The Qatar Stock Exchange on Sunday opened the week weak, mainly on selling pressure in the banking and realty counters.
Local, foreign and Gulf retail investors’ bullish outlook notwithstanding, the 20-stock Qatar Index lost 0.51% to 9,411.53 points.
Micro and small cap equities were seen gaining vis-à-vis declines in mid and large caps on the bourse, where decliners outnumbered gainers.
However, Gulf, domestic and foreign funds turned bearish on the market, which is up 10.42% year-to-date.
Islamic stocks were seen declining slower than the other indices on the bourse, whose capitalisation shed 0.55% to QR511.58bn.
Trade turnover and volumes were on the decline on the market, where banking, industrials and real estate sectors together accounted for about 88% of the total volume.
The Total Return Index shed 0.51% to 15,782.58 points, All Share Index by 0.48% to 2,642.02 points and Al Rayan Islamic Index by 0.24% to 3,735.99 points.
The banks and financial services index declined 1.4% and realty 0.98%; whereas consumer goods gained 1.44%, insurance (0.61%), transport (0.53%), industrials (0.49%) and telecom (0.06%).
More than 56% of the scrips were in the red with major losers being QNB, Commercial Bank, QIIB, Barwa, Ezdan, Vodafone Qatar, Gulf Warehousing, Mazaya Qatar and Qatari Investors Group; whereas Qatar National Cement, Qatar First Bank, Gulf International Services, Mesaieed Petrochemical Holding, Nakilat, Industries Qatar, Dlala and Woqod were among the gainers.
The Gulf institutions were net sellers to the tune of QR22.92mn against net buyers of QR1.94mn the previous trading day.
Domestic funds were also net sellers to the extent of QR9.69mn compared with net buyers of QR13.03mn last Thursday.
Non-Qatari institutions turned net sellers to the tune of QR1.7mn against net buyers of QR35.92mn on January 25.
However, local individuals were net buyers to the extent of QR26.28mn compared with net sellers of QR41.59mn the previous trading day.
Non-Qatari retail investors were also net buyers to the tune of QR7.27mn against net sellers of QR8.53mn last Thursday.
The Gulf retail investors turned net buyers to the extent of QR0.76mn compared with net profit takers of QR0.78mn on January 25.
Total trade volume fell 9% to 8.91mn shares, value by 41% to QR200.18mn and deals by 38% to 3,154.
The insurance sector saw 71% plunge in trade volume to 0.06mn equities, 75% in value to QR2.76mn and 45% in transactions to 91.
The transport sector’s trade volume plummeted 65% to 0.15mn stocks, value by 73% to QR3.68mn and deals by 60% to 100.
The consumer goods sector reported 52% shrinkage in trade volume to 0.29 shares, 68% in value to QR16.16mn and 61% in transactions to 260.
The real estate sector’s trade volume tanked 16% to 2.07mn equities, value by 23% to QR41.47mn and deals by 28% to 580.
There was 7% fall in the banks and financial services sector’s trade volume to 2.98mn stocks, 46% in value to QR74.38mn and 46% in transactions to 1,004.
However, the telecom sector’s trade volume soared 20% to 0.59mn shares, while value shrank 54% to QR5.14mn and deals by 38% to 166.
The market witnessed 17% expansion in the industrials sector’s trade volume to 2.77mn equities but on 10% slump in value to QR56.59mn and 11% in transactions to 953.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Micro and small cap equities were seen gaining vis-à-vis declines in mid and large caps on the bourse, where decliners outnumbered gainers.
However, Gulf, domestic and foreign funds turned bearish on the market, which is up 10.42% year-to-date.
Islamic stocks were seen declining slower than the other indices on the bourse, whose capitalisation shed 0.55% to QR511.58bn.
Trade turnover and volumes were on the decline on the market, where banking, industrials and real estate sectors together accounted for about 88% of the total volume.
The Total Return Index shed 0.51% to 15,782.58 points, All Share Index by 0.48% to 2,642.02 points and Al Rayan Islamic Index by 0.24% to 3,735.99 points.
The banks and financial services index declined 1.4% and realty 0.98%; whereas consumer goods gained 1.44%, insurance (0.61%), transport (0.53%), industrials (0.49%) and telecom (0.06%).
More than 56% of the scrips were in the red with major losers being QNB, Commercial Bank, QIIB, Barwa, Ezdan, Vodafone Qatar, Gulf Warehousing, Mazaya Qatar and Qatari Investors Group; whereas Qatar National Cement, Qatar First Bank, Gulf International Services, Mesaieed Petrochemical Holding, Nakilat, Industries Qatar, Dlala and Woqod were among the gainers.
The Gulf institutions were net sellers to the tune of QR22.92mn against net buyers of QR1.94mn the previous trading day.
Domestic funds were also net sellers to the extent of QR9.69mn compared with net buyers of QR13.03mn last Thursday.
Non-Qatari institutions turned net sellers to the tune of QR1.7mn against net buyers of QR35.92mn on January 25.
However, local individuals were net buyers to the extent of QR26.28mn compared with net sellers of QR41.59mn the previous trading day.
Non-Qatari retail investors were also net buyers to the tune of QR7.27mn against net sellers of QR8.53mn last Thursday.
The Gulf retail investors turned net buyers to the extent of QR0.76mn compared with net profit takers of QR0.78mn on January 25.
Total trade volume fell 9% to 8.91mn shares, value by 41% to QR200.18mn and deals by 38% to 3,154.
The insurance sector saw 71% plunge in trade volume to 0.06mn equities, 75% in value to QR2.76mn and 45% in transactions to 91.
The transport sector’s trade volume plummeted 65% to 0.15mn stocks, value by 73% to QR3.68mn and deals by 60% to 100.
The consumer goods sector reported 52% shrinkage in trade volume to 0.29 shares, 68% in value to QR16.16mn and 61% in transactions to 260.
The real estate sector’s trade volume tanked 16% to 2.07mn equities, value by 23% to QR41.47mn and deals by 28% to 580.
There was 7% fall in the banks and financial services sector’s trade volume to 2.98mn stocks, 46% in value to QR74.38mn and 46% in transactions to 1,004.
However, the telecom sector’s trade volume soared 20% to 0.59mn shares, while value shrank 54% to QR5.14mn and deals by 38% to 166.
The market witnessed 17% expansion in the industrials sector’s trade volume to 2.77mn equities but on 10% slump in value to QR56.59mn and 11% in transactions to 953.
In the debt market, there was no trading of treasury bills and sovereign bonds.
