Buying interests, especially at the industrials, real estate and telecom counters, Wednesday led the Qatar Stock Exchange to gain 21 points.
The foreign funds were increasingly into net buying as the 20-stock Qatar Index gained 0.16% to 13,471.32 points, although it touched an intraday high of 13,540 points.
The Islamic index was seen gaining slower than the other indices in the market, which is up 15.87% year-to-date.
The Gulf institutions turned bullish in the bourse, whose capitalisation expanded more than QR1bn or 0.16% to QR758.89bn, mainly on the back of microcap segments.
The Arab funds were net buyers in the market, where the industrials and banking sectors together accounted for more than 66% of the trading volume.
The domestic funds were increasingly into net selling in the bourse, which saw a total of 45,100 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.53mn changed hands across 13 deals.
The local retail investors were increasingly into net profit booking in the market, which saw no trading of sovereign bonds.
Total trade value and volumes were on the decline in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.16% to 27,593.63 points, the All Share Index by 0.15% to 4,328.79 points and the Al Rayan Islamic Index (Price) by 0.07% to 2,861.57 points.
The industrials sector index rose 0.59%, telecom (0.47%), realty (0.37%) and banks and financial services (0.11%); while consumer goods and services declined 0.85%, insurance (0.36%) and transport (0.1%).
Major gainers in the main market included Qamco, United Development Company, Qatar Islamic Bank, Industries Qatar, Al Khaleej Takaful, Aamal Company, Gulf International Services and Ooredoo.
In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, QLM, Doha Insurance, Mannai Corporation, Zad Holding, Inma Holding, Masraf Al Rayan, Baladna, Qatar Electricity and Water and Vodafone Qatar were among the losers in the main market.
In the junior bourse, Mekdam Holding saw its shares depreciate in value.
The foreign funds’ net buying increased noticeably to QR188.89mn compared to QR161.67mn on May 10.
The Gulf institutions turned net buyers to the tune of QR15.85mn against net sellers of QR17.07mn the previous day.
The Arab funds were net buyers to the extent of QR2.42mn compared with net sellers of QR14.62mn on Tuesday.
However, the domestic funds’ net selling grew substantially to QR155.99mn against QR116mn on May 10.
Qatari individuals’ net profit booking shot up notably to QR56.72mn compared to QR28.31mn the previous day.
The Gulf individuals turned net sellers to the tune of QR1.46mn against net buyers of QR1.88mn on Tuesday.
The foreign individuals’ net buying weakened perceptibly to QR1.57mn compared to QR7.08mn on May 10.
The Arab individuals’ net buying shrank marginally to QR5.46mn against QR5.85mn the previous day.
Total trade volume in the main market fell 50% to 171.31mn shares, value by 25% to QR855.97mn and transactions by 11% to 25,626.
The consumer goods and services sector’s trade volume plummeted 78% to 36.54mn equities, value by 75% to QR71.27mn and deals by 51% to 1,609.
There was a a 74% plunge in the real estate sector’s trade volume to 7.25mn stocks, 64% in value to QR13.8mn and 44% in transactions to 588.
The industrials sector’s trade volume tanked 27% to 67.79mn shares, value by 23% to QR217.73mn and deals by 16% to 5,093.
The market witnessed a 14% shrinkage in the transport sector’s trade volume to 3.79mn equities but on a 14% increase in value to QR18.55mn and 34% in transactions to 620.
The banks and financial services sector’s trade volume was down 6% to 46.03mn stocks, while value gained 3% to QR499.61mn despite 1% lower deals at 16,209.
However, the insurance sector reported a 49% surge in trade volume to 5.16mn shares and 50% in value to QR12.96mn on more than doubled transactions to 411.
The telecom sector’s trade volume zoomed 34% to 4.74mn equities and value by 29% to QR22.04mn, whereas deals declined 16% to 1,096.
The venture market saw a 28.57% contraction in trade volumes to 0.15mn stocks, 6.09% in value to QR1.08mn and 28% in transactions to 72.
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