The Qatar Stock Exchange Monday settled below the 10,700 levels despite the bullish grip of local retail investors and domestic funds.
The increased buying interests of the Gulf funds and individuals notwithstanding, the 20-stock Qatar Index settled 61 points or 0.57% lower at 10,679.11 points, having touched an intraday high of 10,754 points.
Foreign individuals were also increasingly net buyers on the market, whose year-to-date gains were at 2.33%.
About 77% of the traded constituents were in the red on the bourse, whose capitalisation saw about QR5bn or 0.78% decrease to QR618.24mn, mainly owing to midcap segments.
An across the board selling, particularly within consumer goods and services and real estate sector, dragged the market, which saw the industrials and consumer goods sectors together constituted more than 70% of the total trading volume.
The overall trade turnover and volumes were on the increase on the bourse, where the Islamic equities were seen declining faster than the other indices.
Foreign funds were seen net profit takers on the market, which saw a total of 82,437 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR788,373 changed hands across 17 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 0.57% to 21,139.94 points, All Share Index by 0.62% to 3,389.48 points and Al Rayan Islamic Index (Price) by 0.67% to 2,447.76 points.
The consumer goods and services sector index tanked 1.27%, realty (1.04%), insurance (0.7%), industrials (0.69%), banks and financial services (0.51%), transport (0.5%) and telecom (0.2%).
Major losers included Qatar Oman Investment, Aamal Company, Salam International Investment, Mannai Corporation, Qatari German Medical Devices, Commercial Bank, QIIB, Alijarah Holding, Medicare Group, Woqod, Baladna, Gulf International Services, Qamco, Ezdan and Mazaya Qatar; even as Qatar Cinema and Film, QLM, Doha Bank, Qatar Islamic Bank and Zad Holding were among the gainers.
Foreign funds were net sellers to the tune of QR23.94mn against net buyers of QR14.81mn on June 27.
The Arab individuals’ net profit booking grew markedly to QR6.34mn compared to QR2.45mn on Sunday.
However, Qatari individuals turned net buyers to the extent of QR14.21mn against net sellers of QR6.86mn the previous day.
The Gulf institutions’ net buying increased noticeably to QR9.49mn compared to QR2.45mn on June 27.
Domestic funds were net buyers to the tune of QR3.59mn against net sellers of QR9.06mn on Sunday.
The foreign individuals’ net buying grew perceptibly to QR1.91mn compared to QR0.85mn the previous day.
The Gulf individuals’ net buying strengthened noticeably to QR1.08mn against QR0.77mn on June 27.
The Arab institutions had no major net exposure compared with net profit takers of QR0.01mn on Sunday.
Total trade volume rose 50% to 181.41mn shares, value by 36% to QR351.81mn and transactions by 59% to 8,888.
The consumer goods and services sector’s trade volume mor3e than doubled to 78.13mn equities and value also more than doubled to QR101.13mn on 76% growth in deals to 1,916.
The insurance sector’s trade volume more than doubled to 1.51mn stocks and value almost doubled to QR5.65mn on more than doubled transactions to 247.
The transport sector’s trade volume soared 69% to 4.26mn shares and value by 23% to QR17.89mn on more than doubled deals to 264.
There was 22% surge in the industrials sector’s trade volume to 49.34mn equities, 15% in value to QR82.3mn and 24% in transactions to 1,869.
The banks and financial services sector’s trade volume shot up 16% to 24.9mn stocks and value by 25% to QR92.17mn on more than doubled deals to 2,537.
The telecom sector reported 15% expansion in trade volume to 5.88mn shares, 60% in value to QR27.61mn and 64% in transactions to 1,234.
However, the real estate sector’s trade volume tanked 15% to 17.39mn equities, value by 10% to QR25.06n and deals by 4% to 821.
The increased buying interests of the Gulf funds and individuals notwithstanding, the 20-stock Qatar Index settled 61 points or 0.57% lower at 10,679.11 points, having touched an intraday high of 10,754 points.
Foreign individuals were also increasingly net buyers on the market, whose year-to-date gains were at 2.33%.
About 77% of the traded constituents were in the red on the bourse, whose capitalisation saw about QR5bn or 0.78% decrease to QR618.24mn, mainly owing to midcap segments.
An across the board selling, particularly within consumer goods and services and real estate sector, dragged the market, which saw the industrials and consumer goods sectors together constituted more than 70% of the total trading volume.
The overall trade turnover and volumes were on the increase on the bourse, where the Islamic equities were seen declining faster than the other indices.
Foreign funds were seen net profit takers on the market, which saw a total of 82,437 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR788,373 changed hands across 17 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 0.57% to 21,139.94 points, All Share Index by 0.62% to 3,389.48 points and Al Rayan Islamic Index (Price) by 0.67% to 2,447.76 points.
The consumer goods and services sector index tanked 1.27%, realty (1.04%), insurance (0.7%), industrials (0.69%), banks and financial services (0.51%), transport (0.5%) and telecom (0.2%).
Major losers included Qatar Oman Investment, Aamal Company, Salam International Investment, Mannai Corporation, Qatari German Medical Devices, Commercial Bank, QIIB, Alijarah Holding, Medicare Group, Woqod, Baladna, Gulf International Services, Qamco, Ezdan and Mazaya Qatar; even as Qatar Cinema and Film, QLM, Doha Bank, Qatar Islamic Bank and Zad Holding were among the gainers.
Foreign funds were net sellers to the tune of QR23.94mn against net buyers of QR14.81mn on June 27.
The Arab individuals’ net profit booking grew markedly to QR6.34mn compared to QR2.45mn on Sunday.
However, Qatari individuals turned net buyers to the extent of QR14.21mn against net sellers of QR6.86mn the previous day.
The Gulf institutions’ net buying increased noticeably to QR9.49mn compared to QR2.45mn on June 27.
Domestic funds were net buyers to the tune of QR3.59mn against net sellers of QR9.06mn on Sunday.
The foreign individuals’ net buying grew perceptibly to QR1.91mn compared to QR0.85mn the previous day.
The Gulf individuals’ net buying strengthened noticeably to QR1.08mn against QR0.77mn on June 27.
The Arab institutions had no major net exposure compared with net profit takers of QR0.01mn on Sunday.
Total trade volume rose 50% to 181.41mn shares, value by 36% to QR351.81mn and transactions by 59% to 8,888.
The consumer goods and services sector’s trade volume mor3e than doubled to 78.13mn equities and value also more than doubled to QR101.13mn on 76% growth in deals to 1,916.
The insurance sector’s trade volume more than doubled to 1.51mn stocks and value almost doubled to QR5.65mn on more than doubled transactions to 247.
The transport sector’s trade volume soared 69% to 4.26mn shares and value by 23% to QR17.89mn on more than doubled deals to 264.
There was 22% surge in the industrials sector’s trade volume to 49.34mn equities, 15% in value to QR82.3mn and 24% in transactions to 1,869.
The banks and financial services sector’s trade volume shot up 16% to 24.9mn stocks and value by 25% to QR92.17mn on more than doubled deals to 2,537.
The telecom sector reported 15% expansion in trade volume to 5.88mn shares, 60% in value to QR27.61mn and 64% in transactions to 1,234.
However, the real estate sector’s trade volume tanked 15% to 17.39mn equities, value by 10% to QR25.06n and deals by 4% to 821.