Robust demand, especially for Islamic equities, on Monday lifted the Qatar Stock Exchange more than 81 points and placed its key barometer near 9,900 levels.
The increased buying interests of domestic and the Gulf funds drove the 20-stock Qatar Index 0.83% to 9,890.37 points, although it touched a high of 9,902 points within the first 15 minutes of the opening.
The industrials sector witnessed higher than average demand on the market, whose year-to-date losses narrowed to 5.13%.
Market capitalisation saw more than QR3bn or 0.56% jump to QR574.73bn, mainly owing to midcap segments.
A total of 58,918 exchange traded funds (both QATR and QETF) valued at QR496,947 changed hands across 13 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 realty and industrials sectors together accounted for about 58% of the total trading volume.
The Total Return Index gained 0.83% to 19,013.9 points, All Share Index by 0.54% to 3,064.03 points and Al Rayan Islamic Index (Price) by 1.41% to 2,276.94 points.
The industrials sector index surged 3.78%, real estate (0.73%), insurance (0.54%), consumer goods and services (0.48%) and telecom (0.29%); while transport declined 0.57% and banks and financial services 0.43%.
More than 62% of the traded constituents extended gains with major movers being Industries Qatar, Mazaya Qatar, Mannai Corporation, Qatar Industrial Manufacturing, Alijarah Holding, Qatar First Bank, Qatar German Company for Medical Devices, Baladna, Mesaieed Petrochemical Holding and Qamco; whereas Ezdan, Commercial Bank, Inma Holding, Al Khaliji and Aamal Company were among the losers.
Domestic institutions’ net buying increased markedly to QR32.99mn compared to QR28.83mn on August 23.
The Gulf institutions’ net buying grew perceptibly to QR7.97mn against QR4.15mn the previous day.
The Gulf individuals turned net buyers to the extent of QR0.76mn compared with net sellers of QR1.97mn on Sunday.
Local retail investors’ net selling weakened considerably to QR32.99mn against QR47.1mn on August 23.
However, foreign funds were net sellers to the tune of QR17.93mn compared with net buyers of QR5.32mn the previous day.
The Arab individuals’ net buying decreased significantly to QR4.1mn against QR7.84mn on Sunday.
Foreign individuals’ net buying also eased noticeably to QR2.52mn compared to QR2.81mn on August 23.
The Arab funds’ net buying declined marginally to QR0.12mn against QR0.14mn the previous day.
Total trade volumes rose 31% to 357.92mn shares, value by 40% to QR586.05mn and transactions by 43% to 12,689.
The telecom sector’s trade volume almost quadrupled to 6.24mn equities and value grew more than six-fold to QR19.44mn and deals by more than nine-fold to 864.
The transport sector’s trade volume more than doubled to 9.62mn stocks and value more than doubled to QR36.18mn on 71% growth in transactions to 893.
The industrials sector’s trade volume soared 87% to 103.15mn shares and value more than doubled to QR154.12mn on 59% increase in deals to 3,328.
The banks and financial services sector saw 60% surge in trade volume to 89.53mn equities, 49% in value to QR143.99mn and 73% in transactions to 3,055.
The consumer goods and services sector’s trade volume expanded 38% to 41.41mn stocks, value by 15% to QR102.36mn and deals by 29% to 1,942.
However, the market witnessed 15% shrinkage in the insurance sector’s trade volume to 4.15mn shares, 18% in value to QR6.81mn and 21% in transactions to 172.
The real estate sector’s trade volume tanked 14% to 103.82mn equities, value by 13% to QR123.15mn and deals by 9% 2,435.