The Qatar Stock Exchange on Thursday saw both domestic and Gulf institutions turn net buyers but it still closed in the negative.
The real estate counter witnessed brisk buying amidst a 0.31% decline in the 20-stock Qatar Index to 8,146.23 points.
There was weakened net selling by local retail investors and increased buying support from their Gulf counterparts in the market, whose year-to-date losses were seen at 21.95%.
Islamic equities fell faster than other indices in the bourse, whose capitalisation was down 0.04% to QR443.47bn.
Trade turnover and volumes were on the decline in the market, where the industrials and banking sectors together accounted for more than 59% of the total volume.
The Total Return Index declined 0.31% to 13,660.74 points, the All Share Index fell 0.05% to 2,281.38 points and the Al Rayan Islamic Index by 0.24% to 3,203.7 points.
The realty index gained 0.75%, followed by telecom (0.04%) and insurance (0.03%); whereas industrials fell 0.29%, banks and financial services (0.22%), transport (0.07%) and consumer goods (0.01%).
Major gainers include Qatar Insurance, Ezdan, Gulf Warehousing, Qatar National Cement, Al Meera and Alijarah Holding; even as Masraf Al Rayan, Aamal Company, Qatari Investors Group, Barwa and Milaha were among the losers.
Domestic institutions turned net buyers to the tune of QR13.6mn compared with net sellers of QR3.67mn on November 1.
The GCC (Gulf Cooperation Council) funds were also net buyers to the extent of QR8.97mn against net sellers of QR1.27mn on Wednesday.
The GCC retail investors’ net buying increased marginally to QR0.29mn compared to QR0.11mn the previous day.
Local retail investors’ net profit-booking weakened perceptibly to QR3.26mn against QR8.19mn on November 1.
However, non-Qatari individual investors turned net sellers to the tune of QR3.24mn compared with net buyers of QR2.17mn on Wednesday.
Non-Qatari institutions’ net buying weakened marginally to QR10.83mn against QR10.88mn the previous day.
Total trade volume fell 36% to 3.9mn shares, value by 15% to QR112.83mn and deals by 1% to 1,883.
There was a 96% plunge in the insurance sector’s trade volume to 0.05mn equities, 88% in value to QR1.94mn and 30% in transactions to 50.
The real estate sector’s trade volume plummeted 61% to 0.55mn stocks and value by 58% to QR7.26mn, whereas deals rose 14% to 271.
The banks and financial services sector saw a 58% shrinkage in trade volume to 0.88mn shares and 35% in value to QR41.94mn but on 2% rise in transactions to 714.
The consumer goods sector’s trade volume tanked 40% to 0.18mn equities, value by 44% to QR8.25mn and deals by 9% to 147.
However, the transport sector’s trade volume more than tripled to 0.42mn stocks and value grew almost nine-fold to QR20.09mn, whereas transactions shrank 26% to 112.
The industrials sector’s trade volume more than doubled to 1.44mn shares and value also more than doubled to QR25.33mn on 27% increase in deals to 376.
The telecom sector reported a 58% surge in trade volume to 0.38mn equities and about 1% in value to QR8.01mn but on 27% decline in transactions to 213.
In the debt market, there was no trading of government bonds and treasury bills.