Business Reporter
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| Domestic institutions’ bullish grip considerably slackened on the QE yesterday as their net buying sunk to 1.96% from 10.63% the previous day |
But al khaliji, who along with International Bank of Qatar have called off their merger talks, bucked the trend.
The QE is down 6.50% year-to-date.
Industries Qatar (IQ), Qatar Telecom and National Leasing were among the hard hit.
The industrial index shrank 2.11% and services fell 0.60%, while insurance gained 0.37% and banks index was unchanged.
Market capitalisation was down 0.14% or QR59mn to QR435.58bn with large and small cap equities notably losing 0.56% and 0.26% respectively.
Of the 42 stocks, 14 advanced, while 17 declined, eight were unchanged and three were not traded.
Domestic institutions’ bullish grip considerably slackened as their net buying sunk to 1.96% from 10.63% the previous day.
A lower 13.68% of them bought equities against 20.34% on Sunday; while a higher 11.72% of them sold compared to 9.71%.
Non-Qatari retail investors continued to be bullish, but with lesser intensity, as their net buying fell to 3.71% from 9.72% the previous day.
A lower 13.51% of them were into buying compared to 18.47% on Sunday; while a marginally higher 9.80% were into offloading against 8.75%.
Foreign institutions continued to be profit-takers but with lesser vigour as their net selling sunk to 20.64% from 36.16% the previous day.
A much higher 27.64% of them were into buying compared to 11.22% on Sunday although a marginally higher 48.28% were into selling against 47.38%.
Qatari Individual investors’ bullish grip marginally eased as their net buying fell to 14.96% from 15.82% the previous day.
A lower 45.17% of them purchased equities against 49.98% on Sunday and a lower 30.21% sold compared to 34.16%.
Total trading volume was down 4% to 4.70mn, equities whereas value gained 37% to QR201.13mn and deals rose 8% to 3,208.
The insurance sector’s trading volume plummeted 50% to 0.03mn shares, value by 56% to QR1.77mn and transactions by 61% to 24. Banks’ trading volume plunged 24% to 1.94mn equities but value rose 7% to QR80.28mn while deals were down 17% to 1,140.
However, the services sector’s trading volume soared 22% to 2.19mn shares, value by 38% to QR60.72mn and transactions by 11% to 1,364.
The industrial sector witnessed a 15% gain in trading volume to 0.54mn shares, value more than doubled to QR58.36mn and deals also more than doubled to 680.
Actively traded stocks (in terms of volume) were Masraf Al Rayan (1.17mn shares); Barwa (774,853); IQ (397,997); Nakilat (304,775) and Qatar Oman Investment (286,692).