Strong buying – especially in transport and real estate – on Thursday helped Qatar Stock Exchange break the 10,000 resistance level.
Weakened net selling pressure from local retail investors and domestic funds led the 20-stock Qatar Index gain 0.32% to 10,021.96 points.
Doha Bank sponsored exchange traded fund QATR gained 0.2%; while Masraf Al Rayan sponsored QETF was unchanged.
The Islamic equities were seen gaining slower than the other indices in the market, which reported 17.58% gains year-to-date.
Trade turnover and volumes were on the decline in the bourse, where banking, industrials and real estate sectors together accounted for about 76% of the total volume.
The Total Return Index rose 0.32% to 17,657.58 points, All Share Index by 0.46% to 2,927.52 points and Al Rayan Islamic Index (Price) by 0.1% to 2,391.43 points.
The transport index gained 1.82%, realty (1.48%), consumer goods (0.72%), insurance (0.59%), banks and financials (0.2%), telecom (0.03%) and industrials (0.02%).
More than 56% of the traded stocks extended gains with major movers being Milaha, Ezdan, Mannai Corporation, Mesaieed Petrochemical Holding, Barwa and Nakilat; even as Qatar First Bank, Qatar National Cement, Qatari Investors Group, Mazaya Qatar and Gulf Warehousing wer among the losers.
Local individual investors’ net selling declined influentially to QR32.27mn compared to QR46.91mn the previous day.
Domestic institutions’ net profit booking also weakened significantly to QR23.63mn against QR31.9mn on Wednesday.
The Gulf institutions’ net selling shrank perceptibly to QR1.19mn compared to QR3.38mn on September 12.
However, non-Qatari individuals turned net sellers to the tune of QR2.04mn against net buyers of QR3.61mn the previous day.
The Gulf individuals were also net profit takers to the extent of QR1.69mn compared with net buyers of QR0.38mn on Wednesday.
Non-Qatari institutions’ net buying eased considerably to QR60.79mn against QR78.15mn on September 12.
Total trade volume fell 30% to 5.31mn shares, value by 36% to QR185.44mn and transactions by 25% to 3,280.
The insurance sector’s trade volume plummeted 90% to 0.03mn equities, value by 86% to QR1.24mn and deals by 76% to 40.
The consumer goods sector reported 51% plunge in trade volume to 0.21mn stocks, 54% in value to QR16.8mn and 38% in transactions to 210.
The real estate sector’s trade volume tanked 48% to 1.03mn shares, value by 47% to QR19.42mn and deals by 26% to 571.
There was 33% shrinkage in the transport sector’s trade volume to 0.47mn equities and 3% in value to QR15.36mn but on 35% increase in transactions to 334.
The banks and financial services sector’s trade volume declined 22% to 1.93mn shares, value by 41% to QR84.73mn and deals by 34% to 1,005.
The telecom sector saw 11% slippage in trade volume to 0.57mn shares, 15% in value to QR7.53mn and 23% in transactions to 220.
The industrials sector’s trade volume was down 1% to 1.07mn equities, while value grew 6% to QR40.35mn despite 13% lower deals at 900.
In the debt market, there was no trading of treasury bills and sovereign bonds.