Domestic institutions were increasingly net buyers as the 20-stock Qatar Index rose 0.84% to 10,688.78 points and market capitalisation added another QR4bn, mainly on the back of small, mid and microcap equities.
The global oil prices were range bound to trade over $58 a barrel, after the collective 1.8mn barrels per day production cut by oil producers became effective from January 1.
Lower selling pressure from Gulf institutions as well as and local and non-Qatari retail investors also played their part in the bourse, whose year-to-date gains stood at 2.41%.
Trade turnover and volumes increased in the bourse, where real estate and banking sectors together accounted for about 63% of the total trade volumes.
Market capitalisation rose 0.72% to QR575.2bn with small, mid, micro and large cap equities gaining 1.58%, 1.24%, 1.18% and 0.58% respectively.
The Total Return Index gained 0.84% to 17,293.73 points, All Share Index by 0.91% to 2,932.34 points and Al Rayan Islamic Index by 0.86% to 3,972.55 points.
The realty sector saw its index soar 2.53%, telecom (1.74%), insurance (1.21%), consumer goods (1.2%), transport (0.72%), banks and financial services (0.53%) and industrials (0.1%).
More than 77% of the traded stocks extended gains with major movers being Ezdan, Mazaya Qatar, United Development Company, Barwa, Ooredoo, Nakilat, Qatar Industrial Manufacturing, Mesaieed Petrochemical Holding, Qatar Electricity and Water, Woqod, QIIB, al khaliji, Doha Bank and Vodafone Qatar; even as Industries Qatar, Qatari Investors Group, Gulf International Services and Salam International Investment saw their stocks lose sheen.
Domestic institutions’ net buying increased perceptibly to QR9.11mn compared to QR4.86mn on January 3.
However, local retail investors’ net selling weakened marginally to QR45.56mn against QR47.84mn the previous day.
The GCC (Gulf Cooperation Council) institutions’ net profit booking declined to QR1.77mn against QR6.11mn on Tuesday.
Non-Qatari individual investors’ net selling also fell to QR3.11mn compared to QR6.11mn on January 3.
However, non-Qatari institutions’ net buying shrank substantially to QR42.2mn against QR55.34mn the previous day.
The GCC individual investors’ net profit booking increased to QR0.89mn compared to QR0.17mn on Tuesday.
Total trade volume rose 70% to 13.09mn shares, value by 45% to QR353.14mn and deals by 39% to 4,601.
The transport sector’s trade volume more than quadrupled to 1.07mn equities and value more than doubled to QR29.98mn on 33% increase in transactions to 233.
The real estate sector’s trade volume more than doubled to 4.68mn stocks and value more than doubled to QR85.85m on more than doubled deals to 1,202.
There was 59% surge in the industrials sector’s trade volume to 1.7mn shares, 18% in value to QR76.96mn and 30% in transactions to 1,081.
The banks and financial services sector’s trade volume soared 51% to 3.56mn equities, value by 22% to QR109.11mn and deals by 17% to 1,369.
The telecom sector reported 15% expansion in trade volume to 1.77mn stocks, 30% in value to QR26.43mn and 45% in transactions to 331.
However, the consumer goods sector’s trade volume plummeted 45% to 0.18mn shares, while value increased 31% to QR15.23mn and deals by 7% to 275.
The market witnessed 20% plunge in the insurance sector’s trade volume to 0.12mn equities, 18% in value to QR9.57mn and 32% in transactions to 110.
In the debt market, there was no trading of treasury bills and government bonds.
