Stronger oil prices had its reflection on the Qatar Stock Exchange, which on Sunday opened the week on a stronger note with its key index gaining more than 66 points and capitalisation adding more than QR3bn.
The foreign funds were increasingly net buyers as the 20-stock Qatar Index rose 0.63% to 10,640.71 points, recovering from an intraday low of 10,573 points.
The telecom and banking counters witnessed higher than average demand in the main market, whose year-to-date gains widened to 0.66%.
More than 69% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR3.41bn or 0.55% to QR628.03bn on the back of small and midcap segments.
The Arab retail investors were seen bullish in the main market, which saw as many as 0.04mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.1mn trade across 15 deals.
The foreign individuals turned net buyers in the main bourse, whose trade turnover declined amidst higher volumes.
The Islamic index was seen outperforming the other indices of the main market, which saw no trading of treasury bills.
The Gulf institutions were seen net buyers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index gained 0.63%, the All Islamic Index by 0.81% and the All Share Index by 0.55% in the main market.
The telecom sector index shot up 1.31%, banks and financial services (0.72%), realty (0.58%), industrials (0.49%) and consumer goods and services (0.46%); while transport and insurance declined 0.52% and 0.21% respectively.
Major gainers in the main market included Lesha Bank, Mannai Corporation, Medicare Group, Inma Holding, Doha Bank, Qatar Islamic Bank, Estithmar Holding, Ezdan and Ooredoo.
Nevertheless, Beema, QLM, Milaha, Qatar Insurance, Al Meera, Qamco and Nakilat were among the shakers in the main bourse.
In the venture market, Techno Q saw its shares depreciate in value.
The foreign institutions’ net buying increased noticeably to QR25.8mn compared to QR16.87mn the previous trading day.
The Arab retail investors turned net buyers to the tune of QR3.78mn against net sellers of QR6.5mn on May 15.
The foreign individuals were net buyers to the extent of QR2.5mn compared with net sellers of QR7.72mn last Thursday.
The Arab institutions turned net buyers to the tune of QR1mn against no major net exposure the previous trading day.
The domestic institutions’ net profit booking weakened markedly to QR1.93mn compared to QR9.78mn on May 15.
However, the Qatari individual investors’ net selling expanded significantly to QR36.24mn against QR6.47mn last Thursday.
The Gulf retail investors’ net profit booking strengthened marginally to QR0.71mn compared to QR0.4mn the previous trading day.
The Gulf institutions’ net buying weakened considerably to QR5.8mn against QR14mn on May 15.
The main market witnessed a 27% surge in trade volumes to 214.34mn shares but on 6% decline in value to QR419.27mn and 31% in deals to 15,435.
In the venture market, a total of 25,650 equities valued at QR0.07mn changed hands across five transactions.
The foreign funds were increasingly net buyers as the 20-stock Qatar Index rose 0.63% to 10,640.71 points, recovering from an intraday low of 10,573 points.
