By Santhosh V Perumal/Business Reporter

Total QE trading volume rose 11% to 11.48mn yesterday, value by 31% to QR510.75mn and transactions by 7% to 5,295

Qatar’s bourse was back on the positive trajectory as the index inched towards the 9,200 mark mainly on buying support from the industrial and banking stocks.

The 20-stock benchmark settled 0.39% higher at 9,199.97 points backed by rising trading volumes.

The market is up 5.97% year-to-date.

Prime gainers included Industries Qatar (IQ), Masraf Al Rayan, International Islamic, QNB and Qatar Telecom.

Market capitalisation expanded by 0.37% or about QR2bn to QR465.80bn as small, micro and mid cap equities reported 0.45%, 0.26% and 0.21% gains respectively.

Industrial stocks gained the maximum of 1.75%, followed by insurance (0.33%), services (0.19%) and banks and financial institutions (0.16%).

Of the 43 stocks, 20 gained, while 14 declined, six were unchanged and three were not traded.

Total trading volume rose 11% to 11.48mn equities, value by 31% to QR510.75mn and transactions by 7% to 5,295.

The industrial sector witnessed a 94% surge in trading volume to 1.63mn shares, value by 84% to QR129.92mn and deals by 32% to 1,069.

Banks and financial institutions’ trading volume shot up 47% to 5.34mn equities, value by 44% to QR238.92mn and transactions by 33% to 2,322.

The insurance sector’s trading volume however plummeted 69% to 0.04mn shares, value by 60% to QR3.34mn and deals by 49% to 63.

The services sector’s trading volume plunged 22% to 4.46mn, value by 2% to QR138.57mn and transactions by 19% to 1,841.

Actively traded stocks (in terms of volume) were Rayan (3.04mn shares); Barwa (1.97mn); IQ (730,143); Qatar Islamic Bank (721,290) and Nakilat (646,868).