Robust thrust from real estate, banking and transport segments on Monday lifted sentiments on the Qatar Stock Exchange, which inched towards 10,300 levels.
Increased net buying support from foreign and domestic funds and Gulf institutions’ bullish outlook led the 20-stock Qatar Index surge 1.18% to 10,274.45 points, which is up 20.54% year-to-date.
Large and midcap segments witnessed stronger buying interests, resulting in market capitalisation gain more than QR7bn or 1.3% to QR574.4bn.
However, local retail investors were increasingly net sellers on the market, where Islamic stocks were seen gaining slower than the other indices.
Doha Bank sponsored exchange traded fund QETF saw 0.29% gains, while Masraf Al Rayan sponsored QATR reported 3.17% plunge.
Trade turnover and volume were on the increase on the bourse, where real estate, banking and transport sectors together accounted for about 78% of the total volume.
The Total Return Index rose 1.18% to 18,102.45 points, Al Rayan Islamic Index (Price) by 0.62% to 2,414.52 points and All Share Index by 1.31% to 3,018.92 points.
The realty index expanded 2.8%, banks and financial services (1.56%), transport (1.34%), telecom (0.98%), industrials (0.69%) and insurance (0.29%); while that of consumer goods was down 0.34%.
About 50% of the traded stocks extended gains with major movers being Ezdan, Commercial Bank, Qatar Islamic Bank, QNB, QIIB, Islamic Holding Group, Barwa, Ooredoo, Milaha and Nakilat; even as Qatar First Bank, Alijarah Holding, Qatari German Company for Medical Devices, Mannai Corporation, Qatari Investors Group and Al Khaleej Takaful were among the losers.
Non-Qatari institutions’ net buying expanded significantly to QR49.1mn compared to QR8.77mn on October 21.
Domestic institutional investors’ net buying also grew considerably to QR19.96mn against QR2.9mn on Sunday.
The Gulf institutions turned net buyers to the tune of QR10.05mn compared with net sellers of QR8.9mn the previous day.
The Gulf individuals were also net buyers to the extent of QR1.51mn against net sellers of QR2mn on October 21.
However, local individuals’ net selling strengthened substantially to QR73.11mn compared to QR7.07mn on Sunday.
Non-Qatari individuals turned net profit takers to the tune of QR7.51mn against net buyers of QR6.28mn the previous day.
Total trade volume doubled to 8.91mn shares and value more than tripled to QR285.49mn on more than doubled transactions to 4,717.
The transport sector’s trade volume grew more than five-fold to 1.42mn equities and value by almost six-fold to QR41.25mn on more than tripled deals to 533.
The telecom sector’s trade volume more than tripled to 0.826mn stocks and value more than quadrupled to QR19.52mn on more than tripled transactions to 461.
The insurance sector’s trade volume almost tripled to 0.29mn shares and value more than quadrupled to QR8.74mn on more than doubled deals to 180.
The industrials sector’s trade volume soared 78% to 0.71mn equities, value by 54% to QR36.08mn and transactions by 55% to 567.
The banks and financial services sector saw 75% surge in trade volume to 2.57mn stocks to more than quadruple value to QR124.72mn on almost tripled deals to 1,771.
The consumer goods sector’s trade volume shot up 67% to 0.15mn shares and value more than doubled to QR16.18mn on 16% jump in transactions to 215.
There was 58% expansion in the real estate sector’s trade volume to 2.94mn equities to more than double value to QR39mn on more than doubled deals to 990.
In the debt market, there was no trading of treasury bills but as many as 90,350 sovereign bonds valued at QR903.5mn traded across three transactions.
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