DOHA: Buying support from local retail and foreign institutional investors eased the selling pressure to lift the Qatar bourse benchmark index by 2.61 percent to close at 9,870.90 last week.
All the sector indices ended in the green with the telecoms, transportation, real estate and banking and financial services outperforming the key index at the end of the week.
Qatar Meat and Livestock, Qatar Electricity and Water, Gulf International, UDC, Ooredoo, Qatar Navigation and Nakilat were the top gainers. Market capitalisation rose by 2.21 percent to reach QR537bn as compared to QR525bn at the end of previous week.
In all, 37 stocks returned gains to investors last week while four of the total 42 companies fell and one remained unchanged. Industries Qatar (IQ) led the trading value last week accounting for 14.05 percent of the total followed by UDC and QNB.
All the 12 banking stocks, except one, closed positive last week. Seven of the eight consumer goods and six of the eight industrials; four of the five insurance, all the four real estate stocks, the three transports and both the telecom stocks closed positive.
Trading value increased by 2.99 percent to reach QR1.75bn last week. Trading volume fell by 2.02 percent to reach 42.9 million shares as against the previous week’s 43.8 million. The number of transactions fell by 4.11 percent.
In terms of trading value, the banking and financial services stocks led the chart accounting for 29.89 percent, followed by industrial sector (22.21 percent) and real estate sector (17.88 percent). The banking and financial services saw stocks worth QR523m being traded, followed by the industrial sector (QR389m) and the real estate sector (QR313m).
The trading volume was led by the real estate sector stocks accounting for 33.92 percent, followed by the banking and financial services sector (26.68 percent) and the consumer goods and services sector (11.72 percent).
The real estate sector saw 14.58 million shares being traded last week, followed by the banking and financial services (11.46 million), the industrial sector (4.7 million), the consumer goods and services sector (5 million), the insurance sector (0.35 million), the telecoms sector (1.8 million) and the transportation sector (4.9 million).
In terms of transactions, the banking and financial services sector’s share in total was 27.04 percent, followed by the industrial sector (20.78 percent), real estate (19.75 percent) and the consumer goods and services (15.30 percent).
Yesterday, the bourse added 37.80 points or 0.38 percent. Among the top gainers were Ooredoo which was up 1.26 percent to QR144.90, Masraf Al Rayan (0.51 percent to QR29.70), Barwa Real Estate (0.58 percent to QR25.85) and Vodafone Qatar (0.33 percent to QR9.13).
All the sector indices ended in the green with the telecoms and the consumer goods and services gaining the most. The market was up 18.09 percent year-to-date. Of the 42 stocks lsited, 26 advanced, eight declined and five remained unchanged.