Qatar Stock Exchange on Monday remained under marginally bullish spell for the fifth consecutive day and its key index added another 20 points, mainly on the back of industrials, realty and banking stocks.

Weakened selling pressure from local and Gulf retail investors helped the 20-stock gain 0.2% to 9,825.25 points as global oil prices also recovered on easing Brexit fears and weakening dollar.

Demand was seen for micro, small and midcap equities in the market, which saw higher trade turnover and volumes.

A marginally higher buying support from Gulf institutions also helped the bourse, which is however down 5.79% year-to-date.

However, buying interests of domestic and foreign institutions were seen weakening in the market, where banking, industrials and real estate stocks together constituted about 85% of the total trading volume.

Market capitalisation rose 0.28% or more than QR1bn to QR531.91bn as micro, small, mid and large cap equities gained 0.69%, 0.27%, 0.25% and 0.18% respectively.

The Total Return Index was up 0.2% to 15,896.61 points, All Share Index by 0.24% to 2,740.65 points and Al Rayan Islamic Index by 0.23% to 3,815.69 points.

Industrials stocks appreciated 0.55%, realty (0.37%), banks and financial institutions (0.29%) and consumer goods (0.14%); whereas telecom, transport and insurance fell 0.7%, 0.26% and 0.17% respectively.

About 61% of the stocks extended gains with major movers being Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Barwa, Ezdan, Mazaya Qatar, QNB, Doha Bank, Dlala, Alijarah Holding and Widam Food; even as Ooredoo, Vodafone Qatar and Commercial Bank were seen bucking the trend.

Local retail investors’ net selling declined to QR9.53mn compared to QR16.67mn the previous day.

The GCC (Gulf Cooperation Council) individual investors’ net selling also fell to QR2.52mn against QR3.55mn on Sunday.

The GCC institutions’ net buying marginally rose to QR4.73mn compared to QR4.35mn on June 19.

However, domestic institutions’ net buying weakened to QR1.23mn against QR5.38mn the previous day.

Non-Qatari institutions’ net buying also declined to QR6.6mn compared to QR9.08mn on Sunday.

Non-Qatari individual investors turned net profit takers to the tune of QR0.5mn against net buyers of QR1.41mn on June 19.

Total trade volume rose 20% to 2.9mn shares, value by 31% to QR119.55mn and deals by 32% to 2,053.

The industrials sector’s trade volume almost doubled to 0.9mn equities and value more than doubled to QR39.32mn on 18% jump in transactions to 496.

The real estate sector saw 72% surge in trade volume to 0.5mn stocks, 72% in value to QR10.65mn and 60% in deals to 301.

The consumer goods sector’s trade volume expanded 63% to 0.13mn shares, value by 56% to QR7.09mn and transactions by 65% to 229.

The banks and financial services sector reported 4% increase in trade volume to 1.06mn equities, 13% in value to QR50.2mn and 80% in deals to 657.

However, the transport sector’s trade volume plummeted 70% to 0.03mn stocks, value by 74% to QR1.11mn and transactions by 68% to 33.

There was 50% plunge in the insurance sector’s trade volume to 0.02mn shares, 50% in value to QR1.32mn and 48% in deals to 32.

The telecom sector’s trade volume tanked 40% to 0.26mn equities and value by 29% to QR9.87mn, while transactions were up 8% to 305.

In the debt market, there was no trading of treasury bills and government bonds.