Snapping a two-days bearish run, the Qatar Stock Exchange inched near 7,800 levels, propelled by realty, transport and industrials stocks.
Local and non-Qatari individual investors turned bullish and there was increased buying support from domestic institutions as the 20-stock Qatar Index gained 0.38% to 7,798.39 points.
However, non-Qatari institutions turned profit-takers in the market, whose year-to-date losses were at 25.28%.
Islamic equities were seen gaining faster in the bourse, whose capitalisation expanded 0.97% to QR420.46bn.
Trade turnover shrank amidst higher volumes in the market, where the industrials, banking and real estate sectors together accounted for about 65% of the total volume.
The Total Return Index gained 0.38% to 13,077.44 points, the All Share Index by 0.86% to 2,134.27 points and the Al Rayan Islamic Index by 1.41% to 2,950.35 points.
The realty index shot up 3.55%, followed by transport (1.35%), industrials (1.16%), telecom (0.71%), consumer goods (0.25%) and banks and financial services (0.24%); while insurance fell 0.53%.
About 80% of the stocks extended gains with major movers being Ezdan, Mazaya Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Ahli Bank, Qatar First Bank, Alijarah Holding, Islamic Holding Group, Qatari Investors Group, Widam Food, Vodafone Qatar and Nakilat; even as Mannai Corporation, Qatar Electricity and Water, Qatar Insurance and Industries Qatar were among the losers.
Non-Qatari individual investors were net buyers to the tune of QR8.66mn compared with net sellers of QR10.1mn on November 21.
Local retail investors turned net buyers to the extent of QR8.56mn against net sellers of QR9.11mn the previous day.
Domestic institutions’ net buying increased considerably to QR7.72mn compared to QR2.59mn on Tuesday.
The GCC (Gulf Cooperation Council) funds’ net selling weakened marginally to QR16.92mn against QR17.48mn on November 21.
However, non-Qatari institutions turned net profit-takers to the tune of QR8.39mn compared with buyers of QR33.71mn the previous day.
The GCC retail investors’ net buying weakened marginally to QR0.38mn against QR0.43mn on Tuesday.
Total trade volume rose 20% to 10.66mn shares, while value fell 10% to QR213.39mn despite 19% higher deals to 3,791.
The consumer goods sector’s trade volume grew more than five-fold to 1.23mn equities and value more than quadrupled to QR25.08mn on more-than-doubled transactions to 675.
The industrials sector’s trade volume more than doubled to 3.43mn stocks, value soared 69% to QR70.22mn and deals by 46% to 811.
The real estate sector’s trade volume doubled to 1.72mn shares and value more than doubled to QR21.62mn on a 52% increase in transactions to 743.
However, the banks and financial services sector saw a 50% plunge in trade volume to 1.73mn equities, 54% in value to QR60.37mn and 23% in deals to 853.
The insurance sector’s trade volume plummeted 45% to 0.24mn stocks, value by 38% to QR5.05mn and transactions by 43% to 97.
There was an 11% decline in the transport sector’s trade volume to 0.7mn shares, 37% in value to QR14.73mn and 2% in deals to 309.
The telecom sector’s trade volume declined 5% to 1.6mn equities and value by 14% to QR16.31mn, whereas transactions were up 9% to 303.
In the debt market, there was no trading of sovereign bonds and treasury bills.
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