The Qatar Stock Exchange (QSE) on Wednesday witnessed stronger buying interests especially in real estate and transport counters; yet it settled 40 points lower.
Increased selling pressure from foreign funds and substantially weakened buying interests of local retail investors led the 20-stock Qatar Index decline 0.39% to 10,161.57 points.
The Gulf individuals were increasingly net profit takers in the market, whose sensitive index is down 1.33% year-to-date.
Market capitalisation eroded more than QR2bn or 0.4% to QR564.91bn mainly owing to mid and microcap segments.
Islamic equities were seen declining faster than the main index in the market, where non-Qatari individuals and Gulf funds were increasingly net buyers.
Trade turnover declined amidst higher volumes in the bourse, where banking, industrials and realty sectors together accounted for more than 73% of the total volume.
The Total Return Index shed 0.39% to 18,698.16 points, Al Rayan Islamic Index (Price) by 0.4% to 2,389.23 points and All Share Index by 0.19% to 3,065.64 points.
The telecom index declined 0.98%, industrials (0.86%), banks and financial services (0.47%) and consumer goods (0.21%); whereas real estate grew 1.58%, transport (1.21%) and insurance (0.07%).
About 64% of the traded constituents were in the red with major losers being Vodafone Qatar, QNB, Qatar National Cement, Qatari Investors Group, Qatar Electricity and Water, Salam International Investment, QIIB, Commercial bank, Dlala and Islamic Holding Group; even as Gulf Warehousing, Gulf International Services, Ezdan, Nakilat, Qatari German Company for Medical Devices and Qatar Islamic Bank were among the prime gainers.
Non-Qatari institutions’ net profit booking grew influentially to QR7.05mn compared to QR1.62mn on Tuesday.
The Gulf individuals were net sellers to the tune of QR1.62mn against net buyers of QR0.58mn on April 2.
Domestic institutions’ net buying declined considerably to QR3.13mn compared to QR21.97mn the previous day.
However, non-Qatari individuals’ net buying increased noticeably to QR4.01mn against QR0.16mn on Tuesday.
The Gulf institutions’ net buying also grew perceptibly to QR3.08mn compared to QR1.03mn on April 2.
Local retail investors’ net profit booking fell significantly to QR1.62mn against QR22.12mn the previous day.
Total trade volume was up 1% to 10.83mn shares, while value declined 8% to QR244.72mn and transactions by 2% to 5,555.
The telecom sector’s trade volume almost tripled to 0.83mn equities and value soared 81% to QR15.75mn and deals by 53% to 597.
The transport sector reported 78% surge in trade volume to 1.42mn stocks, 34% in value to QR35.95mn and 69% in transactions to 574.
The insurance sector’s trade volume shot up 68% to 0.52mn shares, value by 52% to QR13.96mn and deals by 42% to 339.
The banks and financial services sector saw 8% jump in trade volume to 2.87mn equities and 25% in value to QR84.14mn but on 19% decline in transactions to 1,171.
The industrials sector’s trade volume was up 1% to 2.65mn stocks, while value fell less than 1% to QR53.5mn and deals by 7% to 1,582.
However, there was 64% plunge in the consumer goods sector’s trade volume to 0.15mn shares, 78% in value to QR11.67mn and 51% in transactions to 175.
The realty sector’s trade volume plummeted 33% to 2.4mn equities, value by 35% to QR29.75mn and deals by 9% to 1,117.
In the debt market, there was no trading of treasury bills and sovereign bonds.
The Gulf individuals were increasingly net profit takers in the market, whose sensitive index is down 1.33% year-to-date.
Market capitalisation eroded more than QR2bn or 0.4% to QR564.91bn mainly owing to mid and microcap segments.
Islamic equities were seen declining faster than the main index in the market, where non-Qatari individuals and Gulf funds were increasingly net buyers.
Trade turnover declined amidst higher volumes in the bourse, where banking, industrials and realty sectors together accounted for more than 73% of the total volume.
The Total Return Index shed 0.39% to 18,698.16 points, Al Rayan Islamic Index (Price) by 0.4% to 2,389.23 points and All Share Index by 0.19% to 3,065.64 points.
The telecom index declined 0.98%, industrials (0.86%), banks and financial services (0.47%) and consumer goods (0.21%); whereas real estate grew 1.58%, transport (1.21%) and insurance (0.07%).
About 64% of the traded constituents were in the red with major losers being Vodafone Qatar, QNB, Qatar National Cement, Qatari Investors Group, Qatar Electricity and Water, Salam International Investment, QIIB, Commercial bank, Dlala and Islamic Holding Group; even as Gulf Warehousing, Gulf International Services, Ezdan, Nakilat, Qatari German Company for Medical Devices and Qatar Islamic Bank were among the prime gainers.
Non-Qatari institutions’ net profit booking grew influentially to QR7.05mn compared to QR1.62mn on Tuesday.
The Gulf individuals were net sellers to the tune of QR1.62mn against net buyers of QR0.58mn on April 2.
Domestic institutions’ net buying declined considerably to QR3.13mn compared to QR21.97mn the previous day.
However, non-Qatari individuals’ net buying increased noticeably to QR4.01mn against QR0.16mn on Tuesday.
The Gulf institutions’ net buying also grew perceptibly to QR3.08mn compared to QR1.03mn on April 2.
Local retail investors’ net profit booking fell significantly to QR1.62mn against QR22.12mn the previous day.
Total trade volume was up 1% to 10.83mn shares, while value declined 8% to QR244.72mn and transactions by 2% to 5,555.
The telecom sector’s trade volume almost tripled to 0.83mn equities and value soared 81% to QR15.75mn and deals by 53% to 597.
The transport sector reported 78% surge in trade volume to 1.42mn stocks, 34% in value to QR35.95mn and 69% in transactions to 574.
The insurance sector’s trade volume shot up 68% to 0.52mn shares, value by 52% to QR13.96mn and deals by 42% to 339.
The banks and financial services sector saw 8% jump in trade volume to 2.87mn equities and 25% in value to QR84.14mn but on 19% decline in transactions to 1,171.
The industrials sector’s trade volume was up 1% to 2.65mn stocks, while value fell less than 1% to QR53.5mn and deals by 7% to 1,582.
However, there was 64% plunge in the consumer goods sector’s trade volume to 0.15mn shares, 78% in value to QR11.67mn and 51% in transactions to 175.
The realty sector’s trade volume plummeted 33% to 2.4mn equities, value by 35% to QR29.75mn and deals by 9% to 1,117.
In the debt market, there was no trading of treasury bills and sovereign bonds.
