Strong buying, especially at the real estate counter, on Monday helped the Qatar Stock Exchange gain 37 points to cross the 10,700 level.
Foreign and Gulf institutions were seen increasingly net buyers as the 20-stock Qatar Index settled 0.34% higher at 10,704.73 points.
Domestic institutions turned bullish in the market, whose sensitive index is up 3.94% year-to-date.
Market capitalisation expanded more than QR3bn, or 0.49%, to QR615.69bn mainly owing to mid and microcap segments.
Islamic equities were seen gaining faster than the main index in the market, where the local retail investors were seen increasingly bearish.
Trade turnover and volumes were on the increase in the bourse, where the banking, realty and industrials sectors together accounted for more than 82% of the total volume.
The Total Return Index gained 0.34% to 18,860.55 points, the Al Rayan Islamic Index (Price) by 0.48% to 2,505.71 points and the All Share Index by 0.51% to 3,236.17 points.
The real estate index soared 2.7%, industrials (0.54%), transport (0.16%), telecom (0.07%) and banks and financial services (0.06%); while consumer goods declined 0.6% and insurance (0.2%).
Major gainers included Ezdan, United Development Company, Barwa, Ahlibank Qatar, Gulf International Services, Qatari German Company for Medical Devices, Qatar Oman Investment, Qatar Industrial Manufacturing and Nakilat; even as Doha Bank, Qatar National Cement, Mazaya Qatar, Gulf Warehousing, Widam Food and Islamic Holding Group were among the losers.
Non-Qatari institutions’ net buying increased considerably to QR88.98mn compared to QR26.65mn the previous day.
Domestic institutions turned net buyers to the tune of QR11.01mn against net sellers of QR2.43mn on January 27.
Gulf institutions’ net buying gained considerably to QR11.01mn compared to QR4.49mn on Sunday.
However, local individuals’ net selling grew significantly to QR100.84mn against QR36.21mn the previous day.
Non-Qatari individuals turned net sellers to the extent of QR8.34mn compared with net buyers of QR6.45mn on January 27.
Gulf individual investors were also net profit takers to the tune of QR1.82mn against net buyers of QR1.04mn on Sunday.
Total trade volume rose 87% to 10.34mn shares, value by 84% to QR303.37mn and transactions by 74% to 6,910.
The transport sector’s trade volume more than quadrupled to 0.97mn equities and value almost quadrupled to QR22.01mn on a 13% increase in deals to 274.
The real estate sector’s trade volume more than quadrupled to 2.81mn stocks and value more than quadrupled to QR50.34mn on more-than-quadrupled transactions to 1,595.
The telecom sector’s trade volume almost quadrupled to 0.25mn shares and value almost tripled to QR4.91mn on more-than-doubled deals to 237.
The consumer goods sector’s trade volume almost tripled to 0.46mn equities and value more than tripled to QR35.48mn on more-than-tripled transactions to 768.
The banks and financial services sector saw an 85% surge in trade volume to 3.33mn stocks, 96% in value to QR128.07mn and 77% in deals to 1,680.
The industrials sector’s trade volume was up 8% to 2.37mn shares, value by 6% to QR57.62mn and transactions by 14% to 2,159.
However, there was a 65% plunge in the insurance sector’s trade volume to 0.14mn equities, 67% in value to QR4.94mn and 15% in deals to 197.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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