The Qatar Stock Exchange yesterday gained a whopping 112 points to touch an all-time high, mainly lifted by insurance, banking and industrials stocks.
Buying support from institutional investors helped the 20-stock Qatar Index (based on price data) gain 0.82% to 13,865.89 points on expanding volumes.
The index that tracks Shariah-principled stocks was seen gaining faster than the other indices in the market, which is up 33.59% year-to-date.
Mid and large-cap equities witnessed the maximum buying pressure in the bourse, where trading volume was extremely skewed towards banks and realty stocks.
Market capitalisation gained 0.58%, or more than QR4bn, to QR735.27bn.
Mid, large and small-cap equities appreciated 1.03%, 0.75% and 0.19% respectively; while micro caps fell 0.49%.
Insurance stock vaulted 1.36%, followed by banks and financial services (0.94%), industrials (0.81%), real estate (0.42%) and transport (0.15%); whereas consumer goods fell 0.23% and telecom (0.15%).
More than 60% of the stocks extended gains with major movers being Industries Qatar, Commercial Bank, Doha Bank, Masraf Al Rayan, Mazaya Qatar and International Islamic.
However, Ooredoo, Barwa, Qatar Islamic Insurance and Salam International Investment were seen to buck the trend.
Mazaya Qatar, Masraf Al Rayan and International Islamic were the most active in terms of both volume and value respectively.
Foreign institutions’ net buying soared to QR104.89mn against QR87.77mn the previous day.
Domestic institutions’ net selling rose to QR64.26mn compared to QR56.77mn on Sunday.
Qatari retail investors’ net profit-taking sunk to QR18.83mn against QR40.8mn the previous day.
Non-Qatari individual investors turned net sellers to the tune of QR21.8mn compared with net buyers of QR3.91mn on Sunday.
Total trading volume increased 66% to 16.76mn shares, value by 84% to QR960.49mn and transactions by 54% to 8,487.
The transport sector’s trading volume more than tripled to 0.61mn equities and value more than quadrupled to QR33.54mn on more-than-doubled deals to 217.
The real estate sector’s trading volume almost tripled to 6.32mn stocks and value more than tripled to QR166.26mn on a 59% jump in transactions to 1,460.
The market witnessed a 59% expansion in trading volume to 0.27mn shares, 65% in value to QR14.29mn and 96% in deals to 210.
The consumer goods sector witnessed its trading volume surge 56% to 1.36mn equities, value more than doubled to QR60.17mn and transactions by 72% to 606.
The banks and financial services reported a 51% gain in trading volume to 5.42mn stocks, 75% in value to QR443.86mn and 68% in deals to 3,382.
The industrials’ trading volume gained 44% to 1.86mn shares, value by 77% to QR211.82mn and transactions by 44% to 2,256.
However, there was a 49% plunge in the telecom sector’s trading volume to 0.92mn equities, 41% in value to QR31.06mn and 22% in deals to 356.
In the debt market, a total of 500 treasury bills valued at QR4.99mn traded across one transaction; while there was no trading of government bonds.