The Qatar Stock Exchange was back in the negative terrain on Thursday, after remaining bullish for two days, mainly dragged by transport and industrials stocks.
Gulf institutions turned net sellers and there was substantially lower buying support from their non-Qatari counterparts, leading the 20-stock Qatar Index to dip a marginal 0.1% to 10,456.01 points.
There was a sustained selling pressure in the initial 30 minutes of trading after which the market was rather on a rollercoaster path with its key index touching an intra-day low of near 10,430 points.
Selling pressure was more visible within large cap segments in the market, whose year-to-date gains were contained at 0.18%.
Islamic stocks were seen declining faster than the main index as well as other indices in the bourse, which, however, saw domestic institutions and non-Qatari individual investors turn bullish.
Trade turnover and volumes were on the decline in the market, where realty, telecom and banking sectors together accounted for about 84% of the total volumes.
Market capitalisation was down QR19mn, or 0.03%, to QR560.51bn as large and midcap cap equities fell 0.15% and 0.09% respectively, while mid and microcaps gained 0.3% each.
The Total Return Index fell 0.1% to 17,439.54 points, the All Share Index by 0.04% to 2,956.17 points and the Al Rayan Islamic Index by 0.27% to 4,182.3 points.
The transport sector saw its index shrink 0.54%, followed by industrials (0.38%) and consumer goods (0.06%); whereas insurance gained 0.21%, followed by telecom (0.19%), realty (0.12%) and banks and financial services (0.07%).
Major losers included Industries Qatar, Vodafone Qatar, Mazaya Qatar, QIIB, Masraf Al Rayan, Qatar Islamic Bank, Qatar Electricity and Water, Barwa, Nakilat, Milaha, Alijarah Holding and Islamic Holding Group.
Among the gainers were QNB, Aamal Company, Ezdan, Mesaieed Petrochemical Holding, Gulf International Services and Qatar Insurance.
GCC (Gulf Cooperation Council) institutions turned net sellers to the tune of QR6.3mn against net buyers of QR0.45mn on Wednesday.
Non-Qatari institutions’ net buying weakened substantially to QR2.94mn compared to QR21.81mn the previous day.
However, domestic institutions turned net buyers to the extent of QR13.29mn compared with net sellers of QR1.15mn on April 5.
Non-Qatari individual investors were also net buyers to the tune of QR5.38mn against net sellers of QR0.24mn on Wednesday.
GCC retail investors’ net buying increased perceptibly to QR5.03mn compared to QR0.29mn the previous day.
Local retail investors’ net profit-booking declined marginally to QR20.36mn against QR21.19mn on April 5.
Total trade volumes fell 11% to 7.18mn shares, value by 14% to QR204.4mn and deals by 19% to 2,847.
There was a 50% plunge in the consumer goods sector’s trade volume to 0.15mm equities, 24% in value to QR14.58mn and 22% in transactions to 276.
The transport sector’s trade volume plummeted 38% to 0.24mn stocks, value by 45% to QR7.35mn and deals by 18% to 176.
The banks and financial services sector saw a 32% shrinkage in trade volume to 1.44mn shares, 28% in value to QR60.36mn and 27% in transactions to 938.
The insurance sector’s trade volume tanked 25% to 0.03mn equities, value by 40% to QR1.76mn and deals by 31% to 42.
The real estate sector reported a 13% decline in trade volume to 2.66mn stocks, 18% in value to QR54.83mn and 35% in transactions to 443.
However, the industrials sector’s trade volume soared 66% to 0.73mn shares, value by 59% to QR40.9mn and deals by 48% to 736.
The market witnessed a 14% surge in the telecom sector’s trade volume to 1.92mn equities but on a 10% fall in value to QR24.62mn and 42% in transactions to 236.
In the debt market, there was no trading of treasury bills and government bonds.
There was a sustained selling pressure in the initial 30 minutes of trading after which the market was rather on a rollercoaster path with its key index touching an intra-day low of near 10,430 points.
Selling pressure was more visible within large cap segments in the market, whose year-to-date gains were contained at 0.18%.
Islamic stocks were seen declining faster than the main index as well as other indices in the bourse, which, however, saw domestic institutions and non-Qatari individual investors turn bullish.
Trade turnover and volumes were on the decline in the market, where realty, telecom and banking sectors together accounted for about 84% of the total volumes.
Market capitalisation was down QR19mn, or 0.03%, to QR560.51bn as large and midcap cap equities fell 0.15% and 0.09% respectively, while mid and microcaps gained 0.3% each.
The Total Return Index fell 0.1% to 17,439.54 points, the All Share Index by 0.04% to 2,956.17 points and the Al Rayan Islamic Index by 0.27% to 4,182.3 points.
The transport sector saw its index shrink 0.54%, followed by industrials (0.38%) and consumer goods (0.06%); whereas insurance gained 0.21%, followed by telecom (0.19%), realty (0.12%) and banks and financial services (0.07%).
Major losers included Industries Qatar, Vodafone Qatar, Mazaya Qatar, QIIB, Masraf Al Rayan, Qatar Islamic Bank, Qatar Electricity and Water, Barwa, Nakilat, Milaha, Alijarah Holding and Islamic Holding Group.
Among the gainers were QNB, Aamal Company, Ezdan, Mesaieed Petrochemical Holding, Gulf International Services and Qatar Insurance.
GCC (Gulf Cooperation Council) institutions turned net sellers to the tune of QR6.3mn against net buyers of QR0.45mn on Wednesday.
Non-Qatari institutions’ net buying weakened substantially to QR2.94mn compared to QR21.81mn the previous day.
However, domestic institutions turned net buyers to the extent of QR13.29mn compared with net sellers of QR1.15mn on April 5.
Non-Qatari individual investors were also net buyers to the tune of QR5.38mn against net sellers of QR0.24mn on Wednesday.
GCC retail investors’ net buying increased perceptibly to QR5.03mn compared to QR0.29mn the previous day.
Local retail investors’ net profit-booking declined marginally to QR20.36mn against QR21.19mn on April 5.
Total trade volumes fell 11% to 7.18mn shares, value by 14% to QR204.4mn and deals by 19% to 2,847.
There was a 50% plunge in the consumer goods sector’s trade volume to 0.15mm equities, 24% in value to QR14.58mn and 22% in transactions to 276.
The transport sector’s trade volume plummeted 38% to 0.24mn stocks, value by 45% to QR7.35mn and deals by 18% to 176.
The banks and financial services sector saw a 32% shrinkage in trade volume to 1.44mn shares, 28% in value to QR60.36mn and 27% in transactions to 938.
The insurance sector’s trade volume tanked 25% to 0.03mn equities, value by 40% to QR1.76mn and deals by 31% to 42.
The real estate sector reported a 13% decline in trade volume to 2.66mn stocks, 18% in value to QR54.83mn and 35% in transactions to 443.
However, the industrials sector’s trade volume soared 66% to 0.73mn shares, value by 59% to QR40.9mn and deals by 48% to 736.
The market witnessed a 14% surge in the telecom sector’s trade volume to 1.92mn equities but on a 10% fall in value to QR24.62mn and 42% in transactions to 236.
In the debt market, there was no trading of treasury bills and government bonds.
