The Qatar Stock Exchange on Sunday opened the week weak and its key index fell below 10,400 levels, mainly dragged by real estate, consumer goods, insurance and industrials equities.
Local retail investors and Gulf funds turned net sellers as the 20-stock Qatar Index settled 0.77% to 10,332.77 points.
There were also bearish sentiments among non-Qatari individuals in the market, which is however up 21.23% year-to-date.
Market capitalisation eroded more than QR4bn or 0.73% to QR589.62bn despite gains within micro, mid and small cap segments.
Islamic equities were seen declining slower than the other indices in the market, where foreign funds were increasingly bullish and domestic institutions turned bullish.
Trade turnover and volumes were on the decline in the bourse, where industrials and banking sectors together accounted for about 87% of the total volume.
The Total Return Index shed 0.77% to 18,205.19 points, Al Rayan Islamic Index (Price) by 0.6% to 2,396.09 points and All Share Index by 0.74% to 3,076.96 points.
The realty index shrank 1.58%, consumer goods (1.18%), insurance (1.1%), industrials (1.07%), transport (0.75%), telecom (0.43%) and banks and financial services (0.29%).
More than 67% of the traded stocks were in the red with major losers being Ezdan, Industries Qatar, Vodafone Qatar, Ahlibank, Gulf International Services, Mesaieed Petrochemical Holding, Mannai Corporation, Nakilat and Qatar Islamic Bank; even as Al Khaliji, Qatari Investors Group, Aamal Company and Mazaya Qatar were among the gainers.
Local individuals turned net sellers to the tune of QR23.03mn compared with net buyers of QR2.81mn on December 20.
The Gulf funds were net sellers to the extent of QR10.58mn against net buyers of QR2.26mn the previous trading day.
Non-Qatari individuals turned net sellers to the tune of QR3.29mn compared with net buyers of QR2.53mn last Thursday.
The Gulf individual investors’ net buying declined marginally to QR0.66mn against QR0.86mn on December 20.
However, non-Qatari funds’ net buying increased considerably to QR31.62mn compared to QR6.45mn the previous trading day.
Domestic institutions turned net buyers to the extent of QR4.61mn against net profit takers of QR34.97mn last Thursday.
Total trade volume fell 49% to 13.93mn shares, value by 67% to QR219.59mn and transactions by 43% to 7,430.
The insurance sector’s trade volume plummeted 99% to 2,470 equities, value by 99% to QR0.06mn and deals by 94% to 9.
The telecom sector reported 68% plunge in trade volume to 0.23mn stocks, 87% in value to QR2.39mn and 67% in transactions to 123.
The transport sector’s trade volume tanked 67% to 0.17mn shares, value by 76% to QR3.47mn and deals by 52% to 162.
There was 52% shrinkage in the real estate sector’s trade volume to 1.12mn equities, 76% in value to QR10.78mn and 27% in transactions to 449.
The banks and financial services sector’s trade volume declined 50% to 2.1mn stocks, value by 80% to QR45mn and deals by 54% to 777.
The industrials sector saw 47% contraction in trade volume to 10.01mn shares, 55% in value to QR147.43mn and 40% in transactions to 5,630.
The consumer goods sector’s trade volume shrank 41% to 0.29mn equities, value by 64% to QR10.5mn and deals by 44% to 280.
In the debt market, there was no trading of treasury bills and sovereign bonds.
There were also bearish sentiments among non-Qatari individuals in the market, which is however up 21.23% year-to-date.
Market capitalisation eroded more than QR4bn or 0.73% to QR589.62bn despite gains within micro, mid and small cap segments.
Islamic equities were seen declining slower than the other indices in the market, where foreign funds were increasingly bullish and domestic institutions turned bullish.
Trade turnover and volumes were on the decline in the bourse, where industrials and banking sectors together accounted for about 87% of the total volume.
The Total Return Index shed 0.77% to 18,205.19 points, Al Rayan Islamic Index (Price) by 0.6% to 2,396.09 points and All Share Index by 0.74% to 3,076.96 points.
The realty index shrank 1.58%, consumer goods (1.18%), insurance (1.1%), industrials (1.07%), transport (0.75%), telecom (0.43%) and banks and financial services (0.29%).
More than 67% of the traded stocks were in the red with major losers being Ezdan, Industries Qatar, Vodafone Qatar, Ahlibank, Gulf International Services, Mesaieed Petrochemical Holding, Mannai Corporation, Nakilat and Qatar Islamic Bank; even as Al Khaliji, Qatari Investors Group, Aamal Company and Mazaya Qatar were among the gainers.
Local individuals turned net sellers to the tune of QR23.03mn compared with net buyers of QR2.81mn on December 20.
The Gulf funds were net sellers to the extent of QR10.58mn against net buyers of QR2.26mn the previous trading day.
Non-Qatari individuals turned net sellers to the tune of QR3.29mn compared with net buyers of QR2.53mn last Thursday.
The Gulf individual investors’ net buying declined marginally to QR0.66mn against QR0.86mn on December 20.
However, non-Qatari funds’ net buying increased considerably to QR31.62mn compared to QR6.45mn the previous trading day.
Domestic institutions turned net buyers to the extent of QR4.61mn against net profit takers of QR34.97mn last Thursday.
Total trade volume fell 49% to 13.93mn shares, value by 67% to QR219.59mn and transactions by 43% to 7,430.
The insurance sector’s trade volume plummeted 99% to 2,470 equities, value by 99% to QR0.06mn and deals by 94% to 9.
The telecom sector reported 68% plunge in trade volume to 0.23mn stocks, 87% in value to QR2.39mn and 67% in transactions to 123.
The transport sector’s trade volume tanked 67% to 0.17mn shares, value by 76% to QR3.47mn and deals by 52% to 162.
There was 52% shrinkage in the real estate sector’s trade volume to 1.12mn equities, 76% in value to QR10.78mn and 27% in transactions to 449.
The banks and financial services sector’s trade volume declined 50% to 2.1mn stocks, value by 80% to QR45mn and deals by 54% to 777.
The industrials sector saw 47% contraction in trade volume to 10.01mn shares, 55% in value to QR147.43mn and 40% in transactions to 5,630.
The consumer goods sector’s trade volume shrank 41% to 0.29mn equities, value by 64% to QR10.5mn and deals by 44% to 280.
In the debt market, there was no trading of treasury bills and sovereign bonds.
