By Santhosh V. Perumal
Business Reporter

An across-the-board buying – especially in the consumer goods, real estate, industrials and insurance – on Tuesday reversed three days of bearish trend in Qatar Stock Exchange.
Buying support from local and Gulf Cooperation Council (GCC) retail investors lifted the 20-stock Qatar Index 0.34% to 11,943.5 points as trade volumes also grew.
Buying was seen intense in the small and large cap equities in the bourse, which is, however, down 2.79% year-to-date.
The index that tracks Shariah-principled stocks was seen gaining faster than the other indices in the market, where trading was skewed towards the real estate sector.
Market capitalisation rose 0.41% or about QR3bn to QR636.8bn with small, large and mid cap equities gaining 1.05%, 0.34% and 0.24% respectively; whereas micro caps fell 0.31%.
The Total Return Index was up 0.34% to 18,560.81 points, All Share Index by 0.39% to 3,196.66 points and Al Rayan Islamic Index by 0.57% to 4,603.46 points.
Consumer goods appreciated 1.42%, realty (0.52%), industrials (0.46%), insurance (0.4%), banks and financial services (0.21%), telecom (0.17%) and transport (0.08%).
More than 57% of the traded stocks extended gains with major movers being QNB, Industries Qatar, United Development Company, Barwa, Ezdan, Gulf International Services, Mesaieed Petrochemical Holding, Al Meera, Vodafone Qatar, Nakilat, Commercial Bank and Dlala.
However, QIIB, Gulf Warehousing and Qatari German Company for Medical Devices were seen bucking the trend.
Local retail investors turned net buyers to the tune of QR4.02mn against net sellers of QR1.07mn on Monday.
The GCC individual investors’ net buying surged to QR9.43mn compared to QR8.02mn the previous day.
The GCC institutions turned net buyers to the extent of QR1.75mn against net sellers of QR7.91mn on June 8.
However, domestic institutions turned net sellers to the tune of QR8.29mn compared with net buyers of QR0.57mn on Monday.
Non-Qatari individual investors were also net profit takers to the extent of QR6.75mn against net buyers of QR0.03mn the previous day.
Non-Qatari institutions turned net sellers to the tune of QR0.16mn compared with net buyers of QR0.37mn on June 8.
Total trade volume rose 19% to 4.15mn shares, value by 26% to QR203.28mn and deals by 14% to 3,201.
There was 86% surge in the industrials sector’s trade volume to 0.8mn equities, 69% in value to QR56.83mn and 3% in transactions to 904.
The transport sector’s trade volume soared 36% to 0.15mn stocks and value doubled to QR8.36mn on 9% jump in deals to 108.
The market witnessed 26% expansion in the consumer goods sector’s trade volume to 0.59mn shares, 51% in value to QR44.07mn and 62% in transactions to 647.
The banks and financial services sector’s trade volume increased 12% to 0.86mn equities, value by 10% to QR51.29mn and deals by 4% to 689.
The real estate sector saw 6% jump in trade volume to 1.25mn stocks but on 8% fall in value to QR32.06mn. There was 29% rise in transactions to 582.
However, the insurance sector’s trade volume plummeted 60% to 0.02mn shares, value by 60% to QR1.68mn and deals by 59% to 24.
Although the telecom sector’s trade volume was flat at 0.49mn equities, there was 5% fall in value to QR8.98mn and 1% in transactions to 247.
In the debt market, there was no trading of treasury bills and government bonds.