Foreign institutions’ sustained net buying Sunday lifted the Qatar Stock Exchange by 45 points.
The transport, industrials and insurance counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.37% to 12,056.38 points, recovering from an intraday low of 11,997 points.
The Gulf individuals were increasingly net buyers in the market, whose year-to-date gains improved further to 3.7%.
More than 62% of the traded constituents extended gains to investors in the bourse, whose capitalisation grew about QR3bn or 0.39% to QR685.01bn, mainly on the back of small cap segments.
Local retail investors were increasingly net sellers in the market, where five of the seven sectors were seen bullish.
Domestic funds were seen net profit takers in the main market, which saw a total of 193,637 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR2.21mn trade across four deals.
The Total Return Index gained 0.37% to 23,866.33 points, the All Share Index by 0.37% to 3,794.04 points and the Al Rayan Islamic Index (Price) by 0.32% to 2,674.15 points in the market, which saw no trading of sovereign bonds and treasury bills.
The transport index shot up 1.26%, industrials (0.71%), insurance (0.64%), banks and financial services (0.2%), consume goods and services (0.18%) and realty (0.05%); while telecom shrank 0.27%.
Major gainers in the main market included Gulf International Services, Inma Holding, Qatari Investors Group, Mesaieed Petrochemical Holding, Ahlibank Qatar, Industries Qatar, Qamco, Qatar National Cement, Qatar Insurance, Ezdan, Vodafone Qatar, Gulf Warehousing and Nakilat.
Nevertheless, Widam Food, Qatar Islamic Insurance, Ooredoo, Investment Holding Group and Dlala were among the losers in the main market.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their stoks depreciate in value.
Foreign institutions' net buying increased substantially to QR95.94mn compared to QR41.65mn on January 9.
The Gulf individuals’ net buying strengthened notably to QR1.19mn against QR0.57mn the previous day.
However, local retail investors' net selling rose significantly to QR92.56mn compared to QR66.77mn on Sunday.
The domestic funds turned net buyers to the tune of QR16.26mn against net sellers of QR5.85mn on January 9.
The Gulf institutions’ net buying decreased markedly to QR3.12mn compared to QR9.72mn the previous day.
The Arab individuals’ net buying also weakened perceptibly to QR6.07mn against QR6.19mn on Sunday.
The foreign individuals’ net buying eased marginally to QR2.5mn compared to QR2.8mn on January 9.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market fell 24% to 169.39mn shares and value by 9% to QR483.33mn, while transactions rose 10% to 10,821.
The telecom sector’s volume more than tripled to 5.54mn equities and value also more than tripled to QR13.53mn on more-than-doubled deals to 422.
The industrials sector’s trade volume was up less than 1% to 71.23mn stocks, value by 18% to QR186.05mn and 21% in transactions to 3,458.
However, the consumer goods and services sector saw a 63% plunge in trade volume to 20.27mn shares, 44% in value to QR37.14mn and 28% in deals to 1,011.
The real estate sector’s trade volume plummeted 39% to 25mn equities, value by 38% to QR32.86mn and transactions by 30% to 958.
There was a 30% contraction in the insurance sector’s trade volume to 2.94mn stocks and 38% in value to QR8.44mn but on 23% jump in deals to 355.
The transport sector’s trade volume tanked 29% to 5.91mn shares and value by 32% to QR33.38mn, whereas transactions gained 13% to 466.
The banks and financial services sector reported an 11% dip in trade volume to 38.5mn equities and 8% in value to 171.93mn but on 27% increase in deals to 4,151.
In the venture market, volume grew 38.88% to 328,553 stocks, value by 47.59% to QR2.29mn and transactions by 84.62% to 192.