The domestic institutions were seen increasingly net buyers as the 20-stock Qatar Index rose 0.29% to 9,491.46 points, recovering from an intraday low of 9,465 points.
The industrials and insurance counters witnessed higher than average demand in the main market, whose year-to-date losses truncated further to 12.36%.
The foreign individuals were seen bullish in the main bourse, whose capitalisation added QR1.74bn or 0.32% to QR550.34bn on account of midcap segments.
The Gulf retail investors’ weakened net profit booking had its marginal influence in the main market, which saw 0.07mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.19mn trade across 24 deals.
However, the foreign funds were seen increasingly net sellers in the main bourse, which saw no trading of sovereign bonds.
The Gulf institutions were also increasingly bearish in the main market, which saw no trading of treasury bills.
The Islamic index was seen gaining slower than the main barometer in the main bourse, whose trade turnover grew amidst lower volumes.
The Total Return Index gained 0.29%, the All Share Index by 0.31% and the All Islamic Index by 0.24% in the main market.
The industrials sector index shot up 1.1%, insurance (0.51%), consumer goods and services (0.21%), telecom (0.13%) and banks and financial services (0.08%); while real estate declined 0.23% and transport was unchanged.
Major gainers in the main market included Industries Qatar, Al Meera, Meeza, Qatar Insurance, Lesha Bank and Qatari German Medical Devices.
Nevertheless, Qatar General Insurance and Reinsurance, Doha Insurance, Qatar Oman Investment, Gulf Warehousing and Alijarah Holding were among the losers in the main bourse. In the venture market, Al Mahhar Holding saw its shares depreciate in value.
The domestic institutions’ net buying increased drastically to QR113.55mn compared to QR71.68mn on June 4.
The foreign individual investors turned net buyers to the tune of QR1.77mn against net sellers of QR0.92mn the previous day.
The Gulf retail investors’ net profit booking eased marginally to QR0.05mn compared to QR0.07mn on Tuesday.
However, the foreign funds’ net selling strengthened significantly to QR73.36mn against QR49.55mn on June 4.
The Gulf institutions’ net profit booking expanded considerably to QR22.56mn compared to QR9.95mn the previous day.
The Qatari individual investors’ net selling shot up substantially to QR15.89mn against QR8.85mn on Tuesday.
The Arab retail investors’ net selling rose perceptibly to QR3.36mn compared to QR2.34mn on June 4.
The Arab institutions had no major net exposure for the fourth straight session.
Trade volumes in the main market were down 3% to 151.5mn shares, while value grew 3% to QR502.73mn despite 6% lower transactions at 17,321.
The venture market witnessed a 36% contraction in trade volumes to 0.07mn equities, 39% in value to QR0.11mn and 35% in deals to 11.