The Qatar Stock Exchange on Monday witnessed higher net buying interests of Gulf institutions; yet it settled below 8,100 levels.
An across-the-board selling led the 20-stock Qatar Index decline 1.38% for the third straight session to 8,014.71 points.
Not only did Gulf individual turn bullish but there was also lower net selling pressure from local retail investors in the market, whose year-to-date losses were seen at 22.21%.
Islamic equities fell faster than other indices on the bourse, whose capitalisation declined 1.63% to QR434.62bn.
Trade turnover and volumes were on the increase in the market, where industrials, banking and real estate sectors together accounted for more than 67% of the total volume.
The Total Return Index shed 1.38% to 13,440.2 points, All Share Index fell 1.8% to 2,230.61 points and Al Rayan Islamic Index by 1.83% to 3,110.34 points.
The insurance index plunged 5.5%, transport (3.41%), telecom (2.27%), realty (2.25%), consumer goods (2.08%), industrials (1.88%) and banks and financial services (0.82%).
The GCC (Gulf Cooperation Council) institutions’ net buying rose perceptibly to QR4.53mn against QR3.12mn on November 5.
The GCC retail investors turned net buyers to the tune of QR0.19mn compared with net sellers of QR0.51mn the previous day.
Local retail investors’ net profit booking weakened substantially to QR5.53mn against QR20.27mn on Sunday.
Domestic institutions’ net selling strengthened influentially to QR19.63mn compared to QR11.63mn on November 5.
Non-Qatari individual investors’ net profit booking increased marginally to QR1.93mn against QR1.38mn the previous day.
Non-Qatari institutions’ net buying declined to QR22.35mn compared to QR30.68mn on Sunday.
Total trade volume rose 98% to 9.27mn shares, value by 62% to QR207.95mn and deals by 38% to 3,031.
The insurance sector’s trade volume grew six-fold to 0.3mn equities and value more than doubled to QR4.57mn on almost doubled transactions to 66.
The transport sector’s trade volume more than quadrupled to 0.63mn stocks and value rose more than six-fold to QR22.72mn on 62% expansion in deals to 231.
The consumer goods sector’s trade volume almost quadrupled to 0.37mn shares and value more than quadrupled to QR21.55mn on more than doubled transactions to 287.
The telecom sector’s trade volume more than tripled to 1.75mn equities and value also more than tripled to QR18.21mn on 23% rise in deals to 279.
The industrials sector’s trade volume more than tripled to 2.14mn stocks, value soared 67% to QR39.36mn and transactions by 48% to 658.
The real estate sector’s trade volume more than doubled to 2.05mn shares and value also more than doubled to QR25.06mn on 84% surge in deals to 508.
However, the banks and financial services sector saw 16% decline in trade volume to 2.05mn equities and 2% in value to QR76.47mn but on 6% increase in transactions to 1,002.
In the debt market, there was no trading of treasury bills but as many as 79,600 sovereign bonds valued at QR792.02mn trade across one deal.
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