Notwithstanding stronger buying in the telecom and transport counters, Qatar Stock Exchange on Wednesday settled in the negative turf amidst shrinking trade turnover and volumes.
Domestic institutions were seen net sellers and their foreign counterparts’ net buying weakened substantially, leading the 20-stock Qatar Index close 0.04% or four points lower at 10,252.9 points.
Domestic institutions were seen net sellers and their foreign counterparts’ net buying weakened substantially, leading the 20-stock Qatar Index close 0.04% or four points lower at 10,252.9 points.
However, gainers outnumbered losers in the market, whose year-to-date losses were seen at 1.69%.
Amidst marginal bearish sentiments, mid and microcap equities found favour among investors in the bourse, where banking and telecom stocks together accounted for about 64% of the total volumes.
Selling pressure was mainly confined within realty, insurance and industrials counters in the market, where Gulf institutions’ net selling weakened and local retail investors turned bullish.
Market capitalisation rose 0.16% or QR89mn to QR551.54bn as mid, micro and large cap equities gained 0.71%, 0.41% and 0.2% respectively; while small caps were down 0.05%.
The Total Return Index was down 0.04% to 16,588.51 points, while All Share Index rose 0.09% to 2,837.84 points and Al Rayan Islamic Index by 0.01% to 3,868.33 points.
Real estate stocks shrank 0.93%, insurance (0.82%) and industrials (0.12%); whereas telecom soared 2.02%, transport (1.45%), consumer goods (0.51%) and banks and financial services (0.32%).
Among the influential losers were Barwa, Ezdan, Qatar Insurance, Qatar Electricity and Water, Aamal Company and Doha Bank; even as Ooredoo, Nakilat, Qatari Investors Group, QIIB, al khaliji and Salam International Investment were seen gaining modestly.
Domestic institutions turned net sellers to the tune of QR12.62mn against net buyers of QR35.38mn on September 20.
Non-Qatari institutions’ net buying plunged to QR21.22mn compared to QR41.88mn the previous day.
The GCC (Gulf Cooperation Council) individual investors were net sellers to the extent of QR8.06mn against net buyers of QR1.67mn on Tuesday.
However, local retail investors turned net buyers to the tune of QR4.75mn compared with net sellers of QR52.73mn on September 20.
Non-Qatari individual investors were also net buyers to the extent of QR4.05mn against net sellers of QR3.79mn the previous day. The GCC institutions’ net profit booking fell substantially to QR9.35mn compared to QR22.45mn on Tuesday.
Total trade volume fell 57% to 3.68mn shares, value by 47% to QR195.59bn and deals by 43% to 2,969.
The consumer goods sector saw 80% plunge in trade volume to 0.08mn equities, 94% in value to QR3.02mn and 57% in transactions to 110.
The transport sector’s trade volume plummeted 68% to 0.16mn stocks, value by 76% to QR3.8mn and deals by 52% to 207.
The market witnessed 66% shrinkage in the industrials sector’s trade volume to 0.48mn shares, 49% in value to QR38.85mn and 47% in transactions to 609.
The real estate sector’s trade volume tanked 60% to 0.52mn equities, value by 59% to QR11.98mn and deals by 29% to 355.
The banks and financial services sector’s trade volume shrank 51% to 1.46mn stocks, value by 27% to QR98.41mn and transactions by 48% to 882.
The telecom sector reported 50% drop in trade volume to 0.88mn shares, value by 38% to QR31.68mn and deals by 18% to 697.
The insurance sector’s trade volume declined 42% to 0.11mn equities, value by 48% to QR7.85mn and transactions by 70% to 109.
In the debt market, there was no trading of treasury bills and government bonds.
Amidst marginal bearish sentiments, mid and microcap equities found favour among investors in the bourse, where banking and telecom stocks together accounted for about 64% of the total volumes.
Selling pressure was mainly confined within realty, insurance and industrials counters in the market, where Gulf institutions’ net selling weakened and local retail investors turned bullish.
Market capitalisation rose 0.16% or QR89mn to QR551.54bn as mid, micro and large cap equities gained 0.71%, 0.41% and 0.2% respectively; while small caps were down 0.05%.
The Total Return Index was down 0.04% to 16,588.51 points, while All Share Index rose 0.09% to 2,837.84 points and Al Rayan Islamic Index by 0.01% to 3,868.33 points.
Real estate stocks shrank 0.93%, insurance (0.82%) and industrials (0.12%); whereas telecom soared 2.02%, transport (1.45%), consumer goods (0.51%) and banks and financial services (0.32%).
Among the influential losers were Barwa, Ezdan, Qatar Insurance, Qatar Electricity and Water, Aamal Company and Doha Bank; even as Ooredoo, Nakilat, Qatari Investors Group, QIIB, al khaliji and Salam International Investment were seen gaining modestly.
Domestic institutions turned net sellers to the tune of QR12.62mn against net buyers of QR35.38mn on September 20.
Non-Qatari institutions’ net buying plunged to QR21.22mn compared to QR41.88mn the previous day.
The GCC (Gulf Cooperation Council) individual investors were net sellers to the extent of QR8.06mn against net buyers of QR1.67mn on Tuesday.
However, local retail investors turned net buyers to the tune of QR4.75mn compared with net sellers of QR52.73mn on September 20.
Non-Qatari individual investors were also net buyers to the extent of QR4.05mn against net sellers of QR3.79mn the previous day. The GCC institutions’ net profit booking fell substantially to QR9.35mn compared to QR22.45mn on Tuesday.
Total trade volume fell 57% to 3.68mn shares, value by 47% to QR195.59bn and deals by 43% to 2,969.
The consumer goods sector saw 80% plunge in trade volume to 0.08mn equities, 94% in value to QR3.02mn and 57% in transactions to 110.
The transport sector’s trade volume plummeted 68% to 0.16mn stocks, value by 76% to QR3.8mn and deals by 52% to 207.
The market witnessed 66% shrinkage in the industrials sector’s trade volume to 0.48mn shares, 49% in value to QR38.85mn and 47% in transactions to 609.
The real estate sector’s trade volume tanked 60% to 0.52mn equities, value by 59% to QR11.98mn and deals by 29% to 355.
The banks and financial services sector’s trade volume shrank 51% to 1.46mn stocks, value by 27% to QR98.41mn and transactions by 48% to 882.
The telecom sector reported 50% drop in trade volume to 0.88mn shares, value by 38% to QR31.68mn and deals by 18% to 697.
The insurance sector’s trade volume declined 42% to 0.11mn equities, value by 48% to QR7.85mn and transactions by 70% to 109.
In the debt market, there was no trading of treasury bills and government bonds.
