The Qatar Stock Exchange Wednesday gained 174 points to cross the 8,500 levels, as more than 91% of the traded entities saw share price appreciation; reflecting the rebound in the Brent crude prices.
Aided by strong buying support from domestic and foreign funds, the 20-stock Qatar Index soared 2.09% to 8,500.23 points, although it touched a high of 8,516 points with 45 minutes to close.
However, local and Gulf individuals as well as Gulf institutions turned bearish in the bourse, whose year-to-date losses stood at 18.47%.
Market capitalisation saw more than QR11bn or 2.43% increase to QR476.41bn mainly owing to large and small cap segments.
Islamic stocks were seen gaining slower than the other indices in the market, where the Arab funds were marginally bullish.
"The roadmap for full resumption of the most affected sectors in the second half of 2020, if achieved, would be significant for realising full potential economic activity in 2021," Kamco Invest analysts said in their research note on the Gulf Co-operation Council economies in view of the effects of the pandemic Covid-19.
Trade turnover and volumes were on the increase in the market, where realty sector alone accounted for more than 57% of the total trading volume.
The Total Return Index shot up 2.09% to 16,288.45 points, All Share Index by 2.1% to 2,637.03 points and Al Rayan Islamic Index (Price) by 1.86% to 1,849.12 points.
The telecom index soared 6.26%, real estate (4.07%), banks and financial services (2.24%), transport (2.14%), industrials (1.46%), insurance (1.1%) and consumer goods and services (0.38%).
Major gainers included Ooredoo, Vodafone Qatar, Ezdan, Mazaya Qatar, Barwa, QNB, Qatar Islamic Bank, Doha Bank, Qatar First Bank, Alijarah Holding, Dlala, Islamic Holding Group, Mesaieed Petrochemical Holding, Gulf International Services, Qamco, Qatar Insurance, Qatar German Company for Medical Devices, Milaha and Gulf Warehousing; even as Woqod, Qatar Oman Investment and Qatari Investors Group were among the losers.
Domestic funds’ net buying increased substantially to QR22.65mn compared to QR10.55mn on April 21.
Foreign institutions turned net buyers to the tune of QR14.32mn against net sellers of QR38.34mn the previous day.
The Arab institutions were net buyers to the extent of QR8mn compared with no major exposure on Tuesday.
However, Qatari individuals turned net sellers to the tune of QR29.75mn compared with net buyers of QR3.28mn on April 21.
The Gulf individuals were also net sellers to the extent of QR4.06mn against net buyers QR1.24mn the previous day.
The Gulf funds turned net profit takers to the tune of QR3.3mn compared with net buyers of QR7.53mn on Tuesday.
The foreign individuals’ net buying declined notably to QR0.38mn against QR13.48mn on April 21.
The Arab individuals turned net sellers to the extent of QR0.34mn compared with net buyers of QR2.24mn the previous day.
Total trade volumes almost doubled to 301.37mn shares, value grew 47% to QR422.55mn and transactions by 12% to 10,599.
The transport sector’s trade volume more than quadrupled to 24.02mn equities and value more than tripled to QR60.73mn on 77% increase in deals to 1,044.
The telecom sector’s trade volume almost tripled to 6.74mn stocks and value more than doubled to QR13.55mn on 36% increase in transactions to 557.
The real estate sector’s trade volume more than doubled to 17.94mn shares and value also more than doubled to QR118.73mn on 62% jump in deals to 2,151.
The industrials sector’s trade volume soared 51% to 44.24mn equities, value by 51% to QR72.35mn and transactions by 14% to 1,986.
The banks and financial services sector saw 28% surge in trade volume to 23.04mn stocks but on 9% fall in value to QR100.93mn and 13% in deals to 3,301.
The consumer goods and services sector's trade volume was up 3% to 27.19mn shares, whereas value lost 3% to QR48.04mn despite 2% higher transactions at 1,205.
