Stronger buying, especially in the realty and industrials stocks, on Sunday steered the Qatar Stock Exchange to near 10,800 levels.
Mainly aided by domestic institutions, the 20-stock Qatar Index gained 33 points or 0.3% for the third consecutive session to 10,742.03 points.
Islamic stocks were seen outperforming the main index in the market, whose year-to-date gains were at 2.92%.
Trade turnover increased amid lower volumes in the bourse, where industrials, banking and real estate sectors together accounted for more than 78% of the total volumes.
Market capitalisation was up QR56mn or 0.1% to QR576.86bn with micro, large and small cap equities adding 0.18%, 0.13% and 0.03% respectively, while midcaps fell 0.33%.
The Total Return Index rose 0.3% to 17,379.89 points, All Share Index by 0.17% to 2,942.81 points and Al Rayan Islamic Index by 0.51% to 3,999.07 points.
The realty sector saw its index expand 0.66%, industrials (0.53%), banks and financial services (0.10%), transport (0.08%) and consumer goods (0.07%), while insurance and telecom declined 1.26% and 0.25% respectively.
As much as 50% of the stocks extended gains with major movers being Aamal Company, Mannai Corporation, Widam Food, Ezdan, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, QIIB, Vodafone Qatar, Mesaieed Petrochemical Holding, Gulf Warehousing and Nakilat; even as QNB, Ooredoo, Qatar First Bank, Alijarah Holding and Doha Bank were among the losers.
Domestic institutions’ net buying strengthened substantially to QR25.94mn compared to QR10.02mn on January 12.
The GCC (Gulf Cooperation Council) individual investors buying increased to QR1.46mn against QR1.04mn last Thursday.
Non-Qatari individual investors’ net selling weakened to QR1.44mn compared to QR4.65mn the previous trading day.
However, non-Qatari institutions’ net buying fell considerably to QR13.51mn against QR27.66mn on January 12.
Local retail investors’ net profit booking strengthened to QR36.82mn compared to QR32.44mn last Thursday.
The GCC institutions’ net selling also increased perceptibly to QR2.65mn against QR1.63mn the previous trading day.
Total trade volume fell 14% to 6.81mn shares, while value rose 9% to QR199.55mn but on 14% decline in deals to 2,444.
The banks and financial services sector saw 58% plunge in trade volume to 1.64mn equities, 9% in value to QR64.62mn and 39% in transactions to 691.
The insurance sector’s trade volume plummeted 43% to 0.04mn stocks, value by 59% to QR1.76mn and deals by 47% to 60.
There was 41% shrinkage in the telecom sector’s trade volume to 0.85mn shares, 47% in value to QR9.09mn and 30% in transactions to 150.
However, the consumer goods sector’s trade volume almost tripled to 0.43mn equities and value also almost tripled to QR27.42mn on almost doubled deals to 447.
The industrials sector’s trade volume more than doubled to 2.08mn stocks, value gained 14% to QR59.86mn and transactions by 5% to 628.
The transport sector’s trade volume more than doubled to 0.17mn shares and value also more than doubled to QR6.15mn on 21% increase in deals to 111.
The market witnessed 8% expansion in the real estate sector’s trade volume to 1.6mn equities, 19% in value to QR30.65m and 41% in transactions to 657.
In the debt market, there was no trading of treasury bills and government bonds.
Trade turnover increased on Sunday amid lower volumes in the bourse.
