The foreign institutions turned bullish as the 20-stock Qatar Index rose 1.62% to 10,178.9 points, reflecting the optimism in the regional markets on gaining oil prices, ahead of the US Federal Reserve meeting.
The Gulf institutions were seen net buyers in the main market, whose year-to-date losses truncated to 4.7%.
More than 70% of the traded constituents extended gains in the main bourse, whose capitalisation added QR9.78bn or 1.67% to QR596.01bn with large cap segments gaining the most.
The Arab retail investors turned net buyers in the main market, which regained from an intraday low of 10,115 points.
However, the local retail investors were increasingly into net selling in the main bourse, which saw as many as 0.05mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.15mn trade across seven deals.
The domestic funds turned net profit takers in the main market, which saw no trading of sovereign bonds and treasury bills.
The Islamic index gained slower than the other indices in the main bourse, which witnessed no trading of treasury bills.
The Total Return Index shot up 1.62%, All Share Index by 1.48% and Al Rayan Islamic Index (Price) by 1.32% in the main bourse, whose trade turnover grew amidst lower volumes.
The industrials sector index zoomed 2.01%, banks and financial services (1.88%), real estate (1.24%), telecom (1.15%) and consumer goods and services (0.54%); while transport and insurance declined 0.77% and 0.37% respectively.
Major gainers in the main market included Industries Qatar, Ooredoo, QNB, Qatar Islamic Bank, Qatar Electricity and Water, Commercial Bank, Ezdan, Medicare Group, Baladna, Meeza, Qatar National Cement, QLM and Gulf Warehousing. In the venture market, Mahhar Holding saw its shares appreciate in value.
Nevertheless, Zad Holding, Milaha, Lesha Bank, Doha Bank and Qatari Investors Group were among the shakers in the main market. In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.
The foreign institutions turned net buyers to the tune of QR47.31mn compared with net sellers of QR18.06mn on November 14.
The Gulf institutions were net buyers to the extent of QR13.26mn against net profit takers of QR0.7mn the previous day.
The Arab individual investors turned net buyers to the tune of QR0.83mn compared with net sellers of QR2.76mn on Tuesday.
However, the local individuals’ net selling increased significantly to QR41.86mn against QR8.07mn on November 14.
The domestic funds were net sellers to the extent of QR14.79mn compared with net buyers of QR28.96mn the previous day.
The foreign retail investors turned net sellers to the tune of QR4.12mn against net buyers of QR0.32mn on Tuesday.
The Gulf individuals were net profit takers to the extent of QR0.63mn compared with net buyers of QR0.32mn on November 14.
The Arab institutions had no major net exposure for the ninth straight session.
Trade volumes in the main market fell 3% to 251.43n shares, while value grew 3% to QR656.79mn and deals by 8% to 22,171.
The venture market witnessed a 22% jump in trade volumes to 1.35mn equities, 34% jump in value to QR1.95mn and about 1% in transactions at 127.
