The Arab individuals Wednesday turned net buyers in the Qatar Stock Exchange, which otherwise snapped 10 consecutive days of bullish phase.
Notwithstanding the weakened net selling pressure from domestic funds and local retail investors, the 20-stock Qatar Index settled 31 points or 0.28% lower at 11,135.15 points, having touched an intraday high of 11,165 points.
The foreign institutions continued to be net buyers but with lesser intensity in the market, whose year-to-date gains were at 6.7%.
The real estate, insurance, transport and telecom counters witnessed higher than average selling pressure in the bourse, whose capitalisation shed more than QR2bn or 0.35% to QR641.19bn, mainly on small cap segments.
More than 64% of the traded constituents were in the red in the market, which saw the industrials and consumer goods and services sectors together constitute more than 67% of the total trading volume.
The overall trade turnover and volume were on the increase in the bourse, where the Gulf retail investors’ net profit booking weakened.
The Islamic index was seen declining faster than the other indices in the market, which saw a total of 133,414 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR1.4mn change hands across 23 deals.
The Total Return Index was down 0.28% to 22,042.7 points, All Share Index by 0.16% to 3,535.26 points and Al Rayan Islamic Index (Price) by 0.41% to 2,518.87 points in the market which saw no trading of sovereign bonds and treasury bills.
The realty sector index declined 1.35%, insurance (0.71%), transport (0.54%), telecom (0.32%), industrials (0.15%) and banks and financial services (0.03%); while consumer goods and services gained 0.13%.
Major losers included Ahlibank Qatar, Investment Holding Group, Salam International Investment, Ezdan, United Development Company, Qatar Islamic Bank, Commercial Bank, Dlala, Alijarah Holding, Aamal Company, Gulf International Services, Qamco, Qatar Insurance, QLM, Vodafone Qatar and Nakilat.
Nevertheless, Qatari German Medical Devices, Zad Holding, Mannai Corporation, Qatari Investors Group, Qatar National Cement and Gulf Warehousing were among the gainers.
The Arab individuals turned net buyers to the tune of QR7.09mn against net sellers of QR6.38mn on August 24.
The domestic funds’ net selling declined considerably to QR12.48mn compared to QR36.05mn on Tuesday.
The local retail investors’ net selling shrank drastically to QR8.42mn against QR28.76mn the previous day.
The foreign individuals’ net selling eased perceptibly to QR1.23mn compared to QR1.38mn on August 24.
The Gulf individuals’ net profit booking fell notably to QR0.04mn against QR2.05mn on Tuesday.
However, foreign funds’ net buying weakened substantially to QR13.43mn compared to QR69.92mn the previous day.
The Gulf funds’ net buying also declined markedly to QR1.64mn against QR4.69mn on Tuesday.
The Arab institutions had no major net exposure for the fourth consecutive session.
Total trade volume grew 26% to 169.67mn shares and value by 8% to Q403.35mn, while transactions fell 3% to 9,767.
The consumer goods and services sector’s trade volume tripled to 51.79mn equities and value almost tripled to QR88.48mn on more than doubled deals to 1,736.
The industrials sector’s trade volume soared 25% to 62.09mn stocks, value by 34% to QR107.64mn and transactions by less than 1% to 2,216.
There was 8% jump in the telecom sector’s trade volume to 3.2mn shares and 40% in value to QR13.62mn on more than doubled deals to 684.
However, the transport sector’s trade volume plummeted 62% to 1.98mn equities, value by 64% to QR7.25mn and transactions by 45% to 284.
The market witnessed 38% plunge in insurance sector’s trade volume to 2.27mn stocks and 24% in value to QR6.94mn but on 3% increase in deals to 165.
The banks and financial services sector’s trade volume tanked 19% to 26.28mn shares, value by 22% to QR145.3mn and transactions by 29% to 2,997.
The real estate sector saw 7% shrinkage in trade volume to 22.07mn equities, 9% in value to QR34.12mn and 18% in deals to 1,685.
