Qatar Stock Exchange on Tuesday witnessed increased buying interests of local and non-Qatari individual investors, yet it settled lower for the fifth straight session.
Gulf retail investors turned marginally bullish and there was a weakened net selling by Gulf institutions amidst a 1.03% fall in the 20-stock Qatar Index to 9,308.91 points.
Islamic equities were seen declining slower than the main index and other indices in the market, whose year-to-date losses were at 10.81%.
However, domestic and foreign institutions were seen profit takers in the bourse, whose capitalisation stood at QR504.55bn.
The market largely weakened in the first 150 minutes to touch a low of about 9,250 points, after which it was consistently on a rebound although there was some last minute profit booking. Overall, it settled 97 points lower.
Trade turnover fell amidst flat volumes in the bourse, where telecom, real estate and banking sectors together accounted for more than 85% of the total volumes.
The Total Return Index declined 1.03% to 15,610.49 points, All Share Index by 0.94% to 2,654.21 points and Al Rayan Islamic Index by 0.81% to 3,730.46 points.
The transport index fell 2.18%, telecom (2.14%), industrials (1.53%), insurance (0.95%), realty (0.7%), banks and financial services (0.55%) and consumer goods (0.25%).
Major gainers included Doha Bank, Vodafone Qatar, United Development Company, Qatar Islamic Insurance, Alijarah Holding, Qatar Oman Investment Company and Islamic Holding Group; even as Gulf International Services, Ooredoo, Nakilat, Milaha, Industries Qatar, Al Khaliji, Aamal Company, Mazaya Qatar and Ezdan were among the losers.
Local retail investors’ net buying strengthened substantially to QR51.58mn compared to QR17.45mn on July 31.
Non-Qatari retail investors’ net buying increased considerably to QR6.28mn against QR2.22mn the previous day.
The GCC (Gulf Cooperation Council) individuals were net buyers to the tune of QR0.82mn compared with net sellers of QR1.18mn on Monday.
The GCC funds’ net profit booking weakened marginally to QR23.86mn against QR25.44mn on July 31.
However, domestic institutions turned net sellers to the extent of QR28.85mn compared with net buyers of QR3.82mn the previous day.
Non-Qatari institutions were also net profit takers to the tune of QR6mn against net buyers of QR3.14mn on Monday.
Total trade volumes fell less than 1% to 14.53mn shares and value by 4% to QR283.08mn, while deals grew 1% to 3,866.
The insurance sector’s trade volume more than doubled to 0.17mn equities, value soared 66% to QR9.4mn and transactions by 40% to 127.
There was 36% surge in the real estate sector’s trade volume to 2.26mn stocks, 27% in value to QR37.68mn and 3% in deals to 682.
The consumer goods sector’s trade volume expanded 14% to 0.25mn shares, while value declined 23% to QR14.58mn despite 38% increase in transactions to 286.
The market witnessed 6% jump in the transport sector’s trade volume to 0.37mn equities, 10% in value to QR9.2mn and 12% in deals to 324.
However, the industrials sector’s trade volume plummeted 17% to 1.35mn stocks and value by 29% to QR40.13mn, whereas transactions shot up 48% to 859.
The telecom sector reported 6% decline in trade volume to 8.01mn shares, 2% in value to QR81.36mn and 44% in deals to 429.
The banks and financial services sector’s trade volume was down 2% to 2.12mn equities, value by 3% to QR90.72mn and transactions by 5% to 1,159.
In the debt market, there was no trading of treasury bills and government bonds.
Islamic equities were seen declining slower than the main index and other indices in the market, whose year-to-date losses were at 10.81%.
However, domestic and foreign institutions were seen profit takers in the bourse, whose capitalisation stood at QR504.55bn.
The market largely weakened in the first 150 minutes to touch a low of about 9,250 points, after which it was consistently on a rebound although there was some last minute profit booking. Overall, it settled 97 points lower.
Trade turnover fell amidst flat volumes in the bourse, where telecom, real estate and banking sectors together accounted for more than 85% of the total volumes.
The Total Return Index declined 1.03% to 15,610.49 points, All Share Index by 0.94% to 2,654.21 points and Al Rayan Islamic Index by 0.81% to 3,730.46 points.
The transport index fell 2.18%, telecom (2.14%), industrials (1.53%), insurance (0.95%), realty (0.7%), banks and financial services (0.55%) and consumer goods (0.25%).
Major gainers included Doha Bank, Vodafone Qatar, United Development Company, Qatar Islamic Insurance, Alijarah Holding, Qatar Oman Investment Company and Islamic Holding Group; even as Gulf International Services, Ooredoo, Nakilat, Milaha, Industries Qatar, Al Khaliji, Aamal Company, Mazaya Qatar and Ezdan were among the losers.
Local retail investors’ net buying strengthened substantially to QR51.58mn compared to QR17.45mn on July 31.
Non-Qatari retail investors’ net buying increased considerably to QR6.28mn against QR2.22mn the previous day.
The GCC (Gulf Cooperation Council) individuals were net buyers to the tune of QR0.82mn compared with net sellers of QR1.18mn on Monday.
The GCC funds’ net profit booking weakened marginally to QR23.86mn against QR25.44mn on July 31.
However, domestic institutions turned net sellers to the extent of QR28.85mn compared with net buyers of QR3.82mn the previous day.
Non-Qatari institutions were also net profit takers to the tune of QR6mn against net buyers of QR3.14mn on Monday.
Total trade volumes fell less than 1% to 14.53mn shares and value by 4% to QR283.08mn, while deals grew 1% to 3,866.
The insurance sector’s trade volume more than doubled to 0.17mn equities, value soared 66% to QR9.4mn and transactions by 40% to 127.
There was 36% surge in the real estate sector’s trade volume to 2.26mn stocks, 27% in value to QR37.68mn and 3% in deals to 682.
The consumer goods sector’s trade volume expanded 14% to 0.25mn shares, while value declined 23% to QR14.58mn despite 38% increase in transactions to 286.
The market witnessed 6% jump in the transport sector’s trade volume to 0.37mn equities, 10% in value to QR9.2mn and 12% in deals to 324.
However, the industrials sector’s trade volume plummeted 17% to 1.35mn stocks and value by 29% to QR40.13mn, whereas transactions shot up 48% to 859.
The telecom sector reported 6% decline in trade volume to 8.01mn shares, 2% in value to QR81.36mn and 44% in deals to 429.
The banks and financial services sector’s trade volume was down 2% to 2.12mn equities, value by 3% to QR90.72mn and transactions by 5% to 1,159.
In the debt market, there was no trading of treasury bills and government bonds.
