(MENAFN- Gulf Times) The rebound in oil prices had its positive spillover in the Qatar Stock Exchange, which on Sunday saw about 63% of its listed stocks either touch the 10% upper circuit filter or come close to it.
More than 95% of the traded stocks closed in the positive trajectory in the bourse, which shot up 662 points, its largest single-day gain in the recent past, and capitalisation swell by more than QR43bn.
An across the board buying € particularly in the telecom, real estate, consumer goods, transport and industrials € lifted the 20-stock Qatar Index (based on price data) 7.58% to 12,029.59 points as volumes also grew.
Buoyed by the oil price increases, foreign institutions turned bullish in the bourse, which is up 15.9% year-to-date.
Market capitalisation expanded 6.96% to QR661.67bn with mid, micro, small and large cap equities gaining 9.6%, 8.95%, 8.11% and 5.74% respectively.
The index that tracks Shariah-principled stocks gained much faster than the other indices in the market, where trade was skewed towards realty, banks and telecom, which together accounted for about 78% of the total trade volume.
The Total Return Index vaulted 7.58% to 17,942.03 points, All Share Index by 7.54% to 3,066.99 points and Al Rayan Islamic Index by 9.35% to 3,936.37 points.
Telecom stocks surged 10%, realty (9.98%), consumer goods (9.89%), transport (9.05%), insurance (9.03%), industrials (8.66%) and banks and financial services (5.16%).
Major movers included QNB, Industries Qatar, Ooredoo, Vodafone Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Nakilat, Barwa, Ezdan, Mazaya Qatar and Qatar Islamic Bank; even as Islamic Holding Group bucked the trend.
Foreign institutions turned net buyers to the tune of QR161.15mn against net sellers of QR36.66mn the previous trading day.
However, domestic institutions turned net sellers to the extent of QR120.45mn compared with net buyers of QR65.28mn on December 17.
Qatari retail investors turned net profit takers to the tune of QR60.73mn against net buyers of QR24.57mn last Wednesday.
Non-Qatari individual investors turned net buyers to the extent of QR20.16mn compared with net sellers of QR53.12mn the previous day.
Total trade volume rose 85% to 26.11mn shares, value by 96% to QR1.26bn and transactions by 20% to 9,437.
The insurance sector's trade volume grew 11-fold to 0.22mn equities and value by about 17-fold to QR13.54mn on about eight-fold jump in deals to 207.
The real estate sector's trade volume more than doubled to 8.85mn stocks and value almost doubled to QR186.68mn on 32% expansion in transactions to 2,063.
The banks and financial services sector reported more than doubling of trade volume and value to 7.48mn shares and QR637.87mn respectively on 53% rise in deals to 3,194.
The consumer goods sector's trade volume soared 61% to 1.34mn equities, value by 56% to QR65.92mn and transactions by 22% to 734.
There was 52% jump in the telecom sector's trade volume to 3.91mn stocks and 62% in value to QR85.95mn but on 34% decline in deals to 742.
The industrials sector saw its trade volume gain 43% to 2.97mn shares and value by 18% to QR213.44mn; while transactions were down 3% to 1,928.
There was 30% expansion in the transport sector's trade volume to 1.34mn equities, 44% in value to QR56.58mn and 25% in deals to 569.
In the debt market, there was no trading of treasury bills and government bonds.
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