The Qatar Stock Exchange Monday gained 48 points and its key index inched towards 12,600 levels, mainly lifted by the industrials and consumer goods sectors.
The local retail investors turned net buyers as the 20-stock Qatar Index rose 0.38% to finally settle at 12,595.69 points, having touched an intraday high of 12,711 points.
The Arab individuals were increasingly net buyers in the market, whose year-to-date gains improved to 8.34%.
More than 68% of the traded constituents were on the increase in the main bourse, whose capitalisation saw QR3.46bn or 0.49% addition to QR700.77bn, mainly on the back of midcap segments.
The Islamic index gained slower than the other indices in the market, which saw a total of 0.05mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.56mn changed hands across 20 deals.
Trade turnover and volumes were on the increase in the main market; while the venture market saw higher trade turnover amidst lower volumes.
The Gulf institutions were seen bullish, albeit at lower levels, in the bourse, which saw no trading of sovereign bonds.
The foreign institutions’ weakened net selling had its influence in the market, which saw no trading of treasury bills.
The Total Return Index rose 0.38% to 25,800.07 points, All Share Index by 0.54% to 4,009.16 points and Al Rayan Islamic Index (Price) by 0.23% to 2,723.76 points.
The consumer goods and services sector index shot up 1.12%, industrials (1%), telecom (0.64%), banks and financial services (0.36%), real estate (0.3%), transport (0.21%) and insurance (0.03%).
Major gainers in the main market included Alijarah Holding, Lesha Bank, Mazaya Qatar, QNB, Qatar Industrial Manufacturing, Baladna, Qatar National Cement, Industries Qatar, Aamal Company, Qatar Electricity and Water, Qatar Investors Group, Estithmar Holding, Ooredoo, Gulf Warehousing and Nakilat. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Al Khaleej Takaful, Masraf Al Rayan, Ezdan, Milaha and Mesaieed Petrochemical Holding were among the losers in the main market. In the juniour bourse, Mekdam Holding saw its shares depreciate in value.
Qatari individuals turned net buyers to the tune of QR7.8mn compared with net sellers of QR14.25mn on October 2.
The Arab retail investors’ net buying increased notably to QR5.23mn against QR3.3mn the previous day.
The Gulf institutions were net buyers to the extent of QR0.45mn compared with net sellers of QR3.08mn on Sunday.
The foreign institutions’ net profit booking declined perceptibly to QR1.25mn against QR8.57mn on October 2.
The Gulf retail investors’ net selling eased marginally to QR0.29mn compared to QR0.73mn the previous day.
However, the domestic institutions turned net sellers to the tune of QR10.03mn against net buyers of QR21.17mn on Sunday.
The foreign individuals were net sellers to the extent of QR1.49mn compared with net buyers of QR1.91mn on October 2.
The Arab institutions turned net profit takers to the tune of QR0.4mn against net buyers of QR0.25mn the previous day.
Total trade volume in the main market soared 72% to 126.35mn shares, value by 73% to QR428.18mn and deals by 80% to 15,151.
The venture market saw a 33% plunge in trade volumes to 0.06mn equities but on 39% growth in value to QR0.32mn and 45% in transactions to 32.