The Qatar Stock Exchange Monday gained 163 points mainly on the back of strong buying interests in the telecom and banking counters.
The Gulf funds were seen net buyers as the 20-stock Qatar Index rose 1.33% to 12,414.41 points, recovering from an intraday low of 12,166 points.
The foreign institutions continued to be net buyers but with lesser intensity in the market, whose year-to-date gains were at 6.78%.
The local retail investors’ weakened net selling had its influence in the main bourse, whose capitalisation saw QR9.64bn or 1.41% jump to QR694.7bn, mainly on the back of large cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.35mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.39mn changed hands across 51 deals.
Trade turnover and volumes were on the decrease in the main market; while the venture market saw increased turnover and trade volumes.
The Arab individuals were seen bearish in the bourse, which saw no trading of sovereign bonds.
The Gulf retail investors were increasingly net profit takers in the main market, which saw no trading of treasury bills.
The Total Return Index shot up 1.33% to 25,428.73 points, Al Rayan Islamic Index (Price) by 0.64% to 2,730.77 points and All Share Index by 1.42% to 3,962.97 points.
The telecom sector index zoomed 3.87%, banks and financial services (2.03%), transport (0.96%), consumer goods and services (0.45%), industrials (0.45%) and insurance (0.09%); while real estate declined 0.59%.
Major gainers in the main market included Ooredoo, QNB, Al Meera, Commercial Bank, QIIB, Baladna, Qatar Electricity and Water and Nakilat. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Al Khaleej Takaful, Mannai Corporation, Ezdan, Gulf International Services, Qatari German Medical Devices, Lesha Bank, QLM and Mazaya Qatar were among the losers in the main market.
The Gulf institutions turned net buyers to the tune of QR2.36mn compared with net sellers of QR1.47mn on October 30.
Qatari individuals’ net profit booking weakened substantially to QR17.75mn against QR71.19mn the previous day.
However, the domestic institutions’ net selling expanded noticeably to QR34.33mn compared to QR25.53mn on Sunday.
The Gulf individuals’ net selling strengthened markedly to QR12.64mn against QR8.83mn on October 30.
The Arab retail investors were net sellers to the extent of QR10.07mn compared with net buyers of QR5.33mn the previous day.
The foreign individuals turned net sellers to the tune of QR1.3mn against net buyers of QR3.68mn on Sunday.
The foreign institutions’ net buying shrank considerably to QR73.72mn compared to QR98.01mn on October 30.
The Arab institutions had no major net exposure for the second straight session.
Total trade volume in the main market fell 77% to 123.99mn shares and value by 38% to QR563.73mn, while deals grew 64% to 20,993.
The venture market saw 33% expansion in trade volumes to 0.12mn equities and 35% in value to QR0.92mn but on 12% shrinkage in transactions to 53.
The Gulf funds were seen net buyers as the 20-stock Qatar Index rose 1.33% to 12,414.41 points, recovering from an intraday low of 12,166 points.
The foreign institutions continued to be net buyers but with lesser intensity in the market, whose year-to-date gains were at 6.78%.
The local retail investors’ weakened net selling had its influence in the main bourse, whose capitalisation saw QR9.64bn or 1.41% jump to QR694.7bn, mainly on the back of large cap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.35mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.39mn changed hands across 51 deals.
Trade turnover and volumes were on the decrease in the main market; while the venture market saw increased turnover and trade volumes.
The Arab individuals were seen bearish in the bourse, which saw no trading of sovereign bonds.
The Gulf retail investors were increasingly net profit takers in the main market, which saw no trading of treasury bills.
The Total Return Index shot up 1.33% to 25,428.73 points, Al Rayan Islamic Index (Price) by 0.64% to 2,730.77 points and All Share Index by 1.42% to 3,962.97 points.
The telecom sector index zoomed 3.87%, banks and financial services (2.03%), transport (0.96%), consumer goods and services (0.45%), industrials (0.45%) and insurance (0.09%); while real estate declined 0.59%.
Major gainers in the main market included Ooredoo, QNB, Al Meera, Commercial Bank, QIIB, Baladna, Qatar Electricity and Water and Nakilat. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Al Khaleej Takaful, Mannai Corporation, Ezdan, Gulf International Services, Qatari German Medical Devices, Lesha Bank, QLM and Mazaya Qatar were among the losers in the main market.
The Gulf institutions turned net buyers to the tune of QR2.36mn compared with net sellers of QR1.47mn on October 30.
Qatari individuals’ net profit booking weakened substantially to QR17.75mn against QR71.19mn the previous day.
However, the domestic institutions’ net selling expanded noticeably to QR34.33mn compared to QR25.53mn on Sunday.
The Gulf individuals’ net selling strengthened markedly to QR12.64mn against QR8.83mn on October 30.
The Arab retail investors were net sellers to the extent of QR10.07mn compared with net buyers of QR5.33mn the previous day.
The foreign individuals turned net sellers to the tune of QR1.3mn against net buyers of QR3.68mn on Sunday.
The foreign institutions’ net buying shrank considerably to QR73.72mn compared to QR98.01mn on October 30.
The Arab institutions had no major net exposure for the second straight session.
Total trade volume in the main market fell 77% to 123.99mn shares and value by 38% to QR563.73mn, while deals grew 64% to 20,993.
The venture market saw 33% expansion in trade volumes to 0.12mn equities and 35% in value to QR0.92mn but on 12% shrinkage in transactions to 53.