About 70% of the traded equities were in the red as the 20-stock Qatar Index settled 1.12% lower for the second consecutive day at 10,199.08 points, reflecting the MSCI decision.
Domestic funds turned bearish and there was increase net selling pressure from local retail investors on the market, which is however up 19.66% year-to-date.
Market capitalisation eroded about QR7bn or 1.16% to QR572bn, mainly on account of mid and microcap equities.
However, there were increased buying interests of foreign institutions and non-Qatari individuals in the market, which saw Islamic equities decline slower than the other indices.
Trade turnover and volumes were on the increase on the bourse, where banking, real estate and telecom sectors together accounted for more than 80% of the total volume.
The Total Return Index shrank 1.12% to 17,969.65 points, All Share Index by 1.14% to 3,009.27 points and Al Rayan Islamic Index (Price) by 0.96% to 2,387.93 points.
The consumer goods index plunged 6.47%, banks and financial services (1.07%), industrials (0.61%), realty (0.43%), transport (0.38%), telecom (0.33%) and insurance (0.22%).
Major shakers included Doha Bank, Woqod, Mannai Corporation, QNB, Qatari Investors Group, Vodafone Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Ezdan and Nakilat; even as Qatar Industrial Manufacturing, Barwa, Ooredoo, Commercial Bank and Qatar Oman Investment were among the gainers.
Local individuals’ net profit booking increased considerably to QR31.91mn compared to QR24.3mn on November 13.
Domestic institutions turned net sellers to the tune of QR21.59mn against net buyers of QR8.54mn the previous day.
The Gulf individuals were also net sellers to the extent of QR0.65mn compared with net buyers of QR0.34mn on Tuesday.
However, non-Qatari funds’ net buying increased significantly to QR43.02mn against QR12.87mn on November 13.
Non-Qatari individuals’ net buying grew influentially to QR9.78mn compared to QR1.55mn the previous day.
The Gulf institutions’ net buying strengthened marginally to QR1.35mn against QR1.02mn on Tuesday.
Total trade volume grew 50% to 8.38mn shares, value by 18% to QR269.55mn and transactions by 37% to 5,491.
The telecom sector’s trade volume almost tripled to 1.28mn equities, value soared 87% to QR18.71mn and deals by 30% to 508.
The real estate sector’s trade volume more than doubled to 2.16mn stocks and value more than quadrupled to QR65.82mn on more than doubled transactions to 1,450.
The banks and financial services sector saw 83% surge in trade volume to 3.28mn shares, 60% in value to QR109.74mn and 82% in deals to 2,165.
The insurance sector’s trade volume soared 40% to 0.14mn equities, value by 88% to QR4.64mn and transactions by 45% to 109.
There was 11% expansion in the industrials sector’s trade volume to 0.83mn stocks but on 26% shrinkage in value to QR28.57mn despite 9% higher deals at 688.
However, the transport sector’s trade volume plummeted 68% to 0.39mn shares and value by 67% to QR7.39mn, while transactions shot up 26% to 238.
The consumer goods sector reported 33% plunge in trade volume to 0.29mn equities, 51% in value to QR34.68mn and 67% in deals to 333.
In the debt market, there was no trading of treasury bills but as many 124,300 sovereign bonds valued at QR1.23bn traded across three transactions.
Domestic funds turned bearish and there was increase net selling pressure from local retail investors on the market, which is however up 19.66% year-to-date.
Market capitalisation eroded about QR7bn or 1.16% to QR572bn, mainly on account of mid and microcap equities.
However, there were increased buying interests of foreign institutions and non-Qatari individuals in the market, which saw Islamic equities decline slower than the other indices.
Trade turnover and volumes were on the increase on the bourse, where banking, real estate and telecom sectors together accounted for more than 80% of the total volume.
The Total Return Index shrank 1.12% to 17,969.65 points, All Share Index by 1.14% to 3,009.27 points and Al Rayan Islamic Index (Price) by 0.96% to 2,387.93 points.
The consumer goods index plunged 6.47%, banks and financial services (1.07%), industrials (0.61%), realty (0.43%), transport (0.38%), telecom (0.33%) and insurance (0.22%).
Major shakers included Doha Bank, Woqod, Mannai Corporation, QNB, Qatari Investors Group, Vodafone Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Ezdan and Nakilat; even as Qatar Industrial Manufacturing, Barwa, Ooredoo, Commercial Bank and Qatar Oman Investment were among the gainers.
Local individuals’ net profit booking increased considerably to QR31.91mn compared to QR24.3mn on November 13.
Domestic institutions turned net sellers to the tune of QR21.59mn against net buyers of QR8.54mn the previous day.
The Gulf individuals were also net sellers to the extent of QR0.65mn compared with net buyers of QR0.34mn on Tuesday.
However, non-Qatari funds’ net buying increased significantly to QR43.02mn against QR12.87mn on November 13.
Non-Qatari individuals’ net buying grew influentially to QR9.78mn compared to QR1.55mn the previous day.
The Gulf institutions’ net buying strengthened marginally to QR1.35mn against QR1.02mn on Tuesday.
Total trade volume grew 50% to 8.38mn shares, value by 18% to QR269.55mn and transactions by 37% to 5,491.
The telecom sector’s trade volume almost tripled to 1.28mn equities, value soared 87% to QR18.71mn and deals by 30% to 508.
The real estate sector’s trade volume more than doubled to 2.16mn stocks and value more than quadrupled to QR65.82mn on more than doubled transactions to 1,450.
The banks and financial services sector saw 83% surge in trade volume to 3.28mn shares, 60% in value to QR109.74mn and 82% in deals to 2,165.
The insurance sector’s trade volume soared 40% to 0.14mn equities, value by 88% to QR4.64mn and transactions by 45% to 109.
There was 11% expansion in the industrials sector’s trade volume to 0.83mn stocks but on 26% shrinkage in value to QR28.57mn despite 9% higher deals at 688.
However, the transport sector’s trade volume plummeted 68% to 0.39mn shares and value by 67% to QR7.39mn, while transactions shot up 26% to 238.
The consumer goods sector reported 33% plunge in trade volume to 0.29mn equities, 51% in value to QR34.68mn and 67% in deals to 333.
In the debt market, there was no trading of treasury bills but as many 124,300 sovereign bonds valued at QR1.23bn traded across three transactions.