year high oil price.
A higher than average demand, particularly in the industrials sector, lifted the 20-stock Qatar Index 1.32% to 11,108 points.
The Gulf institutions turned bullish in the main market, which saw the index touch an intraday high of 11,126 points.
The Arab retail investors’ weakened net profit booking had its influence in the main bourse, whose year-to-date gains strengthened to 4%.
However, more than 51% of the traded constituents were in the red in the main market, whose capitalisation added QR7.786n or 1.22% to QR649.86bn with midcap segments gaining the most.
The local retail investors were increasingly bearish in the main bourse, which saw a total of 0.27mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.65mn changed hands across 22 deals.
The domestic institutions were also increasingly net sellers 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 bourse, which saw no trading of treasury bills.
The Total Return Index soared 1.32%, All Share Index by 1.13% and Al Rayan Islamic Index (Price) by 1.36% in the main market, whose trade turnover and volumes were on the increase.
The industrials sector index shot up 2.46%, banks and financial services (1.07%), real estate (1.05%), telecom (0.89%), consumer goods and services (0.21%) and insurance (0.05%); while transport declined 0.6%.
Major movers in the main market included Mesaieed Petrochemical Holding, Dukhan Bank, Barwa, Industries Qatar, Qamco, Commercial Bank, QNB, Doha Bank, Qatar Electricity and Water and Ooredoo. In the venture market, both Al Faleh Educational Holding and Mahhar Holding saw their shares appreciate in value.
Nevertheless, Mannai Corporation, Alijarah Holding, QLM, Mekdam Holding, Qatar Oman Investment, Widam Food, Ezdan and Nakilat were among the losers in the main market.
The foreign institutions’ net buying increased noticeably to QR87.24mn compared to QR75.3mn on July 31.
The Gulf institutions were net buyers to the tune of QR30.93mn against net sellers of QR3.27mn the previous day.
The Arab individual investors’ net selling decreased perceptibly to QR18.13mn compared to QR20.57mn on Monday.
However, the local retail investors’ net profit booking grew substantially to QR51.53mn against QR14mn on July 31.
The domestic funds’ net selling strengthened significantly to QR43.59mn compared to QR34.15mn the previous day.
The foreign retail investors’ net profit booking expanded markedly to QR2.83mn against QR2.33mn on Monday.
The Gulf individuals’ net selling increased notably to QR1.89mn compared to QR1.01mn on July 31.
The Arab institutions turned net sellers to the extent of QR0.21mn against no major net exposure the previous day.
Trade volumes in the main market were up 2% to 195.94mn shares, value by 9% to QR572.46mn and deals by 6% to 19,583.
The venture market saw a 45% contraction in trade volumes to 1.14mn equities and 47% in value to QR2.52mn but on 7% jump in transactions to 251.