Strong institutional buying interests on Wednesday imparted a 96-point lift to the Qatar Stock Exchange, whose key index crossed the 10,000 levels.
The real estate, banks, industrials and telecom counters saw higher-than-average demand, leading the 20-stock Qatar Index to settle 0.96% higher at 10,077.82 points.
There was weakened net selling pressure from the local and non-Qatari retail investors in the market, whose sensitive index has registered 2.15% erosion year-to-date.
Market capitalisation expanded 1.02%, or about QR6bn, to QR571.14bn mainly owing to large and midcap segments.
Islamic equities were seen gaining faster than the main index in the market, where domestic institutions turned bearish.
Trade turnover and volumes were on the increase in the bourse, where the industrials, banking and realty sectors together accounted for more than 82% of the total volume.
The Total Return Index gained 0.96% to 17,841.28 points, the All Share Index by 1.12% to 3,036 points and the Al Rayan Islamic Index (Price) by 1.1% to 2,406.91 points.
The real estate index soared 2.41%, followed by banks and financial services (1.12%), industrials (1.05%), telecom (1.04%), consumer goods (0.41%) and transport (0.27%); while insurance declined 0.66%.
About 56% of the traded stocks extended gains with major movers being Ezdan, Barwa, Industries Qatar, Aamal Company, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, Alijarah Holding, Qatar Oman Investment, Alijarah Holding and Gulf Warehousing; even as Nakilat, Mesaieed Petrochemical Holding, Doha Insurance and Ahlibank Qatar were among the losers.
Non-Qatari institutions’ net buying increased noticeably to QR91.7mn compared to QR28.02mn the previous day.
Gulf institutions turned net buyers to the tune of QR41.11mn against net sellers of QR9.61mn on February 19.
Domestic funds were also net buyers to the extent of QR11.53mn compared with net sellers of QR8.85mn on Tuesday.
Non-Qatari individual investors’ net profit booking fell marginally to QR2.38mn against QR2.82mn the previous day.
However, local individuals’ net selling strengthened substantially to QR141mn compared to QR8.14mn on February 19.
Gulf individuals turned net profit takers to tune of QR1.04mn against net buyers of QR1.4mn on Tuesday.
Total trade volume grew less than 1% to 8.88mn shares, value by 46% to QR384.2mn and transactions by 16% to 6,443.
The insurance sector’s trade volume more than tripled to 0.44mn equities and value more than tripled to QR14.38mn on more-than-doubled deals to 362.
The transport sector’s trade volume soared 82% to 0.31mn stocks and value more than doubled to QR7.97mn on a 48% increase in transactions to 197.
The banks and financial services sector saw a 69% surge in trade volume to 2.57mn shares to more than double value to QR199.6mn on a 74% jump in deals to 1,533.
The consumer goods sector’s trade volume grew 11% to 0.52mn equities, while value fell 12% to QR49.42mn despite 6% higher transactions at to 497.
However, there was a 58% plunge in the telecom sector’s trade volume to 0.3mn stocks but on a 56% growth in value to QR11.34mn and 99% in deals to 550.
The industrials sector’s trade volume plummeted 24% to 2.68mn shares, value by 6% to QR65.97mn and transactions by 6% to 2,028.
The real estate sector reported a 12% shrinkage in trade volume to 2.06mn equities, 9% in value to QR35.52mn and 14% in deals to 1,276.
In the debt market, there was no trading of treasury bills and sovereign bonds.
There was weakened net selling pressure from the local and non-Qatari retail investors in the market, whose sensitive index has registered 2.15% erosion year-to-date.
Market capitalisation expanded 1.02%, or about QR6bn, to QR571.14bn mainly owing to large and midcap segments.
Islamic equities were seen gaining faster than the main index in the market, where domestic institutions turned bearish.
Trade turnover and volumes were on the increase in the bourse, where the industrials, banking and realty sectors together accounted for more than 82% of the total volume.
The Total Return Index gained 0.96% to 17,841.28 points, the All Share Index by 1.12% to 3,036 points and the Al Rayan Islamic Index (Price) by 1.1% to 2,406.91 points.
The real estate index soared 2.41%, followed by banks and financial services (1.12%), industrials (1.05%), telecom (1.04%), consumer goods (0.41%) and transport (0.27%); while insurance declined 0.66%.
About 56% of the traded stocks extended gains with major movers being Ezdan, Barwa, Industries Qatar, Aamal Company, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, Alijarah Holding, Qatar Oman Investment, Alijarah Holding and Gulf Warehousing; even as Nakilat, Mesaieed Petrochemical Holding, Doha Insurance and Ahlibank Qatar were among the losers.
Non-Qatari institutions’ net buying increased noticeably to QR91.7mn compared to QR28.02mn the previous day.
Gulf institutions turned net buyers to the tune of QR41.11mn against net sellers of QR9.61mn on February 19.
Domestic funds were also net buyers to the extent of QR11.53mn compared with net sellers of QR8.85mn on Tuesday.
Non-Qatari individual investors’ net profit booking fell marginally to QR2.38mn against QR2.82mn the previous day.
However, local individuals’ net selling strengthened substantially to QR141mn compared to QR8.14mn on February 19.
Gulf individuals turned net profit takers to tune of QR1.04mn against net buyers of QR1.4mn on Tuesday.
Total trade volume grew less than 1% to 8.88mn shares, value by 46% to QR384.2mn and transactions by 16% to 6,443.
The insurance sector’s trade volume more than tripled to 0.44mn equities and value more than tripled to QR14.38mn on more-than-doubled deals to 362.
The transport sector’s trade volume soared 82% to 0.31mn stocks and value more than doubled to QR7.97mn on a 48% increase in transactions to 197.
The banks and financial services sector saw a 69% surge in trade volume to 2.57mn shares to more than double value to QR199.6mn on a 74% jump in deals to 1,533.
The consumer goods sector’s trade volume grew 11% to 0.52mn equities, while value fell 12% to QR49.42mn despite 6% higher transactions at to 497.
However, there was a 58% plunge in the telecom sector’s trade volume to 0.3mn stocks but on a 56% growth in value to QR11.34mn and 99% in deals to 550.
The industrials sector’s trade volume plummeted 24% to 2.68mn shares, value by 6% to QR65.97mn and transactions by 6% to 2,028.
The real estate sector reported a 12% shrinkage in trade volume to 2.06mn equities, 9% in value to QR35.52mn and 14% in deals to 1,276.
In the debt market, there was no trading of treasury bills and sovereign bonds.
