The Qatar Stock Exchange remained flat on Tuesday amidst four sectors experiencing moderate buying interests.
Selling pressure was seen weakening among domestic funds and local retail investors as the 20-stock Qatar Index settled at 10,355.67 points.
Non-Qatari individuals turned bearish and there was lower buying interests among non-Qatari funds on the market, which is up 21.5% year-to-date.
Market capitalisation was up QR39mn or 0.07% to QR585.16bn, mainly on account of large and microcap equities.
Islamic equities were seen declining faster than the other indices on the market, where Gulf funds were increasingly bearish.
Trade turnover and volumes were on the increase in the bourse, where banking and realty sectors together accounted for more than 78% of the total volume.
The Total Return Index was down 0.01% to 18,245.54 points and Al Rayan Islamic Index (Price) by 0.28% to 2,397 points, while All Share Index rose 0.13% to 3,082.43 points.
The consumer goods declined 0.73%, industrials (0.45%) and insurance (0.43%); whereas real estate soared 1.33%, transport (0.67%), telecom (0.44%) and banks and financial services (0.1%).
More than 57% of the traded stocks were in the red with major losers being Vodafone Qatar, Al Khaliji, Qatar Oman Investment, Woqod, Qatar National Cement, Gulf International Services, Mesaieed Petrochemical Holding, Mazaya Qatar, United Development Company and Gulf Warehousing; even as Qatari German Company for Medical Devices, Ezdan, Ooredoo, Milaha and Qatar First Bank were among the gainers.
Domestic funds’ net profit booking grew significantly to QR51.33mn compared to QR42.94mn the previous day.
Local individual investors’ net selling also increased influentially to QR36.01mn against QR29.01mn on Monday.
However, non-Qatari funds’ net buying increased significantly to QR85.11mn compared to QR79.96mn on November 26.
Non-Qatari individuals turned net buyers to the tune of QR4.8mn against net sellers of QR4.94mn the previous day.
The Gulf institutions’ net selling declined perceptibly to QR1.85mnn compared to QR2.34mn on Monday.
The Gulf individuals’ net profit booking was rather unchanged at QR0.72mn although their net selling proportion was marginally lower.
Total trade volume rose 2% to 9.28mn shares, value by 9% to QR13.94mn and transactions by 5% to 7,024.
The consumer goods sector’s trade volume soared 80% to 0.36mn equities to more than quadruple value to QR46.15mn on 34% jump in deals to 304.
The real estate sector reported 14% surge in trade volume to 3.51mn stocks, 7% in value to QR72.34mn and 34% in transactions to 2,126.
The banks and financial services sector’s trade volume was up 5% to 3.77mn shares, value by 12% to QR147.56mn and deals by 6% to 3,410.
However, the market witnessed 36% plunge in the industrials sector’s trade volume to 0.49mn equities, 45% in value to QR23.65mn and 32% in transactions to 532.
The telecom sector’s trade volume plummeted 30% to 0.71mn stocks, value by 45% to QR12.81mn and deals by 35% to 354.
The transport sector’s trade volume tanked 19% to 0.29mn shares and value by 21% to QR6.27mnm whereas transactions were flat at 207.
Although the insurance sector’s trade volume was flat at 0.14mn equities, there was 27% increase in value to QR5.15mn but on 5% fall in deals to 91.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Non-Qatari individuals turned bearish and there was lower buying interests among non-Qatari funds on the market, which is up 21.5% year-to-date.
Market capitalisation was up QR39mn or 0.07% to QR585.16bn, mainly on account of large and microcap equities.
Islamic equities were seen declining faster than the other indices on the market, where Gulf funds were increasingly bearish.
Trade turnover and volumes were on the increase in the bourse, where banking and realty sectors together accounted for more than 78% of the total volume.
The Total Return Index was down 0.01% to 18,245.54 points and Al Rayan Islamic Index (Price) by 0.28% to 2,397 points, while All Share Index rose 0.13% to 3,082.43 points.
The consumer goods declined 0.73%, industrials (0.45%) and insurance (0.43%); whereas real estate soared 1.33%, transport (0.67%), telecom (0.44%) and banks and financial services (0.1%).
More than 57% of the traded stocks were in the red with major losers being Vodafone Qatar, Al Khaliji, Qatar Oman Investment, Woqod, Qatar National Cement, Gulf International Services, Mesaieed Petrochemical Holding, Mazaya Qatar, United Development Company and Gulf Warehousing; even as Qatari German Company for Medical Devices, Ezdan, Ooredoo, Milaha and Qatar First Bank were among the gainers.
Domestic funds’ net profit booking grew significantly to QR51.33mn compared to QR42.94mn the previous day.
Local individual investors’ net selling also increased influentially to QR36.01mn against QR29.01mn on Monday.
However, non-Qatari funds’ net buying increased significantly to QR85.11mn compared to QR79.96mn on November 26.
Non-Qatari individuals turned net buyers to the tune of QR4.8mn against net sellers of QR4.94mn the previous day.
The Gulf institutions’ net selling declined perceptibly to QR1.85mnn compared to QR2.34mn on Monday.
The Gulf individuals’ net profit booking was rather unchanged at QR0.72mn although their net selling proportion was marginally lower.
Total trade volume rose 2% to 9.28mn shares, value by 9% to QR13.94mn and transactions by 5% to 7,024.
The consumer goods sector’s trade volume soared 80% to 0.36mn equities to more than quadruple value to QR46.15mn on 34% jump in deals to 304.
The real estate sector reported 14% surge in trade volume to 3.51mn stocks, 7% in value to QR72.34mn and 34% in transactions to 2,126.
The banks and financial services sector’s trade volume was up 5% to 3.77mn shares, value by 12% to QR147.56mn and deals by 6% to 3,410.
However, the market witnessed 36% plunge in the industrials sector’s trade volume to 0.49mn equities, 45% in value to QR23.65mn and 32% in transactions to 532.
The telecom sector’s trade volume plummeted 30% to 0.71mn stocks, value by 45% to QR12.81mn and deals by 35% to 354.
The transport sector’s trade volume tanked 19% to 0.29mn shares and value by 21% to QR6.27mnm whereas transactions were flat at 207.
Although the insurance sector’s trade volume was flat at 0.14mn equities, there was 27% increase in value to QR5.15mn but on 5% fall in deals to 91.
In the debt market, there was no trading of treasury bills and sovereign bonds.
