The Qatar Stock Exchange on Monday rebounded with a strong 289 points increase in its key index and QR18bn in capitalisation, reflecting an early optimism in view of the talks between Ukraine and Russia.
The banking, transport and industrials counters witnessed higher than average demand as the 20-stock Qatar Index zoomed 2.28% to 12,948.75 points, recovering from an intraday low of 12,617 points.
Foreign funds were seen extremely bullish in the market, whose year-to-date gains shot up to 11.38%.
More than 74% of the traded constituents extended gains to investors in the bourse, whose capitalisation saw 2.57% surge to QR734.43bn, mainly on the back of large cap segments.
The Gulf institutions were increasingly into net buying in the market, where the industrials and consumer goods sectors together accounted for more than 66% of the trading volume.
The Arab funds were seen bullish, albeit at lower levels, in the bourse, which saw a total of 75,113 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR772,194 changed hands across 18 deals.
The domestic institutions and local retail investors were however increasingly into net profit booking 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 rose 2.5% to 25,887.43 points, All Share Index by 2.81% to 4,092.32 points and Al Rayan Islamic Index (Price) by 1.1% to 2,850.19 points.
The banks and financial services sector index soared 3.88%, transport (2.4%), industrials (2.35%), real estate (1.62%) and insurance (0.42%); while telecom fell 0.39% and consumer goods and services 0.11%.
Major gainers in the main market included QNB, Salam International Investment, Investment Holding Group, Qatar Oman Investment, Qamco, Commercial Bank, Doha Bank, Dlala, Baladna, Industries Qatar, Aamal Company, Gulf International Services, Qatar Insurance, Mazaya Qatar, Barwa, Ezdan, Milaha and Nakilat. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Ahlibank Qatar, Woqod, Qatar General Insurance and Reinsurance, Mannai Corporation, Inma Holding, Qatar National Cement and Ooredoo were among the losers in the main market. In the junior bourse, Mekdam Holding saw its shares weaken.
The foreign institutions turned net buyers to the tune of QR355.53mn against net sellers of QR0.41mn on February 27.
The Gulf institutions’ net buying increased considerably to QR55.56mn compared to QR5.76mn the previous day.
The Arab institutions were net buyers to the extent of QR0.8mn against no major net exposure on Sunday.
However, the domestic funds’ net selling rose significantly to QR184.54mn compared to QR38.43mn on February 27.
Qatari individuals’ net profit booking grew substantially to QR184.17mn against QR5.1mn the previous day.
The Arab individuals turned net sellers to the tune of QR29.18mn compared with net buyers of QR28.75mn on Sunday.
The Gulf individuals were net sellers to the extent of QR9.71mn against net buyers of QR0.18mn on February 27.
The foreign individuals turned net profit takers to the tune of QR4.3mn compared with net buyers of QR9.24mn the previous day.
Total trade volume in the main market more than doubled to 502.26mn shares and value almost tripled to QR1.72bn on more than doubled transactions to 24,931.
The insurance sector’s trade volume more than quadrupled to 8.63mn equities and value more than tripled to QR22.68mn on more than doubled deals to 446.
The telecom sector’s volume almost quadrupled to 15.64mn stocks and value more than quadrupled to QR52.04mn on 48% increase in transactions to 991.
The banks and financial services sector’s trade volume more than tripled to 90.78mn shares and value grew almost six-fold to QR708.42mn on more than tripled deals to 9,249.
The consumer goods and services sector’s trade volume more than tripled to 168.48mn equities and value more than doubled to QR244mn on more than doubled transactions to 3,226.
The industrials sector’s trade volume soared 72% to 163.36mn stocks and value more than doubled to QR571.71mn on more than doubled deals to 8,864.
There was 25% surge in the real estate sector’s trade volume to 42.13mn shares, 4% in value to QR66.15mn and 33% in transactions to 1,211.
However, the transport sector’s trade volume was down 7% to 13.25mn equities, value by 6% to QR52.44mn and deals by 36% to 944.
