The local retail investors were seen increasingly into net buying as the 20-stock Qatar Index rose 0.08% to 10,211.22 points, recovering from an intraday low of 10,190 points.
The telecom, insurance, industrials, banking and consumer goods saw higher than average demand in the main market, whose year-to-date losses narrowed to 5.72%.
The foreign individuals were seen increasingly bullish in the main bourse, whose capitalisation was up QR0.39bn or 0.07% to QR589bn with microcap segments leading the pack of gainers.
The Arab retail investors turned net buyers in the main market, which saw as many as 5,180 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.01mn trade across three deals.
The Gulf institutions were seen net buyers, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen gaining slower than the other indices in the main market, which reported no trading of treasury bills.
The Total Return Index rose 0.19%, the All Share Index by 0.19% and the All Islamic Index by 0.09% in the main bourse, whose trade turnover and volumes were on the increase.
The telecom sector index shot up 1.2%, insurance (0.37%), industrials (0.34%), banks and financial services (0.27%) and consumer goods and services (0.2%); while transport and real estate declined 1.12% and 0.26% respectively.
Major movers in the main market included Mannai Corporation, Doha Insurance, Ooredoo, Qatar Electricity and Water, Al Meera, Qamco and Mesaieed Petrochemical Holding.
In the venture market, Al Mahhar Holding saw its shares appreciate in value.
Nevertheless, QLM, Dukhan Bank, Medicare Group, Nakilat, Qatar Oman Investment, Mazaya Qatar, Ezdan and Milaha were among the losers in the main bourse.
The local retail investors’ net buying increased considerably to QR17.5mn compared to QR2.11mn on March 20.
The foreign individual investors’ net buying grew markedly to QR2.38mn against QR0.36mn the previous day.
The Arab individuals turned net buyers to the tune of QR1.88mn compared with net sellers of QR0.94mn on Wednesday.
The Gulf institutions were net buyers to the extent of QR0.6mn against net profit takers of QR2.02mn on March 20.
However, the domestic institutions’ net selling expanded significantly to QR20.34mn compared to QR11.11mn the previous day.
The foreign institutions turned net sellers to the tune of QR1.89mn against net buyers of QR9.2mn on Wednesday.
The Arab institutions were net profit takers to the extent of QR0.11mn compared with no major net exposure on March 20.
The Gulf individuals turned net sellers to the tune of QR0.02mn against net buyers of QR0.53mn the previous day.
Trade volumes in the main market increased 17% to 136.03mn shares and value by 13% to QR386.85mn, while deals were down 2% to 13,592.
The venture market’s trade volumes were rather flat at 0.03mn equities, but saw 25% surge in value to QR0.05mn despite 33% lower transactions at 6.
