The Qatar Stock Exchange Sunday opened the week weak with its key index losing 30 points, dragged mainly by telecom sector.

Gulf Times

The weakened net buying interests of local retail investors and Gulf funds had its profound impact on dragging the sentiments as the 20-stock Qatar Index fell 0.28% to 10,426.32 points.
Some 49% of the traded constituents were in the red in the main market, which touched an intraday high 10,477 points.
The foreign individuals were seen net profit takers in the main bourse, whose year-to-date losses widened to 2.39%.
However, the Arab individuals were seen increasingly into net buying in the main bourse, whose capitalisation shed QR2.1bn or 0.34% to QR619.98bn, mainly on account of small and microcap segments.
The foreign institutions continued to be net sellers but with lesser vigour in the main market, which saw a total of 0.44mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.01mn changed hands across 25 deals.
However, the Gulf retail investors were net buyers, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen declining slower than then main index in the main market, which saw no trading of treasury bills.
The Total Return Index declined 0.28%, All Share Index by 0.2% and Al Rayan Islamic Index (Price) by 0.11% in the main bourse, whose trade turnover and volumes were on the decline.
The telecom sector index tanked 2.19% and banks and financial services (0.46%); while insurance gained 1.46%, industrials (0.27%), consumer goods and services (0.25%), real estate (0.2%) and transport (0.01%).
Major shakers in the main market included Inma Holding, Ooredoo, Medicare Group, Al Khaleej Takaful, Ahlibank Qatar, Widam Food and Gulf Warehousing. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
Nevertheless, Qatari German Medical Devices, Mazaya Qatar, Lesha Bank, Qatar Oman Investment, Salam International Investment, Qatar Insurance, Beema and QLM were among the gainers in the main market.
The foreign individuals turned net sellers to the tune of QR1.51mn compared with net buyers of QR4.62mn on May 25.
The Qatari individuals’ net buying declined significantly to QR13.27mn against QR50.68mn the previous trading day.
The Gulf institutions’ net buying weakened noticeably to QR14.92mn compared to QR23.31mn last Thursday.
However, the Arab individual investors’ net buying grew markedly to QR7.1mn against QR6.72mn on May 25.
The Gulf retail investors were net buyers to the extent of QR0.13mn compared with net sellers of QR1.48mn the previous trading day.
The domestic institutions’ net profit booking shrank significantly to QR1.09mn against QR33.7mn last Thursday.
The foreign institutions’ net selling decreased drastically to QR32.83mn compared to QR50.03mn on May 25.
The Arab institutions had no major net exposure against net sellers to the tune of QR0.11mn the previous trading day.
The main market saw 21% shrinkage in trade volumes to 257.37mn shares, 34% in value to QR494.83mn and 32% in deals to 15,529.
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