About 62% of the traded equities extended gains as the 20-stock Qatar Index added 0.39% to 9,030.16 points.
Consumer goods, banking, real estate and industrials counters witnessed stronger demand in the market, whose year-to-date losses were contained at 13.48%.
The market saw stronger gains in the first minutes, which took the index to near 9,060 points, after which profit booking ensued for the next 180 minutes, trending towards 9,000 points. The buying support during the remainder of the session led the index settle 35 points higher against the previous close.
Micro and large cap equities were seen outperforming the index on the bourse, which also saw substantially weakened net selling by Gulf institutions and Gulf individuals turn marginally bullish.
Islamic stocks were seen gaining faster than the main index and other indices on the bourse, which, however, saw net selling by domestic institutions as well as local and non-Qatari retail investors.
Market capitalisation added expanded 0.57% or about QR3bn to QR487.2bn as micro, large, mid and small cap equities gained 0.61%, 0.52, 0.39% and 0.15% respectively.
Trade turnover and volumes were on the decline on the bourse, where telecom and banking sectors together accounted for more than 65% of the total volumes.
The Total Return Index rose 0.39% to 15,143.04 points, All Share Index by 0.48% to 2,567.81 points and Al Rayan Islamic Index by 0.49% to 3,575 points.
The consumer goods index gained 0.77%, banks and financial services (0.73%), realty (0.65%), industrials (0.5%) and transport (0.22%); whereas insurance and telecom declined 1.06% and 0.1% respectively.
Major gainers included Qatar Oman Investment, QNB, Qatar Islamic Bank, Commercial Bank, Doha Bank, Masraf Al Rayan, Qatar First Bank, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Barwa, Ezdan, Vodafone Qatar, Gulf Warehousing and Widam Food; even as Qatar Insurance, Ooredoo and United Development Company were among the losers.
Non-Qatari institutions turned net buyers to the tune of QR22.77mn compared with net sellers of QR37.83mn on Monday.
The GCC (Gulf Cooperation Council) individuals were net buyers to the extent of QR0.05mn against net sellers of QR1.18mn on July 10.
The GCC institutions’ net profit booking weakened considerably to QR0.5mn compared to QR4.56mn the previous day.
However, local retail investors turned net sellers to the tune of QR15.13mn against net buyers of QR30.23mn on Monday.
Domestic institutions were also net profit takers to the extent of QR2.87mn compared with net buyers of QR11.15mn on July 10.
Non-Qatari retail investors turned net sellers to the tune of QR4.31mn against net buyers of QR2.16mn the previous day.
Total trade volumes fell 33% to 5.52mn shares, value by 51% to QR165.13mn and deals by 19% to 2,450.
The banks and financial services sector saw 47% plunge in trade volume to 1.69mn equities, 69% in value to QR72.14mn and 25% in transactions to 781.
The industrials sector’s trade volume plummeted 47% to 0.47mn stocks, value by 27% to QR23.08mn and deals by 16% to 437.
There was 44% shrinkage in the real estate sector’s trade volume to 0.72mn shares, 46% in value to QR12.29mn and 38% in transactions to 371.
The transport sector’s trade volume tanked 41% to 0.33mn equities, value by 19% to QR10.55mn and deals by 27% to 285.
The market witnessed 11% decline in the telecom sector’s trade volume to 1.9mn stocks, 14% in value to QR20.92mn and 1% in transactions to 207.
However, the insurance sector’s trade volume more than quadrupled to 0.21mn shares and value grew almost seven-fold to QR12.58mn on 37% jump in deals to 70.
The consumer goods sector reported 17% expansion in trade volume to 0.21mn equities, 15% in value to QR13.58mn and 34% in transactions to 299.
In the debt market, there was no trading of treasury bills and government bonds.
About 62% of the traded equities extended gains as the 20-stock Qatar Index added 0.39% to 9,030.16 points.
The Qatar Stock Exchange continued to witness gains for the second day on Tuesday to surpass 9,000 levels, mainly on the back of strong buying support from foreign institutions.
