Foreign institutions’ strengthened buying interests lifted the Qatar Stock Exchange as its key index on Monday surpassed the 10,350 levels.
An across the board buying – particularly in telecom, real estate and banking – helped the 20-stock Qatar Index to gain more than 1% to 10,356.62 points.
However, there was increased net selling pressure from domestic institutions and local retail investors in the market, which is up 21.51% year-to-date.
Market capitalisation shot up about QR7bn, or 1.18%, to QR584.77bn, mainly on account of large cap equities.
Islamic equities were seen gaining slower than the other indices in the market, where non-Qatari and Gulf individuals as well as Gulf funds turn bearish.
Trade turnover and volumes were on the increase in the bourse, where the banking and realty sectors together accounted for about 73% of the total volume.
The Total Return Index gained 1.02% to 18,247.21 points, the All Share Index by 1.14% to 3,078.32 points and the Al Rayan Islamic Index (Price) by 0.57% to 2,403.61 points.
The telecom index soared 3.17%, real estate (1.48%), banks and financial services (1.4%), consumer goods (0.76%), insurance (0.63%), industrials (0.29%) and transport (0.2%).
More than 69% of the traded stocks extended gains with major movers being Ooredoo, Vodafone Qatar, Mazaya Qatar, QNB, Qatar Oman Investment, Commercial Bank, Doha Bank, Al Khaliji and Alijarah Holding; even as Widam Food, Al Meera, Qatar Electricity and Water, Gulf International Services and Mesaieed Petrochemical Holding were among the losers.
Non-Qatari institutions’ net buying increased significantly to QR79.96mn compared to QR20.92mn on November 25.
However, domestic funds’ net profit booking grew significantly to QR42.94mn against QR12.23mn the previous day.
Local individuals’ net selling also increased influentially to QR29.01mn compared to QR11.62mn on Sunday.
Non-Qatari individuals turned net sellers to the tune of QR4.94mn against net buyers of QR2.12mn on November 25.
The Gulf funds were also net sellers to the extent of QR2.34mn compared with net buyers of QR0.2mn the previous day.
The Gulf individuals turned net profit takers to tune of QR0.72mn against net buyers of QR0.61mn on Sunday.
Total trade volume more than tripled to 9.13mn shares and value also more than tripled to QR288.99mn on more than tripled transactions to 6,676.
The telecom sector’s trade volume more than quadrupled to 1.01mn equities and value more than tripled to QR23.16mn on more than doubled deals to 542.
The banks and financial services sector’s trade volume more than quadrupled to 3.58mn stocks and value also more than quadrupled to QR131.53mn on more than quadrupled transactions to 3,229.
The real estate sector’s trade volume almost quadrupled to 3.07mn shares and value also almost quadrupled to QR67.9mn on more than quadrupled deals to 1,590.
The consumer goods sector’s trade volume more than doubled to 0.2mn equities, value soared 53% to QR11.28mn and transactions by 30% to 227.
The transport sector’s trade volume doubled to 0.36mn stocks, value expanded 89% to QR7.9mn and deals more than doubled to 207.
The insurance sector’s trade volume doubled to 0.14mn shares and value grew 57% to QR4.06mn on doubled transactions to 96.
The market witnessed 31% surge in the industrials sector’s trade volume to 0.77mn equities to more than triple value to QR43.16mn on 65% jump in deals to 785.
In the debt market, there was no trading of treasury bills and sovereign bonds.
However, there was increased net selling pressure from domestic institutions and local retail investors in the market, which is up 21.51% year-to-date.
Market capitalisation shot up about QR7bn, or 1.18%, to QR584.77bn, mainly on account of large cap equities.
Islamic equities were seen gaining slower than the other indices in the market, where non-Qatari and Gulf individuals as well as Gulf funds turn bearish.
Trade turnover and volumes were on the increase in the bourse, where the banking and realty sectors together accounted for about 73% of the total volume.
The Total Return Index gained 1.02% to 18,247.21 points, the All Share Index by 1.14% to 3,078.32 points and the Al Rayan Islamic Index (Price) by 0.57% to 2,403.61 points.
The telecom index soared 3.17%, real estate (1.48%), banks and financial services (1.4%), consumer goods (0.76%), insurance (0.63%), industrials (0.29%) and transport (0.2%).
More than 69% of the traded stocks extended gains with major movers being Ooredoo, Vodafone Qatar, Mazaya Qatar, QNB, Qatar Oman Investment, Commercial Bank, Doha Bank, Al Khaliji and Alijarah Holding; even as Widam Food, Al Meera, Qatar Electricity and Water, Gulf International Services and Mesaieed Petrochemical Holding were among the losers.
Non-Qatari institutions’ net buying increased significantly to QR79.96mn compared to QR20.92mn on November 25.
However, domestic funds’ net profit booking grew significantly to QR42.94mn against QR12.23mn the previous day.
Local individuals’ net selling also increased influentially to QR29.01mn compared to QR11.62mn on Sunday.
Non-Qatari individuals turned net sellers to the tune of QR4.94mn against net buyers of QR2.12mn on November 25.
The Gulf funds were also net sellers to the extent of QR2.34mn compared with net buyers of QR0.2mn the previous day.
The Gulf individuals turned net profit takers to tune of QR0.72mn against net buyers of QR0.61mn on Sunday.
Total trade volume more than tripled to 9.13mn shares and value also more than tripled to QR288.99mn on more than tripled transactions to 6,676.
The telecom sector’s trade volume more than quadrupled to 1.01mn equities and value more than tripled to QR23.16mn on more than doubled deals to 542.
The banks and financial services sector’s trade volume more than quadrupled to 3.58mn stocks and value also more than quadrupled to QR131.53mn on more than quadrupled transactions to 3,229.
The real estate sector’s trade volume almost quadrupled to 3.07mn shares and value also almost quadrupled to QR67.9mn on more than quadrupled deals to 1,590.
The consumer goods sector’s trade volume more than doubled to 0.2mn equities, value soared 53% to QR11.28mn and transactions by 30% to 227.
The transport sector’s trade volume doubled to 0.36mn stocks, value expanded 89% to QR7.9mn and deals more than doubled to 207.
The insurance sector’s trade volume doubled to 0.14mn shares and value grew 57% to QR4.06mn on doubled transactions to 96.
The market witnessed 31% surge in the industrials sector’s trade volume to 0.77mn equities to more than triple value to QR43.16mn on 65% jump in deals to 785.
In the debt market, there was no trading of treasury bills and sovereign bonds.
