Buying interests – especially in insurance, telecom, banking and realty – lifted the 20-sock Qatar Index 0.46% to 9,977.76 points.
Weakened net selling by local retail investors and Gulf institutions was visible in the bourse, whose year-to-date losses are at 4.33%.
Trade turnover and volumes however declined in the market, where telecom, banking and real estate sectors together accounted for about 85% of the total volume.
Micro, small and large cap equities witnessed brisk demand in the bourse, where the buying support of foreign and domestic institutions however weakened.
Market capitalisation gained more than QR2bn or 0.43% to QR536.28bn as micro, small, large and midcap equities added 0.57%, 0.55%, 0.49% and 0.26% respectively.
The Total Return Index rose 0.46% to 16,143.35 points, All Share Index by 0.45% to 2,744.56 points and Al Rayan Islamic Index by 0.46% to 3,695.25 points.
Insurance sector saw its index vault 1.72%, telecom (1.38%), banks and financial services (0.56%), realty (0.53%), consumer goods (0.37%) and transport (0.33%); whereas industrials fell 0.41%.
More than 63% of the traded stocks extended gains with major movers being Qatar Insurance, Ooredoo, Mazaya Qatar, Barwa, United Development Company, Doha Bank, QNB, Masraf Al Rayan, Qatar First Bank, Nakilat, Aamal Company, Mesaieed Petrochemical Holding and Alijarah Holding.
Nevertheless, Industries Qatar, Qatari Investors Group, Qatar Electricity and Water, Gulf International Services, Qatar Islamic Bank and Qatari Germany Company for Medical Devices saw their stocks lose sheen.
Local retail investors’ net profit booking weakened considerably to QR27.01mn compared to QR107.25mn on December 5.
The GCC (Gulf Cooperation Council) institutions’ net selling declined to QR2.62mn against QR16.09mn on Monday.
However, domestic institutions’ net buying plunged to QR9.27mn compared to QR33.92mn the previous day.
Non-Qatari institutions’ net buying weakened perceptibly to QR21.19mn against QR87.25mn on December 5.
Non-Qatari individual investors turned net sellers to the tune of QR0.52mn compared with net buyers of QR2.04mn on Monday.
The GCC individual investors were also net profit takers to the extent of QR0.29mn against net buyers of QR0.17mn the previous day.
Total trade volume fell 39% to 7.72mn shares, value by 43% to QR191.58mn and deals by 15% to 2,881.
The industrials sector reported 76% plunge in trade volume to 0.45mn equities, 71% in value to QR32.01mn and 12% in transactions to 489.
The telecom sector’s trade volume plummeted 46% to 3.56mn stocks, value by 42% to QR40.38mn and deals by 17% to 490.
The market witnessed 27% shrinkage in the real estate sector’s trade volume to 1.46mn shares, 37% in value to QR31.38mn and 10% in transactions to 605.
The consumer goods sector’s trade volume declined 6% to 0.44mn equities, value by 63% to QR11.96mn and deals by 47% to 228.
There was 5% fall in the transport sector’s trade volume to 0.19mn stocks but on 7% rise in value to QR6.06mn. Transactions shrank 23% to 202.
However, the insurance sector’s trade volume soared 25% to 0.1mn shares, value by 14% to QR7.47mn and deals by 7% to 78.
The banks and financial services sector saw 11% expansion in trade volume to 1.53mn equities and 1% in value to QR62.31mn but on 3% fall in transactions to 789.
In the debt market, there was no trading of treasury bills and government bonds.
