Domestic and Gulf institutions’ stronger buying support on Monday lifted the Qatar Stock Exchange for the fourth consecutive session.
Consumer goods, industrials, realty and banking counters witnessed higher demand, which led the 20-stock Qatar Share gain 17 points or 0.16% to 10,759.4 points.
Islamic stocks were seen outperforming the main index in the market, whose year-to-date gains were at 3.09%.
Trade turnover and volumes increased in the bourse, where banking, industrials and real estate sectors together accounted for about 80% of the total volumes.
Market capitalisation rose more than QR1bn or 0.18% to QR577.92bn with small, mid, large and microcap equities gaining 0.65%, 0.43%, 0.1% and 0.03% respectively.
The Total Return Index gained 0.16% to 17,407.99 points, All Share Index by 0.2% to 2,498.8 points and Al Rayan Islamic Index by 0.18% to 4,006.09 points.
The consumer goods and services sector saw its index expand 0.64%, industrials (0.52%), realty (0.29%), banks and financial services (0.24%) and transport (0.05%), whereas telecom and insurance fell 0.93% and 0.6% respectively.
About 58% of the traded stocks extended gains with major movers being Doha Bank, Aamal Company, Qatar Electricity and Water, Woqod, Ezdan, Barwa, QNB, QIIB, Qatar First Bank, Nakilat and Salam International Investment.
Nevertheless, Ooredoo, Qatar Insurance, Masraf Al Rayan, Commercial Bank, Alijarah Holding, Gulf International Services, Mesaieed Petrochemical Holding, Mazaya Qatar and United Development Company were among the losers.
Domestic institutions’ net buying strengthened substantially to QR89.08mn compared to QR25.94mn on January 15.
The GCC (Gulf Cooperation Council) institutions turned net buyers to the tune of QR13.27mn against net sellers of QR2.65mn on Sunday.
However, local retail investors’ net profit booking shot up to QR81.77mn compared to QR36.82mn the previous day.
Non-Qatari institutions turned net sellers to the extent of QR12.82mn against net buyers of QR13.51mn on January 15.
Non-Qatari individual investors’ net selling increased considerably to QR7.77mn compared to QR1.44mn on Sunday.
The GCC individual investors buying weakened to QR0.03mn against QR1.46mn the previous day.
Total trade volume rose 25% to 8.52mn shares, value by 51% to QR302.29mn and deals by 42% to 3,460.
The transport sector’s trade volume almost tripled to 0.49mn equities and value more than doubled to QR14.4mn on more than doubled transactions to 307.
The insurance sector’s trade volume almost tripled to 0.11mn stocks and value more than quadrupled to QR7.89mn on 38% jump in deals to 83.
The banks and financial services sector saw 80% surge in trade volume to 2.95mn shares to more than double value to QR139.52mn on almost doubled transactions to 1,377.
The telecom sector’s trade volume soared 12% to 0.95mn equities, value by 43% to QR12.99mn and deals by 21% to 181.
The market witnessed 7% expansion in the real estate sector’s trade volume to 1.72mn stocks and 10% in value to QR33.84m but on 43% decline in transactions to 372.
The industrials sector’s trade volume was up 1% to 2.11mn shares, value by 42% to QR85.16mn and deals by 42% to 894.
However, there was 56% plunge in the consumer goods sector’s trade volume to 0.19mn equities, 69% in value to QR8.5mn and 45% in transactions to 246.
In the debt market, there was no trading of treasury bills and government bonds.
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