06/03/2026 06:42 AST
The Qatar Stock Exchange Thursday remained under bullish spell for the second consecutive session and its key index gained more than 110 points on the back of buying interests especially at the banking, insurance and transport counters.
The foreign funds were seen net buyers as the 20-stock Qatar Index surged 1.04% to 10,699.28 points, although it touched an intraday high of 10,744 points.
The Gulf individuals were seen net buyers, albeit at lower levels, in the main market, whose year-to-date losses narrowed further to 0.59%.
As much as 57% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR6.35bn or 1.01% to QR636.45bn mainly on account of large and small cap segments.
The domestic institutions continued to be net buyers but with lesser intensity in the main market, whose trade turnover and volumes were on the rise.
The local retail investors also continued to be bullish but with lesser vigour in the main bourse, which saw 0.11mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.31mn trade across 69 deals.
The Gulf funds were seen increasingly net profit takers in the main market, which saw no trading of sovereign bonds.
The Islamic index was seen gaining slower than the other indices of the main bourse, which saw no trading of treasury bills.
The Total Return Index rose 1.04%, the All Share Index by 1.24% and the All Islamic Index by 0.08% in the main bourse.
The banks and financial services sector index shot up 2.6%, insurance (1.75%), transport (1.52%) and real estate (0.39%); whereas industrials declined 1.74%, telecom (0.58%) and consumer goods and services (0.17%).
As many as 30 gained, while 22 declined and one was unchanged.
Major movers in the main market included Qatar Islamic Bank, QNB, Qatar Insurance, QIIB, Mannai Corporation, AlRayan Bank, Salam International Investment, Mesaieed Petrochemical Holding, Barwa, Vodafone Qatar, Milaha and Nakilat.
In the juniour bourse, Techno Q saw its shares depreciate in value.
Nevertheless, Qamco, United Development Company, Industries Qatar, Widam Food, Zad Holding, Baladna, Aamal Company and Vodafone Qatar were among the shakers in the main market.
The foreign institutions turned net buyers to the tune of QR3.68mn compared with net sellers of QR123.08mn on March 4
The Gulf individuals were net buyers to the extent of QR0.17mn against net sellers of QR0.34mn the previous day.
The Arab institutions turned net buyers to the tune of QR0.34mn compared with no major net exposure on Wednesday.
However, the Gulf institutions' net selling increased substantially to QR67.61mn against QR15.61mn on March 4.
The foreign individuals were net sellers to the extent of QR3.6mn compared with net buyers of QR3.39mn the previous day.
The local retail investors' net buying decreased significantly to QR25.27mn against QR86.41mn on Wednesday.
The domestic institutions' net buying weakened marginally to QR39.18mn compared to QR40.87mn on March 4.
The Arab individual investors' net buying shrank noticeably to QR2.58mn against QR8.36mn the previous day.
The main market saw a 10% jump in trade volumes at 246.21mn shares, 7% in value to QR642.71mn and 25% in deals to 41,930.
In the venture market, a total of 0.04mn equities valued at QR0.07mn changed hands across eight transactions.
Gulf Times
Please wait...
