The Qatar Stock Exchange, which touched an intraday high of more than 11,600 levels, could not sustain the momentum but overall it settled 16% points higher than the previous close.
Foreign institutions were increasingly into net buying as the 20-stock Qatar Index settled about 16 points or 0.14% higher at 11,569 points, although it touched an intraday high of 11,607 points.
The industrials, insurance, consumer goods and banking counters witnessed higher than average demand in the bourse, whose year-to-date gains were at 10.85%.
About 61% of the traded constituents extended gains in the market, whose capitalisation however saw more than QR6bn or 0.96% decline to QR660.96bn.
The Islamic index was seen gaining slower than the other indices in the bourse, where the industrials and consumer goods sectors together constituted about 69% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, where the local retail investors’ net selling pressure lessened.
The Gulf institutions were seen bullish in the market, which saw a total of 171,177 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR446,727 change hands across six deals.
The Total Return Index rose 0.14% to 22,900.73 points, Al Rayan Islamic Index (Price) by 0.09% to 2,626.82 points and All Share Index by 0.23% to 3,659.03 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index gained 0.45%, insurance (0.45%), consumer goods and services (0.26%) and banks and financial services (0.22%); while telecom declined 0.56%, realty (0.15%) and transport (0.02%).
Major gainers in the main market included Gulf International Services, Mannai Corporation, Qatar National Cement, Qamco, QNB, Ahlibank Qatar, Zad Holding, Qatari German Medical Devices, Baladna, Qatar Industrial Manufacturing, Mesaieed Petrochemical Holding, Qatar Insurance, Mazaya Qatar, Milaha and Nakilat.
However, Doha Insurance, Ooredoo, Nakilat, Doha Bank, Ezdan, Alijarah Holding, Industries Qatar and QLM were among the losers in the main market. Both Al Faleh Educational Holding and Mekdam Holding saw their shares lose sheen in the venture market.
The foreign institutions’ net buying increased significantly to QR109.55mn compared to QR35.72mn on October 10.
The Gulf individuals turned net buyers to the tune of QR9.9mn against net profit takers of QR6.64mn on Sunday.
The local retail investors’ net selling weakened markedly to QR13.72mn compared to QR18.04mn the previous day.
However, the domestic funds’ net profit booking grew considerably to QR101.81mn against QR33.32mn on October 10.
The Gulf individuals’ net selling strengthened noticeably to QR8.79mn compared to QR0.51mn on Sunday.
The foreign individuals were net sellers to the tune of QR2.53mn against net buyers of QR4.75mn the previous day.
The Arab individuals’ net buying eased marginally to QR7.38mn compared to QR7.45mn on October 10.
The Arab institutions had no major net exposure for the second straight session.
Total trade volume in the main market rose 29% to 232.61mn shares, value by 55% to QR660.96mn and transactions by 38% to 15,318.
Nevertheless, the venture market had seen volume plummet 39.88% and value by 6.83% amidst 12.9% increase in deals.
In the main market, the insurance’s sector’s trade volume more than tripled to 8.12mn equities and value also more than tripled to QR22.12mn on more than doubled transactions to 335.
The transport sector’s trade volume more than doubled to 13.46mn stocks and value also more than doubled to QR45.92mn on more than doubled deals to 714.
There was 39% surge in the real estate sector’s trade volume to 22.29mn shares, 44% in value to QR30.6mn and 21% in transactions to 839.
The industrials sector’s trade volume soared 25% to 121.55mn equities, value by 33% to QR263.85mn and deals by 47% to 4,488.
The market witnessed 20% expansion in the consumer goods and services sector’s trade volume to 37.83mn stocks, 27% in value to QR75.14mn and 15% in transactions to 1,367.
The banks and financial services sector’s trade volume shot up 18% to 24.39mn shares, value by 92% to QR205.88mn and deals by 20% to 6,302.
However, the telecom sector saw 14% shrinkage in trade volume to 4.97mn equities but on 35% jump in value to QR17.46mn amidst more than doubled transactions to 1,273.