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An across the board buying – especially in the telecom, industrials and real estate counters lifted the 20-stock Qatar Index 1.83% to 10,641.45 points.
The market, which was skewed towards gainers, saw its key barometer recover from an intraday low of 10,399 points, especially due to peak demand just before the closing.
The Arab retail investors were seen net buyers in the main market, whose year-to-date losses truncated further to 0.37%.
The domestic funds’ weakened net selling had its influence in the main bourse, whose capitalisation saw QR12.1bn or 2.08% jump to QR594.03bn, mainly led by large cap segments.
The foreign individuals’ lower net profit booking also had its role in the main market, which saw a total of 0.12mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.5mn changed hands across 27 deals.
The foreign institutions continued to be net buyer but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen gaining slower than the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index zoomed 2.12%, Al Rayan Islamic Index (Price) by 1.73% and |All Share Index by 1.95% in the main bourse, whose trade turnover declined amidst higher volumes.
The telecom sector index soared 3.3%, industrials (2.58%), real estate (2.32%), banks and financial services (1.82%), consumer goods and services (1.45%), insurance (0.84%) and transport (0.83%).
About 79% of the traded constituents extended gains with major gainers being Industries Qatar, Gulf International Services, Qamco, Qatar Industrial Manufacturing, Ooredoo, Mazaya Qatar, Gulf Warehousing, Estithmar Holding, Mannai Corporation, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Inma Holding, Qatari German Medical Devices, Qatar National Cement and Ezdan.
Nevertheless, Qatar General Insurance and Reinsurance, Woqod, Lesha Bank, Milaha and Mesaieed Petrochemical Holding were among the losers in the main market. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
The Arab individuals turned net buyers to the tune of QR1`1.96mn compared with net sellers of QR8.86mn on February 15.
The domestic institutions’ net profit booking declined perceptibly to QR27.04mn against QR32.13mn the previous day.
The foreign individual investors’ net selling weakened noticeably to QR2.36mn compared to QR4.39mn on Wednesday.
However, the local individuals’ net selling strengthened marginally to QR6.82mn against QR6.45mn on February 15.
The Gulf retail investors were net sellers to the extent of QR3.44mn compared with net buyers of QR1.33mn the previous day.
The Arab institutions turned net sellers to the tune of QR0.64mn against net buyers of QR0.04mn on Wednesday.
The Gulf institutions’ net buying shrank noticeably to QR26.52mn compared to QR34.27mn on February 15.
The foreign funds’ net buying weakened considerably to QR1.83mn against QR16.19mn the previous day.
The main market saw a 21% jump in trade volumes to 197.83mn shares but on 5% shrinkage in value to QR600.46mn and 15% in deals to 20,533.