Qatar Stock Exchange on Tuesday lost 25 points to settle below the 10,600 mark mainly on stronger selling in insurance, telecom and industrials stocks.
A substantially stronger profit booking by Gulf institutions rather led the 20-stock Qatar Index shrink 0.23% to 10,584.94 points as Qatar’s Finance Minister HE Ali Sherif al-Emadi said austerity measures to continue though pressure on state finance was easing.
Large cap equities bore the maximum brunt in the market, whose year-to-date gains were contained at 1.42%.
Islamic stocks were however seen outperforming the main index in the bourse, where buying support from local retail investors weakened and Gulf individuals also turned net sellers.
Trade turnover rose amid lower volumes in the bourse, where telecom, banking and realty sectors together accounted for more than 71% of the total volumes.
Market capitalisation was down QR0.66mn or 0.12% to QR567.86bn as large, mid and small cap equities fell 0.51%, 0.18% and 0.12% respectively, while microcaps gained 0.26%.
The Total Return Index rose 0.1% to 17,182.39 points, All Share Index by 0.09% to 2,914.85 points and Al Rayan Islamic Index by 0.34% to 3,994.61 points.
The insurance sector saw its index shrank 0.84%, telecom (0.64%), industrials (0.31%) and consumer goods (0.2%), whereas banks and financial services gained 0.43%, real estate (0.43%) and transport (0.11%).
Major losers included QNB, Commercial Bank, Qatar Insurance, Ooredoo, Gulf International Services, Qatar First Bank, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Vodafone Qatar, Nakilat and Medicare Group; even as Industries Qatar, Barwa, Mazaya Qatar, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan and Salam International Investment were among the gainers.
The GCC (Gulf Cooperation Council) institutions’ net selling grew considerably QR33.81mn against QR18.7mn on Monday.
Local retail investors’ net buying weakened perceptibly to QR1.86mn compared to QR7.5mn the previous day.
The GCC retail investors turned net sellers to the tune of QR1.1mn against net buyers of QR1.15mn on February 6.
Non-Qatari individual investors were also net sellers to the extent of QR1.83mn compared with net buyers of QR3.22mn on Monday.
However, domestic institutions turned net buyers to the tune of QR17.73mn against net sellers of QR1.72mn the previous day.
Non-Qatari institutions’ net buying increased substantially to QR17.13mn against QR8.58mn on Monday.
Total trade volume fell 4% to 8.49mn shares, while value rose 9% to QR261.47mn and deals by 22% to 3,832.
There was 46% plunge in the real estate sector’s trade volume to 1.71mn equities, 33% in value to QR39.63mn and 1% in transactions to 585.
The transport sector’s trade volume plummeted 30% to 0.31mn stocks and value by 30% to QR10.23mn, while deals gained 16% to 177. There was 7% decline in the telecom sector’s trade volume to 2.55mn shares and 14% in value to QR31.56mn but on 22% increase in transactions to 404.
However, the consumer goods sector’s trade volume more than doubled to 1.02mm equities, value expanded 10% to QR26.18mn and deals by 79% to 534.
The banks and financial services sector saw 55% surge in trade volume to 1.81mn stocks to more than doubled value to QR108.85mn on 28% jump in transactions to 1,277.
The insurance sector’s trade volume soared 38% to 0.11mn shares and value by 14% to QR8.17mn, while deals declined 29% to 73. The market witnessed 23% expansion in the industrials sector’s trade volume to 0.98mn equities but on 25% fall in value to QR36.85mn. Transactions shot up 15% to 782.
In the debt market, there was no trading of treasury bills and government bonds.
Large cap equities bore the maximum brunt in the market, whose year-to-date gains were contained at 1.42%.
Islamic stocks were however seen outperforming the main index in the bourse, where buying support from local retail investors weakened and Gulf individuals also turned net sellers.
Trade turnover rose amid lower volumes in the bourse, where telecom, banking and realty sectors together accounted for more than 71% of the total volumes.
Market capitalisation was down QR0.66mn or 0.12% to QR567.86bn as large, mid and small cap equities fell 0.51%, 0.18% and 0.12% respectively, while microcaps gained 0.26%.
The Total Return Index rose 0.1% to 17,182.39 points, All Share Index by 0.09% to 2,914.85 points and Al Rayan Islamic Index by 0.34% to 3,994.61 points.
The insurance sector saw its index shrank 0.84%, telecom (0.64%), industrials (0.31%) and consumer goods (0.2%), whereas banks and financial services gained 0.43%, real estate (0.43%) and transport (0.11%).
Major losers included QNB, Commercial Bank, Qatar Insurance, Ooredoo, Gulf International Services, Qatar First Bank, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Vodafone Qatar, Nakilat and Medicare Group; even as Industries Qatar, Barwa, Mazaya Qatar, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan and Salam International Investment were among the gainers.
The GCC (Gulf Cooperation Council) institutions’ net selling grew considerably QR33.81mn against QR18.7mn on Monday.
Local retail investors’ net buying weakened perceptibly to QR1.86mn compared to QR7.5mn the previous day.
The GCC retail investors turned net sellers to the tune of QR1.1mn against net buyers of QR1.15mn on February 6.
Non-Qatari individual investors were also net sellers to the extent of QR1.83mn compared with net buyers of QR3.22mn on Monday.
However, domestic institutions turned net buyers to the tune of QR17.73mn against net sellers of QR1.72mn the previous day.
Non-Qatari institutions’ net buying increased substantially to QR17.13mn against QR8.58mn on Monday.
Total trade volume fell 4% to 8.49mn shares, while value rose 9% to QR261.47mn and deals by 22% to 3,832.
There was 46% plunge in the real estate sector’s trade volume to 1.71mn equities, 33% in value to QR39.63mn and 1% in transactions to 585.
The transport sector’s trade volume plummeted 30% to 0.31mn stocks and value by 30% to QR10.23mn, while deals gained 16% to 177. There was 7% decline in the telecom sector’s trade volume to 2.55mn shares and 14% in value to QR31.56mn but on 22% increase in transactions to 404.
However, the consumer goods sector’s trade volume more than doubled to 1.02mm equities, value expanded 10% to QR26.18mn and deals by 79% to 534.
The banks and financial services sector saw 55% surge in trade volume to 1.81mn stocks to more than doubled value to QR108.85mn on 28% jump in transactions to 1,277.
The insurance sector’s trade volume soared 38% to 0.11mn shares and value by 14% to QR8.17mn, while deals declined 29% to 73. The market witnessed 23% expansion in the industrials sector’s trade volume to 0.98mn equities but on 25% fall in value to QR36.85mn. Transactions shot up 15% to 782.
In the debt market, there was no trading of treasury bills and government bonds.
