Foreign funds’ strong bullish outlook on Monday helped the Qatar Stock Exchange gain 225 points to comfortably inch near 9,000 levels.

Expectations on dividends by the companies rather led the 20-stock Qatar Index surge 2.57% to 8,971.82 points. The listed constituents’ 2017 results are expected soon.
Buying was seen more pronounced in insurance, transport and industrials counters in the market, whose capitalisation expanded 2.4% to QR493.69bn.
Trade turnover and volumes grew substantially on the bourse, where industrials, real estate and banking sectors together accounted for more than 79% of the total volume.
The Total Return Index gained 2.57% to 15,051.92 points, Al Rayan Islamic Index by 1.48% to 3,614.55 points and All Share Index by 2.51% to 2,567.51 points.
The insurance index shot up 5.15%, transport (3.01%), industrials (2.59%), realty (2.56%), banks and financial services (2.49%) and telecom (1.77%); whereas consumer goods declined 0.33%.
About 70% of the stocks extended gains with major movers being Qatar Insurance, QNB, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, Gulf International Services, Mesaieed Petrochemical Holding, Ooredoo, Milaha, Nakilat, Ezdan, United Development Company and Qatari Investors Group; whereas Gulf Warehousing, Medicare Group, Aamal Company and Islamic Holding Group were among the losers.
Non-Qatari institutions turned net buyers to the tune of QR46.82mn compared with net sellers of QR10.2mn on January 7.
Non-Qatari retail investors’ net buying increased perceptibly to QR2.18mn against QR0.41mn the previous day.
However, domestic institutions’ net selling strengthened considerably to QR33.61mn compared to QR10.07mn on Sunday.
Local individuals were net sellers to the extent of QR14.4mn against net buyers of QR19.29mn on January 7.
The Gulf retail investors’ net profit booking increased to QR1.69mn compared to QR0.51mn the previous day.
The Gulf institutions’ net buying declined marginally to QR0.74mn against QR1.06mn on Sunday.
Total trade volume almost doubled to 15.2mn shares and value more than doubled to QR411.39mn on 88% increase in deals to 6,694.
The consumer goods sector’s trade volume more than doubled to 0.95mn equities and value almost tripled to QR43.13mn on 89% jump in transactions to 650.
The industrials sector’s trade volume more than doubled to 4.05mn stocks and value more than tripled to QR94.44mn on more than doubled deals to 1,590.
The real estate sector’s trade volume almost doubled to 4.04mn shares and value soared 69% to QR71.08mn on more than doubled transactions to 1,425.
The telecom sector’s trade volume almost doubled to 0.96mn equities and value more than doubled to QR16.4mn on more than doubled deals to 398.
The insurance sector’s trade volume expanded 63% to 0.13mn stocks, value by 73% to QR6.42mn and transactions by 36% to 145.
The banks and financial services sector saw 51% surge in trade volume to 3.92mn shares, 76% in value to QR150.11mn and 57% in deals to 2,006.
The transport sector’s trade volume grew 47% to 1.16mn equities, value by 37% to QR29.8mn and transactions by 12% to 480.
In the debt market, there was no trading of treasury bills and sovereign bonds.

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