An across the board buying – particularly within consumer goods, transport and banking sectors – on Monday lifted the Qatar Stock Exchange more than 92 points to place its key index near the 9,700 levels.
Foreign and Gulf institutions were increasingly net buyers as the 20-stock Qatar Index settled 0.96% higher at 9,695.32 points.
Islamic stocks were seen gaining slower than the other indices on the market, whose year-to-date losses were at 7%.
Market capitalisation saw more than QR5bn or 0.9% increase to QR565.26bn, mainly owing to small and midcap segments.
A total of 14,690 exchange traded funds (both QATR and QETF) valued at QR40,354 changed hands across six transactions; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the increase on the market, where the industrials, consumer goods and banking sectors together accounted for about 78% of the total trading volume.
The Total Return Index gained 0.96% to 18,638.93 points, All Share Index by 0.99% to 3,020.54 points and Al Rayan Islamic Index (Price) by 0.86% to 2,221 points.
The consumer goods and services soared 1.97%, transport (1.24%), banks and financial services (1.14%), telecom (0.57%), industrials (0.47%), realty (0.24%) and insurance (0.12%).
More than 63% of the traded constituents Aamal Company, QNB, Qatar Insurance, Investment Holding Group, Salam International Investment, Woqod, Gulf Warehousing, Masraf Al Rayan, Inma Holding, Qamco and Qatar Industrial Manufacturing.
Nevertheless, Qatar General Insurance and Reinsurance, Dlala, Baladna, Qatar German Company for Medical Devices, Al Khaleej Takaful, Ahlibank Qatar and Gulf International Services were among the losers.
Foreign institutions’ net buying increased substantially to QR49.83mn compared to QR34.45mn on August 16.
The Gulf individuals turned net buyers to the tune of QR3.58mn against net sellers of QR4.67mn the previous day.
The Gulf institutions’ net buying grew noticeably to QR2.18mn compared to QR0.93mn on Sunday.
Foreign individuals were net buyers to the extent of QR1.61mn against net sellers of QR6.35mn on August 16.
The Arab funds turned net buyers to the tune of QR0.16mn compared with no major exposure the previous day.
Local retail investors’ net selling weakened considerably to QR20.99mn against QR34.49mn on Sunday.
However, domestic funds were net sellers to the extent of QR35.23mn compared with net buyers of QR5.37mn on August 16.
The Arab individuals turned net profit takers to the tune of QR1.19mn against net buyers of QR4.79mn the previous day.
Total trade volumes grew 97% to 436.85mn shares, value by 80% to QR701.85mn and transactions by 50% to 12,595.
The real estate sector’s trade volume almost quadrupled to 40.11mn equities and value more than tripled to QR45.35mn on 37% increase in deals to 1,161.
The transport sector’s trade volume more than tripled to 33.2mn stocks and value grew more than five-fold to QR143.23mn on 74% increase in transactions to 1,038.
The insurance sector’s trade volume more than doubled to 15.5mn shares and value almost doubled to QR28.54mn on 42% jump in deals to 390.
The industrials sector’s trade volume almost doubled to 181.36mn equities, value shot up 55% to QR156.09mn and transactions by 63% to 3,733.
There was 89% surge in the consumer goods and services sector’s trade volume to 96.61mn stocks, 9% in value to QR119.85mn and 34% in deals to 2,521.
The banks and financial services sector’s trade volume expanded 36% to 61.73mn shares, value by 71% to QR191.43mn and transactions by 51% to 3,175.
The telecom sector saw 25% increase in trade volume to 8.34mn equities, 52% in value to QR17.36mn and 45% in deals to 577.
