The Qatar Stock Exchange on Sunday opened the week weak despite buying interests in the insurance counter and remained below 8,200 levels.
The 20-stock Qatar Index saw a 0.17% decline to 8,158.33 points, notwithstanding the considerable weakening of net selling by domestic institutions.
Islamic equities fell slower than the other indices on the bourse, whose year-to-date losses were at 21.83%.
Non-Qatari individuals were seen marginally bullish on the market, whose capitalisation eroded 0.26% to QR445.09bn.
The market had seen a roller-coaster drive with the index once touching a low of less than 8,150 points before settling 14 points lower.
Trade turnover shrank amidst higher volumes on the bourse, where banking sector alone accounted for about 78% of the total volume.
The Total Return Index fell 0.17% to 13,681.03 points, Al Rayan Islamic Index by 0.12% to 3,238.51 points and All Share Index by 0.19% to 2,291.35 points.
The insurance index gained 0.91%; while the realty shrank 0.76%, banks and financial services (0.25%), telecom (0.21%), consumer goods and industrials (0.07% each), and transport (0.05%).
Major gainers included Qatar First Bank, Qatar Islamic Bank, Al Khaliji, Qatar Oman Investment, Qatari German Company for Medical Devices, Salam International Investment, Aamal Company, Doha Insurance and Mazaya Qatar; even as Alijarah Holding, Dlala, Qatari Investors Group, Mesaieed Petrochemical Holding, Ezdan, Vodafone Qatar, Gulf Warehousing and United Development Company were among the losers.
Local retail investors turned net sellers to the tune of QR3.5mn compared with net buyers of QR1.93mn the previous trading day.
The GCC (Gulf Cooperation Council) retail investors were also net sellers to the extent of QR0.43mn against net buyers of QR1.09mn on October 19.
The GCC institutions turned net sellers to the tune of QR1.33mn compared with net buyers of QR0.16mn last Thursday.
Non-Qatari institutions’ net buying declined perceptibly to QR6.81mn against QR18.17mn the previous trading day.
However, domestic institutions’ net selling weakened considerably to QR1.94mn compared to QR18.49mn on October 19.
Non-Qatari individual investors turned net buyers to the extent of QR0.39mn against net sellers of QR2.86mn last Thursday.
Total trade volume rose 40% to 11.85mn shares, while value 13ll 4% to QR126.27mn and deals by 19% to 1,505.
The banks and financial services sector saw 64% surge in trade volume to 9.21mn equities and 7% in value to QR86.17mn but on 3% fall in transactions to 623.
The telecom sector’s trade volume soared 22% to 0.6mn stocks, whereas value fell 20% to QR7.26mn and deals by 23% to 177.
There was 19% increase in the real estate sector’s trade volume to 0.95mn shares and 42% in value to QR14.24mn but on 19% decline in transactions to 213.
However, the transport sector’s trade volume plummeted 88% to 0.03mn equities, value by 90% to QR0.59mn and deals by 78% to 39.
The insurance sector reported 75% plunge in trade volume to 0.02mn stocks, 85% in value to QR0.55mn and 69% in transactions to 24.
The consumer goods sector’s trade volume tanked 43% to 0.08mn shares, value by 46% to QR3.29mn and deals by 21% to 85.
The market witnessed 14% shrinkage in the industrials sector’s trade volume to 0.96mn equities, 52% in value to QR14.16mn and 8% in transactions to 344.
In the debt market, there was no trading of government bonds and treasury bills.
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