to 651.16 million QR and transactions by 6% to 13,243.
Real estate trading volume more than doubled to 37.2 million shares and value more than tripled to QR 69.46 million on a 66% increase in trades to 1,231.
The transport sector’s trading volume more than doubled to 15.66 million shares and the value nearly doubled to 74.98 million QR on trades more than doubled to 1,103.
There was a 6% expansion in industrial sector trading volume to 37.23 million shares, 11% in value to 136.29 million QR and 10% in trades to 2,912.
Trade volume in the consumer goods and services sector increased by 2% to 15.4 million shares, value by 26% to 41.54 million QR and transactions by 4% to 1,306.
The banking and financial services sector saw a 1% gain in trading volume to 53.83 million shares, but a 31% contraction in value to 303.91 million QR and 21% contraction in trades at 5,763.
However, the volume of the telecommunications sector fell by 38% to 5.31 million shares, the value by 57% to 13.42 million QR and transactions by 41% to 580.
The insurance industry reported a 17% drop in trading volume to 4.41 million shares, 20% in value to 11.55 million QR and 36% in trades to 348.
In the venture capital market, volumes climbed 66.53% to 91,952 shares, value by 26.62% to 0.41 million QR and transactions by 42.31% to 37.

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