The Gulf funds were seen increasingly into net buying as the 20-stock Qatar Index rose 0.89% to 10,272.32 points.
The market, which was skewed towards movers, saw the index regain from an intraday low of 10,208 points.
The foreign institutions’ increased net buying had its influence in the main market, whose year-to-date losses narrowed further to 3.83%.
The foreign retail investors’ lower net selling also had its say in the main bourse, whose capitalisation added QR7.33bn or 1.24% to QR597.77bn, mainly on account of mid and small cap segments.
However, the Arab individuals were seen bearish in the main market, which saw a total of 0.22mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.51mn changed hands across 65 deals.
The local retail investors were seen net sellers, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen outperforming the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index gained 0.89%, All Share Index by 0.94% and Al Rayan Islamic Index (Price) by 0.99% in the main bourse, whose trade turnover increased amidst lower volumes.
The telecom sector index shot up 4.23%, real estate (2.66%), banks and financial services (0.93%), transport (0.82%) and industrials (0.54%); while consumer goods and services declined 0.07% and insurance (0.03%).
About 48% of the traded constituents in the main market extended gains with major movers being Beema, Ooredoo, Alijarah Holding, Al Khaleej Takaful, Qatar General Insurance and Reinsurance, QNB, Baladna, Industries Qatar, Mesaieed Petrochemical Holding, Barwa, Mazaya Qatar, Ezdan and Milaha. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
Nevertheless, Inma Holding, Widam Food, Mekdam Holding, Estithmar Holding, Mannai Corporation, Qatari German Medical Devices, Qamco and Nakilat were among the losers in the main market.
The Gulf institutions’ net buying increased substantially to QR30.65mn compared to QR5.49mn on April 30.
The foreign funds’ net buying strengthened significantly to QR10.04mn against QR3.73mn the previous day.
The domestic institutions’ net selling decreased perceptibly to QR36.56mn compared to QR39.3mn on Sunday.
The foreign individuals’ net profit booking weakened marginally to QR0.39mn against QR0.98mn on April 30.
However, the Arab individuals turned net sellers to the tune of QR3.26mn compared with net buyers of QR11.43mn the previous day.
The local retail investors were net sellers to the extent of QR0.35mn against net buyers of QR19.72mn on Sunday.
The Gulf retail investors’ net profit booking rose marginally to QR0.15mn compared to QR0.01mn on April 30.
The Arab institutions had no major net exposure against net sellers to the tune of QR0.06mn the previous day.
The main market saw a 19% contraction in trade volumes to 193.11mn shares but on 8% jump in value to QR496.55mn and 35% in deals to 18,649.
