The buying interest from local retail investors yesterday lifted the Qatar Exchange by 0.59% to inch near the 8,600 level, after two days of a losing run.
Led by Masraf Al Rayan, QNB and Industries Qatar, the 20-stock benchmark rose 51 points to 8,579.97 points.
The market is down 1.17% year-to-date.
Maximum buying was seen in the industrial sector, whose group index rose 1.35%, followed by banks (0.63%) and services (0.23%), while that of insurance was unchanged.
Market capitalisation was up 0.56% or more than QR2bn to QR450.38bn with large, micro and mid cap equities gaining 0.72%, 0.29% and 0.19% respectively. Small caps fell 0.01%.
Of the 42 stocks, 22 advanced, while 12 declined, three were unchanged and five were not traded.
Qatari individual investors continued to be profit-takers, but with much lesser intensity, as their net selling sunk to 4.27% from 5.30% the previous day.
A higher 45.79% of them purchased equities compared to 37.73% on Tuesday although a higher 50.06% sold against 43.03%.
Non-Qatari retail investors’ bearish grip strengthened as their net selling surged to 4.37% from 0.52% the previous day.
A marginally lower 11.94% of them were into buying against 11.96% on Tuesday whereas a higher 16.31% were into offloading compared to 12.48%.
Foreign institutions’ bearish grip considerably eased as their net selling plunged to 1.17% from 13.07% the previous day.
A marginally higher 12.63% of them were into buying compared to 11.15% on Tuesday while a much lower 13.80% were into selling against 24.22%.
Domestic institutions continued to be bullish, but with lesser vigour, as their net buying sunk to 9.80% from 18.89% the previous day.
A much lower 29.63% of them bought equities against 39.16% on Tuesday and a marginally lower 19.83% of them sold compared to 20.27%.
Total trading volume shrank 23% to 6.16mn equities and value by 18% to QR225.41mn while deals rose 7% to 3,842.
The services sector’s trading volume plummeted 38% to 2.68mn shares, value by 35% to QR78.38mn and transactions by 21% to 1,701.
Banks’ trading volume plunged 25% to 2.23mn shares and value by 9% to QR96.52mn whereas deals rose 38% to 1,275.
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