The Qatar Stock Exchange (QSE) Monday saw more than 62% of the traded constituents extend gains to investors, even as the market was largely flat.
The market had risen to intraday high of 10,685 points but later lost steam as it finally settled mere five points or 0.05% lower at 10,624.58 points.
The consumer goods, banking and real estate counters witnessed higher than average selling pressure in the main market, whose year-to-date losses widened marginally to 1.28%.
The local retail investors were seen increasingly net sellers in the main bourse, whose capitalisation shed QR1.67bn or 0.27% to QR627.96bn mainly owing to small cap segments.
The Gulf institutions turned net sellers in the main market, whose trade turnover and volumes were on the rise.
The domestic funds’ weakened net buying had its influence on the main bourse, which saw as many as 2,153 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR4,949 trade across three deals.
The foreign institutions’ lower net buying also had its impact on the main market, which saw no trading of sovereign bonds.
The Islamic index was seen declining faster than the key barometer of the main bourse, which saw no trading of treasury bills.
The Al Rayan Islamic Index fell 0.4% and the All Share Index 0.03%; while the Total Return Index was up 0.06% in the main bourse.
The consumer goods and services sector index shed 0.46%, banks and financial services (0.44%) and real estate (0.2%); while industrials gained 1.22%, telecom (1.18%) and transport (0.06%). The insurance index was rather unchanged.
As many as 33 gained, while 18 gained and two were unchanged in the main market.
Major shakers in the main market included Al Faleh Educational Holding, QLM, Dukhan Bank, Commercial Bank, Woqod and Doha Bank.
Nevertheless, Estithmar Holding, Al Khaleej Takaful, Medicare Group, Qatar Industrial Manufacturing, Mannai Corporation, Industries Qatar, Mesaieed Petrochemical Holding, Qatar National Cement, Qamco, Vodafone Qatar, Ooredoo and Milaha were among the gainers in the main bourse. In the main market, Techno Q saw its shares appreciate in value.
The Qatari individual investors’ net selling increased noticeably to QR30.94mn compared to QR24.47mn on Sunday.
The Gulf funds turned net sellers to the tune of QR2.98mn compared with net buyers of QR1.17mn on April 12.
The domestic funds’ net buying weakened considerably to QR24.27mn against QR40.93mn the previous day.
The foreign institutions’ net buying declined markedly to QR0.65mn compared with QR7.65mn on Sunday.
However, the Arab individuals were net buyers to the extent of QR4.81mn against net sellers of QR17.55mn on April 12.
The foreign retail investors turned net buyers to the tune of QR4.53mn compared with net sellers of QR5.63mn the previous day.
The Gulf individuals’ net profit booking weakened perceptibly to QR0.35mn against QR2.11mn on Sunday.
The Arab funds had no major net exposure for the second straight session.
The main market saw 21% jump in trade volumes to 189.72mn shares, 46% in value to QR525.97mn and 81% in deals to 41,193.
In the venture market, a total of 1.76mn equities valued at QR4.31mn changed hands across 369 transactions.
