The Qatar Stock Exchange opened the week on a weak note on Sunday, mainly dragged by real estate, industrials, transport and banking stocks.
Increased net selling by Gulf institutions and non-Qatari retail investors’ bearish outlook as well as lower net buying from local retail investors and institutions led the 20-stock Qatar Index shed 0.19% for the second day to 10,431.34 points.
After a brief initial downward spiral, the market rebounded to touch a high of near 10,460 points, after which it was largely on a declining path to overall lose 20 points against the previous close with foreign institutions keeping away due to Easter.
Selling was skewed towards micro and midcap segments in the market, which reported 0.05% year-to-date losses.
Islamic stocks were seen declining faster than the main index as well as other indices in the bourse, which, however, saw weakened net selling by foreign institutions.
Trade turnover declined amidst higher volumes in the market, where telecom and banking sectors together accounted for more than 76% of the total volumes.
Market capitalisation shed more than QR1bn or 0.18% to QR560.43bn as micro, mid, small and large cap equities fell 0.73%, 0.43%, 0.18% and 0.17% respectively.
The Total Return Index fell 0.19% to 17,398.39 points, All Share Index by 0.22% to 2,949.34 points and Al Rayan Islamic Index by 0.4% to 4,156.19 points.
The realty sector saw its index declined 0.46%, industrials (0.39%), transport (0.34%), banks and financial services (0.28%), consumer goods (0.02%) and insurance (0.01%); whereas telecom gained 1.4%.
More than 69% of the stocks were in the red with major losers being Barwa, Untied Development Company, Qatari Investors Group, Qatar National Cement, Industries Qatar, Commercial Bank, QNB, Qatar Islamic Bank, Doha Bank, QIIB, Qatar First Bank, Vodafone Qatar, Nakilat, Milaha, Gulf Warehousing and Dlala.
Nevertheless, Ooredoo, Masraf Al Rayan, Alijarah Holding, Aamal Company, Gulf International Services and Qatari German Company for Medical Devices were among the gainers.
The GCC (Gulf Cooperation Council) institutions’ net selling increased perceptibly to QR2.32mn against QR0.64mn last Thursday.
Non-Qatari individual investors turned net sellers to the tune of QR1.68mn compared with net buyers of QR0.31mn on April 13.
Domestic institutions’ net buying weakened considerably to QR0.78mn against QR4.8mn the previous trading day.
Local retail investors’ net buying declined marginally to QR5.64mn compared to QR5.99mn last Thursday.
The GCC retail investors’ net profit booking rose perceptibly to QR0.22mn against QR0.15mn on April 13.
However, non-Qatari institutions’ net selling weakened influentially to QR2.21mn compared to QR10.35mn the previous trading day.
Total trade volumes rose 10% to 7.05mn shares, while value fell 13% to QR149.66mn and deals by 23% to 1,964.
The telecom sector’s trade volume more than doubled to 3.89mn equities, value soared 54% to QR49.62mn and transactions by 52% to 232.
There was 24% surge in the transport sector’s trade volume to 0.21mn stocks but on 2% fall in value to QR6.79mn and 16% in deals to 115.
However, the insurance sector’s trade volume plummeted 66% to 8,485 shares, value by 81% to QR0.28mn and transactions by 87% to 6.
There real estate sector reported 53% plunge in trade volume to 0.99mn equities, 56% in value to QR16.76mn and 68% in deals to 189.
The industrials sector’s trade volume tanked 35% to 0.22mn stocks and value by 45% to QR12.43mn, whereas transactions gained 26% to 516.
The banks and financial services sector saw 9% shrinkage in trade volume to 1.48mn shares, 18% in value to QR38.95mn and 35% in deals to 541.
Although the consumer goods sector’s trade volume was flat at 0.24mm equities, value rose 7% to QR24.84mn but on 6% decline in transactions to 365.
In the debt market, there was no trading of treasury bills and government bonds.
After a brief initial downward spiral, the market rebounded to touch a high of near 10,460 points, after which it was largely on a declining path to overall lose 20 points against the previous close with foreign institutions keeping away due to Easter.
Selling was skewed towards micro and midcap segments in the market, which reported 0.05% year-to-date losses.
Islamic stocks were seen declining faster than the main index as well as other indices in the bourse, which, however, saw weakened net selling by foreign institutions.
Trade turnover declined amidst higher volumes in the market, where telecom and banking sectors together accounted for more than 76% of the total volumes.
Market capitalisation shed more than QR1bn or 0.18% to QR560.43bn as micro, mid, small and large cap equities fell 0.73%, 0.43%, 0.18% and 0.17% respectively.
The Total Return Index fell 0.19% to 17,398.39 points, All Share Index by 0.22% to 2,949.34 points and Al Rayan Islamic Index by 0.4% to 4,156.19 points.
The realty sector saw its index declined 0.46%, industrials (0.39%), transport (0.34%), banks and financial services (0.28%), consumer goods (0.02%) and insurance (0.01%); whereas telecom gained 1.4%.
More than 69% of the stocks were in the red with major losers being Barwa, Untied Development Company, Qatari Investors Group, Qatar National Cement, Industries Qatar, Commercial Bank, QNB, Qatar Islamic Bank, Doha Bank, QIIB, Qatar First Bank, Vodafone Qatar, Nakilat, Milaha, Gulf Warehousing and Dlala.
Nevertheless, Ooredoo, Masraf Al Rayan, Alijarah Holding, Aamal Company, Gulf International Services and Qatari German Company for Medical Devices were among the gainers.
The GCC (Gulf Cooperation Council) institutions’ net selling increased perceptibly to QR2.32mn against QR0.64mn last Thursday.
Non-Qatari individual investors turned net sellers to the tune of QR1.68mn compared with net buyers of QR0.31mn on April 13.
Domestic institutions’ net buying weakened considerably to QR0.78mn against QR4.8mn the previous trading day.
Local retail investors’ net buying declined marginally to QR5.64mn compared to QR5.99mn last Thursday.
The GCC retail investors’ net profit booking rose perceptibly to QR0.22mn against QR0.15mn on April 13.
However, non-Qatari institutions’ net selling weakened influentially to QR2.21mn compared to QR10.35mn the previous trading day.
Total trade volumes rose 10% to 7.05mn shares, while value fell 13% to QR149.66mn and deals by 23% to 1,964.
The telecom sector’s trade volume more than doubled to 3.89mn equities, value soared 54% to QR49.62mn and transactions by 52% to 232.
There was 24% surge in the transport sector’s trade volume to 0.21mn stocks but on 2% fall in value to QR6.79mn and 16% in deals to 115.
However, the insurance sector’s trade volume plummeted 66% to 8,485 shares, value by 81% to QR0.28mn and transactions by 87% to 6.
There real estate sector reported 53% plunge in trade volume to 0.99mn equities, 56% in value to QR16.76mn and 68% in deals to 189.
The industrials sector’s trade volume tanked 35% to 0.22mn stocks and value by 45% to QR12.43mn, whereas transactions gained 26% to 516.
The banks and financial services sector saw 9% shrinkage in trade volume to 1.48mn shares, 18% in value to QR38.95mn and 35% in deals to 541.
Although the consumer goods sector’s trade volume was flat at 0.24mm equities, value rose 7% to QR24.84mn but on 6% decline in transactions to 365.
In the debt market, there was no trading of treasury bills and government bonds.
