Buying in realty, banking and industrials lift QSE above 11,100 points

The Qatar Stock Exchange Tuesday gained more than 80 points and its key index surpassed 11,100 points, mainly lifted by real estate, banking and industrials sectors.The Arab individuals were seen net buyers as the 20-stock Qatar Index rose 0.73% to 11,105.55 points, recovering from an intraday low of 10,999 points.The foreign retail investors were also seen bullish in the main market, whose year-to-date gains improved further to 3.97%.About 63% of the traded constituents extended gains to investors in the main bourse, whose capitalisation saw QR4.63bn or 1.18% jump to QR632.73bn, mainly led by midcap segments.The domestic funds’ weakened net selling pressure had its influence in the main market, which saw a total of 0.15mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.39mn changed hands across 15 deals.The local individuals’ net profit booking was seen subsiding in the main bourse, which saw no trading of sovereign bonds.The Islamic index was seen outperforming the other indices in the main market, which saw no trading of treasury bills.The Total Return Index rose 0.73%, All Share Index by 0.62% and Al Rayan Islamic Index (Price) by 0.79% in the main bourse, whose trade turnover shrank amidst higher volumes.The realty sector index shot up 1.41%, banks and financial services (0.85%) and industrials (0.76%); while insurance declined 0.94%, consumer goods and services (0.15%), transport (0.1%) and telecom (0.09%).Major gainers in the main market included Ezdan, Qatar Oman Investment, Aamal Company, Qatar General Insurance and Reinsurance, Al Khaleej Takaful, Qatar Islamic Bank, Qatar Industrial Manufacturing, Industries Qatar and Mazaya Qatar.Nevertheless, Gulf Warehousing, Qatar Insurance, Qatar National Cement, Zad Holding, Nakilat, Milaha and Qamco were among the losers in the main market.The Arab individuals turned net buyers to the tune of QR6.21mn compared with net sellers of QR2.71mn on January 21.The foreign retail investors were net buyers to the extent of QR2.73mn against net sellers of QR1.14mn the previous day.The domestic institutions’ net profit booking declined markedly to QR11.86mn compared to QR27.36mn on Monday.The local retail investors’ net selling weakened noticeably to QR14.54mn against QR28.92mn on January 21.However, the Gulf funds turned net sellers to the tune of QR6.47mn compared with net buyers of QR9.07mn the previous day.The Gulf individuals’ net profit booking expanded perceptibly to QR1.58mn against QR0.44mn on Monday.The foreign institutions’ net buying decreased significantly to QR25.51mn compared to QR51.48mn on January 21.The Arab funds had no major net exposure for the fifth consecutive day.The main market saw a 15% surge in trade volumes to 150.71mn shares but on 3% decline in value to QR458mn and 2% in deals to 15,073.