Increased buying interests from foreign institutions on Monday extended the bullish run on the Qatar Stock Exchange for the third consecutive day and its key index gained a huge 104 points to inch near 10,600 levels.
Insurance, real estate and consumer goods witnessed higher than average demand as the 20-stock Qatar Index settled 1% higher at 10,560.13 points.
The bullish outlook of domestic institutions also helped the market, whose key benchmark closed 2.54% higher year-to-date.
Market capitalisation gained about QR4bn or 0.64% to QR581.26bn mainly owing to mid and small cap segments.
Islamic equities were seen gaining slower than the main index on the market, where non-Qatari and Gulf retail investors turned net profit takers.
Trade turnover and volumes were marginally on the rise on the bourse, where the industrials and banking sectors together accounted for more than 71% of the total volume.
The Total Return Index grew 1% to 19,431.53 points, Al Rayan Islamic Index (Price) by 0.82% to 2,406.32 points and All Share Index by 0.73% to 3,120.64 points.
The insurance index vaulted 2.37%, realty (1.47%), consumer goods (1.17%), industrials (0.75%), banks and financial services (0.56%) and telecom (0.17%); while transport declined 0.26%.
Major movers included Qatar Insurance, Barwa, Industries Qatar, Commercial Bank, Qatar Islamic Bank, Woqod, Medicare Group, Qatari German Company for Medical Devices, Widam Food and Alijarah Holding ; even as Doha Bank, Gulf Warehousing, Qatar General and Reinsurance, Qatari Investors Group, Gulf International Services and Qatar Oman Investment were among the losers.
Non-Qatari institutions’ net buying increased considerably to QR32.7mn compared to QR10.77mn the previous day.
Domestic institutions turned net buyers to the tune of QR2.54mn against net sellers of QR1.23mn on June 30
Local retail investors’ net profit booking declined noticeably to QR17.92mn compared to QR21.66mn on Sunday.
However, non-Qataris were net sellers to the extent of QR7.02mn against net buyers of QR6.53mn the previous day.
The Gulf institutions also turned net sellers to tune of QR5.96mn compared with net buyers of QR3.53mn on June 30.
The Gulf individuals were net profit takers to the extent of QR4.33mn against net buyers of QR2.06mn on Sunday.
Total trade volume rose 7% to 54.77mn shares, value by 1% to QR189.78mn and transactions by 29% to 6,897.
The insurance sector’s trade volume more than tripled to 3.38mn equities, while value declined 74% to QR7.2mn despite 17% higher deals at 207.
The consumer goods sector’s trade volume soared 68% to 9.82mn stocks and value more than doubled to QR34.87mn on more than doubled transactions to 1,024.
The market witnessed 45% surge in the real estate sector’s trade volume to 1.52mn shares and 57% in value to QR19.83mn on more than doubled deals to 758.
However, the transport sector’s trade volume plummeted 57% to 0.21mn equities, value by 75% to QR7.16mn and 26% in transactions to 141.
There was 45% plunge in the telecom sector’s trade volume to 0.9mn stocks but on 25% growth in value to QR17.9mn and more than doubled deals to 554.
The industrials sector’s trade volume tanked 7% to 22.06mn shares, value by 28% to QR41.05mn and transactions by 15% to 2,352.
The banks and financial services sector saw 3% shrinkage in trade volume to 16.87mn equities but on 32% jump in value to QR61.76mn and 63% in deals to 1,861.
In the debt market, there was no trading of treasury bills and sovereign bonds.
The bullish outlook of domestic institutions also helped the market, whose key benchmark closed 2.54% higher year-to-date.
Market capitalisation gained about QR4bn or 0.64% to QR581.26bn mainly owing to mid and small cap segments.
Islamic equities were seen gaining slower than the main index on the market, where non-Qatari and Gulf retail investors turned net profit takers.
Trade turnover and volumes were marginally on the rise on the bourse, where the industrials and banking sectors together accounted for more than 71% of the total volume.
The Total Return Index grew 1% to 19,431.53 points, Al Rayan Islamic Index (Price) by 0.82% to 2,406.32 points and All Share Index by 0.73% to 3,120.64 points.
The insurance index vaulted 2.37%, realty (1.47%), consumer goods (1.17%), industrials (0.75%), banks and financial services (0.56%) and telecom (0.17%); while transport declined 0.26%.
Major movers included Qatar Insurance, Barwa, Industries Qatar, Commercial Bank, Qatar Islamic Bank, Woqod, Medicare Group, Qatari German Company for Medical Devices, Widam Food and Alijarah Holding ; even as Doha Bank, Gulf Warehousing, Qatar General and Reinsurance, Qatari Investors Group, Gulf International Services and Qatar Oman Investment were among the losers.
Non-Qatari institutions’ net buying increased considerably to QR32.7mn compared to QR10.77mn the previous day.
Domestic institutions turned net buyers to the tune of QR2.54mn against net sellers of QR1.23mn on June 30
Local retail investors’ net profit booking declined noticeably to QR17.92mn compared to QR21.66mn on Sunday.
However, non-Qataris were net sellers to the extent of QR7.02mn against net buyers of QR6.53mn the previous day.
The Gulf institutions also turned net sellers to tune of QR5.96mn compared with net buyers of QR3.53mn on June 30.
The Gulf individuals were net profit takers to the extent of QR4.33mn against net buyers of QR2.06mn on Sunday.
Total trade volume rose 7% to 54.77mn shares, value by 1% to QR189.78mn and transactions by 29% to 6,897.
The insurance sector’s trade volume more than tripled to 3.38mn equities, while value declined 74% to QR7.2mn despite 17% higher deals at 207.
The consumer goods sector’s trade volume soared 68% to 9.82mn stocks and value more than doubled to QR34.87mn on more than doubled transactions to 1,024.
The market witnessed 45% surge in the real estate sector’s trade volume to 1.52mn shares and 57% in value to QR19.83mn on more than doubled deals to 758.
However, the transport sector’s trade volume plummeted 57% to 0.21mn equities, value by 75% to QR7.16mn and 26% in transactions to 141.
There was 45% plunge in the telecom sector’s trade volume to 0.9mn stocks but on 25% growth in value to QR17.9mn and more than doubled deals to 554.
The industrials sector’s trade volume tanked 7% to 22.06mn shares, value by 28% to QR41.05mn and transactions by 15% to 2,352.
The banks and financial services sector saw 3% shrinkage in trade volume to 16.87mn equities but on 32% jump in value to QR61.76mn and 63% in deals to 1,861.
In the debt market, there was no trading of treasury bills and sovereign bonds.
