Local retail investors’ net selling substantially weakened and their foreign counterparts were increasingly bullish, which led Qatar Stock Exchange limit its losses on Sunday.
The transport counter witnessed huge demand amid a 0.75% fall in the 20-stock Qatar Index to 9,188.09 points.
The market was on a slippery path in the first 60 minutes to go down below 9,200 points, after which there was consistent buying support for the 30 minutes to take it near 9,250 points. However, selling ensued for the next 60 minutes after which it rebounded, thus limiting the losses to mere 70 points.
Islamic stocks were seen declining slower than the main index and other indices in the bourse, whose year-to-date losses were at 11.96%.
Weakened net selling by Gulf individual investors was visible in the market, where capitalisation stood at QR496.13bn.
Trade turnover and volumes were on the decline in the bourse, where the banking, telecom and realty sectors together accounted for about 87% of the total volumes.
The Total Return Index was at 15,407.88 points, the All Share Index at 2,609.42 points and the Al Rayan Islamic Index at 3,657.32 points.
The insurance index fell 2.44%, followed by banks and financial services (1.22%), real estate (0.85%), industrials (0.35%), telecom (0.17%) and consumer goods (0.12%); whereas transport gained 1.53%.
Major gainers included Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Nakilat, Widam Food, Gulf Warehousing, Alijarah Holding, Al Khaliji, Qatar Islamic Bank and Vodafone Qatar.
Nevertheless, QNB, Commercial Bank, QIIB, Qatar First Bank, Aamal Company, Qatar Electricity and Water, Qatar Insurance, Barwa, Ezdan and Ooredoo were among the losers.
Local retail investors’ net profit-booking weakened substantially to QR10.34mn compared to QR77.07mn last Thursday.
The GCC (Gulf Cooperation Council) individuals’ net selling also declined considerably to QR0.77mn against QR8.31mn on June 15.
Non-Qatari retail investors turned net buyers to the tune of QR4.54mn compared with net buyers of QR1.22mn the previous trading day.
However, domestic institutions’ net buying weakened perceptibly to QR48.68mn against QR113.23mn last Thursday.
Non-Qatari institutions’ net profit-booking increased to QR33.08mn compared to QR20.82mn on June 15.
The GCC funds’ net selling rose marginally to QR9.06mn against QR8.31mn the previous trading day.
Total trade volumes fell 63% to 9.79mn shares, value by 66% to QR219.49mn and deals by 48% to 2,913.
There was a 79% plunge in the telecom sector’s trade volume to 2.68mn equities, 80% in value to QR31.65mn and 65% in transactions to 390.
The insurance sector’s trade volume plummeted 78% to 0.07mn stocks, value by 81% to QR4.21mn and deals by 75% to 50.
The transport sector reported a 71% shrinkage in trade volume to 0.31mn shares, 60% in value to QR13.9mn and 82% in transactions to 115.
The banks and financial services sector’s trade volume tanked 47% to 4.22mn equities, value by 66% to QR101.82mn and deals by 36% to 1,254.
The real estate sector saw a 44% decline in trade volume to 1.58mn stocks, value by 25% to QR31.59mn and transactions by 36% to 448.
The industrials sector’s trade volume shrank 43% to 0.6mn shares, value by 62% to QR22.11mn and deals by 35% to 416.
The market witnessed a 13% fall in the consumer goods sector’s trade volume to 0.33mn equities, 55% in value to QR14.22mn and 24% in transactions to 240.
In the debt market, there was no trading of treasury bills and government bonds.
The market was on a slippery path in the first 60 minutes to go down below 9,200 points, after which there was consistent buying support for the 30 minutes to take it near 9,250 points. However, selling ensued for the next 60 minutes after which it rebounded, thus limiting the losses to mere 70 points.
Islamic stocks were seen declining slower than the main index and other indices in the bourse, whose year-to-date losses were at 11.96%.
Weakened net selling by Gulf individual investors was visible in the market, where capitalisation stood at QR496.13bn.
Trade turnover and volumes were on the decline in the bourse, where the banking, telecom and realty sectors together accounted for about 87% of the total volumes.
The Total Return Index was at 15,407.88 points, the All Share Index at 2,609.42 points and the Al Rayan Islamic Index at 3,657.32 points.
The insurance index fell 2.44%, followed by banks and financial services (1.22%), real estate (0.85%), industrials (0.35%), telecom (0.17%) and consumer goods (0.12%); whereas transport gained 1.53%.
Major gainers included Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Nakilat, Widam Food, Gulf Warehousing, Alijarah Holding, Al Khaliji, Qatar Islamic Bank and Vodafone Qatar.
Nevertheless, QNB, Commercial Bank, QIIB, Qatar First Bank, Aamal Company, Qatar Electricity and Water, Qatar Insurance, Barwa, Ezdan and Ooredoo were among the losers.
Local retail investors’ net profit-booking weakened substantially to QR10.34mn compared to QR77.07mn last Thursday.
The GCC (Gulf Cooperation Council) individuals’ net selling also declined considerably to QR0.77mn against QR8.31mn on June 15.
Non-Qatari retail investors turned net buyers to the tune of QR4.54mn compared with net buyers of QR1.22mn the previous trading day.
However, domestic institutions’ net buying weakened perceptibly to QR48.68mn against QR113.23mn last Thursday.
Non-Qatari institutions’ net profit-booking increased to QR33.08mn compared to QR20.82mn on June 15.
The GCC funds’ net selling rose marginally to QR9.06mn against QR8.31mn the previous trading day.
Total trade volumes fell 63% to 9.79mn shares, value by 66% to QR219.49mn and deals by 48% to 2,913.
There was a 79% plunge in the telecom sector’s trade volume to 2.68mn equities, 80% in value to QR31.65mn and 65% in transactions to 390.
The insurance sector’s trade volume plummeted 78% to 0.07mn stocks, value by 81% to QR4.21mn and deals by 75% to 50.
The transport sector reported a 71% shrinkage in trade volume to 0.31mn shares, 60% in value to QR13.9mn and 82% in transactions to 115.
The banks and financial services sector’s trade volume tanked 47% to 4.22mn equities, value by 66% to QR101.82mn and deals by 36% to 1,254.
The real estate sector saw a 44% decline in trade volume to 1.58mn stocks, value by 25% to QR31.59mn and transactions by 36% to 448.
The industrials sector’s trade volume shrank 43% to 0.6mn shares, value by 62% to QR22.11mn and deals by 35% to 416.
The market witnessed a 13% fall in the consumer goods sector’s trade volume to 0.33mn equities, 55% in value to QR14.22mn and 24% in transactions to 240.
In the debt market, there was no trading of treasury bills and government bonds.
