Buying interests, especially in the banking and industrials counters, on Sunday lifted the Qatar Stock Exchange for the second straight session.
Non-Qatari individuals and the Gulf funds turned bullish as the 20-stock Qatar Index settled 0.11% higher at 10,455.67 points.
The weakened selling pressure from domestic institutions also helped the market, whose key benchmark closed 1.52% higher year-to-date.
Market capitalisation gained more than QR1bn or 0.23% to QR577.56bn mainly owing to microcap segments.
Islamic equities were seen gaining slower than the other indices on the market, where the local retail investors turned profit takers.
Trade turnover and volumes were on the decline on the bourse, where the industrials and banking sectors together accounted for about 81% of the total volume.
The Total Return Index grew 0.11% to 19,239.32 points, Al Rayan Islamic Index (Price) by 0.06% to 2,386.84 points and All Share Index by 0.21% to 3,098.01 points.
The banks and financial services index gained 0.59%, insurance (0.3%) and industrials (0.09%); whereas realty declined 0.58%, transport (0.41%), telecom (0.2%) and consumer goods (0.19%).
More than 52% of the traded constituents extended gains with major movers being Commercial Bank, QNB, Alijarah Holding, Qatari German Company for Medical Devices, Qatar National Cement, Qatari Investors Group, Qatar General and Reinsurance and Mazaya Qatar; even as Doha Bank, Salam International Investment, Qatar Electricity and Water, Al Khaleej Takaful, Barwa, Ezdan, Vodafone Qatar and Milaha were among the losers.
Non-Qatari individuals turned net buyers to the tune of QR6.53mn against net sellers of QR1.56mn last Thursday.
The Gulf institutions were also net buyers to the extent of QR3.53mn compared with net sellers of QR28.44mn on June 27.
The Gulf individuals turned net buyers to the tune of QR2.06mn against net sellers of QR2.11mn.
Domestic institutions’ net profit booking eased influentially to QR1.23mn compared to QR36.69mn last Thursday.
However, local retail investors turned net sellers to the extent of QR21.66mn against net buyers of QR11.35mn on June 27.
Non-Qatari institutions’ net buying weakened considerably to QR10.77mn compared to QR57.39mn the previous trading day.
Total trade volume fell 12% to 51.21mn shares, value by 35% to QR288.69mn and transactions by 15% to 5,357.
There was a 60% plunge in the consumer goods sector’s trade volume to 5.85mn equities, 67% in value to QR12.05mn and 55% in deals to 427.
The transport sector’s trade volume plummeted 44% to 0.49mn stocks, while value grew 27% to QR28.67mn despite 37% lower transactions at 191.
The market witnessed 42% shrinkage in the real estate sector’s trade volume to 1.05mn shares, 48% in value to QR12.6mn and 51% in deals to 374.
The banks and financial services sector’s trade volume tanked 16% to 17.43mn equities, value by 65% to QR46.85mn and transactions by 44% to 1,140.
However, the insurance sector’s trade volume more than tripled to 0.95mn stocks and value more than quadrupled to QR27.39mn on 12% growth in deals to 177.
The telecom sector’s trade volume more than doubled to 1.65mn shares, value soared 38% to QR14.3mn and transactions by 17% 276.
The industrials sector saw 22% surge in trade volume to 23.8mn equities, 2% in value to QR56.82mn and 49% in deals to 2,772.
In the debt market, there was no trading of treasury bills and sovereign bonds.