By Santhosh V. Perumal/Business Reporter

The bullish momentum was sustained in the Qatar Stock Exchange for the second day on Monday and its key index surpassed the 11,700 mark, mainly on buying interests in the insurance and realty sectors.
Both non-Qatari and Gulf institutions turned bullish as the 20-stock Qatar Index rose 0.67% to 11,721.9 points on higher overall trade volumes.
The lower selling pressure from domestic institutions also helped sustain the positive run in the market, which is however down 4.59% year-to-date.
The index that tracks Shariah-principled stocks was seen gaining faster than the other indices in the bourse, where trading was largely skewed towards the real estate, banking and industrials sectors, which together constituted about 77% of the volume.
Market capitalisation gained 0.52% or more than QR3bn to QR613.96bn with mid, micro, small and large cap equities gaining 0.71%, 0.58%, 0.55% and 0.32% respectively.
The Total Return Index rose 0.67% to 18,220.01 points, All Share Index by 0.63% to 3,114.32 points and Al Rayan Islamic Index by 0.74% to 4,446.22 points.
Insurance stocks appreciated 2.37%, realty (1.35%), banks and financial services (0.47%), telecom (0.43%), transport (0.26%), industrials (0.18%) and consumer goods (0.07%).
Major gainers included Industries Qatar, Qatar National Cement, Ezdan, United Development Company, Mazaya Qatar, Ooredoo, Gulf Warehousing, Qatar Islamic Bank, al khaliji, Dlala and Islamic Holding Group; even as Commercial Bank, Gulf International Services and Vodafone Qatar bucked the trend.
Non-Qatari institutions turned net buyers to the extent of QR32.3mn compared with net sellers of QR0.07mn on October 25.
The GCC (Gulf Cooperation Council) institutions were also net buyers to the tune of QR8.44mn against net sellers of QR2.83mn on Sunday.
Domestic institutions’ net profit booking weakened to QR14.38mn compared to QR31.87mn the previous day.
However, local retail investors turned net sellers to the extent of QR24.15mn against net buyers of QR25.91mn on October 25.
Non-Qatari individual investors’ net profit booking increased to QR7.6mn compared to QR0.85mn on Sunday.
The GCC individual investors’ net buying weakened to QR5.39mn against QR9.7mn the previous day.
Total trade volume rose 25% to 6.14mn shares and value by 73% to QR289.97mn (excluding rights to subscribe in the rights issue) on more than doubled deals to 4,566.
The insurance sector’s trade volume almost tripled to 0.08mn equities and value more than quadrupled to QR7.46mn on more than tripled transactions to 133.
The industrials sector’s trade volume more than doubled to 1.13mn stocks and value almost tripled to QR83.41mn on 96% jump in deals to 988.
The banks and financial services sector’s trade volume more than doubled to 1.52mn shares and value more than tripled to QR110.8mn on almost quadrupled transactions to 1,673.
The real estate sector’s trade volume almost doubled to 2.05mn equities and value more than doubled to QR48.12mn on more than doubled deals to 769.
There was 5% increase in the consumer goods sector’s trade volume to 0.23mn stocks but on 35% fall in value to QR9.72mn and 20% in transactions to 191.
However, the transport sector’s trade volume plummeted 70% to 0.47mn shares, value by 70% to QR16.21mn and deals by 27% to 368.
The telecom sector saw 27% shrinkage in trade volume to 0.66mn equities; while value was up 2% to QR14.24mn and transactions more than doubled to 444.
In the debt market, there was no trading of treasury bills and government bonds.