Qatar Stock Exchange on Tuesday  witnessed strong rebound as its key index vaulted 470 points to inch near the 9,000 points, and capitalisation gain as much as QR21bn; mainly lifted by real estate, consumer goods and transport stocks.

Increased buying support from local and non-Qatari retail investors led the 20-stock Qatar Index surge 5.51% to 8,986.5 points, reflecting the rally in the global markets, following a marginal increase in oil prices.

Domestic institutions were also seen exerting marginal bullish momentum in the market, where trading turnover and volumes were on the increase.

However, foreign and Gulf institutions were increasingly profit takers in the bourse, which is down 13.83% year-to-date.

The index that tracks Shariah-principled stocks was seen gaining faster than the other indices in the market, where the consumer goods, banking, realty and telecom sectors together accounted for about 85% of the total trading volume.

Market capitalisation soared 4.5% to QR476.18bn with mid, large, small and micro cap equities gaining 5.59%, 4.86%, 2.93% and 2.62% respectively.

The Total Return Index shot up 5.51% to 13,968.23points, All Share Index by 5.08% to 2,384.39 points and Al Rayan Islamic Index by 6.01% to 3,215.85 points.

Real estate stocks appreciated 8.15%, consumer goods (5.94%), transport (5.6%), telecom (5.48%), banks and financial services (4.53%), industrials (4.43%) and insurance (1.42%).

About 88% of the stocks were in the red with major gainers being Barwa, Mazaya Qatar, United Development Company, Ezdan, Nakilat, Ooredoo, Vodafone Qatar, Qatar Islamic Bank, Commercial Bank, Doha Bank, Masraf Al Rayan, al khaliji, Islamic Holding Group, Aamal Company, Gulf International Services, Mesaieed Petrochemical Holding, Industries Qatar, Qatari Investors Group, Qatar Electricity and Water, Salam International Investment and Widam Food; even as Woqod, Qatar National Cement and Qatar General Insurance and Reinsurance bucked the trend.

Local retail investors’ net buying increased to QR26.89mn against QR23.27mn the previous day.

Non-Qatari individual investors’ net buying also soared to QR9.33mn compared to QR4.51mn on January 18.

Domestic institutions turned net buyers to the extent of QR0.73mn against net sellers of QR2.18mn on Monday.

However, non-Qatari institutions’ net profit booking strengthened to QR12.71mn compared to QR4.57mn the previous day.

The GCC (Gulf Cooperation Council) institutions’ net selling also rose to QR26.26mn against QR24.59mn on January 18.

The GCC individuals’ net buying weakened to QR2.02mn compared to QR3.56mn on Monday.

Total trade volume rose 40% to 14.01mn shares, value by 20% to QR367.34mn and deals by 12% to 6,881.

The consumer goods sector’s trade volume more than tripled to 3.68mn equities and value more than doubled to QR55.86mn on 79% jump in transactions to 1,072.

The banks and financial services sector reported 50% surge in trade volume to 3.13mn stocks, 26% in value to QR147.51mn and 19% in deals to 2,220.

The telecom sector’s trade volume soared 38% to 2.08mn shares and value by 28% to QR28.79mn; while transactions fell 2% to 912.

The insurance sector saw 25% increase in trade volume to 0.1mn equities, 25% in value to QR6.55mn and 44% in deals to 155.

There was 5% rise in the real estate sector’s trade volume to 3.01mn stocks and 9% in value to QR51.55mn but on 1% fall in transactions to 1,062.

However, the transport sector’s trade volume tanked 25% to 0.52mn shares, value by 16% to QR11.93mn and deals by 26% to 185.

The market witnessed 15% decline in the industrials sector’s trade volume to 1.5mn equities, 14% in value to QR65.15mn and 4% in transactions to 1,275.

In the debt market, there was no trading of treasury bills and government bonds.