The Qatar Stock Exchange on Wednesday gained as much as 96 points, mainly lifted by banks, industrials and telecom sectors.
The foreign institutions were increasingly net buyers as the 20-stock Qatar Index grew 0.75% to 12,850.49 points, recovering from an intraday low of 12,757 points.
The local retail investors were seen bullish in the market, whose year-to-date gains were at 10.53%.
About 66% of the traded constituents extended gains to investors in the main bourse, whose capitalisation saw QR8.17bn or 1.15% increase to QR715.59bn, mainly on the back of large and small cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 1.24mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR3.63mn changed hands across 72 deals.
Trade turnover fell amidst higher volumes in the main market, while the venture market saw increased trade turnover amidst flat volumes.
The Gulf institutions were seen net buyers, albeit at lower levels, in the bourse, which saw no trading of sovereign bonds.
However, the domestic funds were seen bearish in the main market, which saw no trading of treasury bills.
The Total Return Index gained 0.75% to 26,321.98 points, All Share Index by 0.83% to 4,081.54 points and Al Rayan Islamic Index (Price) by 0.46% to 2,794.61 points.
The industrials sector index shot up 1.46%, telecom (1.2%), banks and financial services (0.86%), real estate (0.35%), insurance (0.16%) and consumer goods and services (0.13%); while transport shrank 0.37%.
Major gainers in the main market included Alijarah Holding, Mazaya Qatar, Aamal Company, Ezdan, Al Khaleej Takaful, QNB, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding and Ooredoo. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Doha Insurance, Qatari German Medical Devices, Milaha, Qatar Islamic Bank and United Development Company were among the losers in the main market.
The foreign institutions’ net buying increased significantly to QR28.41mn compared to QR6.16mn on October 11.
Qatari individuals turned net buyers to the tune of QR3.66mn against net sellers of QR1.87mn the previous day.
The Gulf institutions were net buyers to the extent of QR0.74mn compared with net sellers of QR9.43mn on Tuesday.
However, the domestic institutions turned net sellers to the tune of QR23.8mn against net buyers of QR3.8mn on October 11.
The foreign individuals’ net selling expanded markedly to QR7.44mn compared to QR7.03mn the previous day.
The Arab retail investors were net profit takers to the extent of QR1.09mn against net buyers of QR8.67mn on Tuesday.
The Gulf individuals’ net selling strengthened marginally to QR0.47mn compared to QR0.19mn on October 11.
The Arab institutions had no major net exposure against net profit takers to the tune of QR0.11mn the previous day.
Total trade volume in the main market rose 23% to 183.45mn shares, while value declined 2% to QR385.88mn and deals by 9% to 13,424.
The venture market saw flat trade volumes at 0.06mn equities but on 6% jump in value to QR0.46mn and 7% in transactions to 47.
The foreign institutions were increasingly net buyers as the 20-stock Qatar Index grew 0.75% to 12,850.49 points, recovering from an intraday low of 12,757 points.
The local retail investors were seen bullish in the market, whose year-to-date gains were at 10.53%.
About 66% of the traded constituents extended gains to investors in the main bourse, whose capitalisation saw QR8.17bn or 1.15% increase to QR715.59bn, mainly on the back of large and small cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 1.24mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR3.63mn changed hands across 72 deals.
Trade turnover fell amidst higher volumes in the main market, while the venture market saw increased trade turnover amidst flat volumes.
The Gulf institutions were seen net buyers, albeit at lower levels, in the bourse, which saw no trading of sovereign bonds.
However, the domestic funds were seen bearish in the main market, which saw no trading of treasury bills.
The Total Return Index gained 0.75% to 26,321.98 points, All Share Index by 0.83% to 4,081.54 points and Al Rayan Islamic Index (Price) by 0.46% to 2,794.61 points.
The industrials sector index shot up 1.46%, telecom (1.2%), banks and financial services (0.86%), real estate (0.35%), insurance (0.16%) and consumer goods and services (0.13%); while transport shrank 0.37%.
Major gainers in the main market included Alijarah Holding, Mazaya Qatar, Aamal Company, Ezdan, Al Khaleej Takaful, QNB, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding and Ooredoo. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Doha Insurance, Qatari German Medical Devices, Milaha, Qatar Islamic Bank and United Development Company were among the losers in the main market.
The foreign institutions’ net buying increased significantly to QR28.41mn compared to QR6.16mn on October 11.
Qatari individuals turned net buyers to the tune of QR3.66mn against net sellers of QR1.87mn the previous day.
The Gulf institutions were net buyers to the extent of QR0.74mn compared with net sellers of QR9.43mn on Tuesday.
However, the domestic institutions turned net sellers to the tune of QR23.8mn against net buyers of QR3.8mn on October 11.
The foreign individuals’ net selling expanded markedly to QR7.44mn compared to QR7.03mn the previous day.
The Arab retail investors were net profit takers to the extent of QR1.09mn against net buyers of QR8.67mn on Tuesday.
The Gulf individuals’ net selling strengthened marginally to QR0.47mn compared to QR0.19mn on October 11.
The Arab institutions had no major net exposure against net profit takers to the tune of QR0.11mn the previous day.
Total trade volume in the main market rose 23% to 183.45mn shares, while value declined 2% to QR385.88mn and deals by 9% to 13,424.
The venture market saw flat trade volumes at 0.06mn equities but on 6% jump in value to QR0.46mn and 7% in transactions to 47.