The Qatar Stock Exchange on Sunday witnessed increased buying support from domestic institutions amidst an overall profit-booking after four consecutive days of strong gains.
Local retail investor’s net selling pressure considerably weakened amid a 1.33% decline in the 20-stock Qatar Index to 9,343.57 points.
Both Gulf and non-Qatari individuals were seen bullish in the market, whose year-to-date losses were at 10.47%.
Islamic stocks were seen declining slower than the main index and other indices in the market, where foreign institutions however turned net sellers.
The market fell faster in the first 60 minutes, after which it was on a slow gaining mode for the next 60 minutes. A mild profit-booking was witnessed then for a brief period after which it strengthened, especially with last minute purchases. Nevertheless, the index settled lower against the previous close.
Market capitalisation stood at QR504.61bn.
Trade turnover and volumes were on the decline in the bourse, where banking and telecom sectors together accounted for more than three-fourth of the total volumes.
The Total Return Index fell 1.33% to 15,668.62 points, the All Share Index by 1.14% to 2,654.88 points and the Al Rayan Islamic Index by 0.96% to 3,696.45 points.
The industrials index declined 1.56%, followed by transport (1.23%), consumer goods (1.21%), banks and financial services (1.19%), insurance (1.18%), telecom (0.85%) and realty (0.5%).
Major gainers included Vodafone Qatar, Widam and Dlala; even as Industries Qatar, QNB, Ooredoo, Qatar Islamic Bank, Doha Bank, Qatar Electricity and Water, Mazaya Qatar and Nakilat were among the losers.
Domestic institutions’ net buying increased influentially to QR8.21mn compared to QR2.9mn the previous trading day.
GCC (Gulf Cooperation Council) individuals were net buyers to the tune of QR0.46mn against net sellers of QR2.64mn on Sunday.
Non-Qatari retail investors were also net buyers to the extent of QR0.37mn against net profit takers of QR8.66mn on July 13.
Local retail investors’ net selling weakened substantially to QR2.45mn compared to QR57.46mn the previous trading day.
However, non-Qatari institutions turned net sellers to the tune of QR2.72mn against net buyers of QR66.86mn on Sunday.
GCC institutions’ net profit-booking increased perceptibly to QR3.86mn compared to QR0.91mn on July 13.
Total trade volumes fell 72% to 4.87mn shares, value by 70% to QR131.6mn and deals by 64% to 1,882.
There was an 88% plunge in the insurance sector’s trade volume to 0.02mn equities, 94% in value to QR0.4mn and 86% in transactions to 18.
The transport sector’s trade volume plummeted 85% to 0.12mn stocks, value by 85% to QR2.8mn and deals by 73% to 104.
The industrials sector reported an 83% shrinkage in trade volume to 0.33mn shares, 74% in value to QR18.44mn and 72% in transactions to 275.
The telecom sector’s trade volume tanked 75% to 1.79mn equities, value by 76% to QR16.93mn and deals by 69% to 206.
The consumer goods sector saw a 68% decline in trade volume to 0.19mn stocks, 80% in value to QR10.55mn and 67% in transactions to 189.
The real estate sector’s trade volume shrank 68% to 0.55mn shares, value by 70% to QR10.77mn and deals by 55% to 271.
The market witnessed a 63% drop in the banks and financial services sector’s trade volume to 1.88mn equities, 59% in value to QR71.7mn and 59% in transactions to 819.
In the debt market, there was no trading of treasury bills and government bonds.
Both Gulf and non-Qatari individuals were seen bullish in the market, whose year-to-date losses were at 10.47%.
Islamic stocks were seen declining slower than the main index and other indices in the market, where foreign institutions however turned net sellers.
The market fell faster in the first 60 minutes, after which it was on a slow gaining mode for the next 60 minutes. A mild profit-booking was witnessed then for a brief period after which it strengthened, especially with last minute purchases. Nevertheless, the index settled lower against the previous close.
Market capitalisation stood at QR504.61bn.
Trade turnover and volumes were on the decline in the bourse, where banking and telecom sectors together accounted for more than three-fourth of the total volumes.
The Total Return Index fell 1.33% to 15,668.62 points, the All Share Index by 1.14% to 2,654.88 points and the Al Rayan Islamic Index by 0.96% to 3,696.45 points.
The industrials index declined 1.56%, followed by transport (1.23%), consumer goods (1.21%), banks and financial services (1.19%), insurance (1.18%), telecom (0.85%) and realty (0.5%).
Major gainers included Vodafone Qatar, Widam and Dlala; even as Industries Qatar, QNB, Ooredoo, Qatar Islamic Bank, Doha Bank, Qatar Electricity and Water, Mazaya Qatar and Nakilat were among the losers.
Domestic institutions’ net buying increased influentially to QR8.21mn compared to QR2.9mn the previous trading day.
GCC (Gulf Cooperation Council) individuals were net buyers to the tune of QR0.46mn against net sellers of QR2.64mn on Sunday.
Non-Qatari retail investors were also net buyers to the extent of QR0.37mn against net profit takers of QR8.66mn on July 13.
Local retail investors’ net selling weakened substantially to QR2.45mn compared to QR57.46mn the previous trading day.
However, non-Qatari institutions turned net sellers to the tune of QR2.72mn against net buyers of QR66.86mn on Sunday.
GCC institutions’ net profit-booking increased perceptibly to QR3.86mn compared to QR0.91mn on July 13.
Total trade volumes fell 72% to 4.87mn shares, value by 70% to QR131.6mn and deals by 64% to 1,882.
There was an 88% plunge in the insurance sector’s trade volume to 0.02mn equities, 94% in value to QR0.4mn and 86% in transactions to 18.
The transport sector’s trade volume plummeted 85% to 0.12mn stocks, value by 85% to QR2.8mn and deals by 73% to 104.
The industrials sector reported an 83% shrinkage in trade volume to 0.33mn shares, 74% in value to QR18.44mn and 72% in transactions to 275.
The telecom sector’s trade volume tanked 75% to 1.79mn equities, value by 76% to QR16.93mn and deals by 69% to 206.
The consumer goods sector saw a 68% decline in trade volume to 0.19mn stocks, 80% in value to QR10.55mn and 67% in transactions to 189.
The real estate sector’s trade volume shrank 68% to 0.55mn shares, value by 70% to QR10.77mn and deals by 55% to 271.
The market witnessed a 63% drop in the banks and financial services sector’s trade volume to 1.88mn equities, 59% in value to QR71.7mn and 59% in transactions to 819.
In the debt market, there was no trading of treasury bills and government bonds.
