The Qatar Stock Exchange Sunday gained more than 48 points on the back of strong buying interests, especially in the real estate sector.

Gulf Times

The Gulf institutions continued to be net buyers but with lesser intensity as the 20-stock Qatar Index rose 0.47% to 10,494.91 points.
The Arab retail investors were seen bullish in the main market, which had hit an intraday high of 10,529 points.
The Gulf individuals were increasingly net buyers in the main market, whose year-to-date losses reduced further to 1.74%.
The domestic fund’s weakened net selling had its profound influence in the main bourse, whose capitalisation added QR3.14bn or 0.51% to QR619.9bn with small cap segments gaining the most.
The foreign retail investors’ lower net profit booking had its say in the main market, which saw a total of 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.04mn changed hands across eight deals.
The Arab institutions’ net selling eased marginally in the main market, which saw no trading of sovereign bonds.
The Islamic index was seen gaining faster than the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index rose 0.47%, All Share Index by 0.43% and Al Rayan Islamic Index (Price) by 0.77% in the main bourse, whose trade turnover and volumes were on the decline.
The real estate sector shot ip 5.25%, banks and financial services (0.4%), industrials (0.18%), consumer goods and services (0.13%), insurance (0.1%) and telecom (0.05%); while transport declined 0.29%.
As much as 66% of the traded constituents extended gains in the main bourse with major movers being Barwa, Qatar Oman Investment, QLM, Mannai Corporation, Inma Holding, Alijarah Holding, Salam International Investment, Qatar Industrial Manufacturing, Aamal Company, Ezdan and Mazaya Qatar. In the venture market, Mahhar Holding saw its shares appreciate in value.
Nevertheless, Widam Food, Lesha Bank, Medicare Group, Qatar General Insurance and Reinsurance and Mekdam Holding were among the losers in the main market. In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The Arab retail investors were net buyers to the tune of QR2.45mn compared with net sellers of QR6.1mn on July 20.
The Gulf individuals’ net buying increased marginally to QR0.56mn against QR0.14mn the previous trading day.
The domestic institutions’ net selling declined substantially to QR5.76mn compared to QR21.05mn last Thursday.
The foreign retail investors’ net profit booking weakened noticeably to QR0.41mn against QR4.77mn on July 20.
The Arab institutions’ net selling shrank marginally to QR0.03mn compared to QR0.28mn the previous day.
However, the local retail investors’ net selling fell substantially to QR5.76mn against QR16.74mn last Thursday.
The foreign institutions turned net sellers to the extent of QR4.16mn compared with net buyers of QR15.43mn on July 20.
The Gulf institutions’ net buying decreased perceptibly to QR30.91mn against QR33.37mn the previous trading day.
The main market saw a 14% contraction in trade volumes to 241.51mn shares, 18% in value to QR435.81mn and 26% in deals to 13,876.
In the venture market, trade volumes surged 68% to 0.42mn equities, value by 67% to QR0.9mn and transactions by 96% to 88.
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