Buying support from local, Gulf and non-Qatari individual investors on Monday extended the bullish run in the Qatar Stock Exchange for the second day and its key index surpassed the 10,600 levels.

Telecom, real estate and industrials counters witnessed higher demand, which led the 20-stock Qatar Index gain 0.13% to 10,609.64 points.

Brisk buying was seen among micro and small cap equities in the market, whose year-to-date gains were at 1.66%.

Islamic stocks were seen outperforming the main index in the bourse, where net buying by foreign institutions weakened and there was also higher net profit booking their Gulf counterparts.

Trade turnover and higher volumes were on the increase in the bourse, where realty, telecom and banking sectors together accounted for more than 80% of the total volumes.

Market capitalisation was up QR0.58mn or 0.1% to QR568.52bn as micro, small and large cap equities gained 0.6%, 0.47% and 0.2% respectively, while midcaps declined 0.63%.

The Total Return Index rose 0.13% to 17,165.69 points, All Share Index by 0.08% to 2,912.36 points and Al Rayan Islamic Index by 0.21% to 3,981.22 points.

The telecom sector saw its index gain 0.77%, realty (0.66%) and industrials (0.4%), whereas insurance fell 0.48%, consumer goods (0.34%), banks and financial services (0.21%) and transport (0.02%).

Major gainers included Commercial Bank, Ooredoo, Qatar Electricity and Water, Qatar National Cement, Barwa, Mazaya Qatar, Ezdan, Aamal Company, Qatari Investors Group, Gulf Warehousing, Alijarah Holding, Dlala and Salam International Investment.

Nevertheless, Industries Qatar, Gulf International Services, Vodafone Qatar, Milaha, Qatar Islamic Bank, Doha Bank, al khaliji and United Development Company were among the losers.

Local retail investors turned net buyers to the extent of QR7.5mn compared with net sellers of QR22.19mn on February 5.

The GCC (Gulf Cooperation Council) retail investors were also net buyers to the tune of QR1.15mn against net sellers of QR3.87mn on Sunday.

Non-Qatari individual investors’ net buying increased perceptibly to QR3.22mn compared to QR0.79mn the previous day.

However, the GCC institutions’ net selling strengthened considerably to QR18.7mn against QR7.59mn on February 5.

Non-Qatari institutions’ net buying fell substantially to QR8.58mn compared to QR31.9mn on Sunday.

Domestic institutions turned net profit takes to the extent of QR1.72mn against net buyers of QR0.97mn the previous day.

Total trade volume rose 35% to 8.81mn shares, value by 42% to QR238.86mn and deals by 31% to 3,151.

The market witnessed 90% surge in the industrials sector’s trade volume to 0.8mn equities, 80% in value to QR49.13mn and 20% in transactions to 679.

The real estate sector’s trade volume soared 68% to 3.19mn stocks, value by 56% to QR59.17mn and deals by 18% to 591.

The insurance sector reported 60% expansion in trade volume to 0.08mn shares and 65% in value to QR7.18mn on more than doubled transactions to 103.

The banks and financial services sector’s trade volume shot up 44% to 1.17mn equities, value by 68% to QR48.49mn and deals by 83% to 996.

There was 23% increase in the telecom sector’s trade volume to 2.73mn stocks, 53% in value to QR36.53mn and 45% in transactions to 330.

However, the consumer goods sector’s trade volume plummeted 34% to 0.39mm shares, value by 19% to QR23.72mn and deals by 13% to 299.

The transport sector witnessed 21% shrinkage in trade volume to 0.44mn equities, 7% in value to QR14.64mn and 9% in transactions to 153.

In the debt market, there was no trading of treasury bills and government bonds.

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