Business Reporter
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| Foreign institutions were bearish on the Qatar bourse yesterday as they were net sellers to the tune of 4.29 against net buyers of 6.09% the previous day |
Led down by large and mid cap segments, the 20-stock benchmark fell 0.31% or 26 points to 8,405.59. The market is down 3.18% year-to-date.
Commercialbank, Masraf Al Rayan, Industries Qatar, Nakilat and Barwa were among those hit by selling pressure.
The indices of industry, services and lenders fell 0.66%, 0.31% and 0.25% respectively; while insurance gained 0.25%.
Market capitalisation was down 0.26% or more than QR1bn to QR440.21bn mainly on large and mid cap equities, which fell 0.34% and 0.25% respectively.
Of the 42 stocks, 19 advanced, while 21 declined and one was unchanged. Another one was not traded.
Foreign institutions turned bearish as they were net sellers to the tune of 4.29% against net buyers of 6.09% the previous day.
A much lower 11.72% of them were into buying compared to 25.92% on Sunday and a lower 16.01% were into selling against 19.83%.
Domestic institutions were however increasingly bullish as their net buying surged to 10.96% from 0.27% the previous day.
A much higher 32.21% of them bought equities against 22.08% on Sunday whereas a marginally lower 21.25% of them sold compared to 21.81%.
Qatari individual investors continued to be profit-takers but with lesser intensity as their net selling fell to 1.29% from 5.37% the previous day.
A marginally higher 41.20% of them purchased equities compared to 40.43% on Sunday while a lower 42.49% sold against 45.80%.
Non-Qatari retail investors’ bearish grip strengthened as their net selling shot up to 5.39% from 0.98% the previous day.
A higher 14.87% of them were into buying compared to 11.57% on Sunday and a higher 20.26% were into offloading against 12.55%.
Total trading volume shrank 46% to 4.91mn equities, value by 47% to QR190.30mn and deals by 28% to 3,851.
The banks’ trading volume plummeted 70% to 1.25mn equities, value by 63% to QR50.28mn and transactions by 45% to 901.
The industrial sector’s trading volume plunged 58% to 0.41mn shares, value by 62% to QR36.93mn and deals by 44% to 580.
The services sector’s trading volume tanked 21% to 2.95mn shares, value by 23% to QR85.87mn and transactions by 18% to 1,983.
However, the insurance sector’s trading volume gained 43% to 0.30mn shares, value by 49% to QR17.23mn and deals by 55% to 387
Actively traded stocks (in terms of volume) were Rayan (708,398 shares); Barwa (578,387); Qatar Oman Investment (429,610); National Leasing (305,855) and Mazaya Qatar (277,548).