The bearish outlook of domestic funds landed the Qatar Stock Exchange in the negative turf; even as its key index remained above 10,700 levels this week.
Transport and telecom counters witnessed higher-than-average selling pressure this week, which saw QNB, the country's largest lender, consider a 1:10 stock split, whereby each share will be subdivided into 10 shares.
About 72% of the traded constituents were in the red this week which saw Al Khaliji report about 11% year-on-year growth in net profit to QR608mn in 2018.
Domestic funds turned bearish as the 20-stock Qatar Index settled 0.7% lower this week which saw Nakilat-Keppel Offshore and Marine (N-Kom) receive its first floating storage regasification unit for the repairs at its Erhama Bin Jaber Al Jalahma Shipyard.
Major shakers included Nakilat, Vodafone Qatar, Aamal Company, Gulf International Services, Doha Insurance, Qatar General and Reinsurance, Masraf Al Rayan, Al Khaliji, Qatari German Company for Medical Devices and Zad Holding this week which saw total assets of commercial banks in Qatar register 4% year-on-year expansion to QR1.42tn in December 2018.
Nevertheless, Ahlibank Qatar, Ezdan, Qatar Oman Investment, Qatar National Cement and Al Khaleej Takaful were among the prime gainers this week which saw no trading of sovereign bonds.
Islamic stocks were seen declining faster than the main index and other indices in the market this week, which saw no trading of treasury bills.
A total of 6,698 QATR (Masraf Al Rayan sponsored exchange traded fund or ETF) valued at QR0.17mn trade across seven deals and as many as 4,269 QETF (Doha Bank sponsored ETF) valued at QR0.45mn change hands across 18 transactions this week.
The Total Return Index shed 0.7%, All Share Index by 0.21% and Al Rayan Islamic Index (Price) by 1.03% this week.
The transport index plummeted 3.07%, telecom (1%), industrials (0.66%), insurance (0.58%), consumer goods (0.44%) and banks and financial services (0.37%); whereas realty shot up 2.3% this week which saw banking and industrials segments together account for more than 70% of total trade volume.
The banks and financial sector constituted 42% of the total volume, industrials (28%), real estate (13%), transport (6%), telecom and insurance (4% each), and consumer goods (3%) this week.
In terms of value, banks and financial sector’s share was 45%, industrials (24%), real estate and consumer goods (9% each), transport (6%), and telecom and insurance (4% each) this week.
Foreign institutions’ net buying fell significantly to QR235.19mn compared to QR309.62mn the previous week.
Domestic funds turned net sellers to the tune of QR7.15mn against net buyers of QR22.36mn the week ended January 17.
However, Qatari individuals net selling declined substantially to QR224.34mn compared to QR321.53mn a week ago.
Non-Qatari retail investors’ net profit booking eased noticeably to QR3.69mn against QR10.46mn the previous week.
Total trade volume fell 21% to 39.07mn shares, value by 21% to QR1.15bn and transactions by 24% to 25,624 this week.
The consumer goods sector’s trade volume plummeted 60% to 1.25mn equities, value by 39% to QR101.35mn and deals by 25% to 2,342.
The telecom sector reported 46% plunge in trade volume to 1.46mn stocks, 26% in value to QR50.71mn and 27% in transactions to 1,547.
The industrials sector’s trade volume tanked 39% to 10.92mn shares, value by 32% to QR272.53mn and deals by 35% to 9,031.
The real estate sector reported 35% shrinkage in trade volume to 5.14mn equities, 28% in value to QR103.92mn and 36% in transactions to 3,088.
The transport sector’s trade volume declined 28% to 2.27mn stocks, value by 25% to QR64.68mn and deals by 27% to 1,484.
However, the banks and financial sector saw 26% surge in trade volume to 16.45mn shares but on 6% fall in value to QR515.56mn despite 5% higher transactions at 7,139.
The insurance sector’s trade volume soared 18% to 1.58mn equities, value by 7% to QR44.69mn and deals by 12% to 993.
About 72% of the traded constituents were in the red this week which saw Al Khaliji report about 11% year-on-year growth in net profit to QR608mn in 2018.
Domestic funds turned bearish as the 20-stock Qatar Index settled 0.7% lower this week which saw Nakilat-Keppel Offshore and Marine (N-Kom) receive its first floating storage regasification unit for the repairs at its Erhama Bin Jaber Al Jalahma Shipyard.
Major shakers included Nakilat, Vodafone Qatar, Aamal Company, Gulf International Services, Doha Insurance, Qatar General and Reinsurance, Masraf Al Rayan, Al Khaliji, Qatari German Company for Medical Devices and Zad Holding this week which saw total assets of commercial banks in Qatar register 4% year-on-year expansion to QR1.42tn in December 2018.
Nevertheless, Ahlibank Qatar, Ezdan, Qatar Oman Investment, Qatar National Cement and Al Khaleej Takaful were among the prime gainers this week which saw no trading of sovereign bonds.
Islamic stocks were seen declining faster than the main index and other indices in the market this week, which saw no trading of treasury bills.
A total of 6,698 QATR (Masraf Al Rayan sponsored exchange traded fund or ETF) valued at QR0.17mn trade across seven deals and as many as 4,269 QETF (Doha Bank sponsored ETF) valued at QR0.45mn change hands across 18 transactions this week.
The Total Return Index shed 0.7%, All Share Index by 0.21% and Al Rayan Islamic Index (Price) by 1.03% this week.
The transport index plummeted 3.07%, telecom (1%), industrials (0.66%), insurance (0.58%), consumer goods (0.44%) and banks and financial services (0.37%); whereas realty shot up 2.3% this week which saw banking and industrials segments together account for more than 70% of total trade volume.
The banks and financial sector constituted 42% of the total volume, industrials (28%), real estate (13%), transport (6%), telecom and insurance (4% each), and consumer goods (3%) this week.
In terms of value, banks and financial sector’s share was 45%, industrials (24%), real estate and consumer goods (9% each), transport (6%), and telecom and insurance (4% each) this week.
Foreign institutions’ net buying fell significantly to QR235.19mn compared to QR309.62mn the previous week.
Domestic funds turned net sellers to the tune of QR7.15mn against net buyers of QR22.36mn the week ended January 17.
However, Qatari individuals net selling declined substantially to QR224.34mn compared to QR321.53mn a week ago.
Non-Qatari retail investors’ net profit booking eased noticeably to QR3.69mn against QR10.46mn the previous week.
Total trade volume fell 21% to 39.07mn shares, value by 21% to QR1.15bn and transactions by 24% to 25,624 this week.
The consumer goods sector’s trade volume plummeted 60% to 1.25mn equities, value by 39% to QR101.35mn and deals by 25% to 2,342.
The telecom sector reported 46% plunge in trade volume to 1.46mn stocks, 26% in value to QR50.71mn and 27% in transactions to 1,547.
The industrials sector’s trade volume tanked 39% to 10.92mn shares, value by 32% to QR272.53mn and deals by 35% to 9,031.
The real estate sector reported 35% shrinkage in trade volume to 5.14mn equities, 28% in value to QR103.92mn and 36% in transactions to 3,088.
The transport sector’s trade volume declined 28% to 2.27mn stocks, value by 25% to QR64.68mn and deals by 27% to 1,484.
However, the banks and financial sector saw 26% surge in trade volume to 16.45mn shares but on 6% fall in value to QR515.56mn despite 5% higher transactions at 7,139.
The insurance sector’s trade volume soared 18% to 1.58mn equities, value by 7% to QR44.69mn and deals by 12% to 993.
