The Qatar Stock Exchange appears to be not enthused by the country’s lifting of moratorium on North Field as it fell 54 points on Monday.
Increased net selling by foreign institutions and lower buying support from their domestic counterparts led the 20-stock Qatar Index decline 0.52% to 10,344.08 points.
The market was by and large gripped by profit booking, especially after the announcement of lifting of moratorium, although it made some rebound during the closing time, but overall it closed in the negative.
Profit booking was largely visible within some of the industrials and banking stocks in the market, whose year-to-date losses widened to 0.89%.
Micro and large cap equities were the hardest hit on the bourse, which, however, saw Gulf individual investors turn net profit takers and increased net selling by their non-Qatari counterparts.
Islamic stocks, however, saw gains vis-à-vis declines in the other indices in the market which however saw local retail investors turn bullish.
Trade turnover and volumes expanded in the bourse, where banking, telecom and real estate sectors together accounted for more than 87% of the total volumes.
Market capitalisation shed more than QR2mn or 0.43% to QR554.45bn mainly as micro, large and midcap equities fell 0.91%, 0.55% and 0.35% respectively, whereas small caps gained 0.37%.
The Total Return Index was down 0.04% to 17,225.68 points and All Share Index by 0.07% to 2,923.73 points, while Al Rayan Islamic Index rose 0.22% to 4,123.32 points.
The industrials sector saw its index decline 0.78%, insurance (0.34%), consumer goods (0.3%) and transport (0.03%); while banks and financial services gained 0.25%, telecom (0.21%) and realty (0.14%).
About 54% of the traded stocks were in the red with major losers being Commercial Bank, Masraf Al Rayan, Industries Qatar, Gulf International Services, Qatari Investors Group, Qatar Islamic Insurance, Ooredoo, Milaha, Ezdan, Qatari German Company for Medical Devices, Medicare Group, Woqod, Widam Food and Mesaieed Petrochemical Holding.
Nevertheless, among the gainers were Vodafone Qatar, Mazaya Qatar, Nakilat, Gulf Warehousing, Barwa and Doha Bank.
Non-Qatari institutions’ net profit booking strengthened considerably to QR15.29mn compared to QR2.06mn on Sunday.
Domestic institutions’ net buying weakened substantially to QR2.91mn against QR11.08mn the previous day.
Non-Qatari individual investors’ net selling rose perceptibly to QR5.38mn compared to QR1.52mn on April 3.
The GCC (Gulf Cooperation Council) retail investors were net sellers to the tune of QR2.02mn against net buyers of QR0.88mn on Sunday.
However, local retail investors turned net buyers to the extent of QR12.7mn compared with net sellers of QR13.42mn the previous day.
The GCC institutions’ net buying increased marginally to QR7.05mn against QR5.02mn on Sunday.
Total trade volumes rose 88% to 10.3mn shares, value by 44% to QR287.93mn and deals by 66% to 3,536.
The banks and financial services sector’s trade volume more than tripled to 4.02mn equities, value soared 71% to QR146mn on more than doubled transactions to 1,556.
The transport sector’s trade volume more than doubled to 0.57mn stocks and value also more than doubled to QR15.4mn on 5% jump in deals to 235.
There was 92% surge in the consumer goods sector’s trade volume to 0.25mm shares, 43% in value to QR12.72mn and 22% in transactions to 259.
The industrials sector’s trade volume shot up 77% to 0.46mn equities, value by 56% to QR33.17mn and deals by 37% to 509.
The market witnessed 60% expansion in the telecom sector’s trade volume to 2.48mn stocks, 4% in value to QR35.2mn and 50% in transactions to 396.
The real estate sector’s trade volume increased 25% to 2.45mn shares, value by 1% to QR41.31mn and deals by 31% to 476.
However, the insurance sector reported 22% decline in trade volume to 0.07mn equities but on 24% increase in value to QR4.13mn and more than doubled transactions to 105.
In the debt market, there was no trading of treasury bills and government bonds.
The market was by and large gripped by profit booking, especially after the announcement of lifting of moratorium, although it made some rebound during the closing time, but overall it closed in the negative.
Profit booking was largely visible within some of the industrials and banking stocks in the market, whose year-to-date losses widened to 0.89%.
Micro and large cap equities were the hardest hit on the bourse, which, however, saw Gulf individual investors turn net profit takers and increased net selling by their non-Qatari counterparts.
Islamic stocks, however, saw gains vis-à-vis declines in the other indices in the market which however saw local retail investors turn bullish.
Trade turnover and volumes expanded in the bourse, where banking, telecom and real estate sectors together accounted for more than 87% of the total volumes.
Market capitalisation shed more than QR2mn or 0.43% to QR554.45bn mainly as micro, large and midcap equities fell 0.91%, 0.55% and 0.35% respectively, whereas small caps gained 0.37%.
The Total Return Index was down 0.04% to 17,225.68 points and All Share Index by 0.07% to 2,923.73 points, while Al Rayan Islamic Index rose 0.22% to 4,123.32 points.
The industrials sector saw its index decline 0.78%, insurance (0.34%), consumer goods (0.3%) and transport (0.03%); while banks and financial services gained 0.25%, telecom (0.21%) and realty (0.14%).
About 54% of the traded stocks were in the red with major losers being Commercial Bank, Masraf Al Rayan, Industries Qatar, Gulf International Services, Qatari Investors Group, Qatar Islamic Insurance, Ooredoo, Milaha, Ezdan, Qatari German Company for Medical Devices, Medicare Group, Woqod, Widam Food and Mesaieed Petrochemical Holding.
Nevertheless, among the gainers were Vodafone Qatar, Mazaya Qatar, Nakilat, Gulf Warehousing, Barwa and Doha Bank.
Non-Qatari institutions’ net profit booking strengthened considerably to QR15.29mn compared to QR2.06mn on Sunday.
Domestic institutions’ net buying weakened substantially to QR2.91mn against QR11.08mn the previous day.
Non-Qatari individual investors’ net selling rose perceptibly to QR5.38mn compared to QR1.52mn on April 3.
The GCC (Gulf Cooperation Council) retail investors were net sellers to the tune of QR2.02mn against net buyers of QR0.88mn on Sunday.
However, local retail investors turned net buyers to the extent of QR12.7mn compared with net sellers of QR13.42mn the previous day.
The GCC institutions’ net buying increased marginally to QR7.05mn against QR5.02mn on Sunday.
Total trade volumes rose 88% to 10.3mn shares, value by 44% to QR287.93mn and deals by 66% to 3,536.
The banks and financial services sector’s trade volume more than tripled to 4.02mn equities, value soared 71% to QR146mn on more than doubled transactions to 1,556.
The transport sector’s trade volume more than doubled to 0.57mn stocks and value also more than doubled to QR15.4mn on 5% jump in deals to 235.
There was 92% surge in the consumer goods sector’s trade volume to 0.25mm shares, 43% in value to QR12.72mn and 22% in transactions to 259.
The industrials sector’s trade volume shot up 77% to 0.46mn equities, value by 56% to QR33.17mn and deals by 37% to 509.
The market witnessed 60% expansion in the telecom sector’s trade volume to 2.48mn stocks, 4% in value to QR35.2mn and 50% in transactions to 396.
The real estate sector’s trade volume increased 25% to 2.45mn shares, value by 1% to QR41.31mn and deals by 31% to 476.
However, the insurance sector reported 22% decline in trade volume to 0.07mn equities but on 24% increase in value to QR4.13mn and more than doubled transactions to 105.
In the debt market, there was no trading of treasury bills and government bonds.
