Ahead of the US Federal Reserve’s meeting on the interest rates, the Qatar Stock Exchange Monday gained more than 159 points on an across the board buying, especially

Gulf Times

in the realty, telecom and transport sectors.
The local retail investors were increasingly into net buying as the 20-stock Qatar Index shot up 1.7% to 9,518.55 points.
The Gulf institutions were seen bullish in the main market, whose year-to-date losses declined to 10.88%.
About 88% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR10.51bn or 1.91% to QR560.79bn with mid and small cap segments gaining the most.
The domestic institutions were seen net buyers in the main market, whose index regained from an intraday low of 9,385 points and touched an intraday high of 9,593 points.
The Islamic index was gaining slower than the other indices in the main bourse, which saw as many as 0.02mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.16mn trade across 15 deals.
The foreign individuals were increasingly net buyers in the main market, which saw as many as 0.13mn sovereign bonds valued at QR1.29bn changes across three transactions.
However, the foreign funds were seen increasingly squaring off their position in the main bourse, which saw no trading of treasury bills.
The Total Return Index gained 1.17%, the All Share Index by 1.69% and the Al Rayan Islamic Index (Price) by 1.62% in the main bourse, whose trade turnover and volumes were on the increase.
The realty sector index zoomed 3.84%, followed by telecom (3.45%), transport (2.71%), consumer goods and services (1.57%), banks and financial services (1.57%), insurance (1.57%) and industrials (1.02%).
Major gainers in the main market included Ooredoo, Qamco, Ezdan, Commercial Bank, Masraf Al Rayan, Mazaya Qatar, Gulf International Services, Baladna, Masraf Al Rayan, Nakilat, Widam Food, Qatari German Medical Devices, Mannai Corporation, Qatar Oman Investment, Dlala, Alijarah Holding and Al Meera.
In the venture market, both Al Faleh Educational Holding and Mahhar Holding saw their shares appreciate in value.
Nevertheless, QLM, Lesha Bank, Qatar General Insurance and Reinsurance, Aamal Company and Qatar Electricity and Water were among the losers in the main bourse.
The local retail investors’ net buying increased noticeably to QR25.16mn compared to QR10.49mn on October 29.
The Gulf institutions turned net buyers to the tune of QR15.74mn against net profit takers of QR0.7mn on Sunday.
The domestic funds were net buyers to the extent of QR14.16mn compared with net sellers of QR6.94mn the previous day.
The foreign individual investors’ net buying strengthened perceptibly to QR1.87mn against QR0.01mn on October 29.
However, the foreign institutions’ net selling increased substantially to QR64.49mn compared to QR13.13mn on Sunday.
The Arab individual investors’ net buying decreased markedly to QR7.53mn against QR9.25mn the previous day.
The Gulf retail investors’ net buying weakened marginally to QR0.03mn compared to QR1.02mn on October 29.
The Arab institutions had no major net exposure for the fifth straight session.
Trade volumes in the main market soared 69% to 353.55mn shares, value by 78% to QR826.41mn and deals by 70% to 26,021.
The venture market witnessed a 39% contraction in trade volumes to 1.74mn equities, 42% jump in value to QR2.66mn and 40% in transactions to 153.
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