Foreign institutions’ strong bullish outlook on lifted the Qatar Stock Exchange more than 86 points and its key index inched near 10,300 levels.
Domestic funds were seen sustaining its buying interests as the 20-stock Qatar Index settled 0.84% higher at 10,272.11 points.
Telecom, real estate and consumer goods counters witnessed higher than average demand on the market, which is down 0.26% year-to-date.
Market capitalisation saw about QR5bn or 0.8% increase to QR568.6bn mainly owing to mid and small cap segments.
Islamic stocks were seen gaining faster than the other indices on the market, where the Gulf individuals were seen marginally bullish.
Trade turnover and volumes were on the increase on the bourse, where banking, industrials and realty sectors together accounted for more than 80% of the total volume.
The Total Return Index rose 0.84% to 18,901.55 points, All Share Index by 0.8% to 3,036.88 points and Al Rayan Islamic Index (Price) by 0.85% to 2,311.21 points.
The telecom index expanded 2.19%, realty (1.25%), consumer goods (1.09%), banks and financial services (0.78%), industrials (0.75%) and transport (0.46%); even as insurance fell 0.23%.
About 70% of the traded constituents gained with major movers being Ooredoo, Aamal Company, Milaha, Qatar Islamic Bank, Industries Qatar, Gulf International Services, QIIB, Qatar Oman Investment, Qatar National Cement, Salam International Investment, Medicare Group, Al Khaleej Takaful, Mazaya Qatar, Barwa and United Development Company; even as Qatari German Company for Medical Devices, Qatar Industrial Manufacturing, Qatar General Insurance and Reinsurance, Nakilat and Gulf Warehousing were among the losers.
Non-Qatari institutions’ net selling declined considerably to QR6.94mn compared to QR18.08mn on December 2.
Local retail investors’ net selling also weakened noticeably to QR19.44mn against QR27.35mn the previous day.
However, non-Qatari individuals turned net sellers to the tune of QR0.4mn compared with net buyers of QR0.46mn on Monday.
The Gulf individuals’ net profit booking grew perceptibly to QR1.21mn against QR0.91mn on December 2.
Domestic institutions’ net buying declined substantially to QR23.53mn compared to QR33.35mn the previous day.
The Gulf institutions’ net buying also shrank significantly to QR2.48mn against QR12.58mn on Monday.
Total trade volume fell 32% to 57.9mn shares and value by 17% to QR189.09mn, while transactions were up 2% to 6,316.
There was 90% plunge in the consumer goods sector’s trade volume to 1.28mn equities, 66% in value to QR7.08mn and 52% in deals to 214.
The telecom sector’s trade volume plummeted 54% to 4.8mn stocks, whereas value grew 2% to QR23.56mn and transactions by 24% to 1,084.
The insurance sector reported 47% shrinkage in trade volume to 0.39mn shares, 45% in value to QR1.15mn and 49% in deals to 64.
The real estate sector’s trade volume tanked 31% to 7.26mn equities and value by 24% to QR12.79mn, while transactions expanded 28% to 361.
The market witnessed 25% decline in the transport sector’s trade volume to 2.15mn stocks, 31% in value to QR7.46mn and 11% in deals to 209.
The industrials sector’s trade volume shrank 16% to 18.56mn shares, value by 32% to QR27.34mn and transactions by 21% to 1,378.
The banks and financial services sector saw 4% dip in trade volume to 23.46mn equities and 4% in value to 109.71mn but on 22% jump in deals to 3,006.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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