Buying interests, especially in the banking, telecom and insurance counters lifted the 20-stock Qatar Index 0.28% to 9,631.6 points, recovering from an intraday low of 9,607 points.
The Arab retail investors turned bullish in the main market, whose year-to-date losses truncated further to 11.07%.
As much as 55% of the traded constituents extended gains in the main bourse, whose capitalisation added QR2.63bn or 0.47% to QR560.05bn on the back of microcap segments.
The foreign institutions’ weakened net selling had its influence in the main market, which saw 0.02mn exchange traded funds (sponsored by Doha Bank) valued at QR0.14mn trade across 10 deals.
The Gulf institutions’ lower net profit booking also had its say in the main bourse, which saw no trading of sovereign bonds.
The domestic funds continued to be net buyers but with lesser intensity in the main market, which saw no trading of treasury bills.
The Islamic index was seen declining vis-à-vis gains in the other indices in the main bourse, whose trade turnover and volumes were on the increase.
The Total Return Index gained 0.28% and the All Share Index by 0.36%, while the All Islamic Index was down 0.01% in the main market.
The banks and financial services sector index rose 0.73%, telecom (0.41%), insurance (0.35%), industrials (0.13%) and consumer goods and services (0.02%); while transport and realty declined 0.58% and 0.22% respectively.
Major movers included Widam Food, Qatari German Medical Devices, Ahlibank Qatar, Mannai Corporation, QNB and Ezdan. In the venture market, Al Mahhar Holding saw its shares appreciate in value.
Nevertheless, Milaha, Qatari Investors Group, Al Khaleej Takaful, Al Meera, Qatar General Insurance and Reinsurance, Lesha Bank and Mesaieed Petrochemical Holding were among the losers in the main bourse.
The Arab individuals were net buyers to the tune ofQR3.21mn compared with net sellers of QR7.03mn on June 11.
The foreign institutions’ net selling declined noticeably to QR12.01mn against QR20.8mn the previous day.
The Gulf institutions’ net profit booking eased markedly to QR4.99mn compared to QR5.67mn on Monday.
However, the Qatari individuals’ net selling grew perceptibly to QR14.12mn against QR12.02mn on June 10.
The foreign individuals turned net sellers to the extent of QR0.31mn compared with net buyers of QR0.65mn the previous day.
The Gulf retail investors’ net profit booking grew marginally to QR0.14mn against QR0.01mn on Monday.
The domestic institutions’ net buying decreased substantially to QR28.35mn compared to QR44.88mn on June 10.
The Arab institutions had no major net exposure for the ninth straight session.
Trade volumes in the main market were up 9% to 165.05mn shares, value by 4% to QR408.22mn and transactions by 2% to 14,943.
In the venture market, trade volumes more than doubled to 0.13mn equities and value doubled to QR0.2mn on 77% jump in deals to 23.