The Qatar Stock Exchange (QSE) gained for the second day, inching towards 9,900 levels mainly on the back of buying interests in transport, real estate and banking sectors.
Increased buying support from foreign institutions and lower net selling from the Gulf counterparts led the 20-stock Qatar Index gain 0.74% to 9,889.47 points.
The Islamic equities were seen gaining slower than the other indices in the market which is up 16.03% year-to-date.
Trade turnover shrank amidst higher volumes in the bourse, where industrials and banking sectors together accounted for about 56% of the total volume.
The Total Return Index rose 0.74% to 17,424.15 points, Al Rayan Islamic Index (Price) by 0.65% to 2,350.79 points and All Share Index by 0.67% to 2,914.65 points.
The transport index soared 1.8%, realty (1.08%), banks and financial services (0.85%), industrials (0.39%) and insurance (0.35%); while consumer goods and telecom declined 0.64% and 0.05% respectively.
About 63% of the traded stocks extended gains with major movers being Milaha, Gulf Warehousing, Barwa, Gulf International Services, Qatar Islamic Bank, QIIB, al khaliji, Dlala and Islamic Holding Group; even as Zad Holding and Vodafone Group were among the losers.
Non-Qatari institutions’ net buying increased significantly to QR41.35mn compared to QR11.22mn the previous day.
The Gulf institutions’ net profit booking weakened influentially to QR9.61mn against QR12.65mn on October 2.
The Gulf individual investors’ net selling declined perceptibly to QR0.21mn compared to QR0.96mn on Tuesday.
However, domestic institutions turned net sellers to the tune of QR16.67mn against net buyers of QR8.93mn the previous day.
Local individual investors’ net profit booking increased significantly to QR11.59mn compared to QR7.26mn on October 2.
Non-Qatari individuals were also net sellers to the extent of QR3.26mn against net buyers of QR0.74mn on Tuesday.
Total trade volume rose 6% to 5.18mn shares, while value fell 3% to QR178.32mn despite 9% higher transactions at 2,843.
The transport sector’s trade volume grew almost five-fold to 0.89mn equities and value by more than six-fold to QR20.21mn on more than doubled deals to 183.
The real estate sector’s trade volume soared 61% to 0.74mn stocks, value by 37% to QR13.54mn and transactions by 44% to 453.
The telecom sector reported 40% surge in trade volume to 0.35mn shares, 71% in value to QR7.87mn and 2% in deals to 203.
The insurance sector’s trade volume increased 25% to 0.1mn equities and value by 28% to QR3.86mn, whereas transactions were down 2% to 61.
However, there was 41% plunge in the consumer goods sector’s trade volume to 0.16mn stocks, 58% in value to QR10.56mn and 34% in deals to 160.
The industrials sector’s trade volume plummeted 27% to 1.77mn shares, value by 33% to QR61.98mn and transactions by 25% to 780.
The banks and financial services sector saw 3% fall in trade volume to 1.17mn equities but on 32% jump in value to QR60.31mn and 49% in deals to 1,003.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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