Strong buying interests of foreign institutions helped the Qatar Stock Exchange comfortably settle above 10,000 levels this week.
An across-the-board buying — particularly within transport, consumer goods, industrials and real estate — led the 20-stock Qatar Index gain 1.99% this week.
The market witnessed a total volume of 51,945 QATR (Masraf Al Rayan sponsored exchange traded fund or ETF) valued at QR1.2mn trade across 84 transactions and as many as 23,888 QETF (Doha Bank sponsored ETF) valued at QR2.35mn change hands across 49 deals this week.
The Total Return Index gained 1.99%, All Share Index 1.97% and Al Rayan Islamic Index (Price) 1.97% this week.
The transport index vaulted 4.61%, consumer goods (3.51%), industrials (2.36%), realty (2%), banks and financial services (1.5%), insurance (1.17%) and telecom (0.97%) this week.
More than 65% of the traded stocks extended gains this week which saw no trading of sovereign bonds and treasury bills.
Major gainers included Milaha, Nakilat, Mannai Corporation, Industries Qatar, Aamal Company, Qatari Investors Group, Mesaieed Petrochemical Holding, Qatar Insurance, United Development Company, Vodafone Qatar, Ezdan, Barwa, Gulf Warehousing, QNB and Commercial Bank; while Qatar First Bank, Gulf International Services, Qatar Electricity and Water and Doha Insurance were among the losers this week.
The index has delivered 17.58% returns since the beginning of the year until the close of Thursday’s trading session with large and midcap segments reporting 24.26% and 14.85% gains respectively.
Domestic funds as well as local and non-Qatari individuals were bearish this week.
Non-Qatari institutions were net buyers to the tune of QR242.93mn, while domestic counterparts were net sellers to the extent of QR131.67mn.
In the case of individuals, local and non-Qatari investors were net profit takers to the tune of QR108.1mn and QR3.26mn respectively.
A total of 27.44mn shares valued at QR958.31mn changed hands across 16,146 transactions.
The banks and financial services saw a total of 8.65mn equities valued at QR443.76mn traded across 5,482 deals; real estate witnessed 6.64mn stocks worth QR117.9mn change hands across 2,761 transactions; and industrials’ 5.08mn shares valued at QR164.86mn trade in 3,970 deals.
The transport and telecom sectors saw as many as 2.9mn and 2.56mn equities worth QR78.6mn and QR52.86mn change hands across 1,327 and 1,226 transactions respectively.
A total of 1.01mn consumer goods’ stocks valued at QR80.48mn trade across 983 deals and as many as 0.6mn insurance shares worth QR19.85mn changed hands across 397 transactions.