The Qatar Stock Exchange on Monday gained more than 91 points and its key index inched towards 13,200 levels, paced by strong buying interests in banking, transport and telecom counters.
The foreign institutions were increasingly net buyers as the 20-stock Qatar Index gained 0.7% to 13,194.9 points, recovering from an intraday low of 13,097 points.
The Arab retail investors were seen bullish in the market, whose year-to-date gains were at 13.5%.
The foreign individuals were increasingly into net buying in the bourse, whose capitalisation soared QR5.82bn or 0.8% to QR733.26bn mainly on the back of mid and microcap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.09mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.64mn changed hands across 24 deals.
Trade turnover grew amidst lower volumes in the main market, while in the venture market, both turnover and volumes were on the decline.
The local retail investors continued to be net sellers but with lower intensity in the bourse, which saw no trading of sovereign bonds.
The domestic institutions were increasingly net profit takers in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.7% to 27,027.43 points, the All Share Index by 0.81% to 4,181.65 points and the Al Rayan Islamic Index (Price) by 0.45 to 2,911.29 points.
The banks and financial services sector index shot up 1.51%, transport (0.95%), telecom (0.83%) and consumer goods and services (0.27%); while insurance declined 1.64%, real estate (0.21%) and industrials (0.17%).
Major gainers in the main market included Qatari German Medical Devices, QNB, Milaha, Dlala, QIIB, Baladna, Qatari Investors Group, Aamal Company, Qamco and Ooredoo.
In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, more than 53% of the traded constituents were in the red with major losers being Mannai Corporation, Qatar Cinema and Film Distribution, Qatar Insurance, Estithmar Holding, Al Khaleej Takaful, Widam Food, Al Meera, United Development Company, Ezdan and Vodafone Qatar.
The foreign institutions’ net buying increased noticeably to QR55.91mn compared to QR39.8mn on September 11.
The Arab individuals turned net buyers to the tune of QR3.23mn against net sellers of QR4.05mn the previous day.
The foreign individuals’ net buying strengthened markedly to QR0.81mn compared to QR0.27mn on Sunday.
Qatari individuals’ net selling eased marginally to QR17.07mn against QR17.19mn on September 11.
However, the domestic institutions’ net selling grew perceptibly to QR22.25mn compared to QR17.7mn the previous day.
The Gulf institutions were net sellers to the extent of QR13.14mn against net buyers of QR0.9mn on Sunday.
The Gulf retail investors’ net selling expanded noticeably to QR7.49mn compared to QR2.02mn on September 11.
The Arab institutions continued to have no major net exposure for the sixth straight session.
Total trade volume in the main market fell 45% to 139.54mn shares, while value zoomed 82% to QR534.82mn on more than doubled deals to 19,099.
In the venture market, there was a 65% contraction in trade volumes to 0.09mn equities, 66% in value to QR0.65mn and 30% in transactions to 56.
 
 
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