The Qatar Stock Exchange Thursday gained 63 points to cross the 11,200 levels as local retail investors turned bullish.
A higher-than-average demand for the industrials was visible as the 20-stock Qatar Index rose 0.56% to 11.240.53 points, although it touched an intraday high of 11,251 points.
Both foreign and Gulf institutions continued to be net buyers but with lesser intensity in the market, whose year-to-date gains were at 7.71%.
The Islamic index was seen gaining slower than the conventional indices in the bourse, whose capitalisation saw about QR4bn, or 0.57%, increase to QR648.91bn, mainly due to large cap segments.
The domestic funds were nevertheless increasingly net sellers in the market, which saw the industrials sector alone constitute about 55% of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where the Arab individuals turned net profit takers.
Foreign individuals were also net sellers, albeit at lower levels, in the market, which saw a total of 14,201 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR35,800 change hands across five deals.
The Total Return Index gained 0.56% to 22,251.31 points, the Al Rayan Islamic Index (Price) by 0.39% to 2,559.71 points and the All Share Index by 0.51% to 3,557.63 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index gained 1.29%, telecom (0.49%), transport (0.43%), banks and financial services (0.37%) and consumer goods and services (0.2%); whereas insurance and real estate declined 0.31% and 0.22% respectively.
Major movers included Industries Qatar, QNB, Ooredoo, Qatar Electricity and Water, Qamco, Qatari German Medical Devices, Commercial Bank, Ahlibank Qatar, Al Khaleej Takaful and Nakilat; even as Mannai Corporation, Qatar First Bank, QLM, Mesaieed Petrochemical Holding, Qatar Industrial Manufacturing, Qatar Insurance, Mazaya Qatar and Gulf Warehousing were among the shakers.
Local retail investors turned net buyers to the tune of QR9.25mn compared with net sellers of QR14.44mn on September 22.
However, the domestic institutions’ net selling increased perceptibly to QR26.29mn against QR24.48mn the previous day.
The Arab individuals were net sellers to the extent of QR9.71mn compared with net buyers of QR6.9mn on Wednesday.
The foreign individuals turned net profit takers to the tune of QR0.81mn against net buyers of QR2.22mn on September 22.
The foreign institutions’ net buying decreased noticeably to QR19.5mn compared to QR21.26mn the previous day.
The Gulf institutions’ net buying weakened marginally to QR8.02mn against QR8.33mn on Wednesday.
The Gulf individuals’ net buying eased slightly to QR0.04mn compared to QR0.19mn on September 22.
The Arab funds had no major net exposure for the third straight session.
Total trade volume rose 28% to 157.74mn shares, value by 16% to QR379.86mn and transactions by 18% to 9,235.
The industrials sector’s trade volume soared 73% to 86.07mn equities, value by 29% to QR170.49mn and deals by 34% to 3,795.
The market witnessed a 47% surge in the consumer goods and services sector’s trade volume to 23.29mn stocks, more than doubling value to QR52.68mn on an 81% increase in transactions to 1,002.
However, the insurance’s sector’s trade volume plummeted 58% to 1.4mn shares, value by 59% to QR3.8mn and deals by 40% to 109.
The telecom sector reported a 53% plunge in trade volume to 1.61mn equities, 44% in value to QR6.49mn and 26% in deals by to 286.
The real estate sector’s trade volume tanked 17% to 14.11mn stocks, value by 19% to QR18.55mn and transactions by 10% to 848.
The banks and financial services sector saw a 10% shrinkage in trade volume to 25.67mn shares but on less than 1% rise in value to QR107.75mn and 8% in deals to 2,797.
The transport sector’s trade volume was down 2% to 5.58mn equities and value by 7% to QR20.1mn, while transactions grew 17% to 398.
In the venture market, Al Faleh equities were seen gaining 1.76%, while those of Mekdam Holding declined 2.22%.