QSE follows flat trajectory despite buying interest from Arab individuals and domestic funds

The Qatar Stock Exchange saw five of the seven sectors under the spotlight even as it followed a flat path.
Arab individuals and domestic institutions were seen as net buyers as Qatar’s 20-stock index stood just 0.2% higher at 13,379.72 points, recovering from an intraday low of 13,315 points.
Foreign individuals were seen bullish, albeit at lower levels, in the market, whose year-to-date gains were 15.09%.
More than 53% of the shares traded provided gains for investors in the exchange, whose capitalization increased by more than QR 1 billion or 0.2% to reach QR 744.76 billion, mainly thanks to the microcap segments.
The Islamic index was seen lower than the gains of other indices in the market, which saw a total of 0.01 million exchange-traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at 0.05 million of QR changed hands in seven transactions. .
However, local retail investors became net sellers in the market, which saw no sovereign bond trading.
Net purchases by foreign institutions weakened considerably on the stock exchange, which saw no trading in Treasury bills.
The Total Return Index rose 0.02% to 27,406.01 points and the All Share Index rose 0.13% to 4,257.34 points, while the Al Rayan Islamic Index (price) fell 0.01% to 2,910.32 points.
The index for the transport sectors increased by 1.29%, real estate (0.74%), banks and financial services (0.16%), insurance (0.15%) and industrials (0 .05%); while telecoms fell by 1.33% and consumer goods and services by 0.49%.
The main gainers in the main market are Qatar General Insurance and Reinsurance, Milaha, Al Khaleej Takaful, Ezdan and Dlala.
Nevertheless, QLM, Ooredoo, Al Meera, Qatar Oman Investment and Mesaieed Petrochemical Holding were among the losers in the core market. In the venture capital market, Al Faleh Educational Holding saw its shares depreciate.
Arab individuals became net buyers of QR 10.69 million against net sellers of QR 3.53 million on August 4.
National institutions were net buyers of QR 4.6 million against net sellers of QR 32.54 million on the previous trading day.
Foreign individuals became net buyers of QR 0.25 million against net sellers of QR 6.31 million last Thursday.
Net sales of Gulf institutions fell sharply to QR 2.67 million from QR 6.95 million on August 4.
However, Qatari individuals were net sellers at QR 22.23 million compared to net buyers of QR 19.96 million the previous day.
Gulf retail investor net profit bookings edged up to QR 0.5 million from QR 0.22 million last Thursday.
Net purchases by foreign institutions weakened significantly to QR 9.87 million from QR 29.58 million on August 4.
Arab funds continued to have no major net exposure for the third consecutive session.
The total trading volume in the main market decreased by 48% to 127.55 million shares, the value by 45% to 327.78 million QR and transactions by 51% to 9,215.
In the venture capital market, trading volumes were 0.06 million shares, value 0.26 million QR and trades 25.

About Stuart M. McFarland

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