The Qatar Stock Exchange saw six of the seven sectors under bearish spell, yet it settled in the positive terrain on Sunday.
Both domestic funds and local retail investors were increasingly net buyers as the 20-stock Qatar Index gained 0.24% to 9,340.69 points.
However, Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF declined 2.64% and 0.65% respectively.
Islamic stocks were seen gaining slower than the other indices in the market, which reported 9.59% gains year-to-date.
However, the Gulf and non-Qatari funds were increasingly bearish on the bourse, whose capitalisation rose 0.17% to QR509.15bn, mainly on account of large and microcaps.
Trade turnover and volumes were on the decline on the market, where banking, telecom and transport sectors together accounted for more than 68% of the total volume.
The Total Return Index gained 0.24% to 16,457.26 points, All Share Index by 0.1% to 2,694.87 points and Al Rayan Islamic Index (Price) by 0.16% to 2,293.12 points.
The banks and financial services index increased 0.61%; while telecom declined 0.54%, realty (0.53%), consumer goods (0.52%), transport (0.18%), industrials (0.15%) and insurance (0.11%).
Major gainers included Gulf Warehousing, QNB, Qatar Islamic Bank, Dlala, Islamic Holding Group, Zad Holding, Industries Qatar and Mazaya Qatar; whereas Aamal Company, Woqod, Mannai Corporation, Gulf International Services, Qatar Insurance, Ezdan, Vodafone Qatar, Ooredoo and Nakilat were among the losers.
Domestic institutions’ net buying increased influentially to QR6.92mn against QR2.86mn the previous day.
Local retail investors’ net buying also strengthened perceptibly to QR6.37mn compared to QR4.63mn on July 12.
Non-Qatari individual investors turned net buyers to the tune of QR1.44mn against net sellers of QR1.81mn last Thursday.
The Gulf individual investors’ net buying rose marginally to QR0.23mn compared to QR0.21mn the previous day.
However, the Gulf institutions’ net profit booking grew considerably to QR9.2mn against QR0.7mn on July 12.
Non-Qatari institutions’ net selling also expanded marginally to QR5.78mn compared to QR5.18mn last Thursday.
Total trade volume fell 38% to 4.82mn shares, value by 33% to QR109.34mn and transactions by 38% to 1,818.
The telecom sector’s trade volume plummeted 61% to 1.03mn equities and value by 39% to QR16.03mn, while deals expanded 86% at 464.
The industrials sector reported 40% plunge in trade volume to 0.49mn stocks, 39% in value to QR13.37mn and 49% in transactions to 332.
The banks and financial services sector’s trade volume tanked 38% to 1.22mn shares, value by 53% to QR28.42mn and deals by 58% to 354.
There was 33% shrinkage in the real estate sector’s trade volume to 0.59mn equities, 39% in value to QR7.51mn and 54% in transactions to 231.
The consumer goods sector’s trade volume declined 30% to 0.14mn stocks, value by 15% to QR14.41mn and deals by 30% to 154.
The transport sector saw 4% fall in trade volume to 1.03mn shares but on 3% growth in value to QR18.42mn despite 19% lower transactions at 194.
However, the insurance sector’s trade volume shot up 52% to 0.32mn equities and value by 58% to QR11.18mn; while deals contracted 60% to 89.
In the debt market, there was no trading of treasury bills and sovereign bonds.