QSE edges higher on buying interests in consumer goods, banking and transport| Gulf Times – Gulf Times

QSE edges higher on buying interests in consumer goods, banking and transport| Gulf Times – Gulf Times

The Gulf institutions were seen net buyers as the 20-stock Qatar Index rose 0.48% to 9,711.02 points, having hit an intraday high of 9,720 points

The Qatar Stock Exchange on Tuesday gained more than 46 points, lifted by buying interests, especially at the consumer goods, banking and transport counters.The Gulf institutions were seen net buyers as the 20-stock Qatar Index rose 0.48% to 9,711.02 points, having hit an intraday high of 9,720 points.The domestic funds’ substantially weakened net selling pressure had its influence on the main market, whose year-to-date losses truncated to 10.34%.As much as 49% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR2.7bn or 0.48% to QR564.4bn on account of midcap segments.The local retail investors continued to be net buyers but with lesser vigour in the main market, which saw as many as 189 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR431 trade across one deal.The foreign institutions were seen increasingly into net selling in the main bourse, which saw no trading of sovereign bonds.The Arab retail investors were net profit takers in the main market, which saw no trading of treasury bills.The Islamic index was seen