The Qatar Stock Exchange on Sunday opened the week weak to settle below 10,300 levels on local retail investors’ increased selling pressure and foreign funds’ weak buying.
The telecom, real estate and banking counters witnessed higher-than-average selling pressure as the 20-stock Qatar Index shed 0.74% to 10,251.62 points.
However, non-Qatari and Gulf individuals as well as Gulf institutions turned bullish in the market, which is up 20.28% year-to-date.
Market capitalisation eroded about QR6bn, or 1.01%, to QR577.93bn, mainly on account of large cap equities.
Islamic equities were seen declining slower than the other indices in the market, where domestic funds’ profit-booking pressure lessened.
Trade turnover and volumes were on the decline in the bourse, where the banking and real estate sectors together accounted for more than 59% of the total volume.
The Total Return Index fell 0.74% to 18,062.21 points, the All Share Index by 0.88% to 3,043.5 points and the Al Rayan Islamic Index (Price) by 0.38% to 2,389.95 points.
The telecom index declined 1.43%, followed by realty (1.3%), banks and financial services (1.16%), consumer goods (0.57%), industrials (0.49%) and transport (0.26%); whereas insurance gained 1.02%.
About 56% of the traded stocks were in the red with major losers being Ezdan, Ooredoo, Milaha, Industries Qatar, Mesaieed Petrochemical Holding, QNB, Alijarah Holding and Commercial Bank; while Doha Bank, Dlala, Qatar National Cement, Mazaya Qatar and Nakilat were among the gainers.
Local individuals’ net selling increased influentially to QR11.62mn compared to QR7.9mn on November 22.
Non-Qatari institutions’ net buying weakened significantly to QR20.92mn against QR42.51mn the previous trading day.
However, non-Qatari individuals turned net buyers to the tune of QR2.12mn compared with net sellers of QR3.2mn last Thursday.
Gulf individuals were also net buyers to the extent of QR0.61mn against net sellers of QR0.29mn on November 22.
Gulf funds turned net buyers to the tune of QR0.2mn compared with net sellers of QR2.62mn the previous trading day.
Domestic funds’ net profit-booking declined significantly to QR12.23mn against QR28.48mn last Thursday.
Total trade volume fell 33% to 2.9mn shares, value by 44% to QR82.09mn and transactions by 30% to 2,130.
The telecom sector reported a 75% plunge in trade volume to 0.24mn equities, 37% in value to QR7.28mn and 35% in deals to 232.
The consumer goods sector’s trade volume plummeted 59% to 0.09mn stocks, value by 56% to QR7.35mn and transactions by 30% to 174.
The banks and financial services sector saw a 40% shrinkage in trade volume to 0.89mn shares, 61% in value to QR28.81mn and 37% in deals to 709.
The transport sector’s trade volume tanked 36% to 0.18mn equities, value by 23% to QR4.18mn and transactions by 29% to 100.
There was an 11% decline in the real estate sector’s trade volume to 0.83mn stocks, 31% in value to QR18.36mn and 51% in deals to 391.
However, the insurance sector’s trade volume soared 75% to 0.07mn shares, value by 88% to QR2.59mn and transactions by 45% to 48.
The market witnessed a 44% surge in the industrials sector’s trade volume to 0.59mn equities, 13% in value to QR13.52mn and 34% in deals to 476.
In the debt market, there was no trading of treasury bills and sovereign bonds.
The telecom, real estate and banking counters witnessed higher-than-average selling pressure as the 20-stock Qatar Index shed 0.74% to 10,251.62 points.
However, non-Qatari and Gulf individuals as well as Gulf institutions turned bullish in the market, which is up 20.28% year-to-date.
Market capitalisation eroded about QR6bn, or 1.01%, to QR577.93bn, mainly on account of large cap equities.
Islamic equities were seen declining slower than the other indices in the market, where domestic funds’ profit-booking pressure lessened.
Trade turnover and volumes were on the decline in the bourse, where the banking and real estate sectors together accounted for more than 59% of the total volume.
The Total Return Index fell 0.74% to 18,062.21 points, the All Share Index by 0.88% to 3,043.5 points and the Al Rayan Islamic Index (Price) by 0.38% to 2,389.95 points.
The telecom index declined 1.43%, followed by realty (1.3%), banks and financial services (1.16%), consumer goods (0.57%), industrials (0.49%) and transport (0.26%); whereas insurance gained 1.02%.
About 56% of the traded stocks were in the red with major losers being Ezdan, Ooredoo, Milaha, Industries Qatar, Mesaieed Petrochemical Holding, QNB, Alijarah Holding and Commercial Bank; while Doha Bank, Dlala, Qatar National Cement, Mazaya Qatar and Nakilat were among the gainers.
Local individuals’ net selling increased influentially to QR11.62mn compared to QR7.9mn on November 22.
Non-Qatari institutions’ net buying weakened significantly to QR20.92mn against QR42.51mn the previous trading day.
However, non-Qatari individuals turned net buyers to the tune of QR2.12mn compared with net sellers of QR3.2mn last Thursday.
Gulf individuals were also net buyers to the extent of QR0.61mn against net sellers of QR0.29mn on November 22.
Gulf funds turned net buyers to the tune of QR0.2mn compared with net sellers of QR2.62mn the previous trading day.
Domestic funds’ net profit-booking declined significantly to QR12.23mn against QR28.48mn last Thursday.
Total trade volume fell 33% to 2.9mn shares, value by 44% to QR82.09mn and transactions by 30% to 2,130.
The telecom sector reported a 75% plunge in trade volume to 0.24mn equities, 37% in value to QR7.28mn and 35% in deals to 232.
The consumer goods sector’s trade volume plummeted 59% to 0.09mn stocks, value by 56% to QR7.35mn and transactions by 30% to 174.
The banks and financial services sector saw a 40% shrinkage in trade volume to 0.89mn shares, 61% in value to QR28.81mn and 37% in deals to 709.
The transport sector’s trade volume tanked 36% to 0.18mn equities, value by 23% to QR4.18mn and transactions by 29% to 100.
There was an 11% decline in the real estate sector’s trade volume to 0.83mn stocks, 31% in value to QR18.36mn and 51% in deals to 391.
However, the insurance sector’s trade volume soared 75% to 0.07mn shares, value by 88% to QR2.59mn and transactions by 45% to 48.
The market witnessed a 44% surge in the industrials sector’s trade volume to 0.59mn equities, 13% in value to QR13.52mn and 34% in deals to 476.
In the debt market, there was no trading of treasury bills and sovereign bonds.
