Buying support in industrials, consumer goods and realty lifts Qatar Stock Exchange 32 points

Buying support in industrials, consumer goods and realty lifts Qatar Stock Exchange 32 points

The Qatar Stock Exchange on Thursday snapped three consecutive sessions of bearish run as it gained more than 32 points on the back of buying interests, especially in the industrials, consumer goods and real estate sectors.

The Arab retail investors were seen increasingly into net buying as the 20-stock Qatar Index rose 0.31% to 10,364.71 points.

The local retail investors’ substantially weakened net selling had its influence in the main market, whose year-to-date losses narrowed to 2.96%.

More than 58% of the traded constituents were in the red in the main bourse, which touched an intraday high of 10,398 points.

The Gulf institutions continued to be net buyers but with lesser vigour in the main market, whose capitalisation added QR2.72bn or 0.45% to QR612.31bn with midcap segments gaining the most.

The foreign individuals were seen bearish in the main bourse, which saw a total of 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.05mn changed hands across six deals.

The domestic institutions turned net profit takers in the main market, which saw no trading of sovereign bonds.

The Islamic index outperformed the other indices in the main market, which saw no trading of treasury bills.

The Total Return Index rose 0.31%, All