Reflecting the easing of global banking crisis, the Qatar Stock Exchange (QSE) on Tuesday gained more than 207 points and its key index surpassed 10,300 levels and capitalisation gained in excess of QR11bn.
An across the board demand, especially in the industrials and transport counters, led the 20-stock Qatar Index vault 2.05% to 10,308.23 points.
The market, which was heavily skewed towards gainers, had recovered from an intraday low of 10,123 points.
The foreign funds were seen bullish in the main market, whose year-to-date losses truncated to 3.49%.
About 96% of the traded constituents extended gains to investors in the main bourse, whose capitalisation was seen adding QR11.36bn or 1.93% to QR599.92n, mainly on account of mid and small cap segments.
The Gulf retail investors were increasingly net buyers in the main market, which saw a total of 0.18mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.49mn changed hands across 16 deals.
The Arab individuals turned net buyers in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen gaining faster than then other indices in the main market, which saw no trading of treasury bills.
The Total Return Index gained 2.05%, All Share Index by 1.88% and Al Rayan Islamic Index (Price) by 2.18% in the main bourse, whose trade turnover and volumes were on the rise.
The industrials sector index shot up 2.61%, transport (.221%), banks and financial services (1.74%), consumer goods and services (1.51%), real estate (1.33%), insurance (1.17%) and telecom (0.98%).
Major gainers included Mannai Corporation, Qatar General Insurance and Reinsurance, Beema, Inma Holding, Masraf Al Rayan, Industries Qatar, Qamco and Nakilat. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Qatari German Medical Devices and Commercial Bank were losing sheen in the main market.
The foreign institutions turned net buyers to the tune of QR10.65mn compared with net sellers of QR35.62mn on March 27.
The Arab individuals were net buyers to the extent of QR2.19mn against net sellers of QR2.53mn the previous day.
The Gulf individual investors’ net buying expanded marginally to QR0.17mn compared to QR0.05mn on Monday.
The Gulf institutions’ net selling weakened noticeably to QR1.31mn against QR6.05mn on March 27.
However, the local retail investors turned net sellers to the tune of QR14.74mn compared with net buyers of QR12.39mn the previous day.
The foreign retail investors were net sellers to the extent of QR4.55mn against net buyers of QR5.95mn on Monday.
The domestic funds’ net buying shrank substantially to QR7.58nmn compared to QR27.1mn on March 27.
The Arab institutions had no major net exposure against net profit takers to the extent of QR1.26mn the previous day.
In the main market, trade volumes grew 3% to 203.52mn shares, value by 12% to QR531.74mn and deals by 11% to 18,596.