Ezdan, which is looking to nullify its earlier proposal to delist, saw its stocks make huge gains on Monday, thus helping the Qatar Stock Exchange surpass the 10,200 level with ease.
Foreign institutions’ increased buying support led the 20-stock Qatar Index to settle 0.34% higher at 10,226.68 points.
The increased buying support from non-Qatari and Gulf individuals also helped the market, whose sensitive index is down 0.7% year-to-date.
Market capitalisation gained QR5bn, or 0.88%, to QR576.06bn mainly owing to mid and small cap segments.
Islamic equities were seen gaining slower than the main index in the market, where domestic institutions and local retail investors were increasingly net profit takers.
Trade turnover and volumes were on the rise in the bourse, where the real estate, industrials and banking sectors together accounted for about 86% of the total volume.
The Total Return Index gained 0.34% to 18,817.96 points, the All Share Index by 0.98% to 3,133.14 points and the Al Rayan Islamic Index (Price) by 0.24% to 2,393.59 points.
The realty index soared 4.81%, banks and financial services (0.73%), telecom (0.63%), transport (0.26%) and industrials (0.21%); whereas insurance and consumer goods declined 1.26% and 0.24% respectively.
Apart from Ezdan, the other movers included Ooredoo, Milaha, QNB, Islamic Holding Group, Commercial Bank, Salam International Investment and Qatari Investors Group; even as Alijarah Holding, Mannai Corporation, Gulf International Services, Qatar Islamic Insurance, Qatar Insurance, Al Khaleej Takaful and Nakilat were among the losers.
Non-Qatari institutions’ net buying increased considerably to QR46.5mn against QR6.61mn the previous day.
Non-Qatari individuals’ net buying strengthened perceptibly to QR2.66mn compared to QR0.99mn on Sunday.
Gulf individual investors’ net buying grew marginally to QR1.04mn against QR0.9mn on April 7.
However, local retail investors’ net selling enhanced influentially to QR28.21mn compared to QR11.53mn the previous day.
Domestic institutions’ net profit booking expanded significantly to QR15.49mn against QR3.84mn on Sunday.
Gulf institutions turned net sellers to the tune of QR6.5mn compared with net buyers of QR6.87mn on April 7.
Total trade volume rose 2% to 15.43mn shares, value by 22% to QR288.99mn and transactions by 22% to 6,526.
The consumer goods sector’s trade volume soared 59% to 0.54mn equities, while value declined 34% to QR16.01mn despite 16% higher deals at 296.
The realty sector reported an 18% surge in trade volume to 7.21mn stocks, 32% in value to QR82.2mn and 39% in transactions to 2,157.
The industrials sector’s trade volume shot up 18% to 3.35mn shares, value by 40% to QR68.56mn and deals by 18% to 2,022.
However, there was a 63% plunge in the transport sector’s trade volume to 0.12mn equities, 51% in value to QR3.63mn and 11% in transactions to 118.
The insurance sector’s trade volume plummeted 25% to 0.18mn stocks and value by 23% to QR5.54mn; whereas deals gained 12% to 190.
The banks and financial services sector saw a 25% shrinkage in trade volume to 2.7mn shares but on an 18% jump in value to QR80.55mn and 18% transactions at 1,305.
The telecom sector’s trade volume tanked 22% to 1.33mn equities, while value grew 76% to QR32.49mn and deals by 3% to 438.
In the debt market, there was no trading of treasury bills and sovereign bonds.
