The Qatar Stock Exchange on Wednesday remained under bearish spell, mainly dragged by telecom and insurance segments.
The Gulf funds’ increased net selling and substantially weakened buying interests of foreign institutions led the 20-stock Qatar Index to settle shed 0.25% to 10,329.61 points.
The bearish outlook of non-Qatari individuals also dampened the sentiments in the market, which is up 21.19% year-to-date.
Market capitalisation was up QR57mn, or 0.1%, to QR585.73bn, despite strong selling in the midcap segments.
Islamic equities were seen gaining marginally vis-a-vis declines in the main barometer of the market, where profit-booking pressure were however seen easing among domestic funds and local retail investors.
Trade turnover and volumes were on the decline in the bourse, where the banking and realty sectors together accounted for about 77% of the total volume.
The Total Return Index shed 0.25% to 18,199.63 points, while the Al Rayan Islamic Index (Price) gained 0.05% to 2,398.14 points and the All Share Index by 0.21% to 3,088.88 points.
The telecom index declined 1.3%, followed by insurance (0.92%), transport (01.9%), consumer goods (0.17%) and banks and financial services (0.06%); whereas real estate gained 2.22% and industrials (0.27%).
Some 50% of the traded stocks were in the red with major losers being Ooredoo, Vodafone Qatar, Commercial Bank, Qatar Electricity and Water, Nakilat, Barwa and United Development Company; even as Ezdan, Qatar First Bank, Medicare Group, Qatar Islamic Bank and Mazaya Qatar were among the gainers.
The Gulf institutions’ net profit-booking increased influentially to QR4.85mn compared to QR1.85mnn on Tuesday.
Non-Qatari individuals turned net sellers to the tune of QR1.68mn against net buyers of QR4.8mn the previous day.
Non-Qatari funds’ net buying declined significantly to QR50.93mn compared to QR85.11mn on November 27.
However, the Gulf individuals were net buyers to the extent of QR0.93mn against net sellers of QR0.72mn on Tuesday.
Domestic funds’ net profit-booking weakened significantly to QR16.71mn compared to QR51.33mn the previous day.
Local individual investors’ net selling also decreased considerably to QR28.62mn against QR36.01mn on November 27.
Total trade volume fell 18% to 7.59mn shares, value by 22% to QR243.55mn and transactions by 1% to 6,986.
The consumer goods sector’s trade volume plummeted 67% to 0.12mn equities, value by 79% to QR9.69mn and deals by 21% to 241.
The transport sector reported a 38% plunge in trade volume to 0.18mn stocks, 40% in value to QR3.75mnm and 30% in transactions to 144.
The real estate sector’s trade volume tanked 24% to 2.67mn shares and value by 2% to QR70.86mn; whereas deals rose 16% to 2,464.
There was a 21% shrinkage in the insurance sector’s trade volume to 0.11mn equities and 35% in value to QR3.36mn but on a 25% jump in transactions to 114.
The banks and financial services sector’s trade volume shrank 17% to 3.14mn stocks, value by 18% to QR120.78mn and deals by 13% to 2,961.
The telecom sector saw a 1% decline in trade volume to 0.7mn shares and 3% in value to QR12.37mn but on 3% growth in transactions to 365.
However, the industrials sector’s trade volume soared 35% to 0.66mn equities, while value was down 4% to QR22.75mn despite 31% higher deals at 697.
In the debt market, there was no trading of treasury bills and sovereign bonds.
The bearish outlook of non-Qatari individuals also dampened the sentiments in the market, which is up 21.19% year-to-date.
Market capitalisation was up QR57mn, or 0.1%, to QR585.73bn, despite strong selling in the midcap segments.
Islamic equities were seen gaining marginally vis-a-vis declines in the main barometer of the market, where profit-booking pressure were however seen easing among domestic funds and local retail investors.
Trade turnover and volumes were on the decline in the bourse, where the banking and realty sectors together accounted for about 77% of the total volume.
The Total Return Index shed 0.25% to 18,199.63 points, while the Al Rayan Islamic Index (Price) gained 0.05% to 2,398.14 points and the All Share Index by 0.21% to 3,088.88 points.
The telecom index declined 1.3%, followed by insurance (0.92%), transport (01.9%), consumer goods (0.17%) and banks and financial services (0.06%); whereas real estate gained 2.22% and industrials (0.27%).
Some 50% of the traded stocks were in the red with major losers being Ooredoo, Vodafone Qatar, Commercial Bank, Qatar Electricity and Water, Nakilat, Barwa and United Development Company; even as Ezdan, Qatar First Bank, Medicare Group, Qatar Islamic Bank and Mazaya Qatar were among the gainers.
The Gulf institutions’ net profit-booking increased influentially to QR4.85mn compared to QR1.85mnn on Tuesday.
Non-Qatari individuals turned net sellers to the tune of QR1.68mn against net buyers of QR4.8mn the previous day.
Non-Qatari funds’ net buying declined significantly to QR50.93mn compared to QR85.11mn on November 27.
However, the Gulf individuals were net buyers to the extent of QR0.93mn against net sellers of QR0.72mn on Tuesday.
Domestic funds’ net profit-booking weakened significantly to QR16.71mn compared to QR51.33mn the previous day.
Local individual investors’ net selling also decreased considerably to QR28.62mn against QR36.01mn on November 27.
Total trade volume fell 18% to 7.59mn shares, value by 22% to QR243.55mn and transactions by 1% to 6,986.
The consumer goods sector’s trade volume plummeted 67% to 0.12mn equities, value by 79% to QR9.69mn and deals by 21% to 241.
The transport sector reported a 38% plunge in trade volume to 0.18mn stocks, 40% in value to QR3.75mnm and 30% in transactions to 144.
The real estate sector’s trade volume tanked 24% to 2.67mn shares and value by 2% to QR70.86mn; whereas deals rose 16% to 2,464.
There was a 21% shrinkage in the insurance sector’s trade volume to 0.11mn equities and 35% in value to QR3.36mn but on a 25% jump in transactions to 114.
The banks and financial services sector’s trade volume shrank 17% to 3.14mn stocks, value by 18% to QR120.78mn and deals by 13% to 2,961.
The telecom sector saw a 1% decline in trade volume to 0.7mn shares and 3% in value to QR12.37mn but on 3% growth in transactions to 365.
However, the industrials sector’s trade volume soared 35% to 0.66mn equities, while value was down 4% to QR22.75mn despite 31% higher deals at 697.
In the debt market, there was no trading of treasury bills and sovereign bonds.
