The Qatar Stock Exchange was back in the negative trajectory to retreat below 9,000 points mainly on increased profit booking by foreign institutions.
Selling pressure — especially in real estate, industrials, transport and banks — resulted in a 0.76% decline in the 20-stock Qatar Index to 8,936.78 points on Monday.
Masraf Al Rayan- and Doha Bank-sponsored exchange traded funds QATR and QETF, however, gained 4.71% and 0.38% respectively.
Islamic stocks were seen declining slower than the other indices on the market, which is up 4.85% year-to-date.
Local retail investors were increasingly net buyers as well as both domestic and Gulf funds turned bullish on the bourse, whose capitalisation fell 0.81% to QR489.68bn, mainly dragged by small and midcaps.
Trade turnover and volumes were on the increase on the market, where banks, telecom and realty sectors together accounted for about three-fourth of the total volume.
The Total Return Index shed 0.76% to 15,745.62 points, All Share Index by 0.84% to 2,599.45 points and Al Rayan Islamic Index (Price) by 0.33% to 2,188.1 points.
The realty index shrank 2.26%, industrials (1.11%), transport (1.11%), banks and financial services (0.96%) and insurance (0.8%); whereas telecom and consumer goods gained 2.37% and 1.25% respectively.
Major decliners included Ezdan, Milaha, Industries Qatar, QNB, Qatar Insurance, Qatar Islamic Bank, Commercial Bank, Doha Bank, Qatar Electricity and Water and Barwa; even as Ooredoo, Vodafone Qatar, Gulf Warehousing, Dlala and Qatari German Company for Medical Devices were among the gainers.
Non-Qatari institutions’ net profit booking strengthened substantially to QR46.33mn compared to QR2.5mn on June 24.
The Gulf individuals were also net sellers to the tune of QR0.22mn against net buyers of QR0.03mn on Sunday.
However, local individuals’ net buying increased considerably to QR30.08mn compared to QR6.33mn the previous day.
Domestic institutions turned net buyers to the extent of QR9.27mn against net sellers of QR3.51mn on June 24.
The Gulf institutions were also net buyers to the tune of QR5.13mn compared with net profit takers of QR0.45mn on Sunday.
Non-Qatari individual investors’ net buying grew perceptibly to QR2.08mn against QR0.12mn the previous day.
Total trade volume rose 46% to 6.65mn shares and value by 40% to QR219.25mn on more than doubled transactions to 3,441.
The telecom sector’s trade volume grew almost five-fold to 1.86mn equities and value by more than eight-fold to QR35.04mn on almost five-fold jump in deals to 545.
The real estate sector’s trade volume almost tripled to 1.17mn stocks and value more than doubled to QR17mn on almost doubled transactions to 462.
The industrials sector’s trade volume more than doubled to 0.65mn shares and value almost tripled to QR28.1mn on more than doubled deals to 594.
The insurance sector reported 76% surge in trade volume to 0.44mn equities and 71% in value to QR15.16mn on almost tripled transactions to 278.
The consumer goods sector’s trade volume soared 68% to 0.32mn stocks and value more than doubled to QR38.23mn on 78% jump in deals to 260.
The banks and financial services sector saw 48% expansion in trade volume to 1.93mn shares and 1% in value to QR80.95mn on doubled transactions to 1,147.
However, the transport sector’s trade volume plunged 85% 0.26mn equities and value by 83% to QR4.77mn, whereas deals were up 10% to 155.
In the debt market, there was no trading of treasury bills and sovereign bonds.