The Qatar Stock Exchange on Sunday opened the week weak, mainly dragged by transport and telecom counters.
More than 63% of the traded stocks were in the red as the 20-stock Qatar Index shed 0.38% to 10,107.42 points.
Domestic funds were increasingly bearish on the market, whose sensitive index is down 1.86% year-to-date.
Market capitalisation was up QR17mn or 0.03% to QR567.8bn mainly owing to micro and small cap segments.
Islamic equities were seen declining faster than the main index on the market, where foreign funds’ net buying considerably eased.
Trade turnover declined amidst higher volumes on the bourse, where banking, industrials and realty sectors together accounted for more than 86% of the total volume.
The Total Return Index shrank 0.38% to 18,592.66 points and Al Rayan Islamic Index (Price) by 0.77% to 2,372.9 points, while All Share Index rose 0.18% to 3,076.81 points.
The transport index fell 0.9%, telecom (0.82%), industrials (0.29%) and banks and financial services (0.17%); whereas insurance gained 2.18%, real estate (1.84%) and consumer goods (1.2%).
Major decliners included Ooredoo, Gulf Warehousing, Milaha, Barwa, Industries Qatar, Medicare Group, Ahlibank, QIIB and Masraf Al Rayan; while Commercial Bank, Doha Bank, Qatar General and Reinsurance, Al Khaleej Takaful, Qatar Islamic Insurance, Qatar National Cement, Gulf International Services, Qatar First Bank, Dlala and Islamic Holding Group were among the prime gainers.
Domestic funds’ net profit booking grew substantially to QR17.38mn compared to QR0.86mn on March 28.
The Gulf individuals’ net selling increased marginally to QR0.68mn against QR0.49mn last the previous trading day.
Non-Qatari institutions’ net buying declined considerably to QR10.63mn compared to QR65.31mn last Thursday.
However, local retail investors turned net buyers to the tune of QR8.1mn against net sellers of QR57.49mn on March 28.
Non-Qatari individuals were also net buyers to the extent of QR2.1mn compared with net sellers of QR0.49mn the previous trading day.
The Gulf institutions’ net profit booking weakened noticeably to QR2.81mn against QR5.59mn last Thursday.
Total trade volume rose 10% to 18.53mn shares, while value fell 14% to QR355.42mn and transactions by 17% to 6,527.
The banks and financial services sector saw 68% surge in trade volume to 7.59mn equities but on 39% decline in value to QR116.36mn and 2% in deals to 1,826.
The consumer goods sector’s trade volume soared 59% to 0.62mn stocks and value by 45% to QR39.6mn, while transactions shrank 27% to 341.
The industrials sector reported 59% expansion in trade volume to 4.45mn shares, 59% in value to QR97.99mn and 12% in deals to 2,156.
There was 7% growth in the telecom sector’s trade volume to 1.03mn equities but on 43% fall in value to QR14.6mn and 41% in transactions to 390.
However, the insurance sector’s trade volume plummeted 56% to 0.47mn stocks, value by 33% to QR15.94mn and deals by 38% to 267.
The market witnessed 40% plunge in the realty sector’s trade volume to 3.95mn shares, 26% in value to QR52.85mn and 35% in transactions to 1,402.
The transport sector’s trade volume tanked 25% to 0.43mn equities, while value grow 45% to QR18.09mn on more than doubled deals to 745.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Domestic funds were increasingly bearish on the market, whose sensitive index is down 1.86% year-to-date.
Market capitalisation was up QR17mn or 0.03% to QR567.8bn mainly owing to micro and small cap segments.
Islamic equities were seen declining faster than the main index on the market, where foreign funds’ net buying considerably eased.
Trade turnover declined amidst higher volumes on the bourse, where banking, industrials and realty sectors together accounted for more than 86% of the total volume.
The Total Return Index shrank 0.38% to 18,592.66 points and Al Rayan Islamic Index (Price) by 0.77% to 2,372.9 points, while All Share Index rose 0.18% to 3,076.81 points.
The transport index fell 0.9%, telecom (0.82%), industrials (0.29%) and banks and financial services (0.17%); whereas insurance gained 2.18%, real estate (1.84%) and consumer goods (1.2%).
Major decliners included Ooredoo, Gulf Warehousing, Milaha, Barwa, Industries Qatar, Medicare Group, Ahlibank, QIIB and Masraf Al Rayan; while Commercial Bank, Doha Bank, Qatar General and Reinsurance, Al Khaleej Takaful, Qatar Islamic Insurance, Qatar National Cement, Gulf International Services, Qatar First Bank, Dlala and Islamic Holding Group were among the prime gainers.
Domestic funds’ net profit booking grew substantially to QR17.38mn compared to QR0.86mn on March 28.
The Gulf individuals’ net selling increased marginally to QR0.68mn against QR0.49mn last the previous trading day.
Non-Qatari institutions’ net buying declined considerably to QR10.63mn compared to QR65.31mn last Thursday.
However, local retail investors turned net buyers to the tune of QR8.1mn against net sellers of QR57.49mn on March 28.
Non-Qatari individuals were also net buyers to the extent of QR2.1mn compared with net sellers of QR0.49mn the previous trading day.
The Gulf institutions’ net profit booking weakened noticeably to QR2.81mn against QR5.59mn last Thursday.
Total trade volume rose 10% to 18.53mn shares, while value fell 14% to QR355.42mn and transactions by 17% to 6,527.
The banks and financial services sector saw 68% surge in trade volume to 7.59mn equities but on 39% decline in value to QR116.36mn and 2% in deals to 1,826.
The consumer goods sector’s trade volume soared 59% to 0.62mn stocks and value by 45% to QR39.6mn, while transactions shrank 27% to 341.
The industrials sector reported 59% expansion in trade volume to 4.45mn shares, 59% in value to QR97.99mn and 12% in deals to 2,156.
There was 7% growth in the telecom sector’s trade volume to 1.03mn equities but on 43% fall in value to QR14.6mn and 41% in transactions to 390.
However, the insurance sector’s trade volume plummeted 56% to 0.47mn stocks, value by 33% to QR15.94mn and deals by 38% to 267.
The market witnessed 40% plunge in the realty sector’s trade volume to 3.95mn shares, 26% in value to QR52.85mn and 35% in transactions to 1,402.
The transport sector’s trade volume tanked 25% to 0.43mn equities, while value grow 45% to QR18.09mn on more than doubled deals to 745.
In the debt market, there was no trading of treasury bills and sovereign bonds.
