The Qatar Stock Exchange on Thursday gained as much as 172 points, discounting global market apprehensions over a sharp hike in the US rates.
The foreign funds were increasingly net buyers as the 20-stock Qatar Index shot up 1.31% to 13,243.73 points, recovering from an intraday low of 13,107 points.
The Arab individuals turned net buyers in the market, whose year-to-date gains improved to 13.92%.
The telecom and banking counters witnessed higher than average demand in the bourse, whose capitalisation soared QR7.42bn or 1.02% to QR734.34bn, 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 0.17mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.69mn changed hands across 32 deals.
Trade turnover and volume were on the increase in the main market and it was a similar trend in the venture market.
Foreign individuals were bullish, albeit at lower levels, in the bourse, which saw no trading of sovereign bonds.
However, the domestic and Gulf institutions were also increasingly into net selling in the market, which saw no trading of treasury bills.
The Total Return Index gained 1.31% to 27,127.46 points, the All Share Index by 1.24% to 4,204.42 points and the Al Rayan Islamic Index (Price) by 0.75% to 2,888.27points.
The telecom index zoomed 2.66%, banks and financial services (2.16%), real estate (1.04%), insurance (0.31%) and industrials (0.17%); while consumer goods and services declined 0.8% and transport 0.61%.
More than 51% of the traded constituents in the main market extended gains with major movers being QIIB, Qatar Islamic Bank, Ooredoo, United Development Company, Commercial Bank, QNB, Qatari German Medical Devices, Al Meera, Qatar Electricity and Water, Barwa, Vodafone Qatar and Nakilat. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Doha Bank, Milaha, Zad Holding, Dlala, Ezdan, Woqod, Qatar National Cement, Aamal Company, Mesaieed Petrochemical Holding and Gulf Warehousing 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 QR186.13mn compared to QR15.21mn on September 14.
The Arab individuals turned net buyers to the tune of QR4.54mn against net sellers of QR4.89mn the previous day.
The foreign individuals were net buyers to the extent of QR0.76mn compared with net sellers of QR1.05mn on Wednesday.
However, the domestic institutions’ net selling strengthened substantially to QR182.42mn against QR32.13mn on September 14.
The Gulf institutions’ net profit booking grew markedly to QR6.66mn compared to QR3.92mn the previous day.
Qatari individuals were net sellers to the extent of QR3.79mn against net buyers of QR24.58mn on Wednesday.
The Gulf retail investors’ net buying declined noticeably to QR1.2mn compared to QR1.76mn on September 14.
The Arab institutions’ net buying eased marginally to QR0.24mn against QR0.43mn the previous day.
Total trade volume in the main market shot up 79% to 240.89mn shares and value almost tripled to QR1.44bn on a 9% increase in deals to 19,899.
The venture market saw trade volumes almost triple to 0.45mn equities and value more than double to QR2.99mn on more than doubled transactions to 147.
The foreign funds were increasingly net buyers as the 20-stock Qatar Index shot up 1.31% to 13,243.73 points, recovering from an intraday low of 13,107 points.
The Arab individuals turned net buyers in the market, whose year-to-date gains improved to 13.92%.
The telecom and banking counters witnessed higher than average demand in the bourse, whose capitalisation soared QR7.42bn or 1.02% to QR734.34bn, 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 0.17mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.69mn changed hands across 32 deals.
Trade turnover and volume were on the increase in the main market and it was a similar trend in the venture market.
Foreign individuals were bullish, albeit at lower levels, in the bourse, which saw no trading of sovereign bonds.
However, the domestic and Gulf institutions were also increasingly into net selling in the market, which saw no trading of treasury bills.
The Total Return Index gained 1.31% to 27,127.46 points, the All Share Index by 1.24% to 4,204.42 points and the Al Rayan Islamic Index (Price) by 0.75% to 2,888.27points.
The telecom index zoomed 2.66%, banks and financial services (2.16%), real estate (1.04%), insurance (0.31%) and industrials (0.17%); while consumer goods and services declined 0.8% and transport 0.61%.
More than 51% of the traded constituents in the main market extended gains with major movers being QIIB, Qatar Islamic Bank, Ooredoo, United Development Company, Commercial Bank, QNB, Qatari German Medical Devices, Al Meera, Qatar Electricity and Water, Barwa, Vodafone Qatar and Nakilat. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Doha Bank, Milaha, Zad Holding, Dlala, Ezdan, Woqod, Qatar National Cement, Aamal Company, Mesaieed Petrochemical Holding and Gulf Warehousing 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 QR186.13mn compared to QR15.21mn on September 14.
The Arab individuals turned net buyers to the tune of QR4.54mn against net sellers of QR4.89mn the previous day.
The foreign individuals were net buyers to the extent of QR0.76mn compared with net sellers of QR1.05mn on Wednesday.
However, the domestic institutions’ net selling strengthened substantially to QR182.42mn against QR32.13mn on September 14.
The Gulf institutions’ net profit booking grew markedly to QR6.66mn compared to QR3.92mn the previous day.
Qatari individuals were net sellers to the extent of QR3.79mn against net buyers of QR24.58mn on Wednesday.
The Gulf retail investors’ net buying declined noticeably to QR1.2mn compared to QR1.76mn on September 14.
The Arab institutions’ net buying eased marginally to QR0.24mn against QR0.43mn the previous day.
Total trade volume in the main market shot up 79% to 240.89mn shares and value almost tripled to QR1.44bn on a 9% increase in deals to 19,899.
The venture market saw trade volumes almost triple to 0.45mn equities and value more than double to QR2.99mn on more than doubled transactions to 147.