The foreign institutions' net buying interests Monday lifted the Qatar Stock Exchange as much as 163 points and capitalisation added in excess of QR8bn.
Reflecting Qatar’s sovereign credit upgrade by Moody’s and Standard and Poor’s, the 20-stock Qatar Index soared 1.31% to 12,569.8 points, recovering from an intraday low of 12,346 points.
The telecom and banking counters witnessed higher than average demand in the market, whose year-to-date gains improved to 8.12%.
More than 61% of the traded constituents extended gains in the main bourse, whose capitalisation saw QR8.16bn or 1.18% increase to QR701.53bn, mainly on the back of large and midcap segments.
The Islamic index was seen gaining slower than the other indices in the market, which saw a total of 0.11mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.66mn changed hands across 29 deals.
Trade turnover volumes were seen expanding in the main market as well as the junior bourse.
However, the domestic funds were increasingly net sellers in the bourse, which saw no trading of sovereign bonds.
The local retail investors were also increasingly net profit takers in the main market, which saw no trading of treasury bills.
The Total Return Index grew 1.31% to 25,746.59 points, All Share Index by 1.21% to 4,009.28 points and Al Rayan Islamic Index (Price) by 1.27% to 2,758.36 points.
The telecom sector index shot up 1.7%, banks and financial services (1.48%), industrials (1.3%), consumer goods and services (0.7%), real estate (0.55%) and transport (0.2%); while insurance declined 0.75%.
Major gainers in the main market included Baladna, Qatar Islamic Bank, Lesha Bank, QIIB, Qatar Electricity and Water, QNB, Commercial Bank, Alijarah Holding, Industries Qatar, Ooredoo and Mesaieed Petrochemical Holding.
Nevertheless, Doha Insurance, Dlala, Estithmar Holding, Qatar Industrial Manufacturing, Qatari German Medical Devices and Gulf Warehousing were among the losers in the main market, In the venture market, Mekdam Holding saw its shares depreciate in value.
The foreign institutions’ net buying increased substantially to QR103.63mn compared to QR43.05mn on November 6.
The foreign individuals’ net selling declined noticeably to QR10.49mn against QR20.65mn the previous day.
However, the domestic institutions’ net profit booking strengthened significantly to QR56.45mn compared to QR24.26mn on Sunday.
The local retail investors’ net selling expanded markedly to QR26.85mn against QR4.08mn on November 6.
The Arab retail investors were net sellers to the tune of QR4mn compared with net buyers of QR8.69mn the previous day.
The Gulf individuals’ net profit booking strengthened marginally to QR3.64mn against QR3.08mn on Sunday.
The Gulf institutions turned net sellers to the extent of QR1.8mn compared with net buyers of QR0.07mn on November 6.
The Arab institutions were also net sellers to the tune of QR0.42mn against buyers of QR0.15mn the previous day.
Total trade volume in the main market zoomed 11% to 115.65mn shares, value by 33% to QR480.28mn and deals by 65% to 20,267.
The venture market saw a 33% surge in trade volumes to 0.08mn equities, 28% in value to QR0.5mn and 15% in transactions to 46.