The increased net buying interests of foreign and domestic funds on Thursday steered the Qatar Stock Exchange above 10,000 levels.
An across-the-board buying, particularly in the industrials, led the 20-stock Qatar Index to gain 100 points, or 1%, to 10,032.13 points, although it touched an intraday low of 9,923 points.
Arab individuals’ net selling pressure weakened in the market, whose year-to-date losses were at 3.77%.
Market capitalisation saw more than QR7bn, or 1.24%, growth to QR595.66bn, mainly owing to midcap segments.
A total of 39,000 exchange traded funds (both Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR277,261 changed hands across six transactions; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the decrease in the bourse, where the industrials, consumer goods and banking sectors together accounted for more than 83% of the total trading volume.
The Total Return Index gained 1% to 19,286.45 points, the Al Rayan Islamic Index (Price) by 0.62% to 2,356.66 points and the All Share Index by 0.97% to 3,106.82 points.
The industrial index soared 1.82%, real estate (0.98%), banks and financial services (0.93%), insurance (0.92%), telecom (0.6%), consumer goods and services (0.11%) and transport (0.08%).
A three-fourth of the traded constituents extended gains to investors with major movers being Industries Qatar, Ezdan, Qatar Insurance, Ooredoo, Commercial Bank, QNB, Qatar Oman Investment, Medicare Group, Salam International Investment, Aamal Company and Al Khaleej Takaful; even as Qatar Islamic Insurance, Doha Insurance, Qatar First Bank, Widam Food and Qatari Investors Group were among the losers.
Foreign institutions’ net buying increased substantially to QR33.82mn compared to QR16.19mn on October 7.
Domestic funds’ net buying also gained considerably to QR14.49mn against QR6.12mn the previous day.
Gulf institutions’ net buying grew marginally to QR2.95mn compared to QR2.54mn on Wednesday.
Arab individuals’ net selling declined strikingly to QR4.62mn against QR6.56mn on October 7.
However, local individuals’ net selling increased significantly to QR44.63mn compared to QR17.45mn the previous day.
Gulf individuals’ net profit booking rose perceptibly to QR1.89mn against QR1.12mn on Wednesday.
Foreign individuals’ net buying weakened markedly to QR0.11mn compared to QR0.3mn on October 7.
Arab funds continued to have no major exposure.
Total trade volumes fell 20% to 351.56mn shares, value by 25% to QR557.19mn and transactions by 1% to 11,734.
The transport sector’s trade volume plummeted 60% to 5.89mn equities, value by 64% to QR23.08mn and deals by 33% to 724.
The banks and financial services sector saw a 51% plunge in trade volume to 77.28mn stocks and 33% in value to QR228.78mn but on a 1% rise in transactions to 3,901.
The real estate sector’s trade volume tanked 48% to 42.47mn shares, value by 41% to QR83.69mn and deals by 39% to 1,478.
The telecom sector reported a 46% shrinkage in trade volume to 4.28mn equities, 49% in value to QR12.19mn and 8% in transactions to 760.
The insurance sector’s trade volume shrank 33% to 6.93mn stocks, value by 34% to QR14.03mn and deals by 19% to 398.
However, there was a 82% surge in the consumer goods and services sector’s trade volume to 82.84mn shares, 65% in value to QR70.72mn and 49% in transactions to 1,575.
The industrials sector’s trade volume expanded 10% to 131.87mn equities, value by 14% to QR124.71mn and deals by 34% to 2,898.