The Qatar Stock Exchange on Thursday gained 74 points to inch near the 10,500 levels, mainly lifted by the real estate and banking sectors.
Islamic equities were seen higher in demand as the 20-stock Qatar Index settled 0.71% higher at 10,465.64 points, although it touched an intraday high of 10,484 points.
Domestic funds’ substantially weakened net selling had its impact in the market, which reported year-to-date gains of 0.38% after being in the red for several weeks.
More than 71% of the traded constituents extended gains to investors in the bourse, where foreign funds continued to be net buyers but with lesser intensity.
Market capitalisation saw more than QR6bn, or 1.05%, increase to QR603.93bn, mainly owing to small and midcap segments.
A total of 161,919 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued together at QR387,709 changed hands across 15 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the decline in the bourse, where the real estate, industrials and banking sectors together accounted for more than 73% of the total trading volume.
The Total Return Index gained 0.71% to 20,119.85 points, the All Share Index by 0.84% to 3,215.16 points and the Al Rayan Islamic Index (Price) by 0.87% to 2,404.19 points.
The realty index soared 2.79%, banks and financial services (0.91%), industrials (0.85%), transport (0.58%), telecom (0.5%) and consumer goods and services (0.21%); while insurance declined 0.68%.
Major gainers included Inma Holding, Qatari Investors Group, United Development Company, Qatar Industrial Manufacturing, Ezdan, QNB, Qatari German Medical Devices, Widam Food, Qatar National Cement and Barwa; even as Commercial Bank, Qatar Insurance, Doha Bank, Doha Insurance, Al Meera and Vodafone Qatar were among the losers.
Domestic institutions’ net selling declined significantly to QR5.95mn compared to QR72.51mn on December 2.
Arab institutions’ net profit booking eased markedly to QR0.09mn against QR3.17mn the previous day.
However, Qatari individuals’ net selling rose considerably to QR33.71mn compared to QR1.54mn on Wednesday.
Arab individuals’ net profit booking shot up notably to QR8.26mn against QR3.69mn on December 2.
Gulf funds’ net selling strengthened noticeably to QR7.4mn compared to QR3.35mn the previous day.
Foreign individuals’ net profit booking increased marginally to QR3.24mn against QR2.57mn on Wednesday.
Foreign funds’ net buying declined substantially to QR58.29mn compared to QR80.58mn on December 2.
Gulf individuals’ net buying also shrank perceptibly to QR0.4mn against QR6.26mn the previous day.
Total trade volumes fell 34% to 259.79mn shares and value by 23% to QR660.94mn, while transactions were up 6% to 15,518.
The consumer goods and services sector’s trade volume plummeted 69% to 35.06mn equities, value by 67% to QR66.14mn and deals by 45% to 1,575.
There was a 54% plunge in the transport sector’s trade volume to 13.02mn stocks, 48% in value to QR53.82mn and 22% in transactions to 1,376.
The industrials sector’s trade volume tanked 31% to 63.11mn shares and value by 24% to QR84.49mn; whereas deals grew 9% to 2,791.
The banks and financial services sector saw a 27% shrinkage in trade volume to 51.95n equities and 6% in value to QR266.66mn but on a 33% jump in transactions to 5,265.
The real estate sector’s trade volume was down 6% to 75.58mn stocks and value by 5% to QR125.15mn; while deals rose 3% to 2,699.
However, the insurance sector’s trade volume almost quadrupled to 9.72mn shares and value more than tripled to QR21.89mn on more than doubled transactions to 708.
The telecom sector’s trade volume almost tripled to 11.36mn equities and value more than doubled to QR42.79mn on 75% surge in deals to 1,104.