The Qatar Stock Exchange Wednesday gained another 30 points and its key index inched near 12,700 levels, mainly on the back of buying interests in the telecom and insurance sectors.
The local retail investors were seen net buyers as the 20-stock Qatar Index rose 0.24% to 12,663.89 points, recovering from an intraday low of 12,586 points.
The Arab individuals were increasingly net buyers in the market, whose year-to-date gains improved further to 8.93%.
The Gulf retail investors turned bullish in the main bourse, whose capitalisation saw QR1.98bn or 0.28% increase to QR706.6bn, mainly on the back of small and midcap segments.
The Islamic index was seen gaining faster than the other indices in the market, which saw a total of 0.15mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.49mn changed hands across 10 deals.
Trade turnover volumes were seen declining in the main market, while the junior bourse saw increased trade turnover and volumes.
The foreign funds continued to be net buyers but with lesser intensity in the bourse, which saw no trading of sovereign bonds.
The foreign individuals turned net profit takers in the main market, which saw no trading of treasury bills.
The Total Return Index grew 0.24% to 25,939.75 points, the All Share Index by 0.26% to 4,035.34 points and the Al Rayan Islamic Index (Price) by 0.29% to 2,793.48 points.
The telecom sector index shot up 1.04%, insurance (0.75%), consumer goods and services (0.58%), transport (0.39%) and banks and financial services (0.36%); while real estate declined 0.76% and industrials (0.19%).
Major gainers in the main market included QLM, Qatar Oman Investment, QIIB, Al Khaleej Takaful, Inma Holding, Woqod, Qatari Investors Group, Mesaieed Petrochemical Holding, Mazaya Qatar, Ooredoo, Gulf Warehousing and Milaha.
In the venture market, Mekdam Holding saw its shares appreciate in value.
Nevertheless, Qatar Industrial Manufacturing, Baladna, Qatari German Medical Devices, United Development Company and Commercial Bank were among the losers in the main market.
The local retail investors turned net buyers to the tune of QR6.13mn compared with net sellers of QR3.59mn on November 8.
The Arab retail investors’ net buying increased perceptibly to QR2.15mn against QR0.69mn the previous day.
The Gulf individuals were net buyers to the extent of QR1.31mn compared with net sellers of QR1.87mn on Tuesday.
The domestic institutions’ net profit booking weakened markedly to QR43.16mn against QR52.55mn on November 8.
The Gulf institutions’ net selling decreased perceptibly to QR18.52mn compared to QR21.06mn the previous day.
However, the foreign individuals turned net profit takers to the extent of QR1.91mn against net buyers of QR1.11mn on Tuesday.
The foreign institutions’ net buying decreased substantially to QR54mn compared to QR77.27mn on November 8.
The Arab institutions had no major net exposure for the second straight session.
Total trade volume in the main market declined 32% to 105.03mn shares, value by 24% to QR426.92mn and deals by 19% to 15,743.
The venture market saw trade volumes more than double to 0.09mn equities and value double to QR0.68mn on 38% jump in transactions to 40.