The Qatar Stock Exchange on Monday crossed the 10,500 levels, mainly on the back of strong buying interests at the real estate, banking and insurance counters.
The Gulf and non-Qatari individuals were seen marginally bullish as the 20-stock Qatar Index settled 41 points or 0.39% higher at 10,515.18 points.
The weakened net profit booking pressure from local retail investors also played its role in the market, which reported 2.1% gains year-to-date.
Market capitalisation saw about QR3bn or 0.45% increase to QR587.53bn mainly owing to small and midcap segments.
Islamic stocks were seen gaining much slower than the other indices on the market, where domestic funds were increasingly net profit takers.
Trade turnover and volumes were on the decline on the bourse, where banking, industrials and consumer goods sectors together accounted for more than 73% of the total volume.
The Total Return Index gained 0.39% to 19,348.82 points, All Share Index by 0.51% to 3,127.46 points and Al Rayan Islamic Index (Price) by 0.05% to 2,337.53 points.
The realty index soared 1.15%, banks and financial services (0.9%), insurance (0.69%), telecom (0.3%) and transport (0.29%), while consumer goods and industrials declined 0.39% and 0.35% respectively.
About 60% of the stocks extended gains with major movers being Barwa, QNB, Commercial Bank, Qatar Islamic Bank, al khaliji, Alijarah Holding, Qatar Oman Investment, Qatari German Company for Medical Devices, Qatar Industrial Manufacturing, Qatari Investors Group, Qatar Electricity and Water, Gulf International Services, Vodafone Qatar and Nakilat.
Nevertheless, Industries Qatar, Mesaieed Petrochemical Holding, Ezdan, Woqod, Qatar National Cement, QIIB and Salam International Investment were among the losers.
The Gulf individuals were net buyers to the tune of QR1.05mn compared with net sellers of QR0.67mn on December 22.
Non-Qatari individuals turned net buyers to the extent of QR0.35mn against net sellers of QR4.62mn the previous day.
Local retail investors’ net profit booking fell significantly to QR18.54mn compared to QR63.13mn on Sunday.
However, domestic institutions’ net selling increased substantially to QR32.2mn against QR18.35mn on December 22.
Non-Qatari institutions’ net buying declined considerably to QR42.93mn compared to QR73.17mn the previous day.
The Gulf institutions’ net buying also weakened noticeably to QR6.41mn against QR13.59mn on Sunday.
Total trade volumes fell 30% to 61.34mn shares and value by 20% to QR233.17mn, while transactions were up 8% to 7,835.
The transport sector’s trade volume plummeted 42% to 3.61mn equities, value by 62% to QR10.14mn and deals by 7% to 278.
There was 36% plunge in the insurance sector’s trade volume to 1.18mn stocks, 24% in value to QR3.51mn and 17% in transactions to 183.
The banks and financial services sector’s trade volume tanked 35% to 20.43mn shares and value by 12% to QR133.05mn, whereas deals grew 34% to 3,560.
The real estate sector reported 32% shrinkage in trade volume to 9.33mn equities but on 4% jump in value to QR17.48mn and 9% in transactions to 450.
The industrials sector’s trade volume declined 30% to 13.14mn stocks, value by 24% to QR30.24mn and deals by 3% to 1,520.
The telecom sector saw 20% contraction in trade volume to 2.29mn shares and 2% in value to QR12.61mn but on 4% growth in transactions to 509.
The consumer goods sector’s trade volume was down 9% to 11.35mn equities, value by 30% to QR26.13mn and deals by 16% to 1,335.
In the debt market, there was no trading of treasury bills and sovereign bonds.