(MENAFN- Gulf Times) Qatar Stock Exchange Sunday opened the week on a stronger note to add 133 points and its key index surpassed the 12,000 mark mainly owing to buying interests in real estate stocks.
The Gulf Cooperation Council (GCC) institutions were primarily seen lifting the 20-stock Qatar Index 1.12% to 12,031.15 points, supported by rising volumes.
Foreign institutions were also bullish amid their lower exposure in the market, which is, however, down 2.07% year-to-date.
The index that tracks Shariah-principled stocks was seen gaining faster than the other indices in the bourse, where trading was largely skewed towards the realty sector, whose stocks together constituted about 69% of the overall trading volume.
Market capitalisation rose 0.67% or more than QR4bn to QR638.35bn with mid, small, large and micro cap equities gaining 0.59%, 0.47%, 0.35% and 0.19% respectively.
The Total Return Index gained 1.12% to 18,697.03 points, All Share Index by 0.88% to 3,215.29 points and Al Rayan Islamic Index by 1.14% to 4,676.71 points.
Real estate stocks appreciated 3.84%, telecom (0.78%), insurance (0.66%), industrials (0.54%), transport (0.53%) and banks and financial services (0.14%); whereas consumer goods fell 0.55%.
About 68% of the stocks extended gains with major movers being Major gainers included Ezdan, Barwa, United Development Company, Vodafone Qatar, Ooredoo, Industries Qatar, Aamal Company, Gulf International Services, Qatar Islamic Bank and Nakilat; even as QNB and Alijarah Holding bucked the trend.
The GCC institutions' net buying strengthened to QR7.7mn compared to QR0.14mn the previous trading day.
Non-Qatari institutions turned net buyers to the tune of QR7.34mn against net sellers of QR6.79mn on June 18.
The GCC individual investors turned net buyers to the extent of QR0.3mn compared with net sellers of QR2.23mn last Thursday.
Non-Qatari individual investors' net profit booking fell to QR0.65mn against QR2.2mn the previous trading day.
However, local retail investors turned net sellers to the tune of QR11.49mn compared with net buyers of QR3.35mn on June 18.
Domestic institutions were also net profit takers to the extent of QR3.19mn against net buyers of QR7.78mn last Thursday.
Total trade volume rose 35% to 6.63mn shares; while value fell 14% to QR198.36mn. Deals gained 12% to 2,925.
The real estate sector's trade volume more than doubled to 4.56mn equities, value soared 56% to QR103.84mn and transactions by 77% to 1,351.
The market witnessed 66% surge in the industrials sector's trade volume
to 0.68mn stocks but on 42% decline in value to QR21.14mn and 14% in deals to 535.
The transport sector's trade volume expanded 50% to 0.06mn shares and value by 8% to QR2.83mn, while transactions were down 3% to 57.
The telecom sector saw 11% jump in trade volume to 0.59mn equities, even as value fell 25% to QR14.08mn. Deals were up 3% to 276.
However, the consumer goods sector's trade volume plummeted 67% to
0.25mn stocks, value by 25% to QR15.67mn and transactions by 11% to 227.
The banks and financial services sector reported 48% plunge in trade volume to 0.51mn shares, 49% in value to QR40.61mn and 23% in deals to 475.
The insurance sector saw a mere 2,070 equities valued at QR0.2mn change hands across four transactions.
In the debt market, there was no trading of treasury bills and government bonds.
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