The Qatar Stock Exchange on Tuesday gained more than 47 points to cross the 9,200 levels with an ease, mainly lifted by real estate, industrials and insurance segments.
Domestic and foreign institutions were seen bullish as the 20-stock Qatar Index gained 0.51% to 9,243.83 points, although it touched a high of 9,257 points intraday.
The Gulf individuals were also seen bullish albeit at lower levels on the bourse, whose year-to-date losses were at 11.33%.
Market capitalisation saw more than QR2bn or 0.39% increase to QR537.56bn mainly owing to midcap segments.
Islamic stocks were however seen gaining slower than the other indices on the market, which saw local, foreign and the Arab retail investors turn net sellers.
Trade turnover and volumes were on the increase on the market, where the real estate and industrials sectors together accounted for about 60% of the total trading volume.
The Total Return Index rose 0.51% to 17,770.96 points, Al Rayan Islamic Index (Price) by 0.45% to 2,092.92 points and All Share Index by 0.51% to 2,880.25 points.
The realty index soared 3.22%, industrials (1.12%), insurance (1.03%), telecom (0.77%), banks and financial services (0.23%) and transport (0.01%); while consumer goods and services declined 0.35%.
More than 51% of the traded constituents extended gains with major movers being United Development Company, Qatari Investors Group, Qatar Industrial Manufacturing, Qatar National Cement, Gulf International Services, Ooredoo, Nakilat, Al Khaleej Takaful, Qatar Islamic Bank and Doha Bank; even as Vodafone Qatar, Milaha, Aamal Company, Qamco, Qatari German Company for Medical Devices, Qatar First Bank, Salam International Investments and Alijarah Holding were among the losers.
Domestic institutions turned net buyers to the tune of QR17.87mn compared with net sellers of QR29.43mn on July 6.
Foreign funds were also net buyers to the extent of QR9.82mn against net sellers of QR22.47mn the previous day.
The Gulf individuals turned net buyers to the tune of QR2.06mn compared with net sellers of QR1.85mn on Monday.
However, local retail investors were net sellers to the extent of QR22.17mn against net buyers of QR35.04mn on July 6.
Foreign individuals turned net sellers to the tune of QR7.88mn compared with net buyers of QR4.15mn the previous day.
The Arab individuals were also net profit takers to the extent of QR6.11mn against net buyers of QR7.51mn on Monday.
The Gulf institutions’ net buying declined notably to QR6.41mn compared to QR7.11mn on July 6.
The Arab institutions continued to have no major exposure.
Total trade volumes grew 14% to 308.18mn shares, value by 17% to QR587.98mn and transactions by 20% at 10,835.
The transport sector’s trade volume grew almost six-fold to 13.54mn equities and value by more than six-fold to QR43.93mn on 88% increase in deals to 375.
There was 51% surge in the insurance sector’s trade volume to 10.15mn stocks, 72% in value to QR19.7mn and 70% in transactions to 459.
The real estate sector’s trade volume soared 33% to 103mn shares, while value fell 9% to QR131.88mn despite 57% higher deals at 2,743.
The industrials sector reported 16% expansion in trade volume to 81.56mn equities, value by 34% to QR143.35mn and transactions by 41% to 2,844.
The banks and financial services sector’s trade volume shot up 14% to 66.17 stocks and value by 20% to QR178.86mn, while deals shrank 16% to 2,194.
However, the consumer goods and services sector saw 39% plunge in trade volume to 21.13mn shares, 21% in value to QR41.77mn and 25% in transactions to 1,046.
The telecom sector’s trade volume plummeted 39% to 12.63mn equities and value by 2% to QR28.49mn, whereas deals increased 47% to 1,174.
In the debt market, there was no trading of sovereign bonds and treasury bills.