About 64% of the traded constituents were in the red in the main market this week which saw Milaha’s H1 net profit at QR648mn.
The Arab retail investors turned net sellers in the main bourse this week which saw Mesaieed Petrochemical Holding (MPHC) report QR584.85mn net profit in H1-2023.
The Islamic index was seen declining slower than the other indices this week which saw Qamco register net profit of QR239.84mn in January-June 2023.
The Gulf institutions’ substantially weakened net buying had its influence in the main market this week which saw Lesha Bank’s net profit at QR44.72mn.
However, the local retail investors were bullish in the main bourse this week which saw the Qatari Investors Group record QR101.61mn net profit in the first six months of this year.
The Gulf individual investors were seen net buyers in the main market this week which saw Qatar Islamic Insurance and Beema report net profit of QR64.23mn and QR32.34mn respectively in H1-2023.
The foreign individuals continued to be bearish but with lesser vigour in the main bourse this week which saw a total of 0.29mn Masraf Al Rayan-sponsored exchange-traded fund QATR worth QR0.67mn trade across 35 deals.
The Arab retail investors’ net profit booking eased marginally in the main market this week which saw as many as 0.03mn Doha Bank-sponsored exchange-traded fund QETF valued at QR0.31mn change hands across 23 transactions.
Market capitalisation eroded QR7.21bn or 1.13% to QR630.21bn on the back of large and midcap segments this week which saw the banks and industrials sectors together constitute more than 64% of the total trade volume in the main bourse.
The Total Return Index shed 0.59%, the All Share Index by 0.85% and the All Islamic Index by 0.52% this week, which saw no trading of sovereign bonds.
The telecom index tanked 2.05%, realty (1.94%), transport (1.68%), insurance (1.26%), industrials (0.97%), banks and financial services (0.51%) and consumer goods and services (0.34%) this week which saw no trading of treasury bills.
Major losers in the main market included QLM, Salam International Investment, Qamco, Barwa, QNB, Lesha Bank, Mannai Corporation, IQ, MPHC, Estithmar Holding, Qatar Insurance, Mazaya Qatar, Vodafone Qatar, Ooredoo, Nakilat, Milaha and Gulf Warehousing. In the venture market, Mahhar Holding saw its shares depreciate in value this week which saw Baladna’s H1 net profit at QR42.3mn.
Nevertheless, Dlala, Beema, Qatar Islamic Bank, Qatar Industrial Manufacturing, Inma Holding, QIIB, Gulf International Service and Qatar Islamic Insurance were among the gainers in the main market which saw Qatari German Medical Device report net profit of QR1.56mn in January-June 2023.
The foreign funds were net sellers to the tune of QR25.24mn against net buyers of QR158.63mn the week ended August 3.
The Gulf institutions’ net buying decreased substantially to QR4.97mn compared to QR57.06mn the previous week.
However, the domestic institutions turned net buyers to the extent of QR30.27mn against net sellers of QR92.53mn a week ago.
The local retail investors were net buyers to the tune of QR8.19mn compared with net sellers of QR86.43mn the week ended August 3.
The Gulf individuals turned net buyers to the extent of QR2.24mn against net sellers of QR1.28mn the previous week.
The foreign individuals’ net profit booking shrank drastically to QR2.33mn compared to QR15.39mn a week ago.
The Arab retail investors’ net selling eased marginally to QR18.09mn against QR19.85mn the week ended August 3.
The Arab institutions had no major net exposure compared with net sellers of QR0.21mn the previous week.
The main market witnessed a 28% contraction in trade volumes to 652.92mn shares, 24% in value to QR1.76bn and 13% in deals to 70,680 this week.
In the venture market, trade volumes plunged 24% to 4.49mn equities, value by 30% to QR9.39mn and transactions by 6% to 889.