Strong buying interests of foreign funds and individuals on Wednesday steered the Qatar Stock Exchange close to 10,000 levels.
Robust demand especially at transport and consumer goods counters rather imparted a 0.6% thrust to the 20-stock Qatar Index to 9,990.17 points.
Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF saw 1.49% and 0.76% gains respectively.
The Islamic equities were seen gaining faster than the other indices on the market, which reported 17.21% gains year-to-date.
Trade turnover and volumes were on the increase on the bourse, where banking, real estate and industrials sectors together accounted for about 73% of the total volume.
The Total Return Index rose 0.6% to 17,601.58 points, All Share Index by 0.59% to 2,914.18 points and Al Rayan Islamic Index (Price) by 0.67% to 2,389.15 points.
The transport index gained 1.69%, consumer goods (1.67%), industrials (0.56%), banks and financial services (0.54%), realty (0.29%) and telecom (0.19%); while insurance was down 0.22%.
More than 65% of the traded stocks extended gains with major movers being Milaha, Nakilat, QIIB, Masraf Al Rayan, Woqod, Qatari Investors Group, Mesaieed Petrochemical Holding, Mazaya Qatar and Barwa; while Doha Bank, Qatar Electricity and Water and Gulf Warehousing were among the losers.
Non-Qatari institutions’ net buying increased considerably to QR78.15mn compared to QR36.38mn on September 11.
Non-Qatari individuals’ net buying strengthened perceptibly to QR3.61mn against QR0.07mn the previous day.
The Gulf individuals turned net buyers to the tune of QR0.38mn compared with net sellers of QR0.13mn on Tuesday.
The Gulf institutions’ net profit booking declined marginally to QR3.38mn compared to QR4.03mn on September 11.
However, local individual investors’ net selling grew influentially to QR46.91mn against QR18.91mn the previous day.
Domestic institutions’ net profit booking also increased significantly to QR31.9mn compared to QR13.35mn on Tuesday.
Total trade volume rose 45% to 7.58mn shares, value by 54% to QR288.7mn and transactions by 38% to 4,367.
The insurance sector’s trade volume more than tripled to 0.3mn equities and value more than doubled to QR8.66mn on more than doubled deals to 165.
The consumer goods sector’s trade volume more than doubled to 0.43mn stocks and value almost tripled to QR36.17mn on almost doubled transactions to 341.
The telecom sector’s trade volume more than doubled to 0.64mn shares, value grew 7% to QR8.81mn and deals by 66% to 284.
The real estate sector reported 64% surge in trade volume to 1.99mn equities, 97% in value to QR36.65mn and 78% in transactions to 771.
The industrials sector’s trade volume soared 59% to 1.08mn stocks, value by 13% to QR38.17mn and deals by 24% to 1,039.
The banks and financial services sector saw 41% expansion in trade volume to 2.46mn shares, 62% in value to QR144.42mn and 41% in transactions to 1,520.
However, the transport sector’s trade volume declined 35% to 0.7mn equities, value by 26% to QR15.83mn and deals by 38% to 247.
In the debt market, there was no trading of treasury bills and sovereign bonds.