The Qatar Stock Exchange Monday shed more than 50 points despite buying support from the local, Arab and foreign retail investors.

Gulf Times

The telecom, realty and banking sectors witnessed higher than average net profit booking as the 20-stock Qatar Index shed 0.48% to 10,336.17 points.
The foreign institutions were seen bearish in the main market, whose year-to-date losses widened to 3.23%.
About 71% of the traded constituents were in the red in the main bourse, which however touched an intraday high of 10,393 points.
The Gulf individuals were seen net sellers in the main market, whose capitalisation eroded QR3.88bn or 0.63% to QR609.97bn with small and midcap segments losing the most.
The Gulf funds lower net buying interests was visible in the main bourse, which saw a total of 0.61mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.46mn changed hands across 87 deals.
The domestic institutions continued to be net profit takers but with lesser intensity in the main market, which saw no trading of sovereign bonds.
The Islamic index was seen declining faster than the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index fell 0.48%, All Share Index by 0.55% and Al Rayan Islamic Index (Price) by 0.58% in the main bourse, whose trade turnover grew amidst lower volumes.
The telecom sector index tanked 1.74%, realty (0.97%), banks and financial services (0.76%), consumer goods and services (0.47%), transport (0.46%) and insurance (0.4%); while industrials gained 0.21%.
Major shakers in the main market included Qatar Oman Investment, Salam International Investment, Qatar Industrial Manufacturing, Medicare Group, Ahlibank Qatar, Commercial Bank, Alijarah Holding, Qatari German Medical Devices, Widam Food, Qatar National Cement, Qamco and Ooredoo.
Nevertheless, Gulf International Services, Meeza, Gulf Warehousing, Qatar Islamic Insurance and Estithmar Holding were among the gainers in the main bourse. In the venture market, both Al Faleh Educational Holding and Mahhar Holding saw their stocks appreciate in value.
The foreign institutions were net sellers to the tune of QR36.3mn compared with net buyers of QR0.42mn on August 27.
The Gulf individual investors were net sellers to the extent of QR2.31mn against net buyers of QR0.27mn the previous day.
The Gulf institutions’ net buying weakened noticeably to QR5.57mn compared to QR12.24mn on Sunday.
However, the local individuals turned net buyers to the tune of QR29.8mn against net sellers of QR5.83mn on August 27.
The Arab retail investors’ net buying increased considerably to QR8.74mn compared to QR4.82mn the previous day.
The foreign individuals’ net buying strengthened markedly to QR5.44mn against QR1.72mn on Sunday.
The domestic funds’ net profit booking shrank perceptibly to QR10.93mn compared to QR13.64mn on August 27.
The Arab institutions had no major net exposure for the third straight session.
Trade volumes in the main market was down 1% to 135.23mn shares, while value rose 27% to QR373.53mn and deals by 35% to 14,478.
The venture market saw a 30% contraction in trade volumes to 0.51mn equities, 29% in value to QR1.11mn and 18% in transactions to 140.
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