Banking scrips lift QSE 45 points; domestic funds up net buying| Gulf Times – Gulf Times

Banking scrips lift QSE 45 points; domestic funds up net buying| Gulf Times – Gulf Times

The domestic institutions were seen increasingly net buyers as the 20-stock Qatar Index gained 0.48% to 9,376.88 points on Tuesday although it hit an intraday high of 9,417 points

Buying interests, especially in the banking counter, on Tuesday lifted the Qatar Stock Exchange (QSE) more than 45 points, a day after it hit a seven-month low.The domestic institutions were seen increasingly net buyers as the 20-stock Qatar Index gained 0.48% to 9,376.88 points although it hit an intraday high of 9,417 points.The foreign retail investors turned bullish in the main market, whose year-to-date losses truncated to 13.42%.More than 47% of the traded constituents extended gains in the main bourse, whose capitalisation added QR1.34bn or 0.25% to QR542.47bn on account of midcap segments.The Gulf individuals were increasingly net buyers in the main market, which saw 0.26mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.6mn trade across 17 deals.The foreign institutions’ weakened net profit booking had its influence in the main bourse, which saw no trading of sovereign bonds.The local retail investors continued to be net buyers but with lesser intensity in the main market, which saw no trading of treasury bills.The Islamic index was