However, there was a 2% fall in the insurance sector’s trade volume to 4.2mn equities, 16% in value to QR8.22mn and 14% in deals to 355.
In the debt market, there was no trading of sovereign bonds and treasury bills.
However, local and Gulf individuals as well as Gulf institutions turned bearish in the bourse, whose year-to-date losses stood at 18.47%.
Market capitalisation saw more than QR11bn or 2.43% increase to QR476.41bn mainly owing to large and small cap segments.
Islamic stocks were seen gaining slower than the other indices in the market, where the Arab funds were marginally bullish.
"The roadmap for full resumption of the most affected sectors in the second half of 2020, if achieved, would be significant for realising full potential economic activity in 2021," Kamco Invest analysts said in their research note on the Gulf Co-operation Council economies in view of the effects of the pandemic Covid-19.
Trade turnover and volumes were on the increase in the market, where realty sector alone accounted for more than 57% of the total trading volume.
The Total Return Index shot up 2.09% to 16,288.45 points, All Share Index by 2.1% to 2,637.03 points and Al Rayan Islamic Index (Price) by 1.86% to 1,849.12 points.
The telecom index soared 6.26%, real estate (4.07%), banks and financial services (2.24%), transport (2.14%), industrials (1.46%), insurance (1.1%) and consumer goods and services (0.38%).
Major gainers included Ooredoo, Vodafone Qatar, Ezdan, Mazaya Qatar, Barwa, QNB, Qatar Islamic Bank, Doha Bank, Qatar First Bank, Alijarah Holding, Dlala, Islamic Holding Group, Mesaieed Petrochemical Holding, Gulf International Services, Qamco, Qatar Insurance, Qatar German Company for Medical Devices, Milaha and Gulf Warehousing; even as Woqod, Qatar Oman Investment and Qatari Investors Group were among the losers.
Domestic funds’ net buying increased substantially to QR22.65mn compared to QR10.55mn on April 21.
Foreign institutions turned net buyers to the tune of QR14.32mn against net sellers of QR38.34mn the previous day.
The Arab institutions were net buyers to the extent of QR8mn compared with no major exposure on Tuesday.
However, Qatari individuals turned net sellers to the tune of QR29.75mn compared with net buyers of QR3.28mn on April 21.
The Gulf individuals were also net sellers to the extent of QR4.06mn against net buyers QR1.24mn the previous day.
The Gulf funds turned net profit takers to the tune of QR3.3mn compared with net buyers of QR7.53mn on Tuesday.
The foreign individuals’ net buying declined notably to QR0.38mn against QR13.48mn on April 21.
The Arab individuals turned net sellers to the extent of QR0.34mn compared with net buyers of QR2.24mn the previous day.
Total trade volumes almost doubled to 301.37mn shares, value grew 47% to QR422.55mn and transactions by 12% to 10,599.
The transport sector’s trade volume more than quadrupled to 24.02mn equities and value more than tripled to QR60.73mn on 77% increase in deals to 1,044.
The telecom sector’s trade volume almost tripled to 6.74mn stocks and value more than doubled to QR13.55mn on 36% increase in transactions to 557.
The real estate sector’s trade volume more than doubled to 17.94mn shares and value also more than doubled to QR118.73mn on 62% jump in deals to 2,151.
The industrials sector’s trade volume soared 51% to 44.24mn equities, value by 51% to QR72.35mn and transactions by 14% to 1,986.
The banks and financial services sector saw 28% surge in trade volume to 23.04mn stocks but on 9% fall in value to QR100.93mn and 13% in deals to 3,301.
The consumer goods and services sector's trade volume was up 3% to 27.19mn shares, whereas value lost 3% to QR48.04mn despite 2% higher transactions at 1,205.
However, there was a 2% fall in the insurance sector’s trade volume to 4.2mn equities, 16% in value to QR8.22mn and 14% in deals to 355.
In the debt market, there was no trading of sovereign bonds and treasury bills.
