Buying support from local retail investors and institutions helped the 20-stock gain 0.24% to 9,791.65 points despite nervousness in the global oil markets, where prices hit three-week low on growing Brexit fears.
Telecom and realty stocks witnessed the maximum gains in the market, where trading turnover and volumes were on the decline.
Islamic stocks were seen gaining faster than the conventional ones in the bourse, which is down 6.11% year-to-date.
Small-caps witnessed brisk demand in the market, where banking, real estate and industrials stocks together constituted more than 79% of the total trading volume.
Market capitalisation was down 0.06%, or QR33mn, to QR529.08bn as mid, micro and large cap equities fell 0.49%, 0.25% and 0.19% respectively; even as small caps gained 0.75%.
The Total Return Index gained 0.24% to 15,842.23 points, the All Share Index by 0.1% to 2,730.75 points and the Al Rayan Islamic Index by 0.45% to 3,811.49 points.
Telecom stocks appreciated 1.14%, followed by realty (0.97%), consumer goods (0.2%) and industrials (0.12%); whereas banks and financial services fell 0.38%, insurance 0.3% and transport lost 0.04%.
Major gainers included Industries Qatar, Ezdan, Ooredoo, Qatar Islamic Bank, Mannai Corporation, Aamal Company, United Development Company and Alijarah Holding; even as QNB, Commercial Bank, Qatar First Bank, Al Khaliji, Dlala, Qatari Investors Group, Mesaieed Petrochemical Holding, Barwa and Vodafone Qatar bucked the trend.
Local retail investors turned net buyers to the tune of QR3.67mn against net sellers of QR1.49mn on June 15.
Domestic institutions’ net buying increased to QR3.83mn compared to QR0.24mn the previous day.
GCC (Gulf Cooperation Council) individual investors turned net buyers to the extent of QR0.49mn against net sellers of QR3.37mn on Wednesday.
Non-Qatari individual investors’ net selling weakened to QR2.45mn compared to QR5.81mn on June 15.
However, non-Qatari institutions turned net sellers to the tune of QR4.38mn against net buyers of QR5.54mn the previous day.
GCC institutions were also net profit takers to the extent of QR1.13mn compared with net buyers of QR4.91mn on Wednesday.
Total trade volume fell 18% to 3.66mn shares, value by 17% to QR134.83mn and deals by 31% to 1,752.
There was a 68% plunge in the consumer goods sector’s trade volume to 0.06mn equities, 28% in value to QR3.71mn and 36% in transactions to 104.
The telecom sector’s trade volume plummeted 68% to 0.31mn stocks, value by 55% to QR7.42mn and deals by 58% to 123.
The market witnessed a 61% shrinkage in the industrials sector’s trade volume to 0.58mn shares, 45% in value to QR26.12mn and 52% in transactions to 463.
However, the insurance sector’s trade volume more than doubled to 0.09mn equities and value almost tripled to QR6.19mn on an 8% rise in deals to 77.
The real estate sector’s trade volume soared 83% to 0.64mn stocks and value by 85% to QR12.32mn, but transactions were down 6% to 216.
The banks and financial services sector saw a 42% increase in trade volume to 1.68mn shares but on a 6% fall in value to QR70.64mn and 7% in deals to 616.
The transport sector’s trade volume expanded 11% to 0.31mn equities, while value shank 7% to QR8.41mn and transactions by 14% to 153.
In the debt market, there was no trading of treasury bills and government bonds.