Qatar Stock Exchange on Wednesday opened the year 2019 on a rather somber note despite strong buying interests, especially within insurance segment.
Foreign and Gulf institutions turned net profit takers as the 20-stock Qatar Index shed 0.18% to 10,280.34 points.
However, domestic funds and Gulf individuals turned net buyers in the market, which also saw increased buying support from non-Qatari retail investors.
Market capitalisation shed about QR2bn or 0.29% to QR587.04bn mainly owing to mid and small cap segments.
Islamic equities were however seen gaining vis-à-vis declines in the other indices in the market, where local retail investors turned marginally bullish.
Trade turnover shrank amidst higher volumes in the bourse, where industrials, real estate and banking sectors together accounted for more than 88% of the total volume.
The Total Return Index fell 0.18% to 18,112.83 points and All Share Index by 0.3% to 3,069.75 points, while Al Rayan Islamic Index (Price) grew 0.3% to 2,401.63 points.
The transport index declined 0.55%, realty (0.54%), banks and financial services (0.52%) and industrials (0.49%); whereas insurance and telecom gained 2.23% and 0.44% respectively.
Major losers included Industries Qatar, QNB, Doha Bank, Qatar Oman Investment, Qatar Electricity and Water, Ezdan, Mazaya Qatar and Nakilat; even as Mesaieed Petrochemical Holding, Alijarah Holding, United Development Company, Ooredoo and Gulf Warehousing were among the gainers.
Non-Qatari funds turned net sellers to the tune of QR7.5mn compared with net buyers of QR19.15mn on Monday.
The Gulf institutions were also net sellers to the extent of QR2.93mn against net buyers of QR8.03mn the previous day.
However, domestic funds turned net buyers to the tune of QR4.79mn compared with net sellers of QR28.13mn on December 31.
Non-Qatari individuals’ net buying increased marginally to QR3.03mn against QR2.79mn on Monday.
The Gulf individuals were net buyers to the extent of QR1.78mn compared with net sellers of QR0.58mn the previous day.
Local individuals turned net buyers to the tune of QR0.84mn against net profit takers of QR1.27mn on December 31.
Total trade volume rose 13% to 7.99mn shares, while value fell 10% to QR158.57mn despite 13% higher transactions at 5,611.
The real estate sector’s trade volume more than doubled to 2.08mn equities and value soared 66% to QR32.98mn on more than doubled deals to 786.
The industrials sector’s trade volume increased 20% to 3.95mn stocks, while value declined 16% to QR57.87mn despite 21% higher transactions at 3,321.
However, the insurance sector reported 93% plunge in trade volume to 0.01mn shares, 41% in value to QR3.34mn and 15% in deals to 91.
The telecom sector’s trade volume plummeted 61% to 0.37mn equities, whereas value grew 7% to QR14.62mn and transactions by 5% to 265.
There was 36% shrinkage in the transport sector’s trade volume to 0.27mn stocks, 42% in value to QR5.66mn and 52% in deals to 213.
The consumer goods sector’s trade volume tanked 10% to 0.19mn shares, value by 50% to QR4.46mn and transactions by 27% to 157.
The banks and financial services sector saw 4% dip in trade volume to 1.03mn equities, 19% in value to QR39.65mn and 11% in deals to 778.
In the debt market, there was no trading of treasury bills and sovereign bonds.
However, domestic funds and Gulf individuals turned net buyers in the market, which also saw increased buying support from non-Qatari retail investors.
Market capitalisation shed about QR2bn or 0.29% to QR587.04bn mainly owing to mid and small cap segments.
Islamic equities were however seen gaining vis-à-vis declines in the other indices in the market, where local retail investors turned marginally bullish.
Trade turnover shrank amidst higher volumes in the bourse, where industrials, real estate and banking sectors together accounted for more than 88% of the total volume.
The Total Return Index fell 0.18% to 18,112.83 points and All Share Index by 0.3% to 3,069.75 points, while Al Rayan Islamic Index (Price) grew 0.3% to 2,401.63 points.
The transport index declined 0.55%, realty (0.54%), banks and financial services (0.52%) and industrials (0.49%); whereas insurance and telecom gained 2.23% and 0.44% respectively.
Major losers included Industries Qatar, QNB, Doha Bank, Qatar Oman Investment, Qatar Electricity and Water, Ezdan, Mazaya Qatar and Nakilat; even as Mesaieed Petrochemical Holding, Alijarah Holding, United Development Company, Ooredoo and Gulf Warehousing were among the gainers.
Non-Qatari funds turned net sellers to the tune of QR7.5mn compared with net buyers of QR19.15mn on Monday.
The Gulf institutions were also net sellers to the extent of QR2.93mn against net buyers of QR8.03mn the previous day.
However, domestic funds turned net buyers to the tune of QR4.79mn compared with net sellers of QR28.13mn on December 31.
Non-Qatari individuals’ net buying increased marginally to QR3.03mn against QR2.79mn on Monday.
The Gulf individuals were net buyers to the extent of QR1.78mn compared with net sellers of QR0.58mn the previous day.
Local individuals turned net buyers to the tune of QR0.84mn against net profit takers of QR1.27mn on December 31.
Total trade volume rose 13% to 7.99mn shares, while value fell 10% to QR158.57mn despite 13% higher transactions at 5,611.
The real estate sector’s trade volume more than doubled to 2.08mn equities and value soared 66% to QR32.98mn on more than doubled deals to 786.
The industrials sector’s trade volume increased 20% to 3.95mn stocks, while value declined 16% to QR57.87mn despite 21% higher transactions at 3,321.
However, the insurance sector reported 93% plunge in trade volume to 0.01mn shares, 41% in value to QR3.34mn and 15% in deals to 91.
The telecom sector’s trade volume plummeted 61% to 0.37mn equities, whereas value grew 7% to QR14.62mn and transactions by 5% to 265.
There was 36% shrinkage in the transport sector’s trade volume to 0.27mn stocks, 42% in value to QR5.66mn and 52% in deals to 213.
The consumer goods sector’s trade volume tanked 10% to 0.19mn shares, value by 50% to QR4.46mn and transactions by 27% to 157.
The banks and financial services sector saw 4% dip in trade volume to 1.03mn equities, 19% in value to QR39.65mn and 11% in deals to 778.
In the debt market, there was no trading of treasury bills and sovereign bonds.
