Stronger buying support from foreign institutions on Monday gave a 119 points thrust to the Qatar Stock Exchange, whose key index neared 9,900 levels.
Insurance, Industrials and Banking counters witnessed higher-than-average demand, leading to a 1.22% jump in the 20-stock Qatar Index to 9,889.62 points.
Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF saw 0.86% and 0.15% gains respectively.
The Islamic equities were seen gaining slower than the other indices on the market, which reported 16.03% gains year-to-date.
Trade turnover and volumes were on the increase on the bourse, where industrials, real estate and banking sectors together accounted for more than 82% of the total volume.
The Total Return Index rose 1.22% to 17,424.41 points, All Share Index by 1.25% to 2,886.18 points and Al Rayan Islamic Index (Price) by 1.04% to 2,362.23 points.
The insurance index soared 1.63%, industrials (1.6%), banks and financial services (1.39%), realty (1.19%), consumer goods (0.8%), transport (0.21%) and telecom (0.07%).
About 76% of the traded stocks extended gains with major movers being Industries Qatar, Mesaieed Petrochemical Holding, Qatar Insurance, United Development Company, QNB, Qatar Islamic Bank, Commercial Bank, Dlala, Barwa and Mazaya Qatar; even as Ooredoo, Qatar National Cement and Qatar Oman Investment were among the losers.
Non-Qatari funds’ net buying strengthened influentially to QR69.79mn compared to QR12.24mn on Sunday.
However, domestic institutions’ net profit booking increased to QR34.85mn against QR27.88mn the previous day.
Local individual investors turned net sellers to the tune of QR29.01mn compared with net buyers of QR19mn on September 9.
The Gulf institutions’ net profit booking grew perceptibly to QR3.19mn against QR2.6mn on Sunday.
Non-Qatari individuals’ net buying rose influentially to QR2.15mn compared to QR0.81mn the previous day.
The Gulf individuals were net sellers to the extent of QR0.56mn against net buyers of QR0.06mn on September 9.
Total trade volume rose 73% to 5.9mn shares and value more than doubled to QR199.51mn on doubled transactions to 3,562.
The industrials sector’s trade volume grew more than five-fold to 1.88mn equities and value by more than six-fold to QR45.19mn on almost tripled deals to 890.
The real estate sector reported 69% surge in trade volume to 1.52mn stocks and 85% in value to QR28.08mn on more than doubled transactions to 661.
The banks and financial services sector’s trade volume soared 36% to 1.46mn shares and value more than doubled to QR88.66mn on 83% rise in deals to 1,215.
There was 25% surge in the consumer goods sector’s trade volume to 0.1mn equities, 61% in value to QR9.02mn and 13% in transactions to 135.
The telecom sector’s trade volume grew 4% to 0.56mn stocks, value by 34% to QR16.21mn and deals by 90% to 361.
However, the market witnessed 17% decline in the transport sector’s trade volume to 0.3mn shares and 46% in value to QR9.16mn but on 77% jump in transactions to 221.
Although the insurance sector’s trade volume was flat at 0.09mn equities, value shrank 12% to QR3.18mn despite 55% increase in deals to 79.
In the debt market, there was no trading of treasury bills and sovereign bonds.
