Reflecting the global sentiments on oil gains in view of expected demand recovery in China, the Qatar Stock Exchange (QSE) Monday rose more than 169 points and its key index inched towards 11,500 levels and capitalisation added in excess of QR10bn.
An across the board buying, especially in industrials, banking and insurance counters, led the 20-stock Qatar Index surge 1.5% to 11,466.7 points, recovering from an intraday low of 11,329 points.
The foreign institutions were seen net buyers in the main market, whose year-to-date gains improved further to 7.36%.
More than 82% of the traded constituents extended gains in the main bourse, whose capitalisation saw QR10.48bn or 1.64% increase to QR649.95bn, mainly led by mid and small cap segments.
The Gulf institutions were increasing into net buying in the main market, which saw a total of 0.31mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.83mn changed hands across 18 deals.
The foreign retail investors were seen increasingly bullish in the main bourse, which saw no trading of sovereign bonds.
The Islamic index gained slower than the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index shot up 1.5%, All Share Index by 1.56% and Al Rayan Islamic Index (Price) by 1.25% in the main bourse, whose trade turnover and volumes were on the increase.
The industrials sector index soared 1.93%, banks and financial services (1.67%), insurance (1.6%), consumer goods and services (1.43%), telecom (0.91%), real estate (0.74%) and transport (0.42%).
Major gainers in the main market included Qamco, Mannai Corporation, Doha Bank, Mesaieed Petrochemical Holding, Medicare Group, QNB, Commercial Bank, QIIB and Qatar National Cement.
Nevertheless, QLM, Dlala, Qatari German Medical Devices, Milaha and Mekdam Holding were among the shakers in the main market. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions turned net buyers to the tune of QR72.74mn compared with net sellers of QR18.01mn on January 8.
The Gulf institutions’ net buying increased significantly to QR29.19mn against QR12.16mn the previous day.
The foreign retail investors’ net buying expanded perceptibly to QR4.26mn compared to QR1.02mn on Sunday.
However, the domestic funds were net sellers to the extent of QR52.23mn against net buyers of QR0.82mn on January 8.
The local retail investors’ net profit booking strengthened considerably to QR35.09mn compared to QR6.3mn the previous day.
The Arab individuals turned net sellers to the tune of QR16.33mn against net buyers of QR9.8mn on Sunday.
The Gulf retail investors were net profit takers to the extent of QR2.54mn compared with net buyers of QR0.51mn on January 8.
The Arab institutions had no major net exposure for the second straight session.
The main market saw a 28% surge in trade volume to 158.36mn shares, 41% in value to QR568.85mn and 42% in deals to 20,201.
The venture market witnessed as many as 9,873 equities valued at QR12,009 change hands across two transactions.
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