The Qatar Stock Exchange extended its bearish run to the third straight session to fall below the 10,500 level despite the stock-split boost from the banking, consumer goods and industrials sectors, which account for 67% of the total listed entities.
Non-Qatari individuals turned bearish and there was increased net selling by Gulf funds as the 20-stock Qatar Index settled 0.52% lower at 10,450.59 points.
Weakened buying interests of foreign institutions also had its role in dampening the market, whose key benchmark, however, closed 1.47% higher year-to-date.
Market capitalisation declined more than QR3bn, or 0.53%, to QR576.39bn mainly owing to small and microcap segments.
Islamic equities were seen declining slower than the other indices in the market, where the local retail investors turned bullish.
Trade turnover and volume were on the increase in the bourse, where the consumer goods and banking sectors together accounted for more than 83% of the total volume.
The Total Return Index fell 0.52% to 19,229.97 points, the Al Rayan Islamic Index (Price) by 0.48% to 2,383.94 points and the All Share Index by 0.53% to 3,091.51 points.
The telecom index tanked 1.37%, industrials (1.04%), realty (0.7%), banks and financial services (0.41%) and transport (0.21%);p whereas insurance and consumer goods gained 0.42% and 0.15% respectively.
Major losers included Ooredoo, Industries Qatar, Gulf International Services, Qatari Investors Group, Ezdan, Qatar Islamic Bank, Commercial Bank, Qatar Oman Investment and Gulf Warehousing; even as Doha Bank, Ahlibank Qatar, Qatari German Company for Medical Devices, Qatar National Cement and Al Khaleej Takaful were among the prime gainers.
Gulf institutions’ net profit booking increased influentially to QR3.72mn against QR0.62mn the previous day.
Non-Qatari individuals were net sellers to the tune of QR0.86mn compared with net buyers of QR6.47mn on June 24.
Non-Qatari institutions’ net buying declined noticeably to QR14.56mn against QR19.1mn on Monday.
Gulf individual investors’ net buying also fell marginally to QR0.24mn compared to QR0.31mn the previous day.
However, local retail investors turned net buyers to the extent of QR6.56mn against net sellers of QR1.61mn on June 24.
Domestic institutions’ net profit booking weakened perceptibly to QR16.78mn compared to QR23.63mn on Monday.
Total trade volume grew 54% to 67.97mn shares, value by 11% to QR244.67mn and transactions by 9% to 5,590.
The telecom sector’s trade volume tripled to 0.45mn equities and value almost tripled to QR12.1mn on more-than-tripled deals to 421.
The consumer goods sector’s trade volume almost tripled to 30.41mn stocks and value more than doubled to QR46.48mn, while transactions soared 49% to 938.
The insurance sector reported a 17% surge in trade volume to 0.4mn shares, 44% in value to QR9.19mn and 4% in deals to 198.
The banks and financial services sector’s trade volume shot up 18% to 26.13mn equities, value by 61% to QR110.72mn and transactions by 29% to 1,584.
The industrials sector saw a 17% expansion in trade volume to 8.76mn stocks but on a 31% decline in value to QR41.48mn despite 7% higher deals at 1,862.
However, the transport sector’s trade volume plummeted 48% to 0.67mn shares, value by 53% to QR18.68mn and transactions by 46% to 303.
There was a 47% plunge in the real estate sector’s trade volume to 1.15mn equities, 40% in value to QR12.1mn and 35% in deals to 421.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Weakened buying interests of foreign institutions also had its role in dampening the market, whose key benchmark, however, closed 1.47% higher year-to-date.
Market capitalisation declined more than QR3bn, or 0.53%, to QR576.39bn mainly owing to small and microcap segments.
Islamic equities were seen declining slower than the other indices in the market, where the local retail investors turned bullish.
Trade turnover and volume were on the increase in the bourse, where the consumer goods and banking sectors together accounted for more than 83% of the total volume.
The Total Return Index fell 0.52% to 19,229.97 points, the Al Rayan Islamic Index (Price) by 0.48% to 2,383.94 points and the All Share Index by 0.53% to 3,091.51 points.
The telecom index tanked 1.37%, industrials (1.04%), realty (0.7%), banks and financial services (0.41%) and transport (0.21%);p whereas insurance and consumer goods gained 0.42% and 0.15% respectively.
Major losers included Ooredoo, Industries Qatar, Gulf International Services, Qatari Investors Group, Ezdan, Qatar Islamic Bank, Commercial Bank, Qatar Oman Investment and Gulf Warehousing; even as Doha Bank, Ahlibank Qatar, Qatari German Company for Medical Devices, Qatar National Cement and Al Khaleej Takaful were among the prime gainers.
Gulf institutions’ net profit booking increased influentially to QR3.72mn against QR0.62mn the previous day.
Non-Qatari individuals were net sellers to the tune of QR0.86mn compared with net buyers of QR6.47mn on June 24.
Non-Qatari institutions’ net buying declined noticeably to QR14.56mn against QR19.1mn on Monday.
Gulf individual investors’ net buying also fell marginally to QR0.24mn compared to QR0.31mn the previous day.
However, local retail investors turned net buyers to the extent of QR6.56mn against net sellers of QR1.61mn on June 24.
Domestic institutions’ net profit booking weakened perceptibly to QR16.78mn compared to QR23.63mn on Monday.
Total trade volume grew 54% to 67.97mn shares, value by 11% to QR244.67mn and transactions by 9% to 5,590.
The telecom sector’s trade volume tripled to 0.45mn equities and value almost tripled to QR12.1mn on more-than-tripled deals to 421.
The consumer goods sector’s trade volume almost tripled to 30.41mn stocks and value more than doubled to QR46.48mn, while transactions soared 49% to 938.
The insurance sector reported a 17% surge in trade volume to 0.4mn shares, 44% in value to QR9.19mn and 4% in deals to 198.
The banks and financial services sector’s trade volume shot up 18% to 26.13mn equities, value by 61% to QR110.72mn and transactions by 29% to 1,584.
The industrials sector saw a 17% expansion in trade volume to 8.76mn stocks but on a 31% decline in value to QR41.48mn despite 7% higher deals at 1,862.
However, the transport sector’s trade volume plummeted 48% to 0.67mn shares, value by 53% to QR18.68mn and transactions by 46% to 303.
There was a 47% plunge in the real estate sector’s trade volume to 1.15mn equities, 40% in value to QR12.1mn and 35% in deals to 421.
In the debt market, there was no trading of treasury bills and sovereign bonds.
