The Qatar Stock Exchange on Monday continued its bearish spell for the third straight session and its key index lost more than 75 points to settle below 10,500 levels.
The transport, banking, industrials and telecom counters witnessed higher than average selling pressure, leading to a 0.72% fall in the 20-stock Qatar Index to 10,442.87 points.
Gulf institutions were increasingly into profit booking and there was also weakened buying interests of foreign funds in the market, whose key benchmark closed 1.4% higher year-to-date.
Market capitalisation eroded more than QR5bn, or 0.88%, to QR573.98bn mainly owing to mid and small cap segments.
Islamic equities were seen declining faster than the other indices in the market, where local retail investors turned bullish.
Trade turnover and volumes were on the increase in the bourse, where the banking, industrials and realty sectors together accounted for about 65% of the total volume.
The Total Return Index fell 0.72% to 19,215.77 points, the All Share Index by 0.83% to 3,084.83 points and the Al Rayan Islamic Index (Price) by 0.56% to 2,382.86 points.
The transport index shrank 1.43%, banks and financial services (1%), industrials (0.84%), telecom (0.79%), consumer goods (0.67%) and realty (0.37%); while insurance gained 0.77%.
About 70% of the traded constituents were in the red with major losers being QNB, Commercial Bank, Doha Bank, Alijarah Holding, Al Meera, Qatari Investors Group, Qatar Electricity and Water, Gulf International Services, Mesaieed Petrochemical Holding, Ezdan, Vodafone Qatar, Ooredoo, Gulf Warehousing, Nakilat and Milaha; even as Medicare Group, United Development Company and Barwa were among the prime gainers.
Gulf institutions’ net selling increased significantly to QR25.72mn compared to QR6.68mn on July 7.
Gulf individuals were net sellers to the tune of QR1.42mn against net buyers of QR0.28mn on Sunday.
Non-Qatari individuals’ net profit booking grew marginally to QR0.71mn compared to QR0.25mn the previous day.
Non-Qatari institutions’ net buying decreased influentially to QR8.59mn against QR11.59mn on July 7.
However, local retail investors turned net buyers to the extent of QR19.35mn compared with net sellers of QR3.59mn on Sunday.
Domestic institutions’ net profit booking weakened noticeably to QR0.08mn against QR1.28mn the previous day.
Total trade volume grew 11% to 63.96mn shares, value by 37% to QR192.51mn and transactions by 11% to 5,160.
The transport sector’s trade volume almost quadrupled to 6.38mn equities and value more than tripled to QR14.29mn on a 22% increase in deals to 278.
There was a 51% surge in the consumer goods sector’s trade volume to 8.31mn stocks but on a 16% decline in value to QR22.96mn despite 17% higher transactions at 635.
The telecom sector’s trade volume soared 21% to 2.59mn shares, value by 19% to QR7.43mn and deals by 29% to 330.
The insurance sector reported a 21% growth in trade volume to 5.18mn equities, 22% in value to QR10.81mn and 2% in transactions to 265.
The banks and financial services sector’s trade volume expanded 19% to 20.99mn stocks, value by 93% to QR93.94mn and deals by 35% to 1,601.
However, the real estate sector saw a 31% plunge in trade volume to 10.07mn shares, value by 20% to QR10.89mn and transactions by less than 1% to 482.
The industrials sector’s trade volume shrank 10% to 10.44mn equities, while value was up 3% to QR32.18mn despite 8% lower deals at 1,569.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Gulf institutions were increasingly into profit booking and there was also weakened buying interests of foreign funds in the market, whose key benchmark closed 1.4% higher year-to-date.
Market capitalisation eroded more than QR5bn, or 0.88%, to QR573.98bn mainly owing to mid and small cap segments.
Islamic equities were seen declining faster than the other indices in the market, where local retail investors turned bullish.
Trade turnover and volumes were on the increase in the bourse, where the banking, industrials and realty sectors together accounted for about 65% of the total volume.
The Total Return Index fell 0.72% to 19,215.77 points, the All Share Index by 0.83% to 3,084.83 points and the Al Rayan Islamic Index (Price) by 0.56% to 2,382.86 points.
The transport index shrank 1.43%, banks and financial services (1%), industrials (0.84%), telecom (0.79%), consumer goods (0.67%) and realty (0.37%); while insurance gained 0.77%.
About 70% of the traded constituents were in the red with major losers being QNB, Commercial Bank, Doha Bank, Alijarah Holding, Al Meera, Qatari Investors Group, Qatar Electricity and Water, Gulf International Services, Mesaieed Petrochemical Holding, Ezdan, Vodafone Qatar, Ooredoo, Gulf Warehousing, Nakilat and Milaha; even as Medicare Group, United Development Company and Barwa were among the prime gainers.
Gulf institutions’ net selling increased significantly to QR25.72mn compared to QR6.68mn on July 7.
Gulf individuals were net sellers to the tune of QR1.42mn against net buyers of QR0.28mn on Sunday.
Non-Qatari individuals’ net profit booking grew marginally to QR0.71mn compared to QR0.25mn the previous day.
Non-Qatari institutions’ net buying decreased influentially to QR8.59mn against QR11.59mn on July 7.
However, local retail investors turned net buyers to the extent of QR19.35mn compared with net sellers of QR3.59mn on Sunday.
Domestic institutions’ net profit booking weakened noticeably to QR0.08mn against QR1.28mn the previous day.
Total trade volume grew 11% to 63.96mn shares, value by 37% to QR192.51mn and transactions by 11% to 5,160.
The transport sector’s trade volume almost quadrupled to 6.38mn equities and value more than tripled to QR14.29mn on a 22% increase in deals to 278.
There was a 51% surge in the consumer goods sector’s trade volume to 8.31mn stocks but on a 16% decline in value to QR22.96mn despite 17% higher transactions at 635.
The telecom sector’s trade volume soared 21% to 2.59mn shares, value by 19% to QR7.43mn and deals by 29% to 330.
The insurance sector reported a 21% growth in trade volume to 5.18mn equities, 22% in value to QR10.81mn and 2% in transactions to 265.
The banks and financial services sector’s trade volume expanded 19% to 20.99mn stocks, value by 93% to QR93.94mn and deals by 35% to 1,601.
However, the real estate sector saw a 31% plunge in trade volume to 10.07mn shares, value by 20% to QR10.89mn and transactions by less than 1% to 482.
The industrials sector’s trade volume shrank 10% to 10.44mn equities, while value was up 3% to QR32.18mn despite 8% lower deals at 1,569.
In the debt market, there was no trading of treasury bills and sovereign bonds.
