The Qatar Stock Exchange (QSE) Sunday opened the week on a stronger note with its key index gaining as much as 57 points on an across the board buying.
The Arab individuals were seen net buyers as the 20-stock Qatar Index shot up 0.52% to 11,124.98 points, although it touched an intraday high of 11,193 points.
The telecom, real estate, industrials and insurance counters witnessed higher than average demand in the main market, whose year-to-date gains improved to 3.37%.
About 83% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR2.75bn or 0.41% to QR666.24bn mainly on small cap segments.
The foreign institutions were increasingly bullish in the main bourse, whose trade turnover and volumes were on the decline.
The Islamic index was seen outperforming the other indices of the main market, which saw as many as 5,285 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.05mn trade across eight deals.
The foreign retail investors were seen net buyers, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.
The Gulf institutions continued to be net buyers but with lesser intensity in the main market, which saw no trading of treasury bills.
The Total Return Index gained 0.52%, the All Share Index by 0.41% and the All Islamic Index by 0.81% in the main bourse.
The telecom sector index shot up 1.26%, realty (1.07%), industrials (0.89%), insurance (0.61%), consumer goods and services (0.49%), transport (0.39%) and banks and financial services (0.1%).
As many as 43 gained, while only three declined and six were unchanged.
Major movers in the main market included Estithmar Holding, Widam Food, Alijarah Holding, Mannai Corporation, Qatar General Insurance and Reinsurance, Dukhan Bank, QIIB, Commercial Bank, Qatar German Medical Devices, Al Faleh Educational Holding, Baladna, Gulf International Services, Industries Qatar, Vodafone Qatar and Ooredoo. In the juniour bourse, Techno Q saw its shares appreciate in value.
Nevertheless, QNB, Qamco and Al Mahhar Holding were the three shakers in the main market.
The Arab individual investors turned net buyers to the tune of QR8.66mn compared with net sellers of QR21.06mn last Thursday.
The foreign institutions’ net buying increased noticeably to QR3.48mn against QR0.51mn the previous trading day.
The foreign individuals were net buyers to the extent of QR0.86mn compared with net sellers of QR2.93mn on January 15.
However, the local individuals turned net sellers to the tune of QR16.9mn against net buyers of QR3.6mn last Thursday.
The domestic funds were net sellers to the extent of QR5.89mn compared with net buyers of QR1.48mn the previous trading day.
The Gulf retail investors turned net profit takers to the tune of QR0.11mn against net buyers of QR2.71mn on January 15.
The Gulf institutions’ net buying weakened significantly to QR9.93mn compared to QR15.69mn last Thursday.
The Arab institutions had no major net exposure for the second straight session.
The main market saw a 9% fall in trade volumes to 117.04mn shares, 9% in value to QR353.58mn and 23% in deals to 30,251.
In the venture market, a total of 0.02mn equities valued at QR0.04mn changed hands across nine transactions.
