The Qatar Stock Exchange on Tuesday snapped eight days of bearish spell and its key index rose as much as 14 points on the back of buying interests, especially in the real estate

Gulf Times

and banking counters.
The foreign institutions were increasingly net buyers as the 20-stock Qatar Index gained 0.14% to 9,901.23 points.
As much as 51% of the traded constituents extended gains in the main market, whose year-to-date losses truncated to 8.58%.
The Gulf institutions’ weakened net profit booking had its influence on the main bourse, whose capitalisation added QR2.19bn or 0.38% to QR577.69bn with midcap segments leading the pack of shakers.
The domestic funds’ lower net selling also had its say in the main market, which saw as many as 0.18mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.05mn trade across six deals.
The local individuals continued to be net buyers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.
The Islamic index grew faster than the main index in the main market, which reported no trading of treasury bills.
The Total Return Index rose 0.14%, the All Share Index by 0.26% and the All Islamic Index by 0.2% in the main bourse, whose trade turnover and volumes were on the decline.
The realty sector index shot up 1.03%, banks and financial services (0.69%), telecom (0.12%) and industrials (0.06%); while transport declined 1.71%, consumer goods and services (0.43%) and insurance (0.01%).
Major movers in the main market included Mannai Corporation, Al Meera, Gulf Warehousing, Qatar Insurance, Qatar Islamic Insurance, QNB, Dukhan Bank, Salam International Investment, Qatar National Cement and Barwa.
Nevertheless, Qatar General Insurance and Reinsurance, Doha Insurance, Qatar Oman Insurance, QLM, Nakilat, Doha Bank, Baladna, Qatar Electricity and Water, Gulf International Services and Milaha were among the shakers in the main bourse.
In the venture market, Mahhar Holding saw its shares depreciate in value.
The foreign institutions’ net buying expanded marginally to QR25.46mn compared to QR24.78mn on February 5.
The Gulf institutions’ net profit booking decreased substantially to QR23.42mn against QR40.15mn the previous day.
The domestic institutions’ net selling weakened considerably to QR6.14mn compared to QR20.92mn on Monday.
However, the Arab institutions turned net sellers to the tune of QR0.13mn against no major net exposure on February 5.
The Arab individuals were net sellers to the extent of QR0.09mn compared with net buyers of QR2.46mn the previous day.
The local individual investors’ net buying declined drastically to QR0.81mn against QR25.07mn on Monday.
The foreign retail investors’ net buying shrank markedly to QR3.02mn compared to QR5.96mn on February 5.
The Gulf individual investors’ net buying eased perceptibly to QR0.49mn against QR2.81mn the previous day.
Trade volumes in the main market fell 14% to 101.22mn shares, value by 17% to QR329.68mn and deals by 5% to 14,778.
The venture market saw 46% contraction in trade volumes to 0.13mn equities, 45% in value to QR0.18mn and 59% in transactions to 15.