The Qatar Stock Exchange on Thursday gained 141 points to cross the 11,800 levels, mainly on the back of strong buying interests of the Gulf institutions.
The banking and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index shot up 1.21% to 11,806.53 points.
The foreign institutions were also seen increasingly into net buying in the bourse, whose year-to-date gains improved to 13.13%.
The foreign and Gulf individuals were seen net buyers in the market, whose capitalisation saw about QR9bn or 1.28% increase to QR682.02bn, mainly owing to large cap segments.
However, the domestic institutions were increasingly into net profit booking in the bourse, where the industrials and banking sectors together constituted about 62% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, where local retail investors turned net sellers.
The Arab individuals were also seen net profit takers in the market, which saw a total of 4,312 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR13,685 change hands across four deals.
The Total Return Index rose 1.21% to 23,371.73 points, the All Share Index by 1.24% to 3,736.27 points and the Al Rayan Islamic Index (Price) by 0.59% to 2,642.96 points in the market, which saw no trading of sovereign bonds and treasury bills.
The banks and financial services sector index soared 2.09%, consumer goods and services (1.22%) and industrials (0.77%); while insurance declined 1.4%, telecom (1.03%), transport (0.7%) and real estate (0.55%).
About 55% of the traded constituents in the main market extended gains with major movers being Industries Qatar, QNB, Qatar Islamic Bank, Woqod, Ahlibank Qatar, Mesaieed Petrochemical Holding, QIIB, Masraf Al Rayan and Qatar First Bank.
Nevertheless, Gulf International Services, Qamco, Qatar Insurance, Aamal Company, Qatar Oman Investment, Dlala, Salam International Investment, Mannai Corporation, Qatar General Insurance and Reinsurance, Ooredoo, Gulf Warehousing and Nakilat were among the losers in the main market.
In the venture market, Mekdam Holding saw its shares lose glean.
However, the Gulf institutions’ net buying increased substantially to QR177.41mn against QR30.97mn on October 27.
The foreign institutions’ net buying grew significantly to QR42.65mn compared to QR8.79mn the previous day.
The foreign individuals turned net buyers to the tune of QR2.04mn against net sellers of QR1.95mn on Wednesday.
The Gulf individuals were net buyers to the extent of QR1.5mn compared with net sellers of QR0.56mn on October 27.
However, the domestic funds’ net selling increased drastically to QR194.57mn against QR63.36mn the previous day.
The Arab individuals turned were net sellers to the tune of QR16.24mn compared with net buyers of QR1.83mn on Wednesday.
Local retail investors were net profit takers to the extent of QR12.79mn against net buyers of QR24.27mn on October 27.
The Arab institutions had no major net exposure compared with net buyers to the tune of QR0.03mn the previous day.
Total trade volume in the main market rose 5% to 168.75mn shares and value by 24% to QR655.72mn, while transactions fell 1% to 11,202.
The insurance’s sector’s trade volume more than doubled to 3.79mn equities, value soared 70% to QR9.99mn and deals by 41% to 226.
The banks and financial services sector saw a 25% surge in trade volume to 37.26mn stocks and 50% in value to QR312.39mn but on a 17% decline in transactions to 4,152.
The real estate sector’s trade volume shot up 14% to 15.98mn shares and value by 3% to QR20.52mn, while deals shrank 18% to 582.
There was a 6% expansion in the industrials sector’s trade volume to 67.24mn equities, 11% in value to QR166.03mn and 12% in transactions to 3,264.
The consumer goods and services sector’s trade volume was up 6% to 30.16mn stocks and value by 27% to QR68.42mn, whereas deals declined 5% to 1,224.
However, the transport sector reported a 48% plunge in trade volume to 9.84mn shares, 31% in value to QR52.14mn and 27% in transactions to 592.
The telecom sector’s trade volume eased 7% to 4.48mn equities, while value zoomed 66% to QR26.23mn amidst more than doubled deals to 1,162.
