The Qatar Stock Exchange on Monday witnessed profit booking after three consecutive days of bullish spell, and its key index fell 78 points to retreat below the 10,000 mark, mainly on increased net selling by local retail investors.
An across-the-board selling, particularly in the banking and consumer goods, led the 20-stock Qatar Index shed 0.78% to 9,932.34 points.
Gulf institutions turned net sellers and there was lower buying support from non-Qatari individual investors on the bourse, whose year-to-date losses have widened to 4.77%.
Trade turnover and volumes, however, expanded in the market, where telecom, realty, industrials and banking sectors together accounted for more than 94% of the total volume.
Islamic stocks were seen declining faster than the conventional ones on the bourse, where large caps severely underperformed.
Market capitalisation eroded about QR5bn or 0.86% to QR534.01bn as large, mid and small cap equities fell 0.94%, 0.67% and 0.63% respectively, while microcaps gained 0.32%.
The Total Return Index shed 0.78% to 16,069.87 points, All Share Index by 0.78% to 2,732.37 points and Al Rayan Islamic Index by 0.83% to 3,678.4 points.
Banks and financial services saw their index tank 1.08%, consumer goods (0.82%), insurance (0.74%), industrials (0.7%), transport (0.62%), real estate (0.42%) and telecom (0.25%).
More than 64% of the traded stocks were in the red with major losers QNB, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Industries Qatar, Qatari Investors Group, Mesaieed Petrochemical Holding, Qatar Insurance, Barwa, Mazaya Qatar, Ooredoo and Gulf Warehousing; even as Gulf International Services, Ezdan, Vodafone Qatar and Qatar First Bank were seen making modest gains.
Local retail investors’ net profit booking strengthened considerably to QR107.25mn compared to QR15.38mn on December 2.
The GCC (Gulf Cooperation Council) institutions turned net sellers to the tune of QR16.09mn against net buyers of QR21.44mn on Sunday.
Non-Qatari individual investors’ net buying weakened perceptibly to QR2.04mn compared to QR9.4mn the previous day.
However, non-Qatari institutions turned net buyers to the extent of QR87.25mn against net sellers of QR6.28mn on December 2.
Domestic institutions were also net buyers to the tune of QR33.92mn compared with net sellers of QR9.34mn on Sunday.
The GCC individual investors’ net buying rose marginally to QR0.17mn against QR0.16mn the previous day.
Total trade volume rose 46% to 12.67mn shares, value by 67% to QR333.89mn and deals by 1% to 3,388.
The telecom sector’s trade volume almost doubled to 6.64mn equities and value more than doubled to QR69.63mn on 8% rise in transactions to 588.
The industrials sector reported 74% surge in trade volume to 1.9mn stocks to more than triple value to QR108.9mn but on 22% fall in deals to 556.
The real estate sector’s trade volume soared 66% to 1.99mn shares to more than double value to QR69.63mn on 30% increase in transactions to 670.
The market witnessed 43% expansion in the transport sector’s trade volume to 0.2mn equities but on 4% fall in value to QR5.69mn.
Deals gained 71% to 261.
However, the consumer goods sector’s trade volume plummeted 36% to 0.47mn stocks; while value rose 11% to QR32.08mn.
Transactions were down 12% to 429.
The banks and financial services sector saw 30% plunge in trade volume to 1.38mn shares, 4% in value to QR61.39mn and 3% in deals to 811.
The insurance sector’s trade volume tanked 11% to 0.08mn equities, while value was up 14% to QR6.55mn.
Transactions shrank 39% to 73.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf institutions turned net sellers and there was lower buying support from non-Qatari individual investors on the bourse, whose year-to-date losses have widened to 4.77%.
Trade turnover and volumes, however, expanded in the market, where telecom, realty, industrials and banking sectors together accounted for more than 94% of the total volume.
Islamic stocks were seen declining faster than the conventional ones on the bourse, where large caps severely underperformed.
Market capitalisation eroded about QR5bn or 0.86% to QR534.01bn as large, mid and small cap equities fell 0.94%, 0.67% and 0.63% respectively, while microcaps gained 0.32%.
The Total Return Index shed 0.78% to 16,069.87 points, All Share Index by 0.78% to 2,732.37 points and Al Rayan Islamic Index by 0.83% to 3,678.4 points.
Banks and financial services saw their index tank 1.08%, consumer goods (0.82%), insurance (0.74%), industrials (0.7%), transport (0.62%), real estate (0.42%) and telecom (0.25%).
More than 64% of the traded stocks were in the red with major losers QNB, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Industries Qatar, Qatari Investors Group, Mesaieed Petrochemical Holding, Qatar Insurance, Barwa, Mazaya Qatar, Ooredoo and Gulf Warehousing; even as Gulf International Services, Ezdan, Vodafone Qatar and Qatar First Bank were seen making modest gains.
Local retail investors’ net profit booking strengthened considerably to QR107.25mn compared to QR15.38mn on December 2.
The GCC (Gulf Cooperation Council) institutions turned net sellers to the tune of QR16.09mn against net buyers of QR21.44mn on Sunday.
Non-Qatari individual investors’ net buying weakened perceptibly to QR2.04mn compared to QR9.4mn the previous day.
However, non-Qatari institutions turned net buyers to the extent of QR87.25mn against net sellers of QR6.28mn on December 2.
Domestic institutions were also net buyers to the tune of QR33.92mn compared with net sellers of QR9.34mn on Sunday.
The GCC individual investors’ net buying rose marginally to QR0.17mn against QR0.16mn the previous day.
Total trade volume rose 46% to 12.67mn shares, value by 67% to QR333.89mn and deals by 1% to 3,388.
The telecom sector’s trade volume almost doubled to 6.64mn equities and value more than doubled to QR69.63mn on 8% rise in transactions to 588.
The industrials sector reported 74% surge in trade volume to 1.9mn stocks to more than triple value to QR108.9mn but on 22% fall in deals to 556.
The real estate sector’s trade volume soared 66% to 1.99mn shares to more than double value to QR69.63mn on 30% increase in transactions to 670.
The market witnessed 43% expansion in the transport sector’s trade volume to 0.2mn equities but on 4% fall in value to QR5.69mn.
Deals gained 71% to 261.
However, the consumer goods sector’s trade volume plummeted 36% to 0.47mn stocks; while value rose 11% to QR32.08mn.
Transactions were down 12% to 429.
The banks and financial services sector saw 30% plunge in trade volume to 1.38mn shares, 4% in value to QR61.39mn and 3% in deals to 811.
The insurance sector’s trade volume tanked 11% to 0.08mn equities, while value was up 14% to QR6.55mn.
Transactions shrank 39% to 73.
In the debt market, there was no trading of treasury bills and government bonds.
