Domestic institutions on Tuesday turned net buyers in the Qatar Stock Exchange which settled near 9,400 levels.
There was increased buying support from non-Qatari individuals and lower net profit booking by their local and Gulf counterparts amid 0.45% fall in the 20-stock Qatar Index to 9,393.73 points.
Consumer goods sector witnessed some brisk buying in the market, whose year-to-date losses were at 9.99%.
Islamic stocks were seen gaining vis-à-vis declines in the main index and other indices in the bourse, where both foreign and Gulf institutions turned net sellers.
The market was generally on weak wicket, barring occasional spikes, in the first 90 minutes to touch little above 9,340 points and was almost fat for the next 30 minutes, after which there was a steep gains taking the index to more than 9,400 points. A slow profit booking ensued for the next 30 minutes but there were some last minute purchases. Overall, the index settled lower.
Market capitalisation fell 0.39% or QR2bn to QR507.78bn even as small, mid and microcap scrips gained 0.96%, 0.2% and 0.01% respectively.
Trade turnover and volumes were on the decline in the bourse, where telecom and banking sectors together accounted for about 58% of the total volumes.
The Total Return Index fell 0.45% to 15,752.73 points and All Share Index by 0.43% to 2,673.56 points, while Al Rayan Islamic Index rose 0.09% to 3,731.22 points.
The consumer goods index gained 0.24%; whereas realty fell 1.02%, telecom (0.5%), insurance and industrials (0.47% each), banks and financial services (0.29%) and transport (0.28%).
Major gainers included Mazaya Qatar, Gulf Warehousing, Qatar National Cement, Mesaieed Petrochemical Holding, Aamal Company, Vodafone Qatar, Al Khaleej Takaful, Qatari Investors Group and Al Meera Consumer Goods.
Nevertheless, Masraf Al Rayan, al khaliji, Qatari German Company for Medical Devices, Qatar Electricity and Water, Ezdan, Barwa, Ooredoo and Nakilat were among the losers.
Domestic institutions turned net buyers to the tune of QR28.31mn compared with net sellers of QR14.5mn on July 17.
The GCC (Gulf Cooperation Council) individuals’ net selling fell considerably to QR2.02mn against QR11.26mn on Monday.
Local retail investors’ net profit booking weakened marginally to QR9.92mn compared to QR10.09mn the previous day.
Non-Qatari retail investors’ net buying strengthened perceptibly to QR1.85mn against QR0.71mn on July 17.
However, non-Qatari institutions turned net sellers to the extent of QR13.6mn compared with net buyers of QR34.47mn on Monday.
The GCC funds were also net profit takers to the tune of QR4.63mn against net buyers of QR0.61mn the previous day.
Total trade volumes fell 20% to 5.8mn shares, value by 31% to QR144.57mn and deals by 27% to 2,046.
There was 88% plunge in the insurance sector’s trade volume to 0.01mn equities, 94% in value to QR0.33mn and 81% in transactions to 18.
The industrials sector’s trade volume plummeted 62% to 0.91mn stocks, value by 47% to QR33.72mn and deals by 24% to 427.
The banks and financial services sector saw 33% shrinkage in trade volume to 1.47mn shares, 47% in value to QR45.26mn and 40% in transactions to 610.
The transport sector’s trade volume tanked 29% to 0.25mn equities, value by 34% to QR10.25mn and deals by 36% to 189.
However, the consumer goods sector’s trade volume more than doubled to 0.37mn stocks and value also more than doubled to QR25.18mn on 22% jump in transactions to 242.
The real estate sector reported 36% surge in trade volume to 0.91mn shares, 5% in value to QR12.43mn and 4% in deals to 349.
The telecom sector’s trade volume expanded 32% to 1.88mn equities and value by 9% to QR17.41mn, while transactions shrank 27% to 211.
In the debt market, there was no trading of treasury bills and government bonds.
Consumer goods sector witnessed some brisk buying in the market, whose year-to-date losses were at 9.99%.
Islamic stocks were seen gaining vis-à-vis declines in the main index and other indices in the bourse, where both foreign and Gulf institutions turned net sellers.
The market was generally on weak wicket, barring occasional spikes, in the first 90 minutes to touch little above 9,340 points and was almost fat for the next 30 minutes, after which there was a steep gains taking the index to more than 9,400 points. A slow profit booking ensued for the next 30 minutes but there were some last minute purchases. Overall, the index settled lower.
Market capitalisation fell 0.39% or QR2bn to QR507.78bn even as small, mid and microcap scrips gained 0.96%, 0.2% and 0.01% respectively.
Trade turnover and volumes were on the decline in the bourse, where telecom and banking sectors together accounted for about 58% of the total volumes.
The Total Return Index fell 0.45% to 15,752.73 points and All Share Index by 0.43% to 2,673.56 points, while Al Rayan Islamic Index rose 0.09% to 3,731.22 points.
The consumer goods index gained 0.24%; whereas realty fell 1.02%, telecom (0.5%), insurance and industrials (0.47% each), banks and financial services (0.29%) and transport (0.28%).
Major gainers included Mazaya Qatar, Gulf Warehousing, Qatar National Cement, Mesaieed Petrochemical Holding, Aamal Company, Vodafone Qatar, Al Khaleej Takaful, Qatari Investors Group and Al Meera Consumer Goods.
Nevertheless, Masraf Al Rayan, al khaliji, Qatari German Company for Medical Devices, Qatar Electricity and Water, Ezdan, Barwa, Ooredoo and Nakilat were among the losers.
Domestic institutions turned net buyers to the tune of QR28.31mn compared with net sellers of QR14.5mn on July 17.
The GCC (Gulf Cooperation Council) individuals’ net selling fell considerably to QR2.02mn against QR11.26mn on Monday.
Local retail investors’ net profit booking weakened marginally to QR9.92mn compared to QR10.09mn the previous day.
Non-Qatari retail investors’ net buying strengthened perceptibly to QR1.85mn against QR0.71mn on July 17.
However, non-Qatari institutions turned net sellers to the extent of QR13.6mn compared with net buyers of QR34.47mn on Monday.
The GCC funds were also net profit takers to the tune of QR4.63mn against net buyers of QR0.61mn the previous day.
Total trade volumes fell 20% to 5.8mn shares, value by 31% to QR144.57mn and deals by 27% to 2,046.
There was 88% plunge in the insurance sector’s trade volume to 0.01mn equities, 94% in value to QR0.33mn and 81% in transactions to 18.
The industrials sector’s trade volume plummeted 62% to 0.91mn stocks, value by 47% to QR33.72mn and deals by 24% to 427.
The banks and financial services sector saw 33% shrinkage in trade volume to 1.47mn shares, 47% in value to QR45.26mn and 40% in transactions to 610.
The transport sector’s trade volume tanked 29% to 0.25mn equities, value by 34% to QR10.25mn and deals by 36% to 189.
However, the consumer goods sector’s trade volume more than doubled to 0.37mn stocks and value also more than doubled to QR25.18mn on 22% jump in transactions to 242.
The real estate sector reported 36% surge in trade volume to 0.91mn shares, 5% in value to QR12.43mn and 4% in deals to 349.
The telecom sector’s trade volume expanded 32% to 1.88mn equities and value by 9% to QR17.41mn, while transactions shrank 27% to 211.
In the debt market, there was no trading of treasury bills and government bonds.
