Non-Qatari funds and individuals on Monday turned bullish to lift the Qatar Stock Exchange by more than 25 points and close near the 9,900 level.
The transport and industrials counters witnessed higher than average demand, leading to a 0.25% rise in the 20-stock Qatar Index to 9,895.58 points.
The domestic institutions continued to be bullish but with lesser vigour in the market, whose sensitive index is down 3.89% year-to-date.
Market capitalisation, however, fell more than QR1bn, or 0.27%, to QR548.77bn mainly owing to small and midcap segments.
Islamic equities were seen gaining faster than the main index in the market, where the Gulf funds turned net profit takers.
Trade turnover and volumes were on the increase in the bourse, where the industrials and real estate sectors together accounted for about 68% of the total volume.
The Total Return Index was up 0.25% to 18,214.22 points and the Al Rayan Islamic Index (Price) by 0.54% to 2,294.04 points, while the All Share Index fell 0.54% to 2,950.53 points.
The transport index soared 2.51%, industrials (1.92%) and insurance (0.43%); while realty plunged 4.87%, telecom (1.11%), banks and financial services (0.86%) and consumer goods (0.66%).
Major movers included Gulf International Services, Mesaieed Petrochemical Holding, Nakilat, Gulf Warehousing, United Development Company, Qatar Oman Investment, Qatari German Company for Medical Devices and Al Khaleej Takaful; even as Ezdan, Ooredoo, QNB, Commercial Bank, Doha Bank, Salam International Investment, Medicare Group, Mazaya Qatar, Barwa and Dlala were among the losers.
Non-Qatari institutions turned net buyers to the tune of QR7.36mn compared with net sellers of QR1.39mn on Sunday.
Non-Qatari individuals were also net buyers to the extent of QR7.05mn against net sellers of QR3.04mn the previous day.
Local retail investors’ net profit booking declined perceptibly to QR17.19mn compared to QR22.17mn on May 19.
However, the Gulf institutions turned sellers to the tune of QR10.01mn against net buyers of QR1.95mn on Sunday.
Domestic institutions’ net buying weakened noticeably to QR12.75mn compared to QR23.89mn the previous day.
The Gulf individuals’ net buying shrank marginally to QR0.04mn against QR0.74mn on May 19.
Total trade volume rose 70% to 17.21mn shares and value more than doubled to QR448.95mn on a 56% jump in transactions to 9,830.
The transport sector’s trade volume grew almost six-fold to 0.98mn equities and value also by almost six-fold to QR21.25mn on more-than-quadrupled deals to 494.
The insurance sector’s trade volume rose more than five-fold to 0.37mn stocks and value also by more than five-fold to QR9.53mn on more-than-tripled transactions to 269.
The consumer goods sector’s trade volume more than doubled to 0.86mn shares and value also more than doubled to QR98.23mn on more-than-doubled deals to 885.
The realty sector’s trade volume more than doubled to 4.12mn equities and value soared 89% to QR40.73mn, while transactions were down 2% to 2,488.
The industrials sector saw a 50% surge in trade volume to 7.52mn stocks, 82% in value to QR177.96mn and 59% in deals to 3,591.
The banks and financial services sector’s trade volume expanded 42% to 2.55mn shares and value by 55% to QR88.74mn on more-than-doubled transactions to 1,468.
There was a 19% growth in the telecom sector’s trade volume to 0.8mn equities on more-than-doubled value to QR12.51mn and almost-tripled- deals to 635.
In the debt market, there was no trading of treasury bills and sovereign bonds.