The Qatar Stock Exchange was back on the positive trajectory, gaining 41 points to inch near 9,000 levels, mainly lifted by insurance, transport and industrials equities.
Domestic funds’ buying interests drove the 20-stock Qatar Index up 0.46% to 8,922.52 points.
Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF, however, saw 0.6% and 0.11% declines respectively.
Islamic stocks were seen gaining slower than the main index in the market, which is up 4.68% year-to-date.
However, local and non-Qatari retail investors as well as Gulf institutions turned net sellers in the bourse, whose capitalisation rose 0.38% to QR488.86bn mainly due to large cap stocks.
Trade turnover and volumes were on the decline in the market, where banking and real estate sectors together accounted for more than 60% of the total volume.
The Total Return Index grew 0.46% to 15,720.49 points, the All Share Index by 0.25% to 2,594.04 points and the Al Rayan Islamic Index (Price) by 0.17% to 2,185.21 points.
The insurance index gained 1.4%, followed by transport (1.03%), industrials (0.98%), telecom (0.34%) and banks and financial services (0.3%); whereas realty and consumer goods declined 1.81% and 0.02% respectively.
More than 51% of the stocks extended gains with major movers being Qatar Insurance, Industries Qatar, Ooredoo, Milaha, Qatar National Cement, Commercial Bank, Ahlibank, Masraf Al Rayan and Medicare Group.
Nevertheless, Qatar Islamic Bank, Qatari Investors Group, Mesaieed Petrochemical Holding, Ezdan, Mazaya Qatar, Barwa, United Development Company and Vodafone Qatar were among the losers.
Domestic institutions turned net buyers to the tune of QR29.15mn against net profit takers of QR31.41mn on June 20.
Non-Qatari institutions’ net selling weakened marginally to QR17.93mn compared to QR19.52mn on Wednesday.
However, the Gulf institutions turned net sellers to the extent of QR5.06mn against net buyers of QR3.66mn the previous day.
Non-Qatari individual investors were also net sellers to the tune of QR4.5mn compared with net buyers of QR5.47mn on June 20.
Gulf individuals turned net profit-takers to the extent of QR0.9mn against net buyers of QR0.31mn on Wednesday.
Local individuals were net sellers to the tune of QR0.76mn compared with net buyers of QR41.49mn the previous day.
Total trade volume fell 34% to 4.96mn shares, value by 48% to QR204.69mn and transactions by 44% at 3,238.
The banks and financial services sector’s trade volume plummeted 41% to 1.86mn equities, value by 48% to QR125.43mn deals by 39% to 1,370.
The consumer goods sector reported a 38% plunge in trade volume to 0.08mn stocks, 48% in value to QR6.37mn and 55% in transactions to 122.
The real estate sector’s trade volume tanked 37% to 1.14mn shares, value by 13% to QR19.34mn and deals by 36% to 545.
The market witnessed a 36% shrinkage in the transport sector’s trade volume to 0.63mn equities, 40% in value to QR12.06mn and 48% in transactions to 228.
The industrials sector’s trade volume shrank 22% to 0.66mn stocks, value by 66% to QR25.32mn and deals by 57% to 512.
There was a 15% decline in the insurance sector’s trade volume to 0.22mn shares, 16% in value to QR7.86mn and 33% in transactions to 213.
However, the telecom sector’s trade volume grew 3% to 0.37mn equities, while value fell 40% to QR8.32mn and deals by 46% to 248.
In the debt market, there was no trading of treasury bills and sovereign bonds.
