A healthy domestic projects pipeline helped lift sentiments on the Qatar Stock Exchange, which yesterday gained more than 133 points to inch near 10,400 levels.
The banking, real estate and insurance counters witnessed higher than average demand as the 20-stock Qatar Index shot up 1.3% to 10,395.3 points, although it touched an intraday low of 10,290 points.
The domestic and foreign institutions continued to be net buyers on the market, whose year-to-date losses were truncated to mere 0.29%.
The Gulf institutions were seen bullish, albeit at lower levels, on the bourse, which saw about 69% of the traded constituent extend gains to investors.
Market capitalisation saw more than QR8bn or 1.36% rise to QR598.57bn, mainly owing to mid and small cap segments.
A total of 139,670 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR329,676 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 on the bourse, where the industrials, banking and realty sectors together accounted for about 71% of the total trading volume.
The Total Return Index gained 1.3% to 19,984.62 points, All Share Index by 1.44% to 3,194.78 points and Al Rayan Islamic Index (Price) by 0.89% to 2,372.88 points.
The banks and financial services index soared 2.45%, real estate (2.36%), insurance (2.16%), consumer goods and services (0.3%) and telecom (0.23%); while transport and industrials declined 1.58% and 0.1% respectively.
Major gainers included Qatari German Medical Devices, Inma Holding, Alijarah Holding, Qamco, Qatar Oman Investment, QNB, Commercial Bank, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Dlala, Aamal Company, Qatar Insurance, United Development Company, Barwa and Mazaya Qatar; even as Nakilat, Medicare Group, Qatar National Cement, Qatar Industrial Manufacturing and Al Meera were among the losers.
Domestic institutions’ net buying increased marginally to QR10.96mn compared to QR10.58mn on November 30.
The Gulf institutions turned net buyers to the tune of QR1.54mn against net sellers of QR15.29mn on Monday.
However, Qatari individuals’ net selling increased notably to QR44.25mn compared to QR42.51mn the previous day.
The Arab individuals’ net profit booking rose perceptibly to QR10.22mn against QR5.38mn on November 30.
The Gulf individuals’ net selling strengthened noticeably to QR2.57mn compared to QR0.34mn on Monday.
The foreign individuals were net sellers to the extent of QR2.06mn against net buyers of QR3.53mn the previous day.
Foreign funds’ net buying eased markedly to QR46.47mn compared to QR49.56mn on November 30.
The Arab institutions had no major exposure against net buyers to the tune of QR0.08mn on Monday.
Total trade volumes fell 44% to 237.02mn shares, value by 66% to QR570.94mn and transactions by 38% to 13,070.
The transport sector’s trade volume plummeted 90% to 20.61mn equities, value by 90% to QR69.1mn and deals by 71% to 1,618.
There was 70% plunge in the telecom sector’s trade volume to 2.97mn stocks, 70% in value to QR12.26mn and 64% in transactions to 474.
The real estate sector’s trade volume tanked 31% to 48.98mn shares, value by 48% to QR81.5mn and deals by 25% to 1,987.
The banks and financial services sector saw 21% shrinkage in trade volume to 56.98n equities, 59% in value to QR235.33mn and 32% in deals to 4,592.
However, the consumer goods and services sector’s trade volume more than doubled to 36.9mn stocks but value shrank 12% to QR69.62mn despite 18% higher transactions at 1,435.
The insurance sector reported 43% surge in trade volume to 9.18mn shares and 48% in value to QR21.68mn on more than doubled deals to 432.
The industrials sector’s trade volume expanded 38% to 61.4mn equities, whereas value eroded 43% to QR81.44mn and transactions by 25% to 2,532.