The Qatar Stock Exchange on Sunday crossed the 9,100 levels mainly on the back on strong buying in industrials, telecom and real estate scrips.
The bullish outlook of domestic institutions drove the 20-stock Qatar Index up 0.57% at 9,140.19 points.
Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF witnessed 1.09% and 0.81% gains respectively.
The weakened net selling of Gulf funds also had its sway on the market, which is up 7.24% year-to-date.
Buying interests were more perceptible within the large- and small-cap segments in the bourse, whose capitalisation gained 0.83% to QR510.39bn.
Trade turnover and volumes were on the rise in the market, where the industrials, real estate and banking sectors together accounted for about 79% of the total volume.
The Total Return Index rose 0.57% to 16,104.01 points, the All Share Index by 0.7% to 2,722 points and the Al Rayan Islamic Index (Price) by 0.84% to 2,307.52 points.
The industrials index soared 2.54%, followed by realty (0.94%), telecom (0.92%) and consumer goods (0.63%); whereas transport declined 1.1% and insurance 0.09%. The banks and financial services index was rather flat.
About 70% of the traded stocks extended gains with major movers being Industries Qatar, Aamal Company, Qatari Investors Group, Mesaieed Petrochemical Holding, Ezdan, United Development Company, Qatari German Company for Medical Devices, Ooredoo and Vodafone Qatar.
Milaha, Barwa, Masraf Al Rayan, Mannai Corporation, Widam Food and Gulf International Services were among the major losers.
Domestic institutions turned net buyers to the tune of QR12.82mn against net sellers of QR16.11mn on April 26.
Gulf institutions’ net profit-booking declined substantially to QR4.17mn compared to QR14.34mn last Thursday.
However, local individuals were net sellers to the extent of QR10.24mn against net buyers of QR22.34mn the previous trading day.
Non-Qatari individuals were also net sellers to the tune of QR0.6mn compared with net buyers of QR1.62mn on April 26.
Non-Qatari institutions’ net buying weakened influentially to QR1.94mn against QR5.9mn last Thursday.
Gulf individuals’ net buying weakened perceptibly to QR0.24mn compared to QR0.61mn the previous trading day.
Total trade volume rose 8% to 8.02mn shares and value by 7% to QR198.42mn, while transactions fell 11% to 2,950.
The industrials sector reported a 45% surge in trade volume to 3.96mn equities, 33% in value to QR75.13mn and 2% in transactions to 918.
The real estate sector’s trade volume soared 29% to 1.2mn stocks, value by 18% to QR14.37mn and deals by 16% to 436.
There was a 24% increase in the consumer goods sector’s trade volume to 0.36mn shares, 23% in value to QR33.16mn and 18% in transactions to 363.
However, the transport sector’s trade volume plummeted 39% to 0.59mn equities, 38% in value to QR12.48mn and 52% in deals to 244.
The market witnessed a 30% plunge in the telecom sector’s trade volume to 0.65mn stocks, 39% in value to QR14.86mn and 49% in transactions to 247.
The banks and financial services sector’s trade volume tanked 22% to 1.16mn shares, whereas value grew 1% to QR44.55mn despite 1% lower deals at 649.
The insurance sector saw a 15% shrinkage in trade volume to 0.11mn equities but on a 34% growth in value to QR3.87mn and 9% in transactions to 93.
In the debt market, there was no trading of treasury bills and sovereign bonds.
