Domestic institutions and local retail investors on Thursday turned net buyers to lift the Qatar Stock Exchange.
Stronger buying – especially at the transport and insurance counters – led the 20-stock Qatar Index to gain 0.26% to 8,630.67 points.
Mid and small-cap equities witnessed stronger buying interests in the bourse, which, however, saw foreign and Gulf funds turn bearish.
Islamic equities were seen outperforming the main market, whose capitalisation was up 0.11% to QR477.78bn.
Trade turnover and volumes were on the increase in the bourse, where the real estate, banking and industrials sectors together accounted for about 80% of the total volume.
The Total Return Index gained 0.26% to 14,473.56 points, the Al Rayan Islamic Index by 0.99% to 3,502.33 points and the All Share Index by 0.07% to 2,474.04 points.
The transport index soared 2.21%, followed by insurance (2.04%), industrials (0.86%), consumer goods (0.6%) and telecom (0.16%); whereas realty declined 1.44% and banks and financial services lost 0.38%.
About 54% of the stocks extended gains with major movers being Gulf Warehousing, Nakilat, Milaha, QIIB, Qatar Islamic Bank, Qatar Industrial Manufacturing, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Ooredoo and United Development Company.
Nevertheless, Commercial Bank, QNB, Qatar Islamic Bank, Qatar First Bank, Qatari German Company for Medical Devices, Ezdan, Mazaya Qatar and Vodafone Qatar were among the losers.
Domestic institutions turned net buyers to the tune of QR10.86mn compared with net sellers of QR14.53mn on January 3.
Local individuals were also net buyers to the extent of QR8.26mn against net profit-takers of QR0.46mn the previous day.
However, non-Qatari institutions turned net sellers to the tune of QR13.04mn compared with net buyers of QR9.05mn on Wednesday.
Gulf institutions were also net sellers to the extent of QR5.56mn against net buyers of QR0.18mn on January 3.
Gulf individual investors turned net sellers to the tune of QR0.92mn compared with net buyers of QR0.66mn the previous day.
Non-Qatari retail investors’ net buying declined substantially to QR0.45mn against QR5.15mn on Wednesday.
Total trade volume rose 1% to 8.71mn shares, value by 19% to QR236.61mn and deals by 7% to 3,983.
The insurance sector’s trade volume more than doubled to 0.14mn equities and value more than tripled to QR6.93mn on a 34% increase in transactions to 71.
The transport sector reported a 54% surge in trade volume to 0.77mn stocks, 60% in value to QR16.78mn and 65% in deals to 485.
The banks and financial services sector’s trade volume soared 46% to 2.42mn shares, value by 63% to QR98.09mn and transactions by 22% to 1,188.
The market witnessed a 31% increase in the telecom sector’s trade volume to 0.63mn equities to more than double value to QR19.77mn on a 65% expansion in deals to 376.
The industrials sector’s trade volume was up 1% to 1.5mn stocks, value by 11% to QR40.35mn and transactions by 3% to 799.
However, there was a 52% plunge in the consumer goods sector’s trade volume to 0.23mn shares, 60% in value to QR11.69mn and 39% in deals to 309.
The real estate sector’s trade volume plummeted 23% to 3.02mn equities, value by 18% to QR43mn and transactions by 16% to 755.
In the debt market, there was no trading of treasury bills and sovereign bonds.