The Qatar Stock Exchange Sunday opened the week with its key plunging 102 points to a tad above 12,100 points, mainly dragged by the telecom, insurance and industrials sectors.
The local retail investors’ net buying weakened significantly as the 20-stock Qatar Index fell 0.84% to 12,110.92 points, although it touched an intraday high of 12,206 points.
The Gulf individual investors turned net sellers, albeit at lower levels, in the market, whose year-to-date gains truncated to 4.17%.
The foreign retail investors’ weakened net buying also had its influence in the main bourse, whose capitalisation saw QR3.96bn or 0.58% erosion to QR674.64bn, mainly on the back of midcap segments.
The Islamic index was seen declining slower than the main index in the market, which saw a total of 0.03mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.22mn changed hands across 19 deals.
Trade turnover and volumes were on the decline in both the main and venture markets.
The Arabic retail investors continued to be net buyers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.
The foreign institutions also continued to be net buyers but with lesser vigour in the main market, which saw no trading of treasury bills.
The Total Return Index shed 0.84%, All Share Index by 0.67% and Al Rayan Islamic Index (Price) by 0.63%.
The telecom sector index tanked 1.99%, insurance (1.54%), industrials (1.16%), transport (0.55%) and banks and financial services (0.52%); while real estate gained 0.13% and consumer goods and services (0.03%).
More than 65% of the traded constituents were in the red in the main market and included Qatar Insurance, Ooredoo, Nakilat, Widam Food, Dlala, Qatar Islamic Bank, Qatari German Medical Devices, Qatar Electricity and Water, Industries Qatar and Gulf International Services. In the venture market, Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Doha Insurance, Qatar National Cement, Mazaya Qatar, Al Meera, Milaha and Estithmar Holding were among the gainers in the main market.
The Gulf individuals turned net sellers to the tune of QR0.02mn compared with net buyers of QR0.82mn on November 17.
The local retail investors’ net buying declined significantly to QR1.56mn against QR16.93mn the previous trading day.
The foreign individual investors’ net buying shrank noticeably to QR6.28mn compared to QR9.58mn last Thursday.
The Arab retail investors’ net buying weakened perceptibly to QR0.07mn against QR1.79mn on November 17.
The Arab institutions’ net buying eased marginally to QR0.13mn compared to QR0.53mn the previous day.
However, the Gulf institutions were net buyers to the extent of QR0.2mn against net sellers of QR14mn last Thursday.
The domestic institutions’ net selling decreased notably to QR7.73mn compared to QR12.88mn on November 17.
The foreign institutions’ net profit booking faded noticeably to QR0.51mn against QR2.75mn the previous trading day.
Total trade volume in the main market shrank 32% to 73.83mn shares, value by 58% to QR205.57mn and deals by 51% to 7,808.
The venture market saw 40% shrinkage in trade volumes to 0.06mn equities and 39% in value to QR0.45mn but on 2% jump in transactions to 47.