Strong oil prices and corporate earnings Sunday led Qatar Stock Exchange vault 248 points and its key index inched towards 13,400 levels.
The domestic institutions’ strong buying interests lifted the 20-stock Qatar Index 1.89% to 13,370.03 points, recovering from an intraday low of 13,278 points.
The industrials and banking counters witnessed higher than average demand in the market, whose year-to-date gains were at 15%.
More than 82% of the traded constituents extended gains in the bourse, whose capitalisation stood at QR734.94bn with large and midcap segments making faster gains.
The Islamic index was seen underperforming other indices in the market, where the industrials sector alone constituted about 55% of the total trading volume.
The Gulf funds’ buying interests also had its influence in the bourse, which saw a total of 0.13mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.43mn changed hands across 19 deals.
The foreign institutions were seen net buyers in the market, which saw no trading of sovereign bonds.
The Total Return Index rose 1.89% to 27,386.17 points, All Share Index by 1.76% to 4,229.79 points and Al Rayan Islamic Index (Price) by 1.68% to 2,928.03 points.
The industrials sector index shot up 2.36%, banks and financial services (2.01%), realty (1.07%), transport (0.84%), consumer goods and services (0.75%) and telecom (0.28%); while insurance declined 0.33%.
Major gainers in the main market included Masraf Al Rayan, Estithmar Holding, Qatar Electricity and Water, Mesaieed Petrochemical Holding and Industries Qatar. In the venture market, Mekdam Holding saw their shares appreciate in value.
Nevertheless, Qatar General Insurance and Reinsurance, Mannai Corporation, Milaha, QLM and Commercial Bank were among the losers in the main market. In the junior bourse, Al Faleh Educational Holding saw its shares lose sheen.
The domestic institutions were net buyers to the tune of QR50.66mn, while local retail investors were net sellers to the extent of QR82mn.
The Gulf funds were net buyers to the tune of QR20.03mn; while the Gulf individuals were net profit takers to the tune of QR3.25mn.
The foreign institutions were net buyers to the tune of QR16.79mn; whereas the foreign retail investors were net sellers to the extent of QR11.24mn.
In the case of Arab funds, they were net sellers to the tune of QR0.02mn; while the Arab individuals were net buyers to the extent of QR9.02mn.
Total trade volume in the main market stood at 181.1mn shares, value at QR506.54mn and transactions at 14,151.
The banking and financial services sector saw as many as 31.13mn equities valued at QR165.43mn trade across 5,319 deals.
A total of 19.58mn consumer goods and services stocks worth QR37.57mn changed hands across 1,201 transactions.
The industrials sector saw as many as 99.51mn shares valued at QR244.17mn trade across 5,380 deals.
In the case of insurance, the sector saw a total of 3.19mn equities worth QR7.85mn change hands across 326 transactions.
The real estate sector saw a total of 22.45mn stocks valued at QR31.4mn trade across 1,038 deals and the telecom sector reported 3.64mn shares worth QR8.25mn change hands across 327 transactions.
The transport saw as many as 2.3mn equities valued at QR11.88mn trade across 560 deals.
In the venture market, trade volumes stood at 0.64mn stocks, value at QR4.38mn and deals at 184.
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