The Qatar Stock Exchange on Tuesday gained 132 points to inch near 8,800 levels, reflecting the optimism in the global arena on account of rising oil prices and easing of lockdown measures.
An across the board buying – particularly in realty, transport and industrials – lifted the 20-stock Qatar Index 1.52% to 8,799.73 points.
Domestic and Gulf institutions’ buying interests lighted up sentiments in the bourse, whose year-to-date losses were trimmed to 15.59%.
Market capitalisation saw about QR10bn or 2.02% expansion to QR500.2bn mainly owing to large and midcap segments.
Islamic stocks were seen gaining faster than the other indices in the market, where local and foreign retail investors turned bullish.
Trade turnover and volumes were on the increase in the market, where the real estate and industrials sectors together accounted for more than 57% of the total trading volume.
The Total Return Index gained 1.52% to 16,917.18 points, All Share Index by 1.65% to 2,739.46 points and Al Rayan Islamic Index (Price) by 1.71% to 1,938.14 points.
The realty index soared 4.66%, transport (2.64%), industrials (2.26%), banks and financial services (1.41%), consumer goods (0.73%), telecom (0.47%) and insurance (0.42%).
About 87% of the traded constituents extended gains with major movers being Ezdan, Mazaya Qatar, United Development Company, Nakilat, Industries Qatar, Aamal Company, Qatar National Cement, Qatari Investors Group, Qamco, QNB, Doha Bank, Al Khaliji, Qatar Oman Investment, Baladna, Vodafone Qatar and Qatar German Company for Medical Devices; whereas Al Khaleej Takaful and Zad Holding were losers.
Domestic funds’ net buying increased influentially to QR55.35mn compared to QR24.05mn the previous day.
The Gulf institutions’ net buying also grew considerably to QR8.88mn against QR3.79mn on May 4.
Foreign institutions’ net selling declined noticeably to QR26.03mn compared to QR33.85mn on Monday.
The Arab individuals’ net profit booking weakened perceptibly to QR1.03mn against QR3.11mn the previous day.
However, local retail investors were net sellers to the tune of QR32.4mn compared with net buyers of QR1.25mn on May 4.
Foreign individuals were also net sellers to the extent of QR2.82mn against QR8.84mn on Monday.
The Gulf individuals’ net profit booking grew marginally to QR1.9mn compared to QR1.05mn the previous day.
The Arab institutions were net sellers to the extent of QR0.05mn against no major exposure on May 4.
Total trade volumes rose 48% to 406.5mn shares, value by 27% to QR513.46mn and transactions by 8% to 12,555.
The insurance sector’s trade volume more than tripled to 10.05mn equities and value almost tripled to QR19.51mn on 12% jump in deals to 364.
The real estate sector reported 92% surge in trade volume to 147.33mn stocks, 75% in value to QR133.11mn on 18% increase in transactions to 1,830.
The telecom sector’s trade volume shot up 89% to 7.74mn shares, while value eased 29% to QR12.87mn and deals by 56% to 420.
The consumer goods and services sector saw 81% expansion in trade volume to 55.81mn equities, 19% in value to QR46.63mn and 34% in transactions to 1,451.
The banks and financial services sector’s trade volume soared 29% to 77.39mn stocks and value by 14% to QR150.69mn but on 2% fall in deals to 4,183.
There was 8% rise in the industrials sector’s trade volume to 85.33mn shares, value by 18% to QR87.81mn and transactions by 18% to 2,501.
The market witnessed 7% growth in the transport sector’s trade volume to 22.86mn equities, 11% in value to QR62.85mn and 39% in deals to 1,806.
In the debt market, there was no trading of sovereign bonds and treasury bills.