The Qatar Stock Exchange Wednesday gained for the second consecutive day and its index added another 76 points, mainly lifted by the insurance and banking sectors.

Gulf Times

The foreign individuals were seen increasingly into net buying as the 20-stock Qatar Index rose 0.76% to 10,291.76 points.
The domestic institutions turned bullish in the main market, which regained from an intraday low of 10,240 points.
As much as 63% of the traded constituents extended gains in the main market, whose year-to-date losses truncated to 3.64%.
The foreign institutions’ weakened net selling had its influence on the main bourse, whose capitalisation added QR5.38bn or 0.89% to QR610.85bn, mainly on account of mid and small cap segments.
The Gulf institutions continued to be net buyers but with lesser intensity in the main market, which saw a total of 22,391 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR0.05mn changed hands across nine deals.
The local retail investors turned net profit takers in the main market, which saw no trading of sovereign bonds.
The Islamic index was seen declining slower than the main index in the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index shot up 0.75%, the All Share Index by 0.81% and the Al Rayan Islamic Index (Price) by 0.53% in the main bourse, whose trade turnover and volumes were on the increase.
The insurance sector index rose 1.2%, banks and financial services (1.06%), industrials (0.7%), telecom (0.6%), real estate (0.5%) and transport (0.35%); while the consumer goods and services were down 0.04%.
Major gainers in the main market included Lesha Bank, Inma Holding, Salam International Investment, Ezdan, Qatar Oman Investment, Industries Qatar, QNB, Qatar Insurance, Mazaya Qatar and Al Khaleej Takaful.
In the venture market, both Al Faleh Educational Holding and Al Mahhar Holding saw their shares appreciate in value.
Nevertheless, Qatari German Medical Devices, Mannai Corporation, Qatar National Cement, Qamco, Woqod and Barwa were among the shakers in the main market.
The foreign individuals’ net buying increased substantially to QR15.06mn compared to QR0.89mn on June 13.
The domestic institutions turned net buyers to the tune of QR9.3mn against net sellers of QR17.84mn on Tuesday.
The foreign institutions’ net profit booking decreased noticeably to QR28.79mn compared to QR40.87mn the previous day.
However, the Qatari individuals were net sellers to the extent of QR7.68mn against net buyers of QR5.46mn on June 13.
The Arab retail investors turned net profit takers to the tune of QR1.9mn compared with net buyers of QR6.55mn on Tuesday.
The Gulf individual investors were net sellers to the extent of QR1.83mn against net buyers of QR0.15mn the previous day.
The Gulf institutional investors’ net buying decreased considerably to QR15.83mn compared to QR45.65mn on June 13.
The Arab institutions had no major next exposure for the fourth straight session.
The main market saw a 56% surge in trade volumes to 252.96mn shares, 18% in value to QR558.81mn and 12% in deals to 19,001.
The volumes in the venture market doubled to 0.52mn equities and value more than doubled to QR1.22mn on 43% increase in transactions to 80.
Related Story