(MENAFN- Gulf Times) Foreign institutions' buying interests and lower selling pressure from local retail investors helped Qatar Stock Exchange gain 26 points for the fourth consecutive day on Tuesday, but its key index failed to break the 12,000 resistance level.
Transport, telecom and banking stocks witnessed higher than average buying interests as the 20-stock Qatar Index gained another 0.22% to 11,964.45 points amid shrinkage in trade volumes.
Domestic and Gulf Cooperation Council (GCC) institutions' increased buying also lent support to the market, which is, however, down 2.62% year-to-date.
Large and mid equities witnessed buying interests in the bourse, where trading was largely skewed towards the real estate sector, whose stocks constituted about 53% of the overall trading volume.
Market capitalisation was up 0.24% or about QR1bn to QR634.21bn with large and mid cap equities gaining 0.27% and 0.22%; while micro and small caps melting 0.56% and 0.27% respectively.
The Total Return Index gained 0.22% to 18,597.02 points, All Share Index by 0.15% to 3,197.17 points and Al Rayan Islamic Index by 0.18% to 4,647.98 points.
Transport stocks appreciated 0.67%, telecom (0.46%), banks and financial services (0.26%) and industrials (0.21%); whereas insurance shrank 0.53%, consumer goods (0.25%) and realty (0.05%).
Major movers included Nakilat, Qatar Islamic Bank, Doha Bank, Gulf International Services, Aamal Company and Ooredoo; even as Commercial Bank, Dlala, Al Meera, Barwa, Vodafone Qatar and Qatar General Insurance and Reinsurance bucked the trend.
Non-Qatari institutions turned net buyers to the tune of QR2.25mn against net sellers of QR6.17mn on July 13.
The GCC institutions' net buying rose to QR9.4mn compared to QR8.38mn on Monday.
Domestic institutions' net buying increased to QR3.8mn against QR2.27mn the previous day.
Local retail investors' net profit booking weakened to QR11.46mn compared to QR22.83mn on July 13.
However, the GCC individual investors turned net sellers to the extent of QR0.82mn against net buyers of QR5.21mn on Monday.
Non-Qatari retail investors were also net profit takers to the tune of QR3.17mn compared with net buyers of QR13.14mn the previous day.
Total trade volume fell 41% to 3.08mn shares, value by 30% to QR133.67mn and deals by 22% to 2,113.
The telecom sector saw 68% plunge in trade volume to QR0.2mn equities, 76% in value to QR4.19mn and 36% in transactions to 119.
The consumer goods sector's trade volume plummeted 55% to 0.1mn stocks, value by 44% to QR6.35mn and deals by 36% to 150.
There was 46% shrinkage in the real estate sector's trade volume to 1.63mn shares, 37% in value to QR46.47mn and 46% in transactions to 469.
The industrials sector's trade volume tanked 37% to 0.41mn equities,
value by 40% to QR28.21mn and deals by 28% to 511.
The banks and financial services sector reported 7% fall in trade volume to 0.55mn stocks but there was 3% increase in value to QR37.93mn and 19% in transactions to 685.
However, the insurance sector's trade volume doubled to 0.08mn shares and value more than doubled to QR7.71mn on 59% expansion in deals to 100.
There was 38% surge in the transport sector's trade volume to 0.11mn equities, 30% in value to QR2.8mn and 58% in transactions to 79.
In the debt market, there was no trading of treasury bills and government bonds.
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