Ahead of Eid holidays, the Qatar Stock Exchange on Monday gained more than 151 points to surpass 10,300 levels, mainly lifted by banking and transport equities.
Foreign institutions were increasingly net buyers as the 20-stock Qatar Index settled 1.49% higher at 10,319.33 points.
The Gulf institutions and non-Qatari individuals were seen bullish on the market, which reported year-to-date gains of 0.2%.
Market capitalisation expanded 1.25% or QR7bn to QR567.69bn mainly owing to large and midcap segments.
Islamic equities were seen gaining slower than the main index in the market, where domestic institutions were seen increasingly net profit takers.
Trade turnover and volumes were on the increase on the bourse, where realty, banking and industrials sectors together accounted for about 87% of the total volume.
The Total Return Index gained 1.49% to 18,988.43 points, All Share Index by 1.3% to 3,051.54 points and Al Rayan Islamic Index (Price) by 1.03% to 2,359.91 points.
The banks and financial services index expanded 2.34%, transport (1.62%), consumer goods (1.09%), insurance (0.32%) and industrials (0.22%); while real estate and telecom declined 0.46% and 0.2% respectively.
More than 69% of the traded constituents extended gains with major movers being Commercial Bank, Doha Bank, Qatar Islamic Bank, QNB, Masraf Al Rayan, QIIB, Mesaieed Petrochemical Holding, Gulf Warehousing, Milaha and Nakilat; even as Ezdan, Qatar Oman Investment, Industries Qatar, Gulf International Services, Qatari Investors Group and Qatari German Company for Medical Devices were among the losers.
Non-Qatari institutions’ net buying increased significantly to QR164.9mn against QR41.25mn the previous day.
The Gulf institutions turned net buyers to the tune of QR4.53mn compared with net sellers of QR8.31mn on June 2.
Non-Qatari individuals were also net buyers to the extent of QR1.06mn against net sellers of QR3.59mn on Sunday.
However, domestic institutions’ net selling grew influentially to QR131.02mn compared to QR24.16mn the previous day.
Local retail investors’ net profit booking strengthened considerably to QR39.57mn against QR5.9mn on June 2.
The Gulf individual investors’ net buying weakened marginally to QR0.04mn compared to QR0.73mn on Sunday.
Total trade volume grew 31% to 12.58mn shares and value more than doubled to QR439.66mn on 60^ increase in transactions to 9,203.
The banks and financial services sector’s trade volume more than doubled to 3.54mn equities and value more than tripled to QR272.88mn on more than doubled deals to 1,916.
The insurance sector’s trade volume soared 59% to 0.35mn stocks, value by 73% to QR11.65mn and transactions by 41% to 234.
There was 56% surge in the transport sector’s trade volume to 0.25mn shares and 73% in value to QR6.42mn on more than tripled deals to 239.
The consumer goods sector’s trade volume shot up 30% to 0.3mn equities, while value declined 37% to QR12.43mn despite 62% higher transactions at 304.
The industrials sector reported 18% expansion in trade volume to 2.54mn stocks, 45% in value to QR66.4mn and 19% in deals to 1,843.
The realty sector’s trade volume was up 8% to 4.85n shares, value by 41% to QR51.81mn and transactions by 34% to 3,666.
However, the telecom sector saw a 20% contraction in trade volume to 0.74mn equities but on more than doubled value to QR18.07mn on more than five-fold growth in deals to 1,001.
In the debt market, there was no trading of treasury bills and sovereign bonds.
