Strong buying interests, especially in the transport and real estate sectors, on Monday lifted the Qatar Stock Exchange above the 10,700 level.
Foreign institutions’ stronger buying interests drove the 20-stock Qatar Index up 0.36% to 10,727.53 points.
Gulf individuals’ weakened selling pressure also helped the market, whose sensitive index is up 4.16% year-to-date.
Market capitalisation gained about QR2bn, or 0.27%, to QR616.92bn, mainly owing to mid and small cap segments.
Islamic equities were seen gaining marginally slower than the main index in the market, where local retail investors were increasingly net profit takers and non-Qatari individuals turned bearish.
Trade turnover and volumes were on the increase in the bourse, where the industrials, banking and real estate sectors together accounted for more than three-fourth of the total volume.
The Total Return Index gained 0.36% to 18,900.71 points, the All Share Index by 0.41% to 3,256.89 points and the Al Rayan Islamic Index (Price) by 0.35% to 2,515.15 points.
The transport index soared 2.92%, followed by realty (1.16%), consumer goods (0.38%), telecom (0.23%), industrials (0.22%) and banks and financial services (0.07%); while insurance declined 0.74%.
More than 53% of the stocks extended gains with major movers being Nakilat, Gulf Warehousing, Milaha, Qatar Islamic Bank, Alijarah Holding, Qatar Oman Investment, Zad Holding, Ezdan and Ooredoo; whereas Qatari German Company for Medical Devices, Vodafone Qatar, Ahlibank Qatar and Al Khaleej Takaful were among the losers.
Non-Qatari institutions’ net buying increased significantly to QR51.65mn compared to QR15.68mn on February 3.
Gulf individual investors’ net profit booking declined noticeably to QR0.32mn against QR2.8mn on Sunday.
However, local individuals’ net selling grew significantly to QR42.23mn compared to QR28.74mn the previous day.
Non-Qatari individuals turned net sellers to the tune of QR14.36mn against net buyers of QR1.9mn on February 3.
Gulf funds were also net profit takers to the extent of QR1.53mn compared with net buyers of QR5.76mn on Sunday.
Domestic institutions’ net buying weakened perceptibly to QR6.75mn against QR8.19mn the previous day.
Total trade volume rose 49% to 8.35mn shares, value by 67% to QR247.12mn and transactions by 65% to 5,452.
The insurance sector’s trade volume almost tripled to 0.22mn equities and value also almost tripled to QR8.06mn on almost-tripled-deals to 218.
The transport sector’s trade volume soared 86% to 1.04mn stocks to almost double value to QR26.92mn on almost-tripled-transactions to 395.
The industrials sector reported a 79% surge in trade volume to 3.12mn shares to more than double value to QR68.81mn on a 31% jump in deals to 2,071.
The real estate sector’s trade volume shot up 64% to 1.44mn equities and value more than doubled to QR27.84mn on more-than-doubled-transactions to 1,031.
The banks and financial services sector saw a 29% growth in trade volume to 1.71mn stocks, 80% in value to QR82.01mn and 62% in deals to 1,028.
However, the consumer goods sector’s trade volume plummeted 32% to 0.21mn shares and value by 44% to QR21.71mn, while deals were up 4% to 244.
The telecom sector reported a 13% decline in trade volume to 0.62mn equities but on a 44% increase in value to QR11.77mn on more-than-doubled-transactions to 465.
In the debt market, there was no trading of treasury bills and sovereign bonds.