Strong buying interests, especially in the industrials and transport segments, on Tuesday led Qatar Stock Exchange surpassed 9,800 levels.
The bullish outlook of domestic funds and non-Qatari individuals as well as lower net selling by local retail investors were instrumental in lifting the 20-stock Qatar Index 0.27% to 9,817.07 points.
The Islamic equities were seen gaining marginally faster than the other indices in the market which is up 15.18% year-to-date.
Trade turnover and volumes were on the increase in the bourse, where industrials and banking sectors together accounted for about three-fourth of the total volume.
The Total Return Index rose 0.27% to 17,296.59 points, Al Rayan Islamic Index (Price) by 0.28% to 2,335.7 points and All Share Index by 0.23% to 2,895.23 points.
The industrials index gained 1.03%, transport (0.95%), insurance (0.39%) and banks and financial services (0.04%); while consumer goods declined 0.51%, telecom (0.21%) and realty (0.19%).
About 60% of the traded stocks extended gains with major movers being Gulf International Services, Qatari Investors Group, Qatar National Cement, Industries Qatar, Medicare Group, Commercial Bank, Doha Bank and QIIB; even as Qatar Islamic Bank, Dlala, Qatar Oman Investment, Woqod, Qatari German Company for Medical Devices, Barwa and United Development Company were among the losers.
Domestic institutions turned net buyers to the tune of QR8.93mn compared with net sellers of QR0.07mn on Monday.
Non-Qatari individuals were also net buyers to the extent of QR0.74mn against net sellers of QR1.08mn on October 1.
Local individual investors’ net profit booking declined significantly to QR7.26mn compared to QR14.04mn the previous day.
However, the Gulf institutions’ net selling strengthened influentially to QR12.65mn against QR4.77mn on Monday.
The Gulf individual investors turned net sellers to the tune of QR0.96mn compared with net buyers of QR0.66mn on October 1.
Non-Qatari institutions’ net buying weakened significantly to QR11.22mn against QR19.29mn the previous day.
Total trade volume rose 12% to 4.87mn shares and value by 3% to QR184.18mn, while transactions fell 12% to 2,609.
The industrials sector’s trade volume more than doubled to 2.43mn equities and value also more than doubled to QR92.71mn on 59% increase in deals to 1,037.
The telecom sector reported 56% surge in trade volume to 0.25mn stocks, 95% in value to QR4.61mn and 61% in transactions to 200.
However, the insurance sector’s trade volume plummeted 58% to 0.08mn shares, value by 59% to QR3.02mn and deals by 37% to 62.
There was 43% plunge in the consumer goods sector’s trade volume to 0.27mn equities, 45% in value to QR25.01mn and 37% in transactions to 243.
The real estate sector’s trade volume tanked 40% to 0.46mn stocks, value by 42% to QR9.85mn and deals by 41% to 314.
The transport sector saw 40% shrinkage in trade volume to 0.18mn shares, 51% in value to QR3.3mn and 51% in transactions to 80.
The banks and financial services sector’s trade volume was down 7% to 1.2mn equities, value by 20% to QR45.68mn and deals by 33% to 673.
In the debt market, there was no trading of treasury bills and sovereign bonds.
