Strong signals of a third round of talks between the US and Iran talks had its reflection in the regional bourses, including the Qatar Stock Exchange (QSE), which Monday saw its key index zoom 121 points and capitalisation add in excess of QR7bn.
The foreign funds were seen net buyers as the 20-stock Qatar Index shot up 1.08% to 11,282.24 points, recovering from an intraday low of 11,143 points.
The banks and telecom counters witnessed higher than average demand in the main market, which saw 4.83% gains year-to-date.
About 56% of the traded constituents returned gains to investors in the main bourse, whose capitalisation added QR7.03bn or 1.06% to QR672.17bn mainly on large and small cap segments.
The Gulf funds were seen net buyers in the main market, whose trade turnover and volumes were on the rise.
The Arab individuals turned bullish in the main market, which saw as many as 9,150 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.06mn trade across 12 deals.
However, the local retail investors were net profit takers in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills.
The Total Return Index gained 1.11%, the All Share Index by 1.09% and the All Islamic Index by 0.82% in the main bourse.
The banks and financial services sector index rose 1.45%, telecom (1.44%), transport (1.07%), consumer goods and services (0.73%) and industrials (0.49%); while real estate and insurance declined 0.47% and 0.15% respectively.
As many as 29 gained, while 20 declined and three were unchanged.
Major gainers in the main market included Widam Food, Salam International Investment, Qamco, QNB, QIIB, AlRayan Bank, Lesha Bank, Qatar German Medical Devices, Qatar National Cement, Medicare Group, Ooredoo, Vodafone Qatar, Nakilat and Milaha.
Nevertheless, Al Mahhar Holding, Baladna, Medicare Group, United Development Company and Meeza were among the losers in the main bourse. In the venture market, Techno Q saw its shares depreciate in value.
The foreign institutions turned net buyers to the tune of QR38.46mn compared with net sellers of QR9.46mn on Sunday.
The Gulf institutions were net buyers to the extent of QR9.64mn against net sellers of QR2.47mn the previous day.
The Arab individuals turned net buyers to the tune of QR3.73mn compared with net sellers of QR1.83mn on February 22.
However, the local retail investors were net sellers to the extent of QR38.51mn against net buyers of QR2.63mn on Sunday.
The domestic funds turned net profit takers to the tune of QR11.49mn compared with net buyers of QR8.7mn the previous day.
The foreign individuals were net sellers to the extent of QR1.49mn against net buyers of QR1.24mn on February 22.
The Gulf retail investors turned net sellers to the tune of QR0.34mn compared with net buyers of QR1.16mn on Sunday.
The Arab funds had no major net exposure against net buyers to the extent of QR0.03mn the previous day.
The main market saw 72% surge in trade volumes at 154.85mn shares and 90% in value to QR449.21mn on more than doubled deals to 38,425.
In the venture market, a total of 0.04mn equities valued at QR0.08mn changed hands across 15 transactions.