The banking and consumer goods counters witnessed higher than average demand as the 20-stock Qatar Index shot up 1.21% to 11,806.53 points.
The foreign institutions were also seen increasingly into net buying in the bourse, whose year-to-date gains improved to 13.13%.
The foreign and Gulf individuals were seen net buyers in the market, whose capitalisation saw about QR9bn or 1.28% increase to QR682.02bn, mainly owing to large cap segments.
However, the domestic institutions were increasingly into net profit booking in the bourse, where the industrials and banking sectors together constituted about 62% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, where local retail investors turned net sellers.
The Arab individuals were also seen net profit takers in the market, which saw a total of 4,312 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR13,685 change hands across four deals.
The Total Return Index rose 1.21% to 23,371.73 points, the All Share Index by 1.24% to 3,736.27 points and the Al Rayan Islamic Index (Price) by 0.59% to 2,642.96 points in the market, which saw no trading of sovereign bonds and treasury bills.
The banks and financial services sector index soared 2.09%, consumer goods and services (1.22%) and industrials (0.77%); while insurance declined 1.4%, telecom (1.03%), transport (0.7%) and real estate (0.55%).
About 55% of the traded constituents in the main market extended gains with major movers being Industries Qatar, QNB, Qatar Islamic Bank, Woqod, Ahlibank Qatar, Mesaieed Petrochemical Holding, QIIB, Masraf Al Rayan and Qatar First Bank.
Nevertheless, Gulf International Services, Qamco, Qatar Insurance, Aamal Company, Qatar Oman Investment, Dlala, Salam International Investment, Mannai Corporation, Qatar General Insurance and Reinsurance, Ooredoo, Gulf Warehousing and Nakilat were among the losers in the main market.
In the venture market, Mekdam Holding saw its shares lose glean.
However, the Gulf institutions’ net buying increased substantially to QR177.41mn against QR30.97mn on October 27.
The foreign institutions’ net buying grew significantly to QR42.65mn compared to QR8.79mn the previous day.
The foreign individuals turned net buyers to the tune of QR2.04mn against net sellers of QR1.95mn on Wednesday.
The Gulf individuals were net buyers to the extent of QR1.5mn compared with net sellers of QR0.56mn on October 27.
However, the domestic funds’ net selling increased drastically to QR194.57mn against QR63.36mn the previous day.
The Arab individuals turned were net sellers to the tune of QR16.24mn compared with net buyers of QR1.83mn on Wednesday.
Local retail investors were net profit takers to the extent of QR12.79mn against net buyers of QR24.27mn on October 27.
The Arab institutions had no major net exposure compared with net buyers to the tune of QR0.03mn the previous day.
Total trade volume in the main market rose 5% to 168.75mn shares and value by 24% to QR655.72mn, while transactions fell 1% to 11,202.
The insurance’s sector’s trade volume more than doubled to 3.79mn equities, value soared 70% to QR9.99mn and deals by 41% to 226.
The banks and financial services sector saw a 25% surge in trade volume to 37.26mn stocks and 50% in value to QR312.39mn but on a 17% decline in transactions to 4,152.
The real estate sector’s trade volume shot up 14% to 15.98mn shares and value by 3% to QR20.52mn, while deals shrank 18% to 582.
There was a 6% expansion in the industrials sector’s trade volume to 67.24mn equities, 11% in value to QR166.03mn and 12% in transactions to 3,264.
The consumer goods and services sector’s trade volume was up 6% to 30.16mn stocks and value by 27% to QR68.42mn, whereas deals declined 5% to 1,224.
However, the transport sector reported a 48% plunge in trade volume to 9.84mn shares, 31% in value to QR52.14mn and 27% in transactions to 592.
The telecom sector’s trade volume eased 7% to 4.48mn equities, while value zoomed 66% to QR26.23mn amidst more than doubled deals to 1,162.
