The Qatar Stock Exchange edged down marginally on the back of selling pressure, especially in the real estate and consumer goods sectors, a day after it lost heavily on global

Gulf Times

concerns about China’s smaller cut in rates.
The Gulf individuals were seen net sellers as the 20-stock Qatar Index settled mere 0.05% lower at 10,454.75 points.
More than 55% of the traded constituents were in the red in the main market, whose year-to-date losses widened to 2.12%.
The foreign retail investors were seen net profit takers in the main bourse, which was on a rollercoaster ride for most part of the session with the index touching an intraday high of 10,533 points.
The domestic institutions’ weakened net buying interests had its influence in the main market, whose capitalisation was down QR0.39bn or 0.06% to QR615.03bn with microcap segments losing the most.
The local retail investors’ lower net buying also had its say in the main bourse, which saw a total of 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.05mn changed hands across five deals.
The foreign funds continued to be net sellers but with lesser vigour in the main market, which saw no trading of sovereign bonds.
The Islamic index made gains vis-à-vis declines in the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index was down 0.05% and All Share Index by 0.02%, while Al Rayan Islamic Index (Price) was up 0.03% in the main bourse, whose trade turnover and volumes were on the decline.
The real estate sector index declined 0.8%, consumer goods and services (0.34%), transport (0.12%) and banks and financial services (0.04%); whereas telecom gained 0.71%, insurance (0.43%) and industrials (0.08%).
Major losers in the main market included Widam Food, Inma Holding, Medicare Group, Ezdan, Salam International Investment, Qatari German Medical Devices, Al Meera and Mazaya Qatar. In the junior bourse, Mahhar Holding saw its shares depreciate in value.
Nevertheless, Qatar National Cement, Doha Insurance, Estithmar Holding, Mekdam Holding and Mesaieed Petrochemical Holding were among the gainers in the main market. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
The Gulf individuals were net sellers to the extent of QR1.58mn compared with net buyers of QR1.48mn on August 21.
The foreign retail investors turned net sellers to the tune of QR1.06mn against net buyers of QR3.34mn on Monday.
The domestic institutions’ net buying decreased significantly to QR3.4mn compared to QR18.91mn the previous day.
The local retail investors’ net buying weakened noticeably to QR2.32mn against QR5.27mn on August 21.
However, the Gulf institutions were net buyers to the extent of QR2.68mn compared with net sellers of QR2.54mn on Monday.
The Arab individual investors turned net buyers to the tune of QR0.07mn against net sellers of QR4.74mn the previous day.
The foreign institutions’ net profit booking decreased substantially to QR6.33mn compared to QR21.72mn on August 21.
The Arab institutions had no major net exposure for the third straight session.
Trade volumes in the main market tanked 18% to 126.58mn shares, value by 23% to QR334.67mn and deals by 25% to 14,160.
The venture market saw an 87% contraction in trade volumes to 0.2mn equities, 88% in value to QR0.44mn and 83% in transactions to 58.
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