Across-the-board buying lifts Qatar shares

Across-the-board buying lifts Qatar shares

Qatar - An across the board buying – especially in the insurance, telecom and consumer goods sectors – yesterday lifted the Qatar Stock Exchange and its key index gained 44 points.

The foreign institutions were increasingly into net buying as the 20-stock Qatar Index rose 0.43% to 10,272.52 points.

The market, which was skewed towards gainers, touched an intraday high of 10,316 points.

The Gulf institutions were also increasingly into net buying in the main market, whose year-to-date losses narrowed to 3.82%.

The foreign individuals’ bullish grip strengthened in the main bourse, whose capitalisation added QR0.71bn or 0.12% to QR597.45bn, mainly on account of small cap segments.

The Arab retail investors turned net buyers in the main market, which saw a total of 0.1mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.68mn changed hands across 41 deals.

The Gulf individuals were also bullish in the main bourse, which saw no trading of sovereign bonds.

The Islamic index was seen outperforming the other indices in the main market, which saw no trading of treasury bills.

The Total Return Index rose 0.43%, the All Share Index by 0.37% and the Al Rayan Islamic Index (Price) by 0.47% in the main bourse, whose trade turnover