Domestic funds’ increased net buying Monday lifted the Qatar Stock Exchange more than 30 points to place the benchmark above 10,300 levels.
Telecom, real estate, industrials, insurance and consumer goods sectors witnessed higher than average demand as the 20-stock Qatar Index settled 0.33% higher at 10,309.03 points.
Local and non-Qatari retail investors turned net buyers in the market, whose key benchmark was up 0.1% year-to-date.
Market capitalisation saw more than QR2bn, or 0.38%, gains to QR569.49bn mainly owing to mid and small cap segments.
Islamic equities were seen gaining faster than the other indices in the market, where foreign institutions turned net sellers.
Trade turnover and volumes were on the increase in the bourse, where the realty, banking and industrials sectors together accounted for more than 83% of the total volume.
The Total Return Index gained 0.33% to 18,969.49 points, the All Share Index by 0.33% to 3,029.31 points and the Al Rayan Islamic Index (Price) by 0.35% to 2,332.91 points.
The telecom index shot up 2.74%, real estate (1.91%), industrials (1.03%), insurance (1%) and consumer goods (0.75%); while transport declined 0.95% and banks and financial services (0.41%).
About 55% of the traded constituents extended gains with major movers being Ooredoo, Qatari Investors Group, Mesaieed Petrochemical Holding, Qatar Insurance, Qatar First Bank, Commercial Bank, Qatar Electricity and Water, Ezdan and Mazaya Qatar; even as Qatar Islamic Bank, Doha Bank, Qatari German Company for Medical Devices, Salam International Investment, Al Khaleej Takaful and Milaha were among the losers.
Domestic institutions’ net buying increased significantly to QR39.87mn compared to QR16.51mn the previous day.
Local retail investors turned net buyers to the tune of QR4.19mn against net sellers of QR8.25mn on September 8.
Non-Qatari individuals were net also net buyers to the extent of QR2.41mn compared with net sellers of QR0.65mn on Sunday.
However, Gulf institutions’ net selling increased substantially to QR22.76mn against QR9.89mn the previous day.
Non-Qatari funds turned net sellers to the tune of QR21.79mn compared with net buyers of QR2.47mn on September 8.
Gulf individuals’ net profit booking strengthened noticeably to QR3.06mn against QR0.18mn on Sunday.
Total trade volume rose 28% to 133.48mn shares, value by 91% to QR305.55mn and transactions by 65% to 7,865.
The telecom sector’s trade volume almost quadrupled to 9.41mn equities and value grew more than five-fold to QR30.85mn on more than tripled deals to 749.
The banks and financial services sector’s trade volume more than doubled to 36.65mn stocks and value almost tripled to QR128.78mn on more than doubled transactions to 2,561.
The insurance sector’s trade volume soared 58% to 3.04mn shares, value by 74% to QR7.73mn and deals by 14% to 246.
The transport sector reported a 35% surge in trade volume to 7.75mn equities, 76% in value to QR25.76mn and 93% in transactions to 476.
The consumer goods sector’s trade volume shot up 23% to 2.31mn stocks, while value declined 6% to QR20.71mn despite 11% higher deals at 397.
There was a 4% jump in the real estate sector’s trade volume to 49.52mn shares, 14% in value to QR37.45mn and 57% in transactions to 1,498.
However, the industrials sector’s trade volume fell 9% to 24.81mn equities, whereas value increased 56% to QR54.26mn and deals by 16% to 1,938.
In the debt market, there was no trading of treasury bills and sovereign bonds.