The Qatar Stock Exchange weakened marginally Wednesday, but remained above 10,000 points, on the back of selling, especially within transport, consumer goods and real estate sectors, a day after it made huge gains.
Foreign funds were seen bearish as the 20-stock Qatar Index settled a mere 0.04% lower at 10,025.47 points.
Both Gulf institutions and non-Qatari individuals were also net sellers on the market, whose key benchmark closed 2.66% lower year-to-date.
Market capitalisation was down 0.12% to QR551.09bn mainly owing to microcap segments.
Islamic equities were seen declining faster than the main index on the market, where domestic funds were increasingly bullish and there was lower selling pressure from local retail investors.
Trade turnover and volumes were on the decline on the bourse, where banking, realty and industrials sectors together accounted for about 72% of the total volume.
The Total Return Index was down 0.04% to 18,447.72 points, Al Rayan Islamic Index (Price) by 0.17% to 2,268.37 points and All Share Index by 0.07% to 2,943.3 points.
The transport index shrank 0.46%, consumer goods (0.43%), real estate (0.42%) and industrials (0.17%); whereas insurance gained 1.78%, telecom (0.03%) and banks and financial services (0.01%).
Major decliners included Milaha, United Development Company, Qatari Investors Group, Woqod, QNB, Commercial Bank, Ahlibank Qatar and Al Khaliji; while Qatar Oman Investment, Doha Bank, Qatar First Bank, Qatar National Cement, Qatar Insurance, Nakilat and Gulf Warehousing were among the gainers.
Non-Qatari institutions turned net sellers to the tune of QR15.92mn against net buyers of QR29.84mn on Tuesday.
The Gulf funds were also net sellers to the extent of QR0.37mn compared with net buyers of QR1.44mn on August 27.
Non-Qataris were net profit takers to the tune of QR0.08mn against net buyers of QR1.77mn the previous day.
However, domestic institutions’ net buying increased influentially to QR49.99mn compared to QR47.22mn on Tuesday.
Local retail investors’ net selling weakened considerably to QR19.5mn against QR45.58mn on August 27.
The Gulf individual investors’ net profit booking fell significantly to QR9.08mn compared to QR34.76mn the previous day.
Total trade volume fell 47% to 66.39mn shares, value by 69% to QR203.57mn and transactions by 46% to 5,894.
The insurance sector’s trade volume plummeted 66% to 0.63mn equities, value by 66% to QR1.83mn and deals by 39% to 99.
The banks and financial services sector saw 64% plunge in trade volume to 20.06mn stocks, 80% in value to QR75.34mn and 42% in transactions to 2,005.
The telecom sector’s trade volume tanked 64% to 2.34mn shares, value by 68% to QR9.6mn and deals by 64% to 401.
The industrials sector reported 59% shrinkage in trade volume to 11.74mn equities, 67% in value to QR38.08mn and 30% in transactions to 1,469.
The real estate sector’s trade volume shrank 37% to 15.91mn stocks, value by 56% to QR15.27mn and deals by 67% to 954.
However, there was 80% surge in the consumer goods sector’s trade volume to 9.63mn shares but on 46% decline in value to QR49.37mn and 21% in transactions to 726.
The transport sector’s trade volume soared 70% to 6.08mn equities and value by 25% to QR14.08mn, while deals contracted 30% to 240.
In the debt market, there was no trading of treasury bills and sovereign bonds.
Both Gulf institutions and non-Qatari individuals were also net sellers on the market, whose key benchmark closed 2.66% lower year-to-date.
Market capitalisation was down 0.12% to QR551.09bn mainly owing to microcap segments.
Islamic equities were seen declining faster than the main index on the market, where domestic funds were increasingly bullish and there was lower selling pressure from local retail investors.
Trade turnover and volumes were on the decline on the bourse, where banking, realty and industrials sectors together accounted for about 72% of the total volume.
The Total Return Index was down 0.04% to 18,447.72 points, Al Rayan Islamic Index (Price) by 0.17% to 2,268.37 points and All Share Index by 0.07% to 2,943.3 points.
The transport index shrank 0.46%, consumer goods (0.43%), real estate (0.42%) and industrials (0.17%); whereas insurance gained 1.78%, telecom (0.03%) and banks and financial services (0.01%).
Major decliners included Milaha, United Development Company, Qatari Investors Group, Woqod, QNB, Commercial Bank, Ahlibank Qatar and Al Khaliji; while Qatar Oman Investment, Doha Bank, Qatar First Bank, Qatar National Cement, Qatar Insurance, Nakilat and Gulf Warehousing were among the gainers.
Non-Qatari institutions turned net sellers to the tune of QR15.92mn against net buyers of QR29.84mn on Tuesday.
The Gulf funds were also net sellers to the extent of QR0.37mn compared with net buyers of QR1.44mn on August 27.
Non-Qataