The Qatar Stock Exchange gained more than 120 points and its key index surpassed 13,300 levels, reflecting the optimism in the global market due to the rising oil prices.
The banks, insurance and telecom counters witnessed higher than average demand as the 20-stock Qatar Index shot up 0.91% to 13,314.96 points, recovering from an intraday low of 13,205 points.
The foreign institutions were increasingly net buyers in the market, whose year-to-date gains were at 14.53%.
The Arab individuals were also increasingly bullish in the bourse, whose capitalisation soared QR7.69bn or 1.05% to QR740.95bn, mainly on the back of mid and small cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.04mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.47mn changed hands across 14 deals.
Trade turnover and volume were on the increase in the main market and it was a similar trend in the venture market.
The Gulf institutions turned net buyers in the bourse, which saw no trading of sovereign bonds.
The local retail investors were nevertheless bearish in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.91% to 27,237.35 points, the All Share Index by 1.15% to 4,229.78 points and the Al Rayan Islamic Index (Price) by 0.17% to 2,916.3 points.
The banks and financial services sector index zoomed 2.2%, insurance (1.18%), telecom (0.79%), consumer goods and services (0.15%) and industrials (0.05%); while transport and real estate declined 1.69% and 0.09% respectively.
More than 52% of the traded constituents in the main market extended gains with major movers being Alijarah Holding, Inma Holding, QNB, Qatar Islamic Bank, Al Khaleej Takaful, Dlala, Qatar National Cement, Gulf International Services, Qamco, Qatar Insurance, Mazaya Qatar and Ooredoo.
In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Milaha, Ezdan, Mannai Corporation, Ahlibank Qatar, QLM, Industries Qatar and Nakilat were among the losers in the main market.
In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased significantly to QR242.39mn compared to QR55.91mn on September 12.
The Arab individuals’ net buying strengthened perceptibly to QR4.96mn against QR3.23mn the previous day.
The Gulf institutions were net buyers to the tune of QR1.29mn compared with net sellers of QR13.14mn on Monday.
The Gulf retail investors’ net selling declined noticeably to QR1.12mn against QR7.49mn on September 12.
However, Qatari individuals’ net selling grew considerably to QR124.91mn compared to QR17.07mn the previous day.
The domestic institutions’ net profit booking rose substantially to QR123.06mn against QR22.25mn on Monday.
The foreign individuals’ net buying eased marginally to QR0.47mn compared to QR0.81mn on September 12.
The Arab institutions continued to have no major net exposure for the seventh consecutive session.
Total trade volume in the main market was up 7% to 149.11mn shares and value by 19% to QR638.22mn, whereas deals shrank 4% to 18,298.
The venture market saw trade volumes more than double to 0.2mn equities and value also more than double to QR1.5mn on 88% expansion in transactions to 105.
The banks, insurance and telecom counters witnessed higher than average demand as the 20-stock Qatar Index shot up 0.91% to 13,314.96 points, recovering from an intraday low of 13,205 points.
The foreign institutions were increasingly net buyers in the market, whose year-to-date gains were at 14.53%.
The Arab individuals were also increasingly bullish in the bourse, whose capitalisation soared QR7.69bn or 1.05% to QR740.95bn, mainly on the back of mid and small cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.04mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.47mn changed hands across 14 deals.
Trade turnover and volume were on the increase in the main market and it was a similar trend in the venture market.
The Gulf institutions turned net buyers in the bourse, which saw no trading of sovereign bonds.
The local retail investors were nevertheless bearish in the market, which saw no trading of treasury bills.
The Total Return Index gained 0.91% to 27,237.35 points, the All Share Index by 1.15% to 4,229.78 points and the Al Rayan Islamic Index (Price) by 0.17% to 2,916.3 points.
The banks and financial services sector index zoomed 2.2%, insurance (1.18%), telecom (0.79%), consumer goods and services (0.15%) and industrials (0.05%); while transport and real estate declined 1.69% and 0.09% respectively.
More than 52% of the traded constituents in the main market extended gains with major movers being Alijarah Holding, Inma Holding, QNB, Qatar Islamic Bank, Al Khaleej Takaful, Dlala, Qatar National Cement, Gulf International Services, Qamco, Qatar Insurance, Mazaya Qatar and Ooredoo.
In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Milaha, Ezdan, Mannai Corporation, Ahlibank Qatar, QLM, Industries Qatar and Nakilat were among the losers in the main market.
In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased significantly to QR242.39mn compared to QR55.91mn on September 12.
The Arab individuals’ net buying strengthened perceptibly to QR4.96mn against QR3.23mn the previous day.
The Gulf institutions were net buyers to the tune of QR1.29mn compared with net sellers of QR13.14mn on Monday.
The Gulf retail investors’ net selling declined noticeably to QR1.12mn against QR7.49mn on September 12.
However, Qatari individuals’ net selling grew considerably to QR124.91mn compared to QR17.07mn the previous day.
The domestic institutions’ net profit booking rose substantially to QR123.06mn against QR22.25mn on Monday.
The foreign individuals’ net buying eased marginally to QR0.47mn compared to QR0.81mn on September 12.
The Arab institutions continued to have no major net exposure for the seventh consecutive session.
Total trade volume in the main market was up 7% to 149.11mn shares and value by 19% to QR638.22mn, whereas deals shrank 4% to 18,298.
The venture market saw trade volumes more than double to 0.2mn equities and value also more than double to QR1.5mn on 88% expansion in transactions to 105.