(MENAFN- Gulf Times) Easing trade tensions between the US and China had its positive influence on the Qatar Stock Exchange, which yesterday gained more than 28 points in index and about QR2bn in capitalisation.
The Gulf institutions were seen robustly bullish as the 20-stock Qatar Index rose 0.26% to 10,924.78 points, recovering from an intraday low of 10,886 points.
The insurance and industrials counters witnessed higher than average demand in the main market, whose year-to-date gains improved to 3.35%.
More than 46% of the traded constituents returned gains to investors in the main bourse, whose capitalisation added QR1.72bn or 0.26% to QR653.22bn, mainly on small cap segments.
However, the local retail investors turned net profit takers in the main market, which saw as many as 0.01mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.04mn trade across nine deals.
The domestic institutions were increasingly net sellers in the main bourse, whose trade turnover and volumes were on the rise.
The Islamic index was seen gaining slower than the main barometer of the main market, which saw no trading of treasury bills.
The foreign funds were increasingly bearish in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index gained 0.26%, the All Share Index by 0.22% and the All Islamic Index by 0.24% in the main market.
The insurance sector index rose 0.75%, industrials (0.73%), transport (0.25%), banks and financial services (0.09%) and telecom (0.07%); while consumer goods and services declined 0.22% and real estate 0.03%.
As many as 24 stocks gained, while 21 declined and seven were unchanged.
Major gainers in the main market included Qatar General Insurance and Reinsurance, Estithmar Holding, Industries Qatar, Doha Insurance and Commercial Bank.
Nevertheless, Qamco, Baladna, Widam Food, Al Mahhar Holding and Dlala were among the shakers in the main bourse.
In the venture market, Techno Q saw its shares depreciate in value.
The Gulf institutions turned net buyers to the tune of QR97.09mn compared with net sellers of QR9.1mn the previous day.
However, the local individual investors were net sellers to the extent of QR39.09mn against net buyers of QR12.08mn on Monday.
The domestic institutions' net profit booking strengthened significantly to QR26.87mn compared to QR0.57mn on October 27.
The foreign institutions' net selling expanded substantially to QR23.26mn against QR1.22mn the previous day.
The foreign retail investors turned net sellers to the tune of QR3.22mn compared with net buyers of QR2.19mn on Monday.
The Arab individuals were net profit takers to the extent of QR2.96mn against net buyers of QR4.13mn on October 27.
The Gulf individual investors turned net sellers to the tune of QR1.7mn compared with net buyers of QR2.49mn the previous day.
The Arab institutions had no major net exposure for the third straight session.
The main market saw a 32% jump in trade volumes to 130.62mn shares, 67% surge in value to QR479.51mn and 9% in deals to 20,291.
In the venture market, a total of 0.01mn equities valued at QR0.03mn changed hands across nine transactions.

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