Mirroring the rally in global shares and oil prices, the Qatar Stock Exchange saw its key index vault 437 points and capitalisation expand QR24bn.
The extremely bullish foreign institutions led the 20-stock Qatar Index to soar 3.47% to 13,032.69 points as the index made the fastest gains intraday in four years.
The industrials, real estate and transport counters witnessed higher than average demand in the market, whose year-to-date gains improved to 12.1%.
More than 93% of the traded constituents were on the rise in the main bourse, whose capitalisation saw QR23.65bn or 3.37% addition to QR724.42bn, mainly on the back of large and midcap segments.
The Islamic index gained faster than the other indices in the market, which saw a total of 0.1mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.14mn changed hands across 53 deals.
Trade turnover and volumes were on the increase in the main and venture markets.
The Gulf institutions were found increasingly into net buying in the bourse, which saw no trading of sovereign bonds.
However, local retail investors were seen net profit takers in the market, which saw no trading of treasury bills.
The Total Return Index zoomed 3.47% to 26,695.17 points, the All Share Index by 3.2% to 4,137.42 points and the Al Rayan Islamic Index (Price) by 3.71% to 2,824.8 points.
The industrials sector index shot up 4.15%, followed by realty (3.69%), transport (3.55%), banks and financial services (3.29%), telecom (2.6%), insurance (0.71%) and consumer goods and services (0.42%).
Major gainers in the main market included Lesha Bank, Mesaieed Petrochemical Holding, Qatar Industrial Manufacturing, Masraf Al Rayan, Ezdan, QNB, Qatar Islamic Bank, Commercial Bank, Doha Bank, QIIB, Industries Qatar, Estithmar Holding, Qatar Electricity and Water, Qatari Investors Group, Qamco, QLM, Ezdan and Barwa.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Nevertheless, Zad Holding, Widam Food and Ahlibank Qatar were among the losers in the main market.
The foreign institutions turned net buyers to the tune of QR154.59mn compared with net sellers of QR1.25mn on October 3.
The Gulf institutions’ net buying increased markedly to QR11.41mn against QR0.45mn the previous day.
However, Qatari individuals turned net buyers to the extent of QR78.4mn compared with net sellers of QR7.8mn on Monday.
The domestic institutions’ net selling expanded considerably to QR67.29mn against QR10.03mn on October 3.
The Arab retail investors were net sellers to the tune of QR16.22mn compared with net buyers of QR5.23mn the previous day.
The Gulf individuals’ net profit booking strengthened perceptibly to QR2.12mn against QR0.29mn on Monday.
The foreign individuals’ net selling increased marginally to QR1.96mn compared to QR1.49mn on October 3.
The Arab institutions had no major net exposure against net profit takers to the tune of QR0.4mn the previous day.
Total trade volume in the main market more than doubled to 286.65mn shares and value soared 74% to QR744.77mn and deals by 33% to 20,126.
The venture market saw an 83% surge in trade volumes to 0.11mn equities and value more than doubled to QR0.86mn on 56% jump in transactions to 50.