Strong demand for the industrials equities on Wednesday lifted the Qatar Stock Exchange substantially by more than 144 points and placed the key index above 12,800 levels.
Local retail investors were seen bullish as the 20-stock Qatar Index shot up 1.14% to 12,817.25 points, recovering from an intraday low of 12,731.22 points.
The foreign individuals also turned net buyers in the market, whose year-to-date gains were at 10.25%.
The Arab individuals were increasingly net buyers on the bourse, whose capitalisation saw more than QR6bn or 0.83% increase to QR732.22bn, mainly on the back of large cap segments.
The Arab institutions were seen net buyers in the market, where the industrials sector alone accounted for about 44% of the trading volume.
The Gulf retail investors were also net buyers in the bourse, which saw a total of 119,378 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR868,730 changed hands across 25 deals.
However, domestic funds were increasingly into net selling in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 1.14% to 25,372.52 points, the All Share Index by 0.67% to 4,023.58 points and the Al Rayan Islamic Index (Price) by 1.14% to 2,833.57 points.
The industrials sector index soared 4.68%; while transport declined 2.22%, consumer goods and services (0.4%), banks and financial services (0.36%), telecom (0.22%), real estate (0.13%) and insurance (0.12%).
Major gainers in the main market included Industries Qatar, Qamco, Mesaieed Petrochemical Holding, Inma Holding, Salam International Investment, Dlala, Doha Insurance and Gulf Warehousing.
Nevertheless, Qatar Industrial Manufacturing, Mannai Corporation, Nakilat, Qatar National Cement, Al Khaleej Takaful, QNB, Doha Bank, Widam Food, Baladna, Qatar Electricity and Water, Ezdan and Milaha were among the losers in the main market.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Qatari individuals turned net buyers to the tune of QR17.42mn compared with net sellers of QR95.47mn on February 7.
Foreign individuals were net buyers to the extent of QR8.31mn against net sellers of QR13.42mn last Thursday.
The Arab individuals’ net buying grew noticeably to QR5.73mn compared to QR1.85mn the previous trading day.
The Gulf individuals turned net buyers to the tune of QR2.43mn against net profit takers of QR0.25mn on February 7.
The Arab institutions were net buyers to the extent of QR0.28mn compared with no major net exposure last Thursday.
However, the domestic institutions’ net selling rose significantly to QR68.86mn against QR10.28mn the previous trading day.
The foreign funds’ net buying weakened drastically to QR23.59mn compared to QR103.19mn on February 7.
The Gulf institutions’ net buying eased markedly to QR11.1mn against QR14.37mn last Thursday.
Total trade volume in the main market rose 66% to 272.05mn shares, value by 73% to QR1.08bn and transactions by 62% to 19,874.
The real estate sector’s trade volume more than doubled to 26.98mn equities and value almost doubled to QR34.72mn on a 59% growth in deals to 929.
The industrials sector’s trade volume more than doubled to 119.63mn stocks and value also more than doubled to QR607.54mn and transactions almost doubled to 6,985.
The consumer goods and services sector reported a 73% surge in trade volume to 63.18mn shares, 19% in value to QR87.59mn and 30% in deals to 1,943.
The banks and financial services sector’s trade volume soared 27% to 45.78mn equities, value by 36% to QR277.87mn and transactions by 84% to 7,351.
There was a 2% jump in the telecom sector’s volume to 4.34mn stocks but on 28% shrinkage in value to QR17.78mn despite 26% higher deals at 984.
However, the insurance sector’s trade volume plummeted 39% to 3.97mn shares, value by 39% to QR13.78mn and transactions by 19% to 425.
The transport sector saw a 6% contraction in trade volume to 8.18mn equities but on 5% jump in value to QR41.88mn amidst 6% lower deals at 1,257.
In the venture market, volumes were down 9.26% to 0.98mn stocks, value by 14.04% to QR8.33mn and transactions by 23.46% to 323.
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