(MENAFN- Gulf Times)
Snapping four days of bearish spell, Qatar Stock Exchange gained a marginal 11 points, mainly on buying in the transport, realty and insurance stocks.
Domestic institutions turned bullish to lift the 20-stock Qatar Index 0.1% to 10,522.21 points amid fall in overall trading volumes.
There was also increased net buying interest from non-Qatari individual investors in the market, which is, however, down 14.35% year-to-date.
The index that tracks Shariah-principled stocks was however seen gaining relatively faster than the other indices in the bourse, where trading was largely skewed towards the banking, transport and industrials sectors, which together constituted more than 77% of the volume.
Market capitalisation was up 0.04% or QR24mn to QR552.96bn with micro and mid cap equities gaining 1.04% and 0.28%; while small and large caps fell 0.29% and 0.12% respectively.
The Total Return Index rose 0.1% to 16,355.27 points, All Share Index by 0.11% to 2,808.42 points and Al Rayan Islamic Index by 0.13% to 3,959.75 points.
Transport stocks gained 0.93%, real estate (0.77%), insurance (0.46%) and telecom (0.07%); whereas consumer goods fell 0.56%, industrials (0.17%) and banks and financial services (0.11%).
Major gainers included Gulf Warehousing, Milaha, United Development Company, Barwa, Ezdan, Vodafone Qatar, Doha Bank, Qatari Investors Group, Qatar Electricity and Water and Mesaieed Petrochemical Holding; even as Industries Qatar, Aamal Company, Gulf International Services, Nakilat and Qatar Islamic Bank bucked the trend.
Domestic institutions turned net buyers to the tune of QR38.98mn against net sellers of QR0.79mn on November 25.
Non-Qatari individual investors' net buying rose to QR3.14mn compared to QR2.46mn the previous day.
However, the GCC (Gulf Cooperation Council) institutions turned net sellers to the extent of QR12.03mn against net buyers of QR1.54mn on Wednesday.
Non-Qatari institutions' net profit booking increased to QR44.14mn compared to QR22.01mn on November 25.
The GCC individual investors' net selling strengthened to QR6.32mn against QR2.23mn the previous day.
Local retail investors' net buying weakened to QR20.38mn compared to QR21.03mn on Wednesday.
Total trade volume was down 4% to 3.82mn shares but value rose 10% to QR192.77mn and deals by 3% to 3,494.
The consumer goods sector saw 57% plunge in trade volume to 0.06mn equities but on 37% increase in value to QR5.21mn. Transactions fell 15% to 98.
The industrials sector's trade volume plummeted 42% to 0.67mn stocks, value by 15% to QR50.66mn and deals by 18% to 1,015.
There was 21% shrinkage in the telecom sector's trade volume to 0.26mn shares but on 17% expansion in value to QR11.98mn. Transactions were down 5% to 302.
The transport sector's trade volume tanked 19% to 0.79mn equities, value by 18% to QR23.72mn and deals by 37% to 333.
However, the insurance sector's trade volume almost tripled 0.08mn stocks and value grew more than five-fold to QR5.17mn on 87% jump in transactions to 56.
The banks and financial services sector reported 48% surge in trade volume to 1.49mn shares, 31% in value to QR84.18mn and 51% in deals to 1,441.
The real estate sector's trade volume shot up 31% to 0.47mn equities, value by 63% to QR11.84mn and transactions by 19% to 249.
In the debt market, there was no trading of treasury bills and government bonds.
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