The Qatar Stock Exchange (QSE) Monday saw strong buying interests especially in the banking and transport counters, lifting its key index near 10,200 levels.
Increased buying interests of foreign institutions helped the 20-stock Qatar Index gain 0.47% to 10,191.68 points, which is up 19.57% year-to-date.
Large, mid and microcap equities experienced robust buying interests, resulting in market capitalisation expand more than QR2bn or 0.41% to QR572.73bn.
The bullish outlook of Gulf institutions and non-Qatari individuals also helped the market, where Islamic stocks were seen gaining slower than the other indices.
Doha Bank sponsored exchange traded fund QETF witnessed 0.05% declines; while Masraf Al Rayan sponsored QATR was unchanged.
Trade turnover and volumes were on the increase in the bourse, where banking and industrials sectors together accounted for about 67% of the total volume.
The Total Return Index soared 0.47% to 17,956.6 points, All Share Index by 0.44% to 3,007.82 points and Al Rayan Islamic Index (Price) by 0.01% to 2,389.84 points.
The banks and financial services index expanded 1.12%, transport (0.7%), realty (0.45%) and insurance (0.16%); while industrials declined 0.62%, telecom (0.46%) and consumer goods (0.27%).
Major gainers included Commercial Bank, Qatar Islamic Bank, QNB, Doha Bank, al khaliji, Qatar Electricity and Water, Milaha, Barwa, Ezdan and Nakilat; even as Islamic Holding Group, Qatar First Bank, Qatari German Company for Medical Devices, Al Meera, Qatar National Cement, Industries Qatar, Gulf International Services, Mazaya Qatar, Vodafone Qatar and Ooredoo were among the losers.
Non-Qatari funds’ net buying increased significantly to QR46.36mn compared to QR11.51mn the previous day. The Gulf funds were net buyers to the tune of QR15.91mn against net sellers of QR0.86mn on October 28.
Non-Qatari individuals were also net buyers to the extent of QR1.13mn compared with net sellers of QR1.38mn on Sunday.
Domestic funds’ net profit booking eased perceptibly to QR9.03mn against QR14.52mn the previous day.
However, local individuals turned net sellers to the extent of QR52.1mn compared with net buyers of QR4.81mn on Sunday.
The Gulf individuals were also net profit takers to the tune of QR2.27mn against net buyers of QR0.45mn on October 28.
Total trade volume rose 62% to 4.68mn shares and value more than tripled to QR231.55mn on 64% jump in transactions to 2,803.
The banks and financial services sector’s trade volume almost tripled to 1.97mn equities and value grew by about seven-fold to QR149.45mn on more than doubled deals to 1,115.
The industrials sector’s trade volume almost doubled to 1.15mn stocks and value more than tripled to QR43.25mn on 85% increase in transactions to 717.
There was 26% surge in the real estate sector’s trade volume to 0.72mn shares, 83 in value to QR12.1mn and 92% in deals to 354.
However, the consumer goods sector’s trade volume plummeted 36% to 0.07mn equities, value by 9% to QR7.97mn and transactions by 27% to 151.
The transport sector reported 30% plunge in trade volume to 0.32mn stocks and 24% in value to QR7.4mn but on 1% growth in deals to 242.
The insurance sector’s trade volume shrank 15% to 0.11mn shares, while value was up 7% to QR3.85mn despite 55% lower transactions at 50.
The market witnessed 3% fall in the telecom sector’s trade volume to 0.34mn equities and 5% in value to QR7.53mn but on 30% expansion in deals to 174.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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