The Qatar Stock Exchange on Tuesday gained more than 61 points to surpass the 9,700 levels, mainly lifted by domestic institutions and foreign individuals.
The industrials, real estate and insurance counters witnessed higher than average demand as the 20-stock Qatar Index gained 0.64% to 9,701 points, although it touched an intraday high of 9,752 points.
The Arab individuals and the Gulf funds were also bullish, albeit at lower levels, in the bourse, whose year-to-date losses stood at 6.95%.
There was heavy demand for the Shariah-principled equities in the market, which saw about 78% of the traded constituents made gains to investors.
Market capitalisation saw more than QR4bn or 0.8% jump to QR564.18bn, mainly owing to large and midcap segments.
A total of 119,122 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR451,637 changed hands across 13 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the increase in the bourse, where the industrials and realty sectors together accounted for more than 65% of the total trading volume.
The Total Return Index rose 0.64% to 18,649.86 points, All Share Index by 0.65% to 3,003.03 points and Al Rayan Islamic Index (Price) by 1.24% to 2,232.43 points.
The industrials index shot up 2.13%, real estate (1.91%), insurance (1.38%), consumer goods and services (0.83%), banks and financial services (0.09%) and transport (0.08%); while telecom declined 0.19%.
Major movers included Aamal Company, Alijarah Holding, Qamco, Mazaya Qatar, Doha Bank, Qatar First Bank, Inma Holding, Qatari German Medical Devices, Salam International Investment, Baladna, Ezdan, Industries Qatar, Vodafone Qatar, Mesaieed Petrochemical Holding, Qatar Insurance and Al Khaleej Takaful; even as Ooredoo, Qatar Electricity and Water, Qatar Islamic Bank, Woqod and Milaha were among the losers.
Domestic funds turned net buyers to the tune of QR10.21mn compared with net sellers of QR4.66mn on November 2.
Foreign individuals were also net buyers to the extent of QR6.45mn against net sellers of QR1.49mn the previous day.
The Arab individuals turned net buyers to the tune of QR2.53mn compared with net sellers of QR0.58mn on Monday.
The Gulf institutions were net buyers to the extent of QR1mn against net profit takers of QR1.39mn on November 2.
Local individuals’ net selling declined perceptibly to QR4.61mn compared to QR7.6mn the previous day.
The Gulf individuals’ net selling shrank marginally to QR0.31mn against QR0.58mn on Monday.
However, foreign funds were net sellers to the tune of QR15.2mn compared with net buyers of QR16.25mn on November 2.
The Arab funds continued to have no major exposure.
Total trade volumes rose 17% to 245.81mn shares, value by 19% to QR383.84mn and transactions by 13% to 9,893.
The telecom sector’s trade volume almost tripled to 9.04mn equities, value soared 37% to QR16.04mn and deals by 13% to 535.
The transport sector reported 43% surge in trade volume to 7.07mn stocks, 42% in value to QR23.76mn and 41% in transactions to 812.
The industrials sector’s trade volume shot up 42% to 102.67mn shares, value by 34% to QR88.91mn and deals by 41% to 2,631.
There was 34% expansion in the real estate sector’s trade volume to 57.66mn equities, 39 in value to QR74.6mn and 28% in transactions to 1,796.
The banks and financial services sector’s trade volume grew 13% to 39.21mn stocks and value by 16% to Q141.98mn; whereas deals were down 4% to 2,844.
However, the consumer goods and services sector saw 43% plunge in trade volume to 27.05mn shares, 27% in value to QR32.34mn and 11% in transactions to 1,101.
The insurance sector’s trade volume plummeted 36% to 3.11mn equities, value by 29% to QR6.21mn and deals by 15% to 174.