The Qatar Stock Exchange on Monday witnessed robust buying at the realty counter but overall it continued to be in the negative turf for the second consecutive day.
There were robust buying interests from the Gulf and non-Qatari institutions amidst a 0.5% decline in the 20-stock Qatar Index to 8,117.41 points.
Islamic equities fell slower than the other indices on the bourse, whose year-to-date losses were at 22.22%.
There was increased net selling by domestic institutions and local retail investors in the market, whose capitalisation eroded 0.41% to QR443.25bn.
The market had been on weak wicket for most part of the trading session to reach a low of 8,080 points but there were some last minute purchases, yet the index settled 41 points lower.
Trade turnover grew amidst lower volumes in the bourse, where banking, real estate and industrials sectors together accounted for about 86% of the total volume.
The Total Return Index fell 0.5% to 13,612.41 points, Al Rayan Islamic Index by 0.48% to 3,222.81 points and All Share Index by 0.27% to 2,285.21 points.
The realty index soared 2.54%, while insurance declined 2.97%, transport (1.27%), telecom (0.73%), consumer goods (0.62%), industrials (0.54%) and banks and financial services (0.42%).
Major gainers included Ezdan, Mazaya Qatar, Barwa, Dlala, Medicare Group, Qatar Industrial Manufacturing and Qatar National Cement; even as Ahli bank, Qatar First Bank, Qatar Oman Investment, Qatari Investors Group, Qatar Insurance, Vodafone Qatar, United Development Company and Nakilat were among the losers.
The GCC (Gulf Cooperation Council) funds turned net buyers to the tune of QR40.27mn against net sellers of QR1.33mn on Sunday.
Non-Qatari institutions’ net buying increased considerably to QR27.49mn compared to QR6.81mn the previous day.
The GCC retail investors were net buyers to the extent of QR0.53mn against net sellers of QR0.43mn on October 22.
Domestic institutions’ net selling strengthened substantially to QR54.71mn compared to QR1.94mn on Sunday.
Local retail investors’ net profit booking increased perceptibly to QR11.23mn against QR3.5mn the previous day.
Non-Qatari individual investors turned net sellers to the tune of QR2.37mn compared with net buyers of QR0.39mn on October 22.
Total trade volume fell 32% to 8.11mn shares, while value grew 31% to QR165.43mn and deals by 46% to 2,201.
There was 75% plunge in the consumer goods sector’s trade volume to 0.02mn equities, 57% in value to QR1.4mn and 40% in transactions to 51.
The banks and financial services sector’s trade volume plummeted 64% to 3.29mn stocks and value by 9% to QR78.59mn, whereas deals rose 25% to 781.
The telecom sector saw 8% fall in trade volume to 0.55mn shares but on 91% increase in value to QR13.88mn and 19% in transactions to 211.
However, the insurance sector’s trade volume grew 12-fold to 0.24mn equities and value by more than 20-fold to QR11.23mn on more than five-fold in deals to 123.
The transport sector’s trade volume increased more than 11-fold to 0.34mn stocks and value by about 15-fold to QR8.7mn on more than quadrupled transactions to 172.
The real estate sector’s trade volume more than doubled to 2.2mn shares and value soared 80% to QR25.7mn on more than doubled deals to 473.
The industrials sector reported 52% surge in trade volume to 1.47mn equities, 83% in value to QR25.92mn and 13% in transactions to 390.
In the debt market, there was no trading of government bonds and treasury bills.
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