The foreign institutions’ increased net buying interests Monday led the Qatar Stock Exchange’s key barometer gain 37 points to cross the 10,900 levels.
The real estate, industrials, telecom and insurance counters witnessed higher than average demand as the 20-stock Qatar Index settled 0.34% higher at 10,942.94 points, recovering from an intraday low of 10,889 points.
The foreign individuals turned net buyers in the bourse, whose year-to-date gains were at 4.86%.
More than 57% of the traded constituents extended gains in the market, whose capitalisation saw more than QR2bn or 0.33% increase to QR631.85bn, mainly owing to mid and small cap segments.
The Islamic index was seen gaining faster than the other indices in the market, which saw industrials, banking and consumer goods sectors together constitute more than 80% of the total trading volume.
However, domestic funds and local retail investors were increasingly net profit takers in the bourse, which saw a total of 118,210 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR426,588 changed hands across 19 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index rose 0.34% to 21,662.2 points, All Share Index by 0.28% to 3,454.79 points and Al Rayan Islamic Index (Price) by 0.41% to 2,533.5 points.
The realty index expanded 1.05%, industrials (0.84%), telecom (0.74%), insurance (0.5%), consumer goods and services (0.37%) and transport (0.09%); while banks and financial services was down 0.04%.
Major gainers included Widam Food, Doha Insurance, QLM, Qatar Oman Investment, United Development Company, Zad Holding, Qatar Islamic Insurance, Industries Qatar and Vodafone Qatar.
Nevertheless, Doha Bank, Qatar Industrial Manufacturing, Mannai Corporation, Qatar Electricity and Water, Al Meera and Milaha were among the losers.
The foreign funds’ net buying increased substantially to QR62.49mn compared to QR10.72mn on May 2.
Foreign individuals turned net buyers to the tune of QR4.15mn against net sellers of QR4.55mn on Sunday.
However, the domestic funds’ net selling grew significantly to QR31.55mn compared to QR0.17mn the previous day.
Local retail investors’ net selling also strengthened markedly to QR27.55mn against QR12.32mn on May 2.
The Gulf institutions’ net profit booking rose markedly to QR9.02mn compared to QR0.89mn on Sunday.
The Gulf individuals were net sellers to the extent of QR0.03mn against net buyers of QR3.09mn the previous day.
The Arab individuals’ net buying weakened notably to QR1.47mn compared to QR3.89mn on May 2.
The Arab institutions had no major net exposure against net buyers to the tune of QR0.23mn on Sunday.
Total trade volume fell 17% to 141.54mn shares, while value grew 32% to QR377.35mn and transactions by 22% to 7,532.
The industrials sector’s trade volume plummeted 30% to 41.88mn equities, whereas value grew 8% to QR102.26mn and deals by 4% to 1,804.
The banks and financial services sector saw 25% plunge in trade volume to 33.54mn stocks but on 71% growth in value to QR141.7mn and 43% in transactions to 2,616.
The consumer goods and services sector tanked 11% surge in trade volume to 37.87mn shares, value by 10% to QR58.35mn and deals by less than 1% to 1,390.
There was 4% dip in the real estate sector’s trade volume to 16.49mn equities but on 4% jump in value to QR23.33mn despite flat transactions at 585.
However, the insurance sector’s trade volume more than doubled to 6.02mn stocks and value almost tripled to QR22.45mn on 3% rise in deals to 265.
The market witnessed 79% surge in the transport sector’s trade volume to 2.96mn shares and value more than doubled to QR14.65mn on 29% jump in transactions to 287.
The telecom sector’s trade volume was up 10% to 2.79mn equities and value more than doubled to QR14.62mn on more than tripled deals to 585.