SNG: Qatar: QSE reopens with 139 points gain as foreign funds turn bullish; M-cap adds $2.04bln

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First published: 11-Jun-2025 08:54:24Santhosh V. PerumalQatar - An across the board buying was visible as the 20-stock Qatar Index shot up 1.31% to 10,697.1 points, recovering from an intraday low of 10,576 points.The Qatar Stock Exchange Tuesday reopened after Eid holidays with a huge 139 points gain in index and more than QR7bn in capitalisation, mirroring global sentiments on the back of positive signals emanating on the US-China trade talks.An across the board buying was visible as the 20-stock Qatar Index shot up 1.31% to 10,697.1 points, recovering from an intraday low of 10,576 points.The foreign institutions were seen net buyers in the main market, which reported 1.19% gains year-to-date.About 83% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR7.44bn or 1.19% to QR631.81bn mainly on account of mid and small cap segments.However, the local retail investors turned bearish in the main market, which saw as many as 1,500 exchange traded funds (sponsored by Doha Bank) valued at QR0.02mn trade across two deals.The Gulf institutions were increasingly net profit takers in the main bourse, whose trade turnover and volumes were on the rise.The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills.The Arab individual investors turned bullish in the main bourse, which saw a total of 0.1mn sovereign bonds valued at QR1.04bn change hands across three transactions.The Total Return Index gained 1.31%, the All Islamic Index 1.16% and the All Share Index 1.29% in the main market.The banks and financial services sector index soared 1.88%, real estate (1.25%), consumer goods and services (0.93%), insurance (0.75%), telecom (0.68%), industrials (0.47%) and transport (0.23%).Major movers in the main market included Vodafone Qatar, Beema, Qatar Oman Investment, Commercial Bank, Baladna, Qatar Islamic Bank, Doha Bank, QIIB, Lesha Bank, Dukhan Bank, Qatari Investors Group, Mesaieed Petrochemical Holding, Qamco, Qatar Insurance, Mazaya Qatar, Ezdan and Nakilat.Nevertheless, Qatar General Insurance and Reinsurance, Milaha, Gulf International Services, Qatar Islamic Insurance and Ooredoo were among the shakers in the main bourse.In the venture market, Techno Q saw its shares depreciate in value.The foreign institutions turned net buyers to the tune of QR8...

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