Three of the five days witnessed selling pressure on the Qatar Stock Exchange, which shed 109 points but to settle above 9,000 points this week.

Five of the seven sectors saw sell-offs, notably in the real estate, telecom, industrials and banking counters, this week, which saw Industries Qatar (IQ) report January-March net profit of QR1.27bn.
About 57% of the traded constituents were in the red this week which saw Ooredoo first quarter (Q1) net profit at QR584mn.
Foreign funds’ substantially weakened buying interests were mainly responsible for the 1.18% plunge in 20-stock Qatar Index this week which saw Barwa Q1 net profit at QR405mn.
There was heavy offloading, especially within large cap equities this week which witnessed Qatar Insurance’s net profit of QR230mn during January-March this year.
The Islamic stocks were seen in a better position compared with the conventional ones this week which saw Qatar Industrial Manufacturing register net profit of QR50.82mn in Q1, 2018.
Notwithstanding the overall bearish overhang, local retail investors turned bullish and there was weakened net selling pressure from domestic funds this week which saw Zad Holding report net profit of QR49.76mn in the first three months of this year.
The market witnessed a total volume of 1.43mn QATR (Masraf Al Rayan sponsored exchange traded fund or ETF) valued at QR34.01mn trade across 350 transactions and as many as 0.21mn QETF (Doha Bank sponsored ETF) valued at QR19.64mn change hands across 189deals this week which saw Gulf International Services' (GIS) first three months net profit of QR9.5mn.
The Total Return Index shed 1.18%, All Share Index 1.31% and Al Rayan Islamic Index (Price) 0.25% this week which saw as many as 26,000 sovereign bonds valued at QR254.67mn trade across two deals.
The realty index plummeted 4.21%, telecom (2.5%), industrials (1.98%), banks and financial services (1.52%) and insurance (0.77%); whereas transport and consumer goods gained 5.93% and 5.59% respectively this week which saw Mesaieed Petrochemical Holding and Nakilat dominated trading ring in volumes and value.
Major shakers included Milaha, Woqod, Doha Insurance, Gulf Warehousing and QIIB; while among major gainers were GIS, Ezdan, Alijarah Holding, Ooredoo and Zad this week which saw industrials, telecom and banking sectors accounted for about 76% of total trade volumes.
The industrials sector accounted for 32% of the total trading volume, telecom (25%), banks and financial services (19%), realty (11%), transport (6%), consumer goods (4%) and insurance (2%) this week.
The industrials sector’s share in total trade turnover was 30%, banks and financial sector (26%), consumer goods (15%), telecom (12%), real estate (7% each), transport (6%) and insurance (3%) this week.
Non-Qatari institutions’ net buying weakened significantly to QR25.97mn compared to QR192.14mn the week ended April 19.
However, local retail investors turned net buyers to the tune of QR9.32mn against net sellers of QR31.13mn the previous week.
Domestic funds’ net selling declined substantially to QR32.5mn compared to QR156.25mn a week ago.
Non-Qatari individuals’ net profit booking declined perceptibly to QR2.93mn against QR4.61mn the week ended April 19.
Total trade volume fell 9% to 56.06mn shares, value by 8% to QR1.33bn and transactions by 3% to 19,305.
There was 30% plunge in the telecom sector’s trade volume to 13.82mn equities, 17% in value to QR171.73mn and 15% in deals to 2,209.
The banks and financial services sector’s trade volume plummeted 21% to 10.78mn stocks, value by 33% to QR351.42mn and transactions by 17% to 5,272.
The market witnessed 16% shrinkage in the real estate sector’s trade volume to 6.42mn shares, 28% in value to QR97.52mn and 21% in deals to 2,314.
The transport sector’s trade volume declined 8% to 3.52mn equities, while value gained 12% to QR74.71mn and transactions by 46% to 1,856.
The insurance sector saw 5% fall in trade volume to 1.22mn stocks but on 1% jump in value to QR37.68mn and 8% in deals to 707.
However, the consumer goods sector’s trade volume soared 32% to 2.37mn shares, value by 48% to QR194.81mn and transactions by 49% to 2,361.
The industrials sector reported 32% surge in trade volume to 17.93mn equities, 20% in value to QR403.9mn and 1% in deals to 4,586.

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