The foreign institutions' increased net buying interests yesterday lifted the Qatar Stock Exchange by more than 50 points.
Higher than average demand, especially in the insurance and realty counters, led the 20-stock Qatar Index to gain 0.37% to 13,563.87 points, recovering from an intraday low of 13,517 points.
About 58% of the traded constituents extended gains to investors in the market, whose year-to-date gains were at 16.67%.
The Gulf funds were increasingly net buyers in the bourse, whose capitalisation saw 0.72% increase to QR764.83bn, mainly on the back of midcap segments.
The Islamic index was seen gaining slower than the other indices in the bourse, where the consumer goods and real estate sectors together accounted for more than 59% of the trading volume.
The Arab institutions were increasingly net buyers in the market, which saw a total of 69,026 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR685,143 changed hands across 23 deals.
The Gulf individuals were seen increasingly bullish in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.37% to 27,674.7 points, the All Share Index by 0.52% to 4,347.51 points and the Al Rayan Islamic Index (Price) by 0.3% to 2,913.64 points.
The insurance sector index shot up 2.74%, real estate (1.67%), consumer goods and services (0.61%), transport (0.56%), banks and financial services (0.52%) and industrials (0.1%); while telecom declined 0.4%.
Major gainers in the main market included Dlala, Ezdan, Baladna, QLM, Qatar Insurance, QNB, Alijarah Holding, Salam International Investment, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Barwa, Mazaya Qatar and Nakilat.
Nevertheless, Mannai Corporation, Aamal Company, Gulf International Services, Al Meera and Doha Bank were among the losers in the main market.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
The foreign institutions’ net buying increased substantially to QR169.07mn against QR64.44mn on April 3.
The Gulf funds’ net buying grew noticeably to QR11.92mn compared to QR7.91mn the previous day.
The Arab institutions’ net buying strengthened perceptibly to QR3.82mn against QR1.5mn on Sunday.
The Gulf individuals’ net buying rose marginally to QR0.29mn compared to QR0.23mn on April 3.
Qatari individuals’ net profit booking eased substantially to QR1.7mn against QR18.43mn the previous day.
The foreign individuals’ net selling shrank markedly to QR5.23mn compared to QR11.96mn on Sunday.
However, the domestic funds’ net selling zoomed considerably to QR172.65mn against QR52.85mn on April 3.
The Arab individuals were net sellers to the extent of QR5.52mn compared with net buyers of QR9.16mn the previous day.
Total trade volume in the main market more than doubled to 267.25mn shares and value also more than doubled to QR731.01mn on an 82% increase in transactions to 17,743.
The banks and financial services sector’s trade volume more than tripled to 48.02mn equities and value soared 49% to QR283.01mn on almost-doubled-deals to 8,063.
The consumer goods and services sector’s trade volume more than tripled to 97.68mn stocks and value more than doubled to QR163.65mn on an 80% jump in transactions to 2,427.
The insurance sector’s trade volume more than tripled to 6.19mn shares and value more than tripled to QR17.75mn on a 9% growth in deals to 512.
The real estate sector’s trade volume almost tripled to 60.43mn equities and value more than tripled to QR80.21mn on a 67% expansion in transactions to 1,663.
The transport sector’s trade volume more than doubled to 4.84mn stocks and value zoomed 88% to QR25.19mn on more-than-doubled deals to 723.
There was a 39% surge in the telecom sector’s trade volume to 4.47mn shares, 76% in value to QR14.18mn and 47% in transactions to 583.
The industrials sector’s trade volume grew 22% to 45.63mn equities, value by 34% to QR147.01mn and deals by 76% to 3,772.
The venture market reported a 48.15% shrinkage in trade volumes to 0.28mn stocks, 54.59% in value to QR2.03mn and 32.65% in transactions to 132.