The Qatar Stock Exchange on Sunday crossed the 12,000 points levels, mainly on the back of strong demand for real estate, insurance and banking sectors.
The Gulf institutions were increasingly into net buying as the 20-stock Qatar Index rose 52 points or 0.44% to 12,011.4 points, recovering from an intraday low of 11,925 points.
Domestic funds turned bullish in the market, whose year-to-date gains improved further to 3.32%.
Both Arab and Gulf individuals were seen bullish in the bourse, whose capitalisation grew about QR3bn or 0.41% to QR682.35bn, mainly lifted by mid and small cap segments.
The local retail investors’ weakened net selling also had its influence in the market, where about 72% of the traded constituents extended gains to investors.
The Gulf individuals were increasingly into net buying, albeit at lower levels, in the main market, which saw a total of 389,903 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR4.47mn trade across 56 deals.
The Total Return Index gained 0.44% to 23,777.3 points, All Share Index by 0.4% to 3,780.24 points and Al Rayan Islamic Index (Price) by 0.7% to 2,666.15 points in the market, which saw no trading of sovereign bonds and treasury bills.
The realty sector index soared 1.4%, insurance (0.84%), banks and financial services (0.48%), industrials (0.26%) and transport (0.21%); while telecom declined 0.18% and consumer goods and services 0.16%.
Major gainers in the main market included Dlala, Investment Holding Group, Qatar General Insurance and Reinsurance, Widam Food, Salam International Investment, Qatar Islamic Bank, Qatar Oman Investment, Inma Holding, Baladna, Aamal Company, Qatar National Cement, Gulf International Services, Mesaieed Petrochemical Holding, Qamco, Ezdan and Mazaya Qatar. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Nevertheless, Zad Holding, Ahlibank Qatar, Mannai Corporation, QLM and Industries Qatar were among the losers in the main market.
The Gulf institutions’ net buying increased markedly to QR9.72mn compared to QR7.52mn on January 6.
The Arab individuals turned net buyers to the tune of QR6.19mn against net sellers of QR7.22mn the previous trading day.
The domestic funds were net sellers to the extent of QR5.85mn compared with net buyers of QR2.31mn last Thursday.
The foreign individuals turned net buyers to the tune of QR2.8mn against net sellers of QR4.22mn on January 6.
The Gulf individuals’ net buying increased marginally to QR0.57mn compared to QR0.26mn the previous trading day.
Local retail investors' net profit booking eased significantly to QR66.77mn against QR77.47mn last Thursday.
However, foreign institutions' net buying decreased substantially to QR41.65mn compared to QR83.44mn on January 6.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market grew 47% to 224.3mn shares and value by 25% to QR530.37mn, while transactions fell 3% to 9,804.
The consumer goods and services sector’s trade volume soared 78% to 54.68mn equities and value by 11% to QR66.74mn, whereas deals shrank 15% to 1,401.
The industrials sector reported 77% surge in trade volume to 71.03mn stocks, 58% in value to QR157.8mn and 32% in transactions to 2,864.
The real estate sector’s trade volume shot up 32% to 41.14mn shares, value by 46% to QR52.81mn and deals 40% to 1,368.
There was 31% growth in the insurance sector’s trade volume to 4.19mn equities, 46% in value to QR13.53mn and 55% in transactions to 288.
The market witnessed 21% expansion in the transport sector’s trade volume to 8.37mn stocks and 26% in value to QR48.8mn but on 60% shrinkage in deals to 411.
The banks and financial services sector’s trade volume was up 11% to 43.33mn shares and value by 9% to 186.27mn, while transactions declined 11% to 3,276.
However, there was 8% dip in the telecom sector’s volume to 1.56mn equities, 49% in value to QR4.42mn and 54% in deals to 196.
In the venture market, volume more than doubled to 236,568 stocks and value more than tripled to QR1.55mn on more than doubled transactions to 104.