The Qatar Stock Exchange Monday reflected the general global mood in the easing of Covid-19-led restrictions to gain a whopping 175 points to cross the 9,000 levels with an ease mainly on the back of telecom.
Foreign funds were seen substantially bullish to overall lift the 20-stock Qatar Index 1.98% to 9,019.68 points and market capitalisation by more than QR10bn.
The Gulf funds’ increased buying support also had its role on the bourse, whose year-to-date losses were trimmed to 13.48%.
Market capitalisation saw 2.09% expansion to QR511.37bn mainly owing to large and midcap segments.
Islamic stocks were however seen gaining slower than the other indices on the market, where local retail investors and domestic institutions were seen net profit takers.
Trade turnover and volumes were on the increase on the market, where the industrials, realty and banking sectors together accounted for about 78% of the total trading volume.
The Total Return Index shot up 1.98% to 17,340.03 points, All Share Index by 1.83% to 2,796.45 points and Al Rayan Islamic Index (Price) by 1.55% to 2,015.62 points.
The telecom index soared 8.16%, consumer goods and services (2.35%), industrials (2.05%), banks and financial services (1.76%), real estate (1.37%) and transport (0.37%); while insurance declined 2.47%.
About 70% of the traded constituents extended gains with major movers being Ooredoo, Vodafone Qatar, Industries Qatar, Gulf International Services, Qatar Electricity and Water, Qamco, Mesaieed Petrochemical Holding, QNB, Commercial Bank, Qatar First Bank, Qatar Islamic Bank, Doha Bank, QIIB, Woqod, United Development Company, Ezdan, Milaha and Gulf Warehousing; even as Dlala, Qatar Insurance, Al Khaleej Takaful, Nakilat, Qatar German Company for Medical Devices and Medicare Group were among the losers.
Foreign funds turned net buyers to the tune of QR89.97mn against net sellers of QR31.1mn on May 31.
The Gulf institutions’ net buying increased noticeably to QR7.62mn compared to QR5.44mn the previous day.
Foreign individuals’ net buying grew perceptibly to QR1.42mn against QR0.18mn on Sunday.
However, local retail investors turned net sellers to the extent of QR54.31mn compared with net buyers of QR2.26mn on May 31.
The domestic funds were also net sellers to the tune of QR37.08mn against net buyers of QR12.29mn the previous day.
The Arab individuals turned net sellers to the extent of QR3.96mn compared with net buyers of QR10.11mn on Sunday.
The Gulf individuals were also net profit takers of QR3.66mn against net buyers of QR0.87mn on May 31.
The Arab funds had no major exposure compared with net sellers of QR0.08mn the previous day.
Total trade volumes grew 84% to 193.33mn shares and value by 93% to QR508.01mn on more than doubled transactions to 20,969.
The insurance sector’s trade volume more than tripled to 16.67mn equities and value also more than tripled to QR33.89mn on more than eight-fold increase in deals to 2,028.
The telecom sector’s trade volume more than doubled to 3.72mn stocks and value almost doubled to QR13.27mn but on 15% fall in transactions to 731.
The real estate sector’s trade volume more than doubled to 59.31mn shares and value also more than doubled to QR66.87mn on more than doubled deals to 2,337.
The banks and financial services sector saw 80% surge in trade volume to 42.74mn equities and value more than doubled to QR243.94mn and transactions more than doubled to 10,043.
The industrials sector’s trade volume soared 62% to 48.39mn stocks, value by 38% to QR75.3mn and deals by 49% to 3,312.
There was 44% expansion in the consumer goods and services sector’s trade volume to 10.92mn shares on more than doubled value to QR46.79mn and 71% jump in transactions to 1,468.
The transport sector’s trade volume shot up 41% to 11.57mn equities and value by 33% to QR27.94mn on more than doubled deals to 1,050.
In the debt market, there was no trading of sovereign bonds and treasury bills.