The Qatar Stock Exchange Tuesday gained 46 points, mainly lifted by the transport and telecom equities.
The domestic funds were seen net buyers as the 20-stock Qatar Index rose 0.37% to 12,263.01 points, recovering from an intraday low of 12,147 points.
The Gulf institutions turned bullish in the market, whose year-to-date gains were at 5.48%.
The Arab funds were seen net buyers in the bourse, whose capitalisation saw more than QR1bn or 0.23% decrease to QR683.23bn, mainly on the back of midcap segments.
The Islamic index was seen gaining faster than the other indices in the market, where the industrials and banking sectors together constituted about 69% of the total trading volume.
The foreign institutions continued to bet net buyers but with lesser intensity in the bourse, which saw a total of 0.02mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.15mn changed hands across 11 deals.
The local retail investors were increasingly into net profit booking in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the higher side in the bourse, which saw no trading of treasury bills.
The Total Return Index gained 0.37% to 25,118.63 points, the All Share Index by 0.04% to 3,922.06 points and the Al Rayan Islamic Index (Price) by 0.59% to 2,663.26 points.
The transport sector index shot up 1.79%, telecom (1.03%) and banks and financial services (0.21%); whereas consumer goods and services declined 0.79%, realty (0.63%), industrials (0.57%) and insurance (0.27%).
Major gainers in the main market included QIIB, Qatar Islamic Bank, Milaha, Doha Insurance, Ooredoo, Barwa and Nakilat. In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, about 73% of the traded constituents were in the red with major shakers being Estithmar Holding, Qamco, Qatari German Medical Devices, Al Khaleej Takaful, Salam International Investment, QNB, Commercial Bank, Doha Bank, Inma Holding, Mannai Corporation, Baladna, Qatar Electricity and Water and QLM. In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The domestic funds turned net buyers to the tune of QR5.74mn compared with net sellers of QR9.24mn on July 4.
The Gulf institutions were net buyers to the extent of QR5.62mn against net sellers of QR24.16mn the previous day.
The Arab institutions turned net buyers to the tune of QR1.34mn compared with net sellers of QR0.31mn on Monday.
However, the Qatari individuals’ net buying increased noticeably to QR29.65mn against QR19.4mn on July 4.
The Arab individuals’ net selling zoomed markedly to QR6.94mn compared to QR2.2mn the previous day.
The foreign individuals were net sellers to the extent of QR1.5mn against net buyers of QR1.32mn on Monday.
The foreign funds’ net buying declined significantly to QR25.2mn compared to QR53.09mn on July 4.
The Gulf individuals’ net buying weakened marginally to QR0.2mn against QR0.9mn the previous day.
Total trade volume in the main market rose 9% to 100.99mn shares and value by 9% to QR350.53mn, while transactions shrank 12% to 11,751.
The telecom sector’s trade volume more than doubled to 3.32mn equities, whereas value declined 23% to QR7.37mn and deals by 18% to 362.
The industrials sector reported a 39% surge in trade volume to 47.95mn stocks, 17% in value to QR111.59mn and 22% in transactions to 3,266.
The consumer goods and services sector’s trade volume soared 31% to 11.49mn shares and value by 13% to QR21.35mn, while deals were down 1% to 859.
The market witnessed a 26% expansion in the transport sector’s trade volume to 4.78mn equities, 21% in value to QR30.92mn and 32% in transactions to 1,544.
The banks and financial services sector’s trade volume was up 1% to 21.28mn stocks and value by 11% to QR159.37mn, whereas deals shrank 31% to 4,899.
However, there was a 37% plunge in the real estate sector’s trade volume to 11.32mn shares, 31% in value to QR17.49mn and 32% in transactions to 362.
The insurance sector’s trade volume declined 10% to 0.85mn equities, while value shot up 9% to QR2.44mn and deals by 7% to 105.
In the venture market, trade volumes more than tripled to 0.37mn stocks and value tripled to QR1.74mn on almost doubled transactions to 110.