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The Qatar Exchange continued to remain in the bearish grip yesterday mainly dragged by telecom, industrials and consumer goods equities.
Net selling pressure from local retail investors and foreign institutions led the 20-stock Qatar Index (based on price data) to knock off another 0.15% to 9,640.54 points.
Industries Qatar, Gulf International Services, Vodafone Qatar and Milaha were among major losers; even as United Development Company (UDC), Ezdan Real Estate and Doha Bank bucked the trend.
UDC, Qatar Insurance, Qatar Islamic Bank and Commercial Bank were among the most active by volume and value in the market, which is up 15.33% year-to-date (YTD).
The 20-stock Total Return Index fell 0.14% to 13,774.13 points, the All Share Index (comprising wider constituents) by 0.19% to 2,430.82 points and the Al Rayan Islamic Index by 0.22% to 2,848.03 points.
All the three indices factored in dividend income as well.
Under the All Share Index category, the telecom index shrank 0.71%, followed by industrials (0.66%), consumer goods (0.58%) and transport (0.11%); while insurance gained 0.85%, followed by realty (0.74%) and banks and financial services (0.04%).
Market capitalisation stood at QR529.52bn. Of the 42 stocks, only 13 advanced, while 22 declined, five were unchanged and two were not traded.
Foreign institutions were net sellers to the tune of 12.08% as a higher 26.21% of them were into offloading compared to 14.13% who bought equities.
Domestic institutions were net buyers to the extent of 14.66% with 33.43% of them into buying against 18.77% who sold.
Qatari individual investors were net sellers to the tune of 4.58% as a higher 42.83% of them sold compared to 38.25% of who bought stocks.
Non-Qatari individual investors were net buyers to the extent of 2% as a higher 14.19% of them bought equities against 12.19% who sold.
A total of 6.40mn stocks valued QR275.20mn changed hands across 3,489 transactions.
The realty sector saw a total of 2.08mn shares with a value of QR45.40mn trade across 629 deals; while the banks and financial services sector witnessed 2.27mn equities worth QR112.43mn change hands across 1,310 transactions.
A total of 0.52mn industrials stocks valued at QR42.13mn were traded in 496 deals and a total of 0.58mn insurance equities worth QR33.68mn changed hands across 340 transactions.
Consumer goods sector saw 0.27mn shares worth QR16.36mn change hands across 266 deals.
Telecom and transport sectors reported volumes of 0.33mn and 0.34mn, value of QR10.23mn and QR14.99mn and transactions of 137 and 311 respectively.
In the debt market, there was no trading of treasury bills and bonds.