Qatar Stock Exchange on Tuesday gained for the second day and its key index added 29 points to cross the 10,200 mark, mainly lifted by realty and industrials stocks.

Foreign institutions continued to be net buyers but with lesser intensity as the 20-stock Qatar Index rose 0.28% to 10,201.9 points. The market’s year-to-date losses were at 2.18%.

Trade turnover and volumes were otherwise on the decline in the market, where industrials, telecom, real estate and banking stocks together constituted about 91% of the total volumes yesterday.

Net selling pressure of domestic institutions and Gulf individual investors weakened and there was increased buying support from non-Qatari retail investors in the bourse, where Islamic stocks report losses vis-à-vis gains in the conventional ones.

However, local retail investors turned bearish and there was increased net selling by Gulf institutions.

Market capitalisation rose 0.16% or QR87mn to QR549.9bn even as small, micro and midcap equities melted 1.11%, 0.66% and 0.46% respectively; while large caps were up a marginal 0.07%.

The Total Return Index rose 0.28% to 16,505.99 points and All Share Index by 0.19% to 2,813.76 points; while Al Rayan Islamic Index fell 0.24% to 3,731.14 points.

Realty sector saw its index soar 1.48%, industrials (0.46%) and banks and financial services (0.19%); whereas consumer goods shrank 1.47%, telecom (1.14%), transport (1.01%) and insurance (0.2%).

More than 56% of the stocks extended gains with major movers being Industries Qatar, Ezdan, Nakilat, QNB, Commercial Bank, Qatar Islamic Bank, al khaliji, Islamic Holding Group and Qatari Investors Group.

Nevertheless, Ooredoo, Qatar Insurance, Milaha, Gulf International Services, Mesaieed Petrochemical Holding, Aamal Company, Barwa, Mazaya Qatar, QIIB and Masraf Al Rayan saw their stocks lose sheen.

Domestic institutions’ net selling weakened considerably to QR101.9mn compared to QR163.82mn on October 31.

The GCC (Gulf Cooperation Council) individual investors’ net selling fell to QR0.29mn against QR1.81mn on Monday.

Non-Qatari individual investors’ net buying increased to QR2.87mn compared to QR2.36mn the previous day.

However, local retail investors turned net sellers to the tune of QR6.35mn against net buyers of QR11.56mn on October 31.

The GCC institutions’ net profit booking strengthened to QR13.53mn against QR5.48mn on Monday.

Non-Qatari institutions’ net buying fell to QR119.2mn compared to QR157.15mn the previous day.

Total trade volume fell 22% to 7.91mn shares, value by 24% to QR319.13mn and deals by 27% to 3,408.

There was 88% plunge in the insurance sector’s trade volume to 0.01mn equities, 81% in value to QR1.08mn and 67% in transactions to 24.

The consumer goods sector’s trade volume plummeted 80% to 0.41mn stocks, value by 69% to QR39.79mn and deals by 42% to 687.

The banks and financial services sector saw 30% shrinkage in trade volume to 1.33mn shares, 27% in value to QR56.44mn and 24% in transactions to 865.

The telecom sector’s trade volume tanked 28% to 1.4mn equities, value by 41% to QR22.21mn and deals by 31% to 315.

The market witnessed 22% decline in the transport sector’s trade volume to 0.32mn stocks, 61% in value to QR7.77mn and 17% in transactions to 191.

However, industrials sector’s trade volume soared 25% to 3.06mn shares and value by 29% to QR162.2mn; while deals shrank 31% to 532.

The real estate sector reported 2% jump in trade volume to 1.37mn equities and 11% in value to QR29.64mn but on 2% fall in transactions to 794.

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