The Qatar Stock Exchange on Wednesday gained more than 47 points, on the back of buying interests, especially at the telecom and banking counters.The foreign funds were seen net buyers as the 20-stock Qatar Index rose 0.47% to 10,053.15 points, recovering from an intraday low of 10,002 points.The local retail investors’ weakened net selling had its influence on the main market, whose year-to-date losses truncated to 7.18%.About 59% of the traded constituents extended gains in the main bourse, whose capitalisation added QR2.67bn or 0.46% to QR580.01bn on the back of midcap segments.The Gulf institutions’ lower net profit booking had its say in the main market, which saw 0.06mn exchange traded funds (sponsored by Masraf Al Rayan) valued at QR0.14mn trade across 11 deals.The domestic institutions continued to be net buyers but with lesser intensity in the main bourse, which saw no trading of treasury bills and sovereign bonds.The Islamic index was seen gaining on par with the main barometer in the main bourse, whose trade turnover and volumes were on the decrease.The Total Return Index gained 0.47%, the All Share Index by 0.48% and the All Islamic Index by 0.47% in the main market.The telecom sector index shot up 1.1%, banks and financial services (0.67%), industrials (0.45%), consumer goods and services (0.27%), insurance (0.13%) and real estate (0.07%); while transport declined 0.3%.Major gainers in the main bourse included Zad Holding, Inma Holding, Mannai Corporation, Beema, Qatar National Cement, Qatar Islamic Bank, QIIB, Widam Food and Ooredoo.In the venture market, Al Mahhar Holding saw its shares appreciate in value.Nevertheless, Ahlibank Qatar, Milaha, Qatar Oman Investment, Qatar Electricity and Water and Medicare Group were among the losers in the main market. In the junior bourse, Techno Q saw its shares depreciate in value.The foreign institutions turned net buyers to the tune of QR1.22mn compared with net sellers of QR16.78mn on July 2.The Qatari individual investors’ net selling decreased substantially to QR7.36mn against QR27.52mn the previous day.The Gulf institutions’ net selling weakened noticeably to QR6.51mn compared to QR10.83mn on Tuesday.The Gulf individual investors’ net profit booking eased marginally to QR0.43mn against QR0.45mn on July 2.However, the Arab individuals were net sellers to the extent of QR5.25mn compared with net buyers of QR1.56mn the previous day.The foreign retail investors turned net seller to the tune of QR0.25mn against net buyers of QR0.71mn on Tuesday.The domestic institutions’ net buying shrank significantly to QR18.57mn compared to QR53.33mn on July 2.The Arab institutions had no major net exposure against net profit takers to the extent of QR0.01mn the previous day.Trade volumes in the main market declined 15% to 105.3mn shares, value by 12% to QR350.78mn and transactions by 8% to 14,669.The venture market saw a 97% shrinkage in trade volume to 0.29mn equities, 97% in value to QR0.53mn and 57% in deals to 34.