The Qatar Stock Exchange continued to remain under bearish sentiments on Thursday as its key index settled at little over 8,400 points despite stronger buying especially at the real estate counter.
The 20-stock Qatar Index shrank 0.22% to 8,409.48 points as foreign institutions were increasingly net profit takers.
Local retail investors were increasingly net buyers and their Gulf and non-Qatari counterparts as well as domestic institutions turned bullish in the market, whose capitalisation rose 0.11% to QR458.86bn.
Islamic equities were seen declining slower than the main index in the bourse, whose year-to-date losses were at 19.42%.
Opening weak, the market was on a selling mode for a major part of the trading session although it witnessed some last minute strong purchases. Nevertheless, the index overall settled 18 points lower.
Trade turnover and volumes were on the increase in the market, where industrials and banking sectors together accounted for more than 59% of the total volumes.
The Total Return Index fell 0.22% to 14,102.21 points and the Al Rayan Islamic Index by 0.12% to 3,387.38 points, while All Share Index was up 0.06% to 2,400.22 points.
The realty index gained 1.31%, followed by banks and financial services (0.43%) and consumer goods (0.14%); whereas transport fell 2.96%, followed by telecom (2.72%), insurance (0.37%) and industrials (0.01%).
Major gainers included Industries Qatar, Commercial Bank, Doha Bank, Qatar First Bank, Qatar Oman Investment, Qatar Electricity and Water, Ezdan and United Development Company; while Milaha, QIIB, Dlala, Salam International Investment, Mannai Corporation, Qatari Investors Group and Mazaya Qatar were among the losers.
Local retail investors’ net buying strengthened perceptibly to QR33.9mn compared to QR26.07mn on September 13.
Non-Qatari individual investors turned net buyers to the tune of QR2.9mn against net profit takers of QR0.41mn on Wednesday.
Domestic institutions were also net buyers to the extent of QR1.52mn compared with net sellers of QR2.13mn the previous day.
GCC (Gulf Cooperation Council) retail investors turned net buyers to the tune of QR0.54mn against net sellers of QR1.22mn on September 13.
GCC institutions’ net profit-booking weakened influentially to QR4.77mn compared to QR7.55mn on Wednesday.
However, non-Qatari institutions’ net selling strengthened considerably to QR34.1mn against QR14.76mn the previous day.
Total trade volumes rose 44% to 17.14mn shares, value more than doubled to QR491.3mn and deals rose 38% to 4,355.
The transport sector’s trade volume grew more than eight-fold to 2.7mn equities and value by more than 10-fold to QR128.54mn on almost doubled transactions to 743.
The industrials sector’s trade volume rose about six-fold to 5.13mn stocks and value almost quadrupled to QR91.11mn on almost doubled deals to 1,224.
The consumer goods sector’s trade volume almost quadrupled to 0.51mn shares and value more than quadrupled to QR34.58mn on a 13% jump in transactions to 314.
The insurance sector’s trade volume more than doubled to 0.23mn equities and value also more than doubled to QR14.3mn on more-than-doubled deals to 187.
There was a 31% surge in the real estate sector’s trade volume to 1.18mn stocks and 46% in value to QR19.68mn but on a 4% fall in transactions to 412.
However, the telecom sector’s trade volume tanked 41% to 2.33mn shares, value by 10% to QR38.06mn and deals by 10% to 306.
The banks and financial services sector saw a 10% decline in trade volume to 5.06mn equities but on a 65% expansion in value to QR165.12mn and a 14% in transactions to 1,169.
In the debt market, there was no trading of treasury bills and government bonds.
Local retail investors were increasingly net buyers and their Gulf and non-Qatari counterparts as well as domestic institutions turned bullish in the market, whose capitalisation rose 0.11% to QR458.86bn.
Islamic equities were seen declining slower than the main index in the bourse, whose year-to-date losses were at 19.42%.
Opening weak, the market was on a selling mode for a major part of the trading session although it witnessed some last minute strong purchases. Nevertheless, the index overall settled 18 points lower.
Trade turnover and volumes were on the increase in the market, where industrials and banking sectors together accounted for more than 59% of the total volumes.
The Total Return Index fell 0.22% to 14,102.21 points and the Al Rayan Islamic Index by 0.12% to 3,387.38 points, while All Share Index was up 0.06% to 2,400.22 points.
The realty index gained 1.31%, followed by banks and financial services (0.43%) and consumer goods (0.14%); whereas transport fell 2.96%, followed by telecom (2.72%), insurance (0.37%) and industrials (0.01%).
Major gainers included Industries Qatar, Commercial Bank, Doha Bank, Qatar First Bank, Qatar Oman Investment, Qatar Electricity and Water, Ezdan and United Development Company; while Milaha, QIIB, Dlala, Salam International Investment, Mannai Corporation, Qatari Investors Group and Mazaya Qatar were among the losers.
Local retail investors’ net buying strengthened perceptibly to QR33.9mn compared to QR26.07mn on September 13.
Non-Qatari individual investors turned net buyers to the tune of QR2.9mn against net profit takers of QR0.41mn on Wednesday.
Domestic institutions were also net buyers to the extent of QR1.52mn compared with net sellers of QR2.13mn the previous day.
GCC (Gulf Cooperation Council) retail investors turned net buyers to the tune of QR0.54mn against net sellers of QR1.22mn on September 13.
GCC institutions’ net profit-booking weakened influentially to QR4.77mn compared to QR7.55mn on Wednesday.
However, non-Qatari institutions’ net selling strengthened considerably to QR34.1mn against QR14.76mn the previous day.
Total trade volumes rose 44% to 17.14mn shares, value more than doubled to QR491.3mn and deals rose 38% to 4,355.
The transport sector’s trade volume grew more than eight-fold to 2.7mn equities and value by more than 10-fold to QR128.54mn on almost doubled transactions to 743.
The industrials sector’s trade volume rose about six-fold to 5.13mn stocks and value almost quadrupled to QR91.11mn on almost doubled deals to 1,224.
The consumer goods sector’s trade volume almost quadrupled to 0.51mn shares and value more than quadrupled to QR34.58mn on a 13% jump in transactions to 314.
The insurance sector’s trade volume more than doubled to 0.23mn equities and value also more than doubled to QR14.3mn on more-than-doubled deals to 187.
There was a 31% surge in the real estate sector’s trade volume to 1.18mn stocks and 46% in value to QR19.68mn but on a 4% fall in transactions to 412.
However, the telecom sector’s trade volume tanked 41% to 2.33mn shares, value by 10% to QR38.06mn and deals by 10% to 306.
The banks and financial services sector saw a 10% decline in trade volume to 5.06mn equities but on a 65% expansion in value to QR165.12mn and a 14% in transactions to 1,169.
In the debt market, there was no trading of treasury bills and government bonds.
