The Islamic equities were seen outperforming the conventional ones in the Qatar Stock Exchange, which on Sunday opened the week on a stronger note and its key barometer surpassed 9,900 levels.
The Arab individuals turned bullish and there was increased net buying from foreign individuals and the Gulf funds as the 20-stock Qatar Index settled 0.19% higher at 9,908.34 points, although it touched an intraday low of 9,845 points.
The realty and transport counters witnessed higher than average demand in the market, whose year-to-date losses were at 4.96%.
More than 63% of the traded constituents extended gains to investors in the market, which saw local retail investors turn marginally bullish.
Market capitalisation saw more than QR3bn or 0.56% rise to QR577.25bn, mainly owing to midcap segments.
A total of 52,862 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR127,419 changed hands across seven 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 consumer goods sectors together accounted for more than 63% of the total trading volume.
The Total Return Index was up 0.19% to 19,048.45 points, All Share Index by 0.13% to 3,062.62 points and Al Rayan Islamic Index (Price) by 0.59% to 2,284.19 points.
The realty index shot up 2.94%, transport (0.81%), industrials (0.4%) and insurance (0.22%); while banks and financial services declined 0.25%, telecom (0.22%) and consumer goods and services (0.04%).
Major movers included Salam International Investment, Qatari German Medical Devices, Dlala, Inma Holding, Ezdan, Al Khaliji, Qatar First Bank, Alijarah Holding, Aamal Company, Qamco, Doha Insurance, Mazaya Qatar and Nakilat; even as Qatar Industrial Manufacturing, Qatar National Cement, Ahlibank Qatar and Doha Bank were among the losers.
The Arab individuals turned net buyers to the tune of QR5.91mn compared with net sellers of QR1.01mn on November 5.
The Gulf institutions’ net buying increased considerably to QR2.95mn against QR0.45mn the previous trading day.
Foreign individuals’ net buying also grew perceptibly to QR2.17mn compared to QR1.65mn last Thursday.
The Gulf individuals were net buyers to the extent of QR0.79mn against net sellers of QR2.49mn on November 5.
Qataris turned net buyers to the tune of QR0.32mn compared with net sellers of QR27.13mn the previous trading day.
However, domestic funds’ net profit booking strengthened notably to QR8.43mn against QR3.44mn last Thursday.
Foreign funds were net sellers to the extent of QR3.74mn compared with net buyers of QR32.01mn on November 5.
The Arab institutions continued to have no major exposure.
Total trade volumes more than doubled to 335.98mn shares, value grew 41% to QR393.9mn and transactions by 31% to 8,991.
The industrials sector’s trade volume more than tripled to 144.49mn equities and value more than doubled to QR102.64mn on 79% increase in deals to 2,715.
The consumer goods and services sector’s trade volume more than tripled to 67.39mn stocks and value more than doubled to QR67.71mn on 64% jump in transactions to 1,520.
The banks and financial services sector’s trade volume more than doubled to 55.68mn shares but on 10% fall in value to QR111.06mn and 9% in deals to 2,312.
The real estate sector reported 74% surge in trade volume to 56.74mn equities, 34% in value to QR85.16mn and 58% in transactions to 1,780.
The insurance sector’s trade volume shot up 59% to 4.53mn stocks, value by 34% to QR7.81mn and deals by 45% to 184.
There was 9% expansion in the telecom sector’s trade volume to 2.28mn shares but on 62% shrinkage in value to QR3.29mn and 52% in transactions to 136.
However, the transport sector’s trade volume was down 7% to 4.87mn equities, whereas value was up 1% to QR16.23mn despite 4% lower deals at 344.