The Qatar Stock Exchange (QSE) Sunday opened the week on a stronger note with its key index gaining 22 points, extending the bullish run for the second consecutive session.

Gulf Times

Buying interests, especially in the telecom, transport, real estate, consumer goods and banking sectors led the 20-stock Qatar Index jump 0.21% to 10,386.51 points.
The foreign individuals were seen net buyers in the main market, whose year-to-date losses narrowed further to 2.76%.
About half of the traded constituents extended gains to investors in the main bourse, which touched an intraday high of 10,398 points.
The foreign institutions turned bullish in the main market, whose capitalisation added QR1.54bn or 0.25% to QR613.85bn with small and microcap segments gaining the most.
The Gulf funds continued to be net buyers but with lesser intensity in the main bourse, which saw a total of 1,845 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.01mn changed hands across four deals.
The domestic institutions were seen increasingly into net profit booking in the main market, which saw no trading of sovereign bonds.
The Islamic index underperformed the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index rose 0.21%, All Share Index by 0.18% and Al Rayan Islamic Index (Price) by 0.13% in the main bourse, whose trade turnover and volumes were on the decline.
The telecom sector index soared 2.78%, transport (0.46%), real estate (0.39%), consumer goods and services (0.38%) and banks and financial services (0.28%); while industrials and insurance declined 0.77% and 0.21% respectively.
Major gainers in the main market included Meeza, Widam Food, Ooredoo, Medicare Group, Doha Insurance, Qatar National Cement and Gulf Warehousing.
Nevertheless, Qatar General Insurance and Reinsurance, Qatar Islamic Insurance, Lesha Bank, Estithmar Holding, Industries Qatar, Inma Holding and Al Khaleej Takaful were among the losers in the main bourse. In the venture market, Mahhar Holding saw its shares depreciate in value.
The foreign individuals turned net buyers to the tune of QR1.72mn compared with net sellers of QR6.51mn on August 24.
The foreign institutions were net buyers to the extent of QR0.42mn against net sellers of QR7.17mn last Thursday.
The local individuals’ net selling declined perceptibly to QR5.83mn compared to QR10.64mn the previous trading day.
However, the domestic funds’ net profit booking expanded considerably to QR13.64mn against QR1.21mn on August 24.
The Gulf institutions’ net buying weakened noticeably to QR12.24mn compared to QR16.85mn last Thursday.
The Arab individual investors’ net buying decreased considerably to QR4.82mn against QR8.02mn the previous trading day.
The Gulf individual investors’ net buying eased marginally to QR0.27mn compared to QR0.66mn on August 24.
The Arab institutions had no major net exposure for the second straight session.
Trade volumes in the main market shrank 15% to 136.99mn shares, value by 24% to QR294.36mn and deals by 38% to 10,724.
The venture market saw a 30% contraction in trade volumes to 0.73mn equities and 30% in value to QR1.56mn but on 43% growth in transactions to 170.