The Qatar Stock Exchange witnessed strong buying interests in transport and telecom sectors and its key index gained more than 26 points Tuesday.
Foreign institutions were seen bullish as the 20-stock Qatar Index gained 0.25% or 26 points for the second straight session to 10,430.42 points.
The Gulf institutions were also seen marginally bullish on the market, whose key benchmark shot up 1.28% year-to-date.
Market capitalisation saw QR61mn or 0.11% increase to QR576.04bn mainly owing to microcap segments.
Islamic equities were seen gaining slower than the other indices in the market, where local retail investors were increasingly bearish.
Trade turnover and volumes were on the decline on the bourse, where banking and industrials sectors together accounted for about 69% of the total volume.
The Total Return Index gained 0.25% to 19,192.86 points, All Share Index by 0.32% to 3,073.22 points and Al Rayan Islamic Index (Price) by 0.17% to 2,347.53 points.
The transport index soared 1.92%, telecom (1.22%) and banks and financial services (0.54%); while realty declined 0.97%, insurance (0.39%), industrials (0.21%) and consumer goods (0.16%).
Major gainers included Milaha, Nakilat, Gulf Warehousing, Vodafone Qatar, Ooredoo, Al Khaleej Takaful, Qatar Electricity and Water, Gulf International Services, Al Meera, Masraf Al Rayan and Al Khaliji; even as Ahlibank Qatar, Medicare Group, Qatar Oman Investment, Mesaieed Petrochemical Holding, Barwa, Mazaya Qatar and Ezdan were among the losers.
Non-Qatari institutions turned net buyers to the tune of QR51.07mn compared with net sellers of QR29.95mn on October 14.
The Gulf institutions were net buyers to the extent of QR0.5mn against net profit takers of QR2.27mn the previous day.
However, local retail investors’ net selling enhanced significantly to QR69.19mn compared to QR35.92mn on Monday.
Non-Qatari individuals turned net sellers to the tune of QR3.01mn against net buyers of QR0.33mn on October 14.
The Gulf individuals were net profit takers to the extent of QR0.83mn compared with net buyers of QR0.3mn the previous day.
Domestic funds’ net buying weakened substantially to QR21.49mn against QR67.48mn on Monday.
Total trade volume fell 36% to 64.4mn shares, value by 16% to QR276.21mn and transactions by 29% to 4,454.
The insurance sector’s trade volume plummeted 70% to 1.73mn equities, value by 68% to QR4.42mn and deals by 56% to 164.
The consumer goods sector reported 62% plunge in trade volume to 4.99mn stocks, 36% in value to QR13.66mn and 50% in transactions to 373.
The real estate sector’s trade volume tanked 53% to 7.61mn shares, value by 73% to QR8.28mn and deals by 35% to 325.
The banks and financial services sector saw 29% shrinkage in trade volume to 31.17mn equities, 9% in value to QR199.52mn and 15% in transactions to 2,094.
The industrials sector’s trade volume shrank 26% to 13.07mn stocks, whereas value grew 7% to QR30.69mn despite 26% lower deals at 916.
There was 25% decline in the transport sector’s trade volume to 2.67mn shares, 13% in value to QR8.51mn and transactions by 35% to 266.
However, the telecom sector’s trade volume more than doubled to 3.16mn equities and value soared 59% to QR11.15mn but on 39% contraction in deals to 316.
In the debt market, there was no trading of treasury bills and sovereign bonds.