The venture market saw 43.64% increase in volumes to 0.79mn stocks, 31.64% in value to QR6.74mn and 8.08% in transactions to 214.
The banking, transport and industrials counters witnessed higher than average demand as the 20-stock Qatar Index zoomed 2.28% to 12,948.75 points, recovering from an intraday low of 12,617 points.
Foreign funds were seen extremely bullish in the market, whose year-to-date gains shot up to 11.38%.
More than 74% of the traded constituents extended gains to investors in the bourse, whose capitalisation saw 2.57% surge to QR734.43bn, mainly on the back of large cap segments.
The Gulf institutions were increasingly into net buying in the market, where the industrials and consumer goods sectors together accounted for more than 66% of the trading volume.
The Arab funds were seen bullish, albeit at lower levels, in the bourse, which saw a total of 75,113 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR772,194 changed hands across 18 deals.
The domestic institutions and local retail investors were however increasingly into net profit booking 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 rose 2.5% to 25,887.43 points, All Share Index by 2.81% to 4,092.32 points and Al Rayan Islamic Index (Price) by 1.1% to 2,850.19 points.
The banks and financial services sector index soared 3.88%, transport (2.4%), industrials (2.35%), real estate (1.62%) and insurance (0.42%); while telecom fell 0.39% and consumer goods and services 0.11%.
Major gainers in the main market included QNB, Salam International Investment, Investment Holding Group, Qatar Oman Investment, Qamco, Commercial Bank, Doha Bank, Dlala, Baladna, Industries Qatar, Aamal Company, Gulf International Services, Qatar Insurance, Mazaya Qatar, Barwa, Ezdan, Milaha and Nakilat. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Ahlibank Qatar, Woqod, Qatar General Insurance and Reinsurance, Mannai Corporation, Inma Holding, Qatar National Cement and Ooredoo were among the losers in the main market. In the junior bourse, Mekdam Holding saw its shares weaken.
The foreign institutions turned net buyers to the tune of QR355.53mn against net sellers of QR0.41mn on February 27.
The Gulf institutions’ net buying increased considerably to QR55.56mn compared to QR5.76mn the previous day.
The Arab institutions were net buyers to the extent of QR0.8mn against no major net exposure on Sunday.
However, the domestic funds’ net selling rose significantly to QR184.54mn compared to QR38.43mn on February 27.
Qatari individuals’ net profit booking grew substantially to QR184.17mn against QR5.1mn the previous day.
The Arab individuals turned net sellers to the tune of QR29.18mn compared with net buyers of QR28.75mn on Sunday.
The Gulf individuals were net sellers to the extent of QR9.71mn against net buyers of QR0.18mn on February 27.
The foreign individuals turned net profit takers to the tune of QR4.3mn compared with net buyers of QR9.24mn the previous day.
Total trade volume in the main market more than doubled to 502.26mn shares and value almost tripled to QR1.72bn on more than doubled transactions to 24,931.
The insurance sector’s trade volume more than quadrupled to 8.63mn equities and value more than tripled to QR22.68mn on more than doubled deals to 446.
The telecom sector’s volume almost quadrupled to 15.64mn stocks and value more than quadrupled to QR52.04mn on 48% increase in transactions to 991.
The banks and financial services sector’s trade volume more than tripled to 90.78mn shares and value grew almost six-fold to QR708.42mn on more than tripled deals to 9,249.
The consumer goods and services sector’s trade volume more than tripled to 168.48mn equities and value more than doubled to QR244mn on more than doubled transactions to 3,226.
The industrials sector’s trade volume soared 72% to 163.36mn stocks and value more than doubled to QR571.71mn on more than doubled deals to 8,864.
There was 25% surge in the real estate sector’s trade volume to 42.13mn shares, 4% in value to QR66.15mn and 33% in transactions to 1,211.
However, the transport sector’s trade volume was down 7% to 13.25mn equities, value by 6% to QR52.44mn and deals by 36% to 944.
The venture market saw 43.64% increase in volumes to 0.79mn stocks, 31.64% in value to QR6.74mn and 8.08% in transactions to 214.