Qatar’s bourse yesterday rose 1.44%, led by QNB and Qatar Telecom (Qtel).
As foreign institutions boosted buying, the 20-stock benchmark Qatar Share Index added 93 to close at 6,558.73, paced mainly by large and small cap stocks.
About 70% of the stocks extended gains.
Local institutions however continued to be profit-takers at the Doha Securities Market, which is down 4.75% year-to-date.
QNB, Qtel, Barwa and Nakilat stocks gained 3.96%, 1.11%, 1.86% and 1.70% respectively.
Banks and financial institutions stocks witnessed brisk buying as its index gained 1.64%, followed by services (1.37%), industries (0.95%) and insurance (0.33%).
Market capitalisation expanded 1.18% or more than QR3bn to QR272.68bn as large cap stocks appreciated 1.96%, small cap 1.89%, micro cap 1.39% and mid cap 1.1%.
Of the 43 stocks, 30 gained, while only four fell, four were unchanged and five were not traded.
Foreign institutions’ bullish grip strengthened as their net buying (in terms of value) rose to 3.66% from 1.04% in the previous day.
A much higher 24.49% of them bought equities against 13.38% on Sunday although a higher 20.83% sold compared with 12.34%.
Local institutional investors’ profit-booking became less intense as their net selling sunk to 4.42% from 10.68% in the previous day.
A higher 11.17% of them were into buying yesterday compared with 9.42% on Sunday, while a lower 15.59% into selling against 20.10%.
Qatari retail investors’ bullish grip considerably eased as their net buying plummeted to 0.40% from 6.23% in the previous day.
A lower 49.02% of them were into buying compared with 57.54% on Sunday and a lower 48.62% into selling against 51.31%.
Non-Qatari retail investors’ bullish grip also slackened as their net buying plunged to 0.36% from 3.42% in the previous day.
A lower 15.32% of them picked up equities against 19.67% on Sunday and a lower 14.96% offloaded compared with 16.25%.
Total trading volume rose 2% to 17.27mn shares and value by 5% to QR0.46bn whereas deals fell 8% to 7,420.
Industries’ trading volume more than doubled to 2.5mn shares and value gained 43% to QR103.84mn but transactions were down 20% to 783.
Insurance’s trading volume, however, more than halved to 0.09mn shares, value fell 40% to QR3.88mn and deals by 36% to 125.
Lenders’ trading volume shrank 7% to 8.50mn shares whereas value gained less than 1% to QR202.50mn and transactions by 1% to 3,176.
Services’ trading volume was down 5% to 6.18mn shares, value by 6% to QR148.23mn and deals by 10% to 3,336.
Actively traded stocks were Masraf Al Rayan (4.24mn shares), Alkhaliji (2.49mn), United Development Company (1.70mn), Barwa (1.69mn), Nakilat (1.46mn) and Qatar Oman Investment (1.11mn).
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