Local retail investors were on Thursday increasingly net buyers and their Gulf counterparts turned bullish as the Qatar Stock Exchange treaded almost a flat path.
Consumer goods, transport and industrials counters witnessed stronger demand amidst a marginal 0.08% fall to 8.922.72 points, a day after the siege countries decided against imposing further economic sanctions on Qatar.
There was also weakened net selling pressure from Gulf individuals in the market, whose year-to-date losses were at 14.51%.
Buying interests were seen within micro and midcap segments in the bourse, where foreign and domestic institutions turned bearish and there increased net selling by their Gulf counterparts.
Recovering from initial losses, the market rebounded to inch near 8,940 points in the first 15 minutes, after there was net selling for the next 60 minutes. Thereafter, buying support gripped the index for the next 60 minutes but only to see consistent profit-booking. Some strong last minute purchases made the overall index settle mere seven points lower against the previous close.
Islamic stocks were seen gaining vis-à-vis declines in the main index and other indices in the bourse where capitalisation stood at QR479.69bn as mid and microcap stocks added 1.2% and 0.41% respectively.
Trade turnover and volumes were on the decline in the bourse, where telecom, industrials and banking sectors together accounted for about 74% of the total volumes.
The Total Return Index stood at 14,962.88 points, the All Share Index at 2,534 points and the Al Rayan Islamic Index at 3,525.36 points.
The consumer goods index gained 1.25%, followed by transport (0.35%), industrials (0.16%) and banks and financial services (0.01%); while realty fell 0.86%, telecom 0.63% and insurance 0.11%.
Major gainers included Gulf International Services, Mesaieed Petrochemical Holding, Vodafone Qatar, Nakilat, Woqod, Mazaya Qatar, Qatari Investors Group, al khaliji, Alijarah Holding, Islamic Holding Group, Qatar German Company for Medical Devices and Al Khaleej Takaful.
Nevertheless, Qatar Islamic Bank, Industries Qatar, Ooredoo, Ezdan, Barwa, QNB, Commercial Bank, QIIB and Qatar Islamic Insurance were among the losers.
Local retail investors’ net buying strengthened substantially to QR19.85mn compared to QR3.03mn the previous day.
Non-Qatari retail investors turned net buyers to the tune of QR4.49mn against net sellers of QR8.11mn on Wednesday.
The GCC (Gulf Cooperation Council) individuals’ net selling fell marginally to QR4.26mn compared to QR5.43mn on July 5.
However, the GCC funds’ net profit booking increased influentially to QR8.73mn against QR3.37mn the previous day.
Domestic institutions turned net sellers to the extent of QR5.9mn compared with net buyers of QR3.73mn on Wednesday.
Non-Qatari institutions were also net sellers to the tune of QR5.46mn against net buyers of QR10.15mn on July 5.
Total trade volumes fell 4% to 8.08mn shares and value by 12% to QR186.19mn, whereas deals grew 4% to 2,850.
The market witnessed a 43% plunge in the insurance sector’s trade volume to 0.08mn equities and 25% in value to QR3.95mn but on a 25% jump in transactions to 91.
The real estate sector’s trade volume plummeted 36% to 1.13mn stocks, while value rose 2% to QR24.41mn and deals by 89% to 493.
The transport sector reported a 32% shrinkage in trade volume to 0.61mn shares, 2% in value to QR17.04mn and 22% in transactions to 367.
The banks and financial services sector’s trade volume was down 8% to 1.57mn equities, value 38% to QR53.32mn and deals by 18% to 798.
However, there was a 56% surge in the consumer goods sector’s trade volume to 0.28mn stocks, 8% in value to QR12.13mn and 35% in transactions to 306.
The industrials sector’s trade volume soared 43% to 2.08mn shares, value by 32% to QR52.94mn and deals by 29% to 568.
The telecom sector saw a 3% rise in trade volume to 2.32mn equities but on a 15% decline in value to QR22.4mn and 24% in transactions to 227.
In the debt market, there was no trading of treasury bills and government bonds.
There was also weakened net selling pressure from Gulf individuals in the market, whose year-to-date losses were at 14.51%.
Buying interests were seen within micro and midcap segments in the bourse, where foreign and domestic institutions turned bearish and there increased net selling by their Gulf counterparts.
Recovering from initial losses, the market rebounded to inch near 8,940 points in the first 15 minutes, after there was net selling for the next 60 minutes. Thereafter, buying support gripped the index for the next 60 minutes but only to see consistent profit-booking. Some strong last minute purchases made the overall index settle mere seven points lower against the previous close.
Islamic stocks were seen gaining vis-à-vis declines in the main index and other indices in the bourse where capitalisation stood at QR479.69bn as mid and microcap stocks added 1.2% and 0.41% respectively.
Trade turnover and volumes were on the decline in the bourse, where telecom, industrials and banking sectors together accounted for about 74% of the total volumes.
The Total Return Index stood at 14,962.88 points, the All Share Index at 2,534 points and the Al Rayan Islamic Index at 3,525.36 points.
The consumer goods index gained 1.25%, followed by transport (0.35%), industrials (0.16%) and banks and financial services (0.01%); while realty fell 0.86%, telecom 0.63% and insurance 0.11%.
Major gainers included Gulf International Services, Mesaieed Petrochemical Holding, Vodafone Qatar, Nakilat, Woqod, Mazaya Qatar, Qatari Investors Group, al khaliji, Alijarah Holding, Islamic Holding Group, Qatar German Company for Medical Devices and Al Khaleej Takaful.
Nevertheless, Qatar Islamic Bank, Industries Qatar, Ooredoo, Ezdan, Barwa, QNB, Commercial Bank, QIIB and Qatar Islamic Insurance were among the losers.
Local retail investors’ net buying strengthened substantially to QR19.85mn compared to QR3.03mn the previous day.
Non-Qatari retail investors turned net buyers to the tune of QR4.49mn against net sellers of QR8.11mn on Wednesday.
The GCC (Gulf Cooperation Council) individuals’ net selling fell marginally to QR4.26mn compared to QR5.43mn on July 5.
However, the GCC funds’ net profit booking increased influentially to QR8.73mn against QR3.37mn the previous day.
Domestic institutions turned net sellers to the extent of QR5.9mn compared with net buyers of QR3.73mn on Wednesday.
Non-Qatari institutions were also net sellers to the tune of QR5.46mn against net buyers of QR10.15mn on July 5.
Total trade volumes fell 4% to 8.08mn shares and value by 12% to QR186.19mn, whereas deals grew 4% to 2,850.
The market witnessed a 43% plunge in the insurance sector’s trade volume to 0.08mn equities and 25% in value to QR3.95mn but on a 25% jump in transactions to 91.
The real estate sector’s trade volume plummeted 36% to 1.13mn stocks, while value rose 2% to QR24.41mn and deals by 89% to 493.
The transport sector reported a 32% shrinkage in trade volume to 0.61mn shares, 2% in value to QR17.04mn and 22% in transactions to 367.
The banks and financial services sector’s trade volume was down 8% to 1.57mn equities, value 38% to QR53.32mn and deals by 18% to 798.
However, there was a 56% surge in the consumer goods sector’s trade volume to 0.28mn stocks, 8% in value to QR12.13mn and 35% in transactions to 306.
The industrials sector’s trade volume soared 43% to 2.08mn shares, value by 32% to QR52.94mn and deals by 29% to 568.
The telecom sector saw a 3% rise in trade volume to 2.32mn equities but on a 15% decline in value to QR22.4mn and 24% in transactions to 227.
In the debt market, there was no trading of treasury bills and government bonds.
