The 20-stock Qatar Index gained 0.47% or 53 points to 11,314.55 points mainly on the back of buying in transport, insurance and banking stocks.
Islamic stocks were seen gaining faster than the conventional ones in the market, where trading turnover and volumes considerably expanded.
Buying interests were more perceptible in the mid and large cap segments in the bourse, which is up 8.49% year-to-date.
However, net selling of local and Gulf retail investors as well as domestic institutions increased and Gulf institutions and non-Qatari individual investors turned bearish in the market, where banking, telecom and industrials stocks together constituted more than 73% of the total trading volume.
Market capitalisation rose 0.43% or more than QR2bn to QR604.92bn as mid, large, small and microcap cap stocks gained 0.68%, 0.59%, 0.45% and 0.3% respectively.
The Total Return Index gained 0.47% to 18,306.18 points, All Share Index by 0.46% to 3,103.5 points and Al Rayan Islamic Index by 0.6% to 4,255.03 points.
Transport stocks appreciated 0.93%, insurance (0.79%), banks and financial services (0.74%), telecom (0.33%), industrials (0.32%) and consumer goods (0.15%); while realty was down 0.16%.
Three-fourth of the stocks extended gains with major movers being Nakilat, Qatar Insurance, Masraf Al Rayan, QNB, Qatar Islamic Bank, Doha bank, Industries Qatar, Aamal Company, Qatari Investors Group, Gulf International Services, United Development Company, Barwa, Mazaya Qatar and Vodafone Qatar; even as Ezdan, Qatar Electricity and Water and Dlala bucked the trend.
Non-Qatari institutions’ net buying strengthened considerably to QR127.7mn compared to QR35.5mn the previous day.
However, the GCC (Gulf Cooperation Council) institutions turned net sellers to the tune of QR0.34mn against net buyers of QR12.54mn on Monday.
Domestic institutions’ net profit booking increased perceptibly to QR79.66mn compared to QR21.86mn on August 29.
The GCC individual investors’ net selling strengthened to QR1.03mn against QR0.46mn the previous day.
Local retail investors’ net profit booking soared to QR42.87mn compared to QR25.96mn on Monday.
Non-Qatari individual investors turned net sellers to the extent of QR4.6mn against net buyers of QR0.26mn on August 29.
Total trade volume rose 58% to 7.09mn shares, value by 72% to QR312.77mn and deals by 45% to 4,753.
The transport sector’s trade volume more than tripled to 0.43mn equities and value also more than tripled to QR16.56mn on more than doubled transactions to 348.
The insurance sector’s trade volume more than tripled to 0.22mn stocks and value almost tripled to QR19.56mn on 46% jump in deals to 167.
The telecom sector’s trade volume almost tripled to 1.58mn shares, value soared 53% to QR52.98mn and transactions by 64% to 746.
The banks and financial services sector’s trade volume almost doubled to 2.49mn equities and value more than doubled to QR138.2mn on 74% increase in deals to 1,660.
There was 83% surge in the consumer goods sector’s trade volume to 0.42mn stocks, 77% in value to QR15.66mn and 24% in transactions to 276.
However, the real estate sector’s trade volume tanked 15% to 0.84mn shares, value by 13% to QR17.99mn and deals by 5% to 514.
The market witnessed 8% decline in the industrials sector’s trade volume to 1.11mn equities but on 8% growth in value to QR51.82mn and 28% in transactions to 1,042.
In the debt market, there was no trading of treasury bills and government bonds.