(MENAFN - Gulf Times) The Qatar Stock Exchange on Thursday witnessed strong buying at the transport and realty counters but overall it closed in the negative.
Domestic funds were increasingly net buyers and non-Qatari individual turned bullish amidst a 0.87% fall in the 20-stock Qatar Index to 7,714.26 points.
Gulf institutions' net profit-booking weakened in the market, whose year-to-date losses exceeded 26%.
Islamic equities were seen falling relatively slower in the bourse, whose capitalisation eroded 0.66% to QR418.15bn.
Trade turnover and volumes were on the increase in the market, where banking, transport, real estate and industrials sectors together accounted for about 85% of the total volume.
The Total Return Index fell 0.87% to 12,936.35 points, the All Share Index by 0.49% to 2,136.14 points and the Al Rayan Islamic Index by 0.86% to 3,032.42 points.
The industrials index shrank 2.25%, followed by insurance (2.2%), consumer goods (1.58%), banks and financial services (0.77%) and telecom (0.05%); whereas transport and realty soared 3.97% and 2.46% respectively.
Major gainers included Aamal Company, Ezdan, Milaha, Nakilat, Mazaya Qatar, United Development Company, Qatar Oman Investment and Alijarah Holding; even as Industries Qatar, Gulf International Services, Qatar Electricity and Water, Qatar Islamic Bank, Doha Bank, Medicare Group and Salam International Investment were among the losers.
Domestic institutions' net buying strengthened considerably to QR18.96mn compared to QR7.57mn on November 29.
Non-Qatari individuals turned net buyers to the tune of QR7.76mn against net sellers of QR3.55mn on Wednesday.
The GCC (Gulf Cooperation Council) funds' net selling plunged to QR0.52mn compared to QR11.68mn the previous day.
The GCC individual investors were net buyers to the extent of QR0.74mn against net profit takers of QR0.42mn on November 29.
However, non-Qatari institutions' net selling increased substantially to QR24.02mn compared to QR9.14mn on Wednesday.
Local retail investors turned net sellers to the tune of QR3.01mn against net profit takers of QR17.2mn the previous day.
Total trade volume grew 35% to 16mn shares, value by 77% to QR435.85mn and deals by 77% to 5,622.
The transport sector's trade volume grew almost five-fold to 3.05mn equities and value more than tripled to QR68.71mn on more than doubled transactions to 703.
The consumer goods sector's trade volume more than quadrupled to 0.81mn stocks, value rose 20% to QR13.96mn and deals by 16% to 326.
The real estate sector's trade volume more than tripled to 2.98mn shares and value also more than tripled to QR37.46mn on more than doubled transactions to 828.
The banks and financial services sector's trade volume more than doubled to 5.19mn equities and value soared 73% to QR183.06mn on more than doubled deals to 1,857.
There was 25% surge in the insurance sector's trade volume to 0.8mn stocks and 38% in value to QR29.38mn on more than tripled transactions to 403.
However, the industrials sector's trade volume plummeted 57% to 2.31mn shares, whereas value expanded 36% to QR82.41mn and deals by 23% to 1,023.
The telecom sector reported 49% plunge in trade volume to 0.85mn equities but on 12% growth in value to QR20.87mn and 31% in transactions to 482.
In the debt market, there was no trading of treasury bills but as many as 80,150 sovereign bonds valued at QR790.86mn traded across four deals.