The Qatar Stock Exchange on Thursday fell for the second consecutive day to below 10,400 levels, mainly dragged by consumer goods, telecom, banking and industrials stocks.
Increased net selling by local retail investors led the 20-stock Qatar Index decline 0.25%, or 26 points, to 10,390.6 points, although it touched a low of 10,350 just before the closing.
The weakened net buying from Gulf and non-Qatari individual investors also had its share in dampening the sentiment in the market, whose year-to-date losses widened to 0.44%.
Small, micro and midcap equities were the hardest hit in the bourse, which, however, saw increased net buying by domestic and Gulf institutions.
Islamic stocks were seen falling faster than the main index as well as other indices in the market.
Trade turnover expanded amidst lower volumes in the bourse, where banking, real estate and telecom sectors together accounted for more than 82% of the total volumes.
Market capitalisation shed more than QR2bn, or 0.4%, to QR556.35bn as small, micro, mid and large cap scrips declined 0.85%, 0.82%, 0.75% and 0.25% respectively.
The Total Return Index shrank 0.25% to 17,220.93 points, the All Share Index by 0.37% to 2,924.4 points and the Al Rayan Islamic Index by 0.5% to 4,119.06 points.
The consumer goods sector saw its index declined 0.89%, followed by telecom (0.58%), banks and financial services (0.42%), industrials (0.41%), realty (0.28%) and transport (0.04%); whereas insurance gained 0.17%.
About 60% of the stocks were in the red with major losers being QNB, Commercial Bank, Masraf Al Rayan, Ahli Bank, Vodafone Qatar, Industries Qatar, Mesaieed Petrochemical Holding, Aamal Company, Qatari Investors Group, Qatar Islamic Insurance, Ezdan, Barwa, Ooredoo, Nakilat, Alijarah Holding and Islamic Holding Group.
Nevertheless, Doha Bank, QIIB, Gulf International Services, Al Khaleej Takaful, Gulf Warehousing, Qatari German Company for Medical Devices and Mazaya Qatar were among the prominent gainers.
Local retail investors’ net profit-booking increased considerably to QR33.43mn compared to QR10.48mn on March 29.
The GCC (Gulf Cooperation Council) retail investors’ net buying declined to QR0.8mn against QR6.63mn on Wednesday.
Non-Qatari individual investors’ net buying shrank perceptibly to QR1.54mn compared to QR5.35mn the previous day.
However, domestic institutions’ net buying strengthened significantly to QR18.2mn against QR5.96mn on March 29.
The GCC institutions’ net buying also shot up to QR12.85mn compared to QR4.8mn on Wednesday.
Non-Qatari institutions’ selling and buying hung in balance against profit-booking to the tune of QR12.27mn the previous day.
Total trade volumes fell 10% to 10.37mn shares, while value rose 16% to QR334.61mn and deals by 5% to 4,323.
There was a 55% plunge in the telecom sector’s trade volume to 2.05mn equities, 53% in value to QR28.85mn and 54% in transactions to 376.
The consumer goods sector’s trade volume plummeted 30% to 0.21mm stocks, value by 33% to QR12.25mn and deals by 17% to 230.
However, the market witnessed a 74% surge in the transport sector’s trade volume to 0.82mn shares, 84% in value to QR25.29mn and 68% in transactions to 426.
The real estate sector’s trade volume soared 32% to 3.12mn equities and value by 25% to QR61.78mn while deals shrank 12% to 699.
The insurance sector reported a 25% expansion in trade volume to 0.25mn stocks and 7% in value to QR8.35mn but on a 9% fall in transactions to 128.
The industrials sector’s trade volume increased 21% to 0.57mn shares, value by 32% to QR34.02mn and deals by 37% to 592.
The banks and financial services sector saw a 6% jump in trade volume to 3.36mn equities, 44% in value to QR164.07mn and 32% in transactions to 1,872.
In the debt market, there was no trading of treasury bills and government bonds.
The weakened net buying from Gulf and non-Qatari individual investors also had its share in dampening the sentiment in the market, whose year-to-date losses widened to 0.44%.
Small, micro and midcap equities were the hardest hit in the bourse, which, however, saw increased net buying by domestic and Gulf institutions.
Islamic stocks were seen falling faster than the main index as well as other indices in the market.
Trade turnover expanded amidst lower volumes in the bourse, where banking, real estate and telecom sectors together accounted for more than 82% of the total volumes.
Market capitalisation shed more than QR2bn, or 0.4%, to QR556.35bn as small, micro, mid and large cap scrips declined 0.85%, 0.82%, 0.75% and 0.25% respectively.
The Total Return Index shrank 0.25% to 17,220.93 points, the All Share Index by 0.37% to 2,924.4 points and the Al Rayan Islamic Index by 0.5% to 4,119.06 points.
The consumer goods sector saw its index declined 0.89%, followed by telecom (0.58%), banks and financial services (0.42%), industrials (0.41%), realty (0.28%) and transport (0.04%); whereas insurance gained 0.17%.
About 60% of the stocks were in the red with major losers being QNB, Commercial Bank, Masraf Al Rayan, Ahli Bank, Vodafone Qatar, Industries Qatar, Mesaieed Petrochemical Holding, Aamal Company, Qatari Investors Group, Qatar Islamic Insurance, Ezdan, Barwa, Ooredoo, Nakilat, Alijarah Holding and Islamic Holding Group.
Nevertheless, Doha Bank, QIIB, Gulf International Services, Al Khaleej Takaful, Gulf Warehousing, Qatari German Company for Medical Devices and Mazaya Qatar were among the prominent gainers.
Local retail investors’ net profit-booking increased considerably to QR33.43mn compared to QR10.48mn on March 29.
The GCC (Gulf Cooperation Council) retail investors’ net buying declined to QR0.8mn against QR6.63mn on Wednesday.
Non-Qatari individual investors’ net buying shrank perceptibly to QR1.54mn compared to QR5.35mn the previous day.
However, domestic institutions’ net buying strengthened significantly to QR18.2mn against QR5.96mn on March 29.
The GCC institutions’ net buying also shot up to QR12.85mn compared to QR4.8mn on Wednesday.
Non-Qatari institutions’ selling and buying hung in balance against profit-booking to the tune of QR12.27mn the previous day.
Total trade volumes fell 10% to 10.37mn shares, while value rose 16% to QR334.61mn and deals by 5% to 4,323.
There was a 55% plunge in the telecom sector’s trade volume to 2.05mn equities, 53% in value to QR28.85mn and 54% in transactions to 376.
The consumer goods sector’s trade volume plummeted 30% to 0.21mm stocks, value by 33% to QR12.25mn and deals by 17% to 230.
However, the market witnessed a 74% surge in the transport sector’s trade volume to 0.82mn shares, 84% in value to QR25.29mn and 68% in transactions to 426.
The real estate sector’s trade volume soared 32% to 3.12mn equities and value by 25% to QR61.78mn while deals shrank 12% to 699.
The insurance sector reported a 25% expansion in trade volume to 0.25mn stocks and 7% in value to QR8.35mn but on a 9% fall in transactions to 128.
The industrials sector’s trade volume increased 21% to 0.57mn shares, value by 32% to QR34.02mn and deals by 37% to 592.
The banks and financial services sector saw a 6% jump in trade volume to 3.36mn equities, 44% in value to QR164.07mn and 32% in transactions to 1,872.
In the debt market, there was no trading of treasury bills and government bonds.
