A higher than average demand, especially at the telecom, insurance and transport counters, led the 20-stock Qatar Index to settle 0.21% higher at 9,686.86 points, although it touched an intraday high of 9,712 points.
The Arab individual investors were seen net buyers in the main market, whose year-to-date losses truncated further to 10.56%.
The foreign institutions’ weakened net selling pressure had its influence on the main bourse, whose capitalisation added QR1.24bn or 0.22% to QR562.71bn on the back of small cap segments.
The local retail investors’ lower net profit booking had its say on the main market, which saw 0.07mn 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 sovereign bonds and treasury bills.
The Islamic index was seen outperforming the other indices in the main bourse, whose trade turnover and volumes were on the decrease.
The Total Return Index gained 0.21%, the All Share Index by 0.24% and the All Islamic Index by 0.57% in the main market.
The telecom sector index shot up 2.1%, insurance (1.94%), transport (0.53%), industrials (0.22%) and real estate (0.03%); while consumer goods and services shrank 0.33% and banks and financial services 0.02%.
Major movers included Milaha, Al Khaleej Takaful, Ooredoo, Qatar Insurance, QLM, Dukhan Bank, Qamco, Doha Insurance and Vodafone Qatar.
Nevertheless, Nakilat, Ahlibank Qatar, Qatari Investors Group, Commercial Bank and Dlala were among the shakers in the main bourse.
The Arab individual investors turned net sellers to the extent of QR2.98mn against net buyers of QR1.1mn on June 13.
The foreign institutions’ net selling declined substantially to QR37.06mn compared to QR72.88mn last Thursday.
The Qatari individuals’ net selling weakened significantly to QR2.9mn against QR21.49mn the previous trading day.
The Gulf institutions’ net profit booking decreased noticeably to QR0.5mn compared to QR5.38mn on June 13.
The foreign individual investors’ net selling shrank markedly to QR1.27mn against QR5.35mn the last Thursday.
The Gulf individuals’ net profit booking eased perceptibly to QR0.29mn compared to QR2.36mn the previous trading day.
However, the domestic institutions’ net buying waned drastically to QR39.04mn against QR108.55mn on June 13.
The Arab institutions had no major net exposure for the 12th straight session.
Trade volumes in the main market shrank 39% to 92.87mn shares, value by 37% to QR312.56mn and transactions by 27% to 13,526.