In the venture market, Al Faleh was seen gaining 6.25%; while Mekdam Holding declined 1.22%.
Notwithstanding the weakened net selling pressure from domestic funds and local retail investors, the 20-stock Qatar Index settled 31 points or 0.28% lower at 11,135.15 points, having touched an intraday high of 11,165 points.
The foreign institutions continued to be net buyers but with lesser intensity in the market, whose year-to-date gains were at 6.7%.
The real estate, insurance, transport and telecom counters witnessed higher than average selling pressure in the bourse, whose capitalisation shed more than QR2bn or 0.35% to QR641.19bn, mainly on small cap segments.
More than 64% of the traded constituents were in the red in the market, which saw the industrials and consumer goods and services sectors together constitute more than 67% of the total trading volume.
The overall trade turnover and volume were on the increase in the bourse, where the Gulf retail investors’ net profit booking weakened.
The Islamic index was seen declining faster than the other indices in the market, which saw a total of 133,414 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR1.4mn change hands across 23 deals.
The Total Return Index was down 0.28% to 22,042.7 points, All Share Index by 0.16% to 3,535.26 points and Al Rayan Islamic Index (Price) by 0.41% to 2,518.87 points in the market which saw no trading of sovereign bonds and treasury bills.
The realty sector index declined 1.35%, insurance (0.71%), transport (0.54%), telecom (0.32%), industrials (0.15%) and banks and financial services (0.03%); while consumer goods and services gained 0.13%.
Major losers included Ahlibank Qatar, Investment Holding Group, Salam International Investment, Ezdan, United Development Company, Qatar Islamic Bank, Commercial Bank, Dlala, Alijarah Holding, Aamal Company, Gulf International Services, Qamco, Qatar Insurance, QLM, Vodafone Qatar and Nakilat.
Nevertheless, Qatari German Medical Devices, Zad Holding, Mannai Corporation, Qatari Investors Group, Qatar National Cement and Gulf Warehousing were among the gainers.
The Arab individuals turned net buyers to the tune of QR7.09mn against net sellers of QR6.38mn on August 24.
The domestic funds’ net selling declined considerably to QR12.48mn compared to QR36.05mn on Tuesday.
The local retail investors’ net selling shrank drastically to QR8.42mn against QR28.76mn the previous day.
The foreign individuals’ net selling eased perceptibly to QR1.23mn compared to QR1.38mn on August 24.
The Gulf individuals’ net profit booking fell notably to QR0.04mn against QR2.05mn on Tuesday.
However, foreign funds’ net buying weakened substantially to QR13.43mn compared to QR69.92mn the previous day.
The Gulf funds’ net buying also declined markedly to QR1.64mn against QR4.69mn on Tuesday.
The Arab institutions had no major net exposure for the fourth consecutive session.
Total trade volume grew 26% to 169.67mn shares and value by 8% to Q403.35mn, while transactions fell 3% to 9,767.
The consumer goods and services sector’s trade volume tripled to 51.79mn equities and value almost tripled to QR88.48mn on more than doubled deals to 1,736.
The industrials sector’s trade volume soared 25% to 62.09mn stocks, value by 34% to QR107.64mn and transactions by less than 1% to 2,216.
There was 8% jump in the telecom sector’s trade volume to 3.2mn shares and 40% in value to QR13.62mn on more than doubled deals to 684.
However, the transport sector’s trade volume plummeted 62% to 1.98mn equities, value by 64% to QR7.25mn and transactions by 45% to 284.
The market witnessed 38% plunge in insurance sector’s trade volume to 2.27mn stocks and 24% in value to QR6.94mn but on 3% increase in deals to 165.
The banks and financial services sector’s trade volume tanked 19% to 26.28mn shares, value by 22% to QR145.3mn and transactions by 29% to 2,997.
The real estate sector saw 7% shrinkage in trade volume to 22.07mn equities, 9% in value to QR34.12mn and 18% in deals to 1,685.
In the venture market, Al Faleh was seen gaining 6.25%; while Mekdam Holding declined 1.22%.
