Qatar: QSE edges up on retail investors’ buying support

Qatar: QSE edges up on retail investors’ buying support

The Qatar Stock Exchange Sunday saw its key index gain mere eight points although about 67% of the traded constituents extended gains to investors.

Six of the seven sectors experienced buying interests as the 20-stock Qatar Index settled 0.07% higher at 10,651.45 points.

The market, which was rather skewed towards movers, had touched an intraday high 10,666 points.

The Arab retail investors were seen net buyers in the main market, whose year-to-date losses truncated to 0.28%.

The Gulf individuals turned bullish, albeit at lower levels, in the main bourse, whose capitalisation grew QR1.58bn or 0.25% to QR630.18bn, mainly on account of small and microcap segments.

The foreign institutions and individuals were also seen net buyers in the main market, which saw a total of 0.5mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.24mn changed hands across 16 deals.

The Gulf institutions continued to be net buyers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.

The Islamic index was seen gaining faster than the other indices in the main market, which saw no trading of treasury bills.

The Total Return Index grew 0.43%, All Share Index by 0.21% and Al Rayan Islamic Index (Price) by 0.43%