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| Major shakers on the QE yesterday included Industries Qatar, Gulf International Services, Mazaya Qatar and Nakilat; even as Aamal Holding and Vodafone Qatar bucked the trend |
The Qatar Exchange yesterday treaded almost a flat course despite strong buying support from domestic institutions.
The buying interest in mid cap equities was to a large extent contained by selling pressure in small caps that the QE Index (based on price data) was down only a marginal 0.01% on the fifth consecutive day of losses to 8,332.64 points. The market is down 5.08% year-to-date.
The All Share Index (comprising wider constituents), however, rose 0.02% to 2,007.97 points, while the Total Return Index fell 0.01% to 11,277.07 points respectively. Both the indices factored in dividend income as well.
Major shakers included Industries Qatar, Gulf International Services (GIS), Mazaya Qatar and Nakilat; even as Aamal Holding and Vodafone Qatar bucked the trend.
Under the All Share Index category, the telecom index rose 0.87%, followed by banks and financial services (0.37%) and insurance (0.20%), whereas the indices of transport, industrials, realty and consumer goods lost 0.97%, 0.63%, 0.09% and 0.03% respectively.
Market capitalisation shrank 0.13% or QR56mn to QR446.98bn with small and micro cap equities losing 0.28% and 0.03%, while mid and large caps gained 0.32% and 0.02% respectively.
Of the 42 stocks, 20 gained, while 18 declined, three were unchanged and one was not traded.
Qatari individual investors turned profit-takers as they were net sellers to the tune of 9.71% against net buyers of 4.82% the previous day.
A much lower 39.79% of them purchased equities compared to 49.02% on Sunday whereas a higher 49.50% sold against 44.20%.
Non-Qatari retail investors continued to be bullish, but with lesser vigour, as their net buying sunk to 0.35% from 3.61% the previous day.
A much lower 13.55% of them were into buying against 22.46% on Sunday and a lower 13.20% were into offloading against 18.85%.
Foreign institutions continued to be bearish, but with lesser intensity, as their net selling fell to 11.71% from 21.45% the previous day.
A higher 11.26% of them were into buying against 5.83% on Sunday, while a lower 22.97% of them into selling compared to 28.28%.
Domestic institutions were increasingly bullish as their net buying rose to 21.07% from 13.01% the previous day.
A much higher 35.40% of them bought equities compared to 22.69% on Sunday although a higher 14.33% offloaded against 9.68%.
Total trading volume shrank 39% to 5.66mn equities, value by 36% to QR167.28mn and deals by 41% to 2,749.
The transport sector’s trading volume plummeted 70% to 0.33mn shares, value by 58% to QR7.36mn and transactions by 44% to 284.
The telecom sector’s trading volume plunged 69% to 0.38mn shares, value by 52% to QR7.46mn and deals by 61% to 176.
The real estate sector’s trading volume tanked 47% to 1.42mn shares, value by 53% to QR21.51mn and transactions by 49% to 470.
The banks and financial services sector’s trading volume declined 43% to 1.05mn shares, value by 34% to QR45.42mn and deals by 33% to 805.
The insurance sector’s trading volume lost 33% to 0.06mn shares, value by 45% to QR3.58mn and transactions by 5% to 40.
The consumer goods and services sector’s trading volume was down 1% to 0.95mn shares, value by 17% to QR28.39mn and deals by 29% to 403.
However, the industrials sector’s trading volume was up 9% to 1.48mn shares, while value shrank 26% to QR53.56mn and transactions by 40% to 571.
Actively traded stocks (in terms of volume) were Mazaya Qatar (1.02mn shares); GIS (831,615); Qatari German Company for Medical Devices (777,072); Masraf Al Rayan (555,660) and Qatari Investors Group (429,457). In the debt market, there was no trading.