The Qatar Stock Exchange on Tuesday witnessed increased buying interests from domestic funds, yet its key index settled marginally lower.
Real estate, banking, transport and telecom counters saw heavy to moderate selling pressure as the 20-stock Qatar Index settled 0.16% lower at 9,957.03 points.
Local retail investors continued to be net sellers but with lesser intensity in the market, whose sensitive index is down 3.32% year-to-date.
Market capitalisation eroded more than QR3bn, or 0.56%, to QR561.05bn mainly owing to mid and small cap segments.
Islamic equities were however seen gaining vis-à-vis declines in the main index and other indices in the market, where foreign funds’ buying interests considerably weakened.
Trade turnover and volumes were on the increase in the bourse, where the banking, industrials and realty sectors together accounted for about 85% of the total volume.
The Total Return Index was down 0.04% to 18,104.27 points and the All Share Index by 0.77% to 3,024.37 points, while the Al Rayan Islamic Index (Price) grew 0.65% to 2,355.85 points.
The real estate index plummeted 4.12%, banks and financial services (0.85%), transport (0.57%) and telecom (0.43%); while consumer goods gained 0.99%, industrials (0.84%) and insurance (0.69%).
More than 51% of the traded constituents were in the red with major losers being Ezdan, Milaha, Gulf International Services, Qatar Electricity and Water, QNB, Qatar Islamic Bank and Commercial Bank; even as Salam International Investment, Woqod, Widam Food, Qatar National Cement, Qatari Investors Group, Aamal Company, Mesaieed Petrochemical Holding and United Development Company were among the prime gainers.
Non-Qatari individuals’ net profit booking increased influentially to QR18.18mn against QR8.07mn on March 18.
Gulf institutions’ net selling strengthened noticeably to QR4.75mn compared to QR3.13mn the previous day.
Non-Qatari institutions’ net buying declined significantly to QR27.19mn against QR61.62mn on Monday.
However, domestic institutions’ net buying grew substantially to QR48.9mn compared to QR40.8mn on March 18.
The Gulf individuals turned net buyers to the tune of QR0.2mn against net sellers of QR0.16mn the previous day.
Local retail investors’ net profit booking eased considerably to QR53.4mn compared to QR91.02mn on Monday.
Total trade volume rose 50% to 13.54mn shares, value by 26% to QR405.77mn and transactions by 15% to 6,704.
The transport sector’s trade volume more than tripled to 0.99mn equities and value also more than doubled to QR37.24mn but on a 14% fall in deals to 207.
The industrials sector reported a 98% surge in trade volume to 3.63mn stocks, 56% in value to QR84.12mn and 53% in transactions to 2,555.
The banks and financial services sector’s trade volume soared 84% to 4.33mn shares, while value declined 1% to QR148.6mn and deals by 11% to 1,189.
The consumer goods sector reported a 40% expansion in trade volume to 0.49mn equities, 75% in value to QR59.26mn and 28% in transactions to 500.
The telecom sector’s trade volume shot up 23% to 0.43mn stocks, value by 97% to QR12.61mn and deals by 19% to 396.
There was a 4% gain in the real estate sector’s trade volume to 3.5mn shares, 15% in value to QR58.61mn and 4% in transactions to 1,689.
However, the insurance sector’s trade volume tanked 65% to 0.17mn equities, value by 68% to QR5.33mn and deals by 15% to 168.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Local retail investors continued to be net sellers but with lesser intensity in the market, whose sensitive index is down 3.32% year-to-date.
Market capitalisation eroded more than QR3bn, or 0.56%, to QR561.05bn mainly owing to mid and small cap segments.
Islamic equities were however seen gaining vis-à-vis declines in the main index and other indices in the market, where foreign funds’ buying interests considerably weakened.
Trade turnover and volumes were on the increase in the bourse, where the banking, industrials and realty sectors together accounted for about 85% of the total volume.
The Total Return Index was down 0.04% to 18,104.27 points and the All Share Index by 0.77% to 3,024.37 points, while the Al Rayan Islamic Index (Price) grew 0.65% to 2,355.85 points.
The real estate index plummeted 4.12%, banks and financial services (0.85%), transport (0.57%) and telecom (0.43%); while consumer goods gained 0.99%, industrials (0.84%) and insurance (0.69%).
More than 51% of the traded constituents were in the red with major losers being Ezdan, Milaha, Gulf International Services, Qatar Electricity and Water, QNB, Qatar Islamic Bank and Commercial Bank; even as Salam International Investment, Woqod, Widam Food, Qatar National Cement, Qatari Investors Group, Aamal Company, Mesaieed Petrochemical Holding and United Development Company were among the prime gainers.
Non-Qatari individuals’ net profit booking increased influentially to QR18.18mn against QR8.07mn on March 18.
Gulf institutions’ net selling strengthened noticeably to QR4.75mn compared to QR3.13mn the previous day.
Non-Qatari institutions’ net buying declined significantly to QR27.19mn against QR61.62mn on Monday.
However, domestic institutions’ net buying grew substantially to QR48.9mn compared to QR40.8mn on March 18.
The Gulf individuals turned net buyers to the tune of QR0.2mn against net sellers of QR0.16mn the previous day.
Local retail investors’ net profit booking eased considerably to QR53.4mn compared to QR91.02mn on Monday.
Total trade volume rose 50% to 13.54mn shares, value by 26% to QR405.77mn and transactions by 15% to 6,704.
The transport sector’s trade volume more than tripled to 0.99mn equities and value also more than doubled to QR37.24mn but on a 14% fall in deals to 207.
The industrials sector reported a 98% surge in trade volume to 3.63mn stocks, 56% in value to QR84.12mn and 53% in transactions to 2,555.
The banks and financial services sector’s trade volume soared 84% to 4.33mn shares, while value declined 1% to QR148.6mn and deals by 11% to 1,189.
The consumer goods sector reported a 40% expansion in trade volume to 0.49mn equities, 75% in value to QR59.26mn and 28% in transactions to 500.
The telecom sector’s trade volume shot up 23% to 0.43mn stocks, value by 97% to QR12.61mn and deals by 19% to 396.
There was a 4% gain in the real estate sector’s trade volume to 3.5mn shares, 15% in value to QR58.61mn and 4% in transactions to 1,689.
However, the insurance sector’s trade volume tanked 65% to 0.17mn equities, value by 68% to QR5.33mn and deals by 15% to 168.
In the debt market, there was no trading of treasury bills and sovereign bonds.
