Ahead of Eid holidays, Qatar Stock Exchange on Monday gained for the fifth straight session and its key index inched near the 10,000 mark, mainly lifted by consumer goods, realty, industrials and telecom stocks.

Gulf institutions and non-Qatari individual investors turned net buyers as the 20-stock Qatar Index rose 0.56% to 9,980.11 points on higher trading turnover and volumes.

In a communiqué, the bourse said it will remain closed for three working days, starting from the first day of Eid, based on the instructions from the Qatar Financial Markets Authority.

Islamic stocks were seen gaining faster than the conventional ones in the market, which is however down 4.31% year-to-date.

Weakened net selling by local retail investors and domestic institutions also helped the bourse, where banking, real estate and consumer goods stocks constituted about 74% of the total trading volume.

Market capitalisation rose 0.35% or about QR2bn to QR536.81bn.

The Total Return Index gained 0.56% to 16,147.15 points, All Share Index by 0.47% to 2,772.23 points and Al Rayan Islamic Index by 0.81% to 3,861.28 points.

Consumer goods stocks appreciated 1.39%, realty (1.38%), industrials (0.82%), telecom (0.76%), insurance (0.39%) and transport (0.3%); while banks and financial services fell 0.3%.

More than  69% of the stocks extended gains with major movers being Industries Qatar, Barwa, Ezdan, Aamal Company, Gulf International Services, Ooredoo, Vodafone Qatar, Nakilat, Qatar Insurance, Commercial Bank, Qatar First Bank, Qatar Islamic Bank, Salam International Investment, Qatari German Company for Medical Devices and Woqod; even as QNB, Milaha and Ahli Bank bucked the trend.

The GCC (Gulf Cooperation Council) institutions turned net buyers to the tune of QR3.08mn against net sellers of QR0.79mn on July 3.

Non-Qatari individual investors were also net buyers to the extent of QR0.29mn compared with net sellers of QR6.66mn on Sunday.

Local retail investors’ net profit booking declined to QR7.84mn against QR12.82mn the previous day.

Domestic institutions’ net selling also weakened to QR6.83mn compared to QR7.15mn on July 3.

However, non-Qatari institutions’ net buying shrank to QR12.07mn against QR19.02mn on Sunday.

The GCC retail investors turned net sellers to the tune of QR0.76mn compared with net buyers of QR8.42mn the previous day.

Total trade volume rose 39% to 2.34mn shares, value by 58% to QR106.43mn and deals by 43% to 1,767.

The real estate sector’s trade volume more than tripled to 0.58mn equities and value more than quadrupled to QR15.41mn on more than doubled transactions to 361.

The consumer goods sector’s trade volume more than tripled to 0.40mn stocks and value almost tripled to QR28.03mn on more than doubled deals to 321.

The transport sector’s trade volume tripled to 0.12mn shares and value almost tripled to QR5.03mn on more than tripled transactions to 144.

The banks and financial services sector’s trade volume soared 85% to 0.74mn equities to more than double value to QR39.3mn on 57% jump in deals to 499.

There was 50% surge in the insurance sector’s trade volume to 0.03mn stocks, 62% in value to QR2.03mn and 28% in transactions to 51.

However, the industrials sector’s trade volume plummeted 55% to 0.29mn shares, value by 55% to QR13.04mn and deals by 4% to 288.

The telecom sector reported 39% plunge in trade volume to 0.17mn equities, 43% in value to QR3.58mn and 53% in transactions to 103.

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