The Qatar Stock Exchange on Tuesday gained huge 242 points to close above 10,000 levels on the back of strong buying support from domestic and foreign funds.
Insurance and industrials counters witnessed higher than average demand as the 20-stock Qatar Index soared 2.47% to 10,029.75 points.
There were also increased net buying interests of non-Qatari and Gulf individual investors in the market, whose key benchmark closed 2.61% lower year-to-date.
Market capitalisation saw about QR13bn or 2.35% surge to QR551.77bn mainly owing to large and midcap segments.
Islamic equities were seen gaining slower than the other indices in the market, where local retail investors turned bearish.
Trade turnover and volumes were on the increase in the bourse, where banking, industrials and realty sectors together accounted for more than 86% of the total volume.
The Total Return Index soared 2.47% to 18,455.58 points, Al Rayan Islamic Index (Price) by 1.73% to 2,272.14 points and All Share Index by 2.16% to 2,945.3 points.
The insurance index surged 3.1%, industrials (2.47%), banks and financial services (2.42%), telecom (2.19%), real estate (1.51%), consumer goods (1.26%) and transport (0.75%).
As much as 60% of the traded constituents extended gains with major movers being Qatar Insurance, Industries Qatar, Qatar Electricity and Water, Gulf International Services, Barwa, Ooredoo, QNB, Commercial Bank, Qatar First Bank, Qatar Islamic Bank, Woqod and Milaha; even as Doha Bank, Alijarah Holding, Qatari German Company for Medical Devices, Qatar Industrial Manufacturing. Ezdan, Mazaya Qatar and Gulf Warehousing were among the losers.
Domestic institutions’ net buying increased influentially to QR47.22mn compared to QR24.68mn on August 26.
Non-Qatari institutions turned net buyers to the tune of QR29.84mn against net sellers of QR18.8mn on Monday.
Non-Qataris were also net buyers to the extent of QR1.77mn compared with net sellers of QR1.83mn the previous day.
The Gulf institutions’ net buying strengthened perceptibly to QR1.44mn against QR0.47mn on August 26.
However, local retail investors turned net sellers to the tune of QR45.58mn compared with net buyers of QR7.36mn on Monday.
The Gulf individual investors’ net profit booking grew significantly to QR34.76mn against QR11.88 the previous day.
Total trade volume grew 33% to 126.12mn shares and value more than doubled to QR655.8mn on 84% increase in transactions to 11,006.
The telecom sector’s trade volume grew more than five-fold to 6.46mn equities and value more than quadrupled to QR30.11mn on more than tripled deals to 1,129.
The consumer goods sector’s trade volume more than doubled to 5.36mn stocks and value more than quadrupled to QR91.32mn on more than doubled transactions to 922.
The industrials sector’s trade volume more than doubled to 28.5mn shares and value also more than doubled to QR115.28mn on 50% jump in deals to 2,112.
The insurance sector’s trade volume surged 77% to 1.84mn equities and value more than doubled to QR5.41mn on 4% growth in transactions to 162.
The banks and financial services sector saw 50% surge in trade volume to 55mn stocks to see almost tripling of value to QR367.57mn on 71% expansion in deals to 3,440.
However, the transport sector’s trade volume plummeted 72% to 3.57mn shares, value by 63% to QR11.24mn and transactions by 35% to 344.
There was 8% fall in the real estate sector’s trade volume to 25.4mn equities and 11% in value to QR34.86mn but on more than doubled deals to 2,897.
In the debt market, there was no trading of treasury bills and sovereign bonds.
There were also increased net buying interests of non-Qatari and Gulf individual investors in the market, whose key benchmark closed 2.61% lower year-to-date.
Market capitalisation saw about QR13bn or 2.35% surge to QR551.77bn mainly owing to large and midcap segments.
Islamic equities were seen gaining slower than the other indices in the market, where local retail investors turned bearish.
Trade turnover and volumes were on the increase in the bourse, where banking, industrials and realty sectors together accounted for more than 86% of the total volume.
The Total Return Index soared 2.47% to 18,455.58 points, Al Rayan Islamic Index (Price) by 1.73% to 2,272.14 points and All Share Index by 2.16% to 2,945.3 points.
The insurance index surged 3.1%, industrials (2.47%), banks and financial services (2.42%), telecom (2.19%), real estate (1.51%), consumer goods (1.26%) and transport (0.75%).
As much as 60% of the traded constituents extended gains with major movers being Qatar Insurance, Industries Qatar, Qatar Electricity and Water, Gulf International Services, Barwa, Ooredoo, QNB, Commercial Bank, Qatar First Bank, Qatar Islamic Bank, Woqod and Milaha; even as Doha Bank, Alijarah Holding, Qatari German Company for Medical Devices, Qatar Industrial Manufacturing. Ezdan, Mazaya Qatar and Gulf Warehousing were among the losers.
Domestic institutions’ net buying increased influentially to QR47.22mn compared to QR24.68mn on August 26.
Non-Qatari institutions turned net buyers to the tune of QR29.84mn against net sellers of QR18.8mn on Monday.
Non-Qataris were also net buyers to the extent of QR1.77mn compared with net sellers of QR1.83mn the previous day.
The Gulf institutions’ net buying strengthened perceptibly to QR1.44mn against QR0.47mn on August 26.
However, local retail investors turned net sellers to the tune of QR45.58mn compared with net buyers of QR7.36mn on Monday.
The Gulf individual investors’ net profit booking grew significantly to QR34.76mn against QR11.88 the previous day.
Total trade volume grew 33% to 126.12mn shares and value more than doubled to QR655.8mn on 84% increase in transactions to 11,006.
The telecom sector’s trade volume grew more than five-fold to 6.46mn equities and value more than quadrupled to QR30.11mn on more than tripled deals to 1,129.
The consumer goods sector’s trade volume more than doubled to 5.36mn stocks and value more than quadrupled to QR91.32mn on more than doubled transactions to 922.
The industrials sector’s trade volume more than doubled to 28.5mn shares and value also more than doubled to QR115.28mn on 50% jump in deals to 2,112.
The insurance sector’s trade volume surged 77% to 1.84mn equities and value more than doubled to QR5.41mn on 4% growth in transactions to 162.
The banks and financial services sector saw 50% surge in trade volume to 55mn stocks to see almost tripling of value to QR367.57mn on 71% expansion in deals to 3,440.
However, the transport sector’s trade volume plummeted 72% to 3.57mn shares, value by 63% to QR11.24mn and transactions by 35% to 344.
There was 8% fall in the real estate sector’s trade volume to 25.4mn equities and 11% in value to QR34.86mn but on more than doubled deals to 2,897.
In the debt market, there was no trading of treasury bills and sovereign bonds.
