Qatar Stock Exchange continued to remain under selling pressure for the third straight session Monday, mainly owing to domestic and Gulf institutions’ bearish outlook.
Transport, insurance and consumer goods counters witnessed higher than average selling pressure as the 20-stock Qatar Index settled 0.45% lower at 10,359.74 points.
The Gulf individuals were also increasingly net profit takers in the market, whose sensitive index is up 0.59% year-to-date.
Market capitalisation shrank about QR2bn or 0.3% to QR582.99bn mainly owing to small and midcap segments.
Islamic equities were seen declining faster than the main index in the market, where local and Gulf retail investors continued to be net sellers but with lesser vigour.
Trade turnover and volumes were on the increase in the bourse, where industrials and banking sectors together accounted for more than 82% of the total volume.
The Total Return Index shed 0.45% to 19,062.81 points, All Share Index by 0.3% to 3,164.05 points and Al Rayan Islamic Index (Price) by 0.58% to 2,348.14 points.
The transport index declined 1.03%, insurance (0.88%), consumer goods (0.58%), telecom (0.33%), banks and financial services (0.24%) and industrials (0.2%); while realty was flat.
As much as 60% of the traded constituents were in the red with major losers being Nakilat, Qatar Insurance, United Development Company, Qatar Islamic Bank, QIIB, al khaliji, Qatar First Bank and Salam International Investment; even as Gulf International Services, Mazaya Qatar, Al Khaleej Takaful and QNB were among the prime gainers.
Domestic institutions turned net sellers to the tune of QR29.78mn against net buyers of QR3.51mn the previous day.
The Gulf institutions were also net sellers to the extent of QR4.75mn compared with net buyers of QR7.96mn on April 28.
Non-Qatari individuals’ net profit booking increased noticeably to QR2.44mn against QR2.83mn on Sunday.
However, non-Qatari institutions’ net buying grew considerably to QR44.5mn compared to QR7.87mn the previous day.
Local retail investors’ net selling weakened significantly to QR6.94mn against QR14.74mn on April 28.
The Gulf individuals’ net profit booking fell perceptibly to QR0.62mn compared to QR2.66mn on Sunday.
Total trade volume more than doubled to 14.99mn shares and value also more than doubled to QR271.18mn on 55% growth in transactions to 5,667.
The insurance sector’s trade volume almost quadrupled to 0.39mn equities and value more than quadrupled to QR8.56mn on more than tripled deals to 252.
The industrials sector’s trade volume more than tripled to 8.78mn stocks and value more than doubled to QR97.57mn on 61% increase in transactions to 2,692.
The telecom sector’s trade volume almost doubled to 0.51mn shares, value soared 52% to QR8.53mn and deals by 33% to 313.
The consumer goods sector’s trade volume soared 76% to 0.3mn equities and value grew almost seven-fold to QR31.35mn on more than doubled transactions to 311.
The banks and financial services sector saw 53% surge in trade volume to 3.52mn stocks, 63% in value to QR99.46mn and 27% in deals to 1,200.
The transport sector’s trade volume shot up 50% to 0.54mn shares, value by 54% to QR12.68mn and transactions by 12% to 182.
There was 30% expansion in the realty sector’s trade volume to 0.95mn equities, 44% in value to QR13.05mn and 80% in deals to 717.
In the debt market, there was no trading of treasury bills and sovereign bonds.
The Gulf individuals were also increasingly net profit takers in the market, whose sensitive index is up 0.59% year-to-date.
Market capitalisation shrank about QR2bn or 0.3% to QR582.99bn mainly owing to small and midcap segments.
Islamic equities were seen declining faster than the main index in the market, where local and Gulf retail investors continued to be net sellers but with lesser vigour.
Trade turnover and volumes were on the increase in the bourse, where industrials and banking sectors together accounted for more than 82% of the total volume.
The Total Return Index shed 0.45% to 19,062.81 points, All Share Index by 0.3% to 3,164.05 points and Al Rayan Islamic Index (Price) by 0.58% to 2,348.14 points.
The transport index declined 1.03%, insurance (0.88%), consumer goods (0.58%), telecom (0.33%), banks and financial services (0.24%) and industrials (0.2%); while realty was flat.
As much as 60% of the traded constituents were in the red with major losers being Nakilat, Qatar Insurance, United Development Company, Qatar Islamic Bank, QIIB, al khaliji, Qatar First Bank and Salam International Investment; even as Gulf International Services, Mazaya Qatar, Al Khaleej Takaful and QNB were among the prime gainers.
Domestic institutions turned net sellers to the tune of QR29.78mn against net buyers of QR3.51mn the previous day.
The Gulf institutions were also net sellers to the extent of QR4.75mn compared with net buyers of QR7.96mn on April 28.
Non-Qatari individuals’ net profit booking increased noticeably to QR2.44mn against QR2.83mn on Sunday.
However, non-Qatari institutions’ net buying grew considerably to QR44.5mn compared to QR7.87mn the previous day.
Local retail investors’ net selling weakened significantly to QR6.94mn against QR14.74mn on April 28.
The Gulf individuals’ net profit booking fell perceptibly to QR0.62mn compared to QR2.66mn on Sunday.
Total trade volume more than doubled to 14.99mn shares and value also more than doubled to QR271.18mn on 55% growth in transactions to 5,667.
The insurance sector’s trade volume almost quadrupled to 0.39mn equities and value more than quadrupled to QR8.56mn on more than tripled deals to 252.
The industrials sector’s trade volume more than tripled to 8.78mn stocks and value more than doubled to QR97.57mn on 61% increase in transactions to 2,692.
The telecom sector’s trade volume almost doubled to 0.51mn shares, value soared 52% to QR8.53mn and deals by 33% to 313.
The consumer goods sector’s trade volume soared 76% to 0.3mn equities and value grew almost seven-fold to QR31.35mn on more than doubled transactions to 311.
The banks and financial services sector saw 53% surge in trade volume to 3.52mn stocks, 63% in value to QR99.46mn and 27% in deals to 1,200.
The transport sector’s trade volume shot up 50% to 0.54mn shares, value by 54% to QR12.68mn and transactions by 12% to 182.
There was 30% expansion in the realty sector’s trade volume to 0.95mn equities, 44% in value to QR13.05mn and 80% in deals to 717.
In the debt market, there was no trading of treasury bills and sovereign bonds.
