Foreign institutions’ substantially stronger buying interests on Monday lifted the Qatar Stock Exchange above 9,100 levels and capitalisation expanded more than QR11bn.
Buying interests – particularly in insurance, industrials, telecom, real estate and banks – led the 20-stock Qatar Index surge 2.09% or 186 points to 9,117.39 points.
Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF reported 3.24% and 1.9% gains respectively.
Islamic stocks were seen however gaining slower than the conventional ones in the market, which is up 6.97% year-to-date.
Stronger gains – especially in the large cap stocks – expanded the market capitalisation 2.25% to QR505.49bn.
Trade turnover grew amidst lower volumes in the market, where banking, transport and telecom sectors together accounted for about 73% of the total volume.
The Total Return Index gained 2.09% to 16,063.83 points, All Share Index by 2.17% to 2,670.64 points and Al Rayan Islamic Index (Price) by 1.91% to 2,210.14 points.
The transport index soared 3.54%, industrials (2.79%), telecom (2.7%), realty (2.62%), banks and financial services (2.17% and consumer goods (0.71%); whereas transport declined 1.51%.
AS much as 50% of the stocks extended gains with major movers being Qatar Insurance, Industries Qatar, Ezdan, QNB, Qatar Islamic Bank, Qatar Electricity and Water, Qatari Investors Group, Gulf International Services, Ooredoo, Vodafone Qatar, Medicare Group, Masraf Al Rayan and Qatar Oman Investment; while Nakilat, Mesaieed Petrochemical Holding, Zad Holding and Investment Holding Group bucked the trend.
Non-Qatari institutions’ net buying grew influentially to QR271.13mn compared to QR149.68mn on June 3.
Domestic institutions’ net profit booking declined substantially to QR43.15mn against QR109.87mn on Sunday.
The Gulf individuals’ net selling weakened marginally to QR6.13mn compared to QR7.47mn the previous day.
However, local individuals’ net profit booking grew considerably to QR206.98mn against QR24.83mn on June 3.
Non-Qatari individuals’ net selling strengthened significantly to QR9.69mn compared to QR3.99mn on Sunday.
The Gulf institutions’ net profit booking increased perceptibly to QR5.18mn against QR3.51mn the previous day.
Total trade volume fell 11% to 10.11mn shares, while value grew 31% to QR523.61mn and transactions by 92% to 6,937.
The insurance sector’s trade volume more than quadrupled to 0.58mn equities and value also more than quadrupled to QR20.5mn on more than seven-fold jump in deals to 276.
The consumer goods sector’s trade volume more than doubled to 0.4mn stocks and value almost doubled to QR24.94mn on more than doubled transactions to 483.
The telecom sector’s trade volume soared 57% to 1.73mn shares, while value fell 32% to QR22.23mn despite 60% higher deals at 467.
The banks and financial services sector saw 2% jump in trade volume to 3.76mn equities and 57% in value to QR347.63mn on almost tripled transactions to 2,967.
However, the transport sector’s trade volume plummeted 52% to 1.88mn stocks, value by 52% to QR29.7mn and deals by 22% to 864.
There was 33% plunge in the industrials sector’s trade volume to 1.29mn shares but on 21% expansion in value to QR72.41mn and more than doubled transactions to 1,621.
The real estate sector’s trade volume was down 2% to 0.47mn equities, whereas value grew 10% to QR6.2mn and deals by 35% to 259.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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