Notwithstanding some buying interests in the realty sector, the 20-stock Qatar Index stood at 9,919.41 points amid lower trade turnover and volumes.
“A successful close above the horizontal line at 10,000 points would bring back to focus this year high at around 10,500 points,” Kamco said in its research note.
Lower buying interests were seen among domestic and Gulf institutions in the bourse, which is down 4.89% year-to-date.
Both Gulf and non-Qatari individual investors turned bearish in the market, where banking, real estate, telecom and consumer goods stocks together constituted more than 83% of the total trading volume.
Market capitalisation fell 0.22% or more than QR1bn to QR534.59bn as small, micro, large and midcap equities lost 1.23%, 0.26%, 0.21% and 0.18% respectively.
The Total Return Index was rather unchanged at 16,048.95 points, while All Share Index fell 0.16% to 2,759.27 points. Al Rayan Islamic Index was up 0.09% to 3,860.13 points.
Insurance stocks shrank 1.09%, consumer goods (0.5%), telecom (0.4%), transport (0.39%), industrials (0.32%) and banks and financial services (0.26%); while real estate gained 0.78%.
About 62% of the stocks were in the red with major losers being QNB, Commercial Ban, Qatar National Cement, Industries Qatar, Qatari Investors Group, Mannai Corporation, Gulf International Services, Qatar Insurance, Mazaya Qatar, Ooredoo, Vodafone Qatar, Islamic Holding Group and Widam Food.
However, Ezdan, Barwa, United Development Company, Doha bank, QIIB and Dlala were seen bucking the trend.
Domestic institutions’ net buying weakened to QR5.48mn compared to QR9.35mn the previous day.
The GCC (Gulf Cooperation Council) institutions’ net buying also fell to QR2.39mn against QR4.95mn on June 21.
The GCC individual investors turned net sellers to the tune of QR2.63mn compared with net buyers of QR0.42mn on Tuesday.
Non-Qatari individual investors were also net sellers to the extent of QR2.07mn against net buyers of QR0.93mn the previous day.
However, non-Qatari institutions turned net buyers to the tune of QR2.83mn compared with net sellers of QR5.03mn on June 21.
Local retail investors’ net profit booking weakened to QR5.99mn against QR10.63mn on Tuesday.
Total trade volume fell 32% to 3.15mn shares, value by 38% to QR108.73mn and deals by 9% to 2,148.
The industrials sector reported 71% plunge in trade volume to 0.36mn equities, 65% in value to QR17.27mn and 22% in transactions to 403.
The transport sector’s trade volume plummeted 61% to 0.12mn stocks, value by 72% to QR4.6mn and deals by 24% to 107.
There was 50% shrinkage in the insurance sector’s trade volume to 0.03mn shares, 52% in value to QR2mn and 36% in transactions to 50.
The banks and financial services sector’s trade volume tanked 34% to 0.91mn equities, value by 21% to QR46.07mn and deals by 3% to 641.
The real estate sector saw 28% decline in trade volume to 0.69mn stocks and 33% in value to QR14.85mn but on 10% increase in transactions to 524.
However, the consumer goods sector’s trade volume soared 76% to 0.51mn shares, while value shrank 15% to QR14.83mn and deals by 30% to 201.
The market witnessed 30% surge in the telecom sector’s trade volume to 0.52mn equities, 41% in value to QR9.11mn and 14% in transactions to 222.
In the debt market, there was no trading of treasury bills and government bonds.
