An across the board buying – especially in the insurance, telecom and consumer goods sectors – Tuesday lifted the Qatar Stock Exchange and its key index gained 44 points.
The foreign institutions were increasingly into net buying as the 20-stock Qatar Index rose 0.43% to 10,272.52 points.
The market, which was skewed towards gainers, touched an intraday high of 10,316 points.
The Gulf institutions were also increasingly into net buying in the main market, whose year-to-date losses narrowed to 3.82%.
The foreign individuals’ bullish grip strengthened in the main bourse, whose capitalisation added QR0.71bn or 0.12% to QR597.45bn, mainly on account of small cap segments.
The Arab retail investors turned net buyers in the main market, which saw a total of 0.1mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.68mn changed hands across 41 deals.
The Gulf individuals were also bullish in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen outperforming the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index rose 0.43%, the All Share Index by 0.37% and the Al Rayan Islamic Index (Price) by 0.47% in the main bourse, whose trade turnover and volumes were on the increase.
The insurance sector index shot up 1.47%, telecom (0.7%), consumer goods and services (0.49%), transport (0.35%), banks and financial services (0.33%), real estate (0.31%) and industrials (0.21%).
More than 59% of the traded constituents extended gains to investors in the main market with major movers being Alijarah Holding, Gulf International Services, Qatar Insurance, Qatari German Medical Devices, QIIB, Mannai Corporation, Baladna, Ezdan Holding, Mazaya Qatar and Ooredoo.
Nevertheless, Ahlibank Qatar, Inma Holding, Zad Holding, Mekdam Holding, Doha Insurance and Gulf Warehousing were among the losers in the main market.
In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased perceptibly to QR13.54mn compared to QR12.09mn on April 10.
The Gulf institutions’ net buying rose markedly to QR6.83mn against QR5.42mn the previous day.
The foreign individual investors’ net buying grew noticeably to QR3.32mn compared to QR0.97mn on Monday.
The Arab individuals turned net buyers to the tune of QR3.14mn against net sellers of QR1.02mn on April 10.
The Gulf retail investors were net buyers to the extent of QR2.32mn compared with net sellers of QR0.13mn the previous day.
However, the domestic institutions’ net selling increased notably to QR33.06mn against QR28.36mn on Monday.
The local retail investors’ net buying weakened significantly to QR3.91mn compared to QR11.53mn on April 10.
The Arab institutions continued to have no major net exposure for the fourth straight session.
In the main market, trade volumes jumped 57% to 146.69mn shares, value by 47% to QR390.67mn and deals by 57% to 14,229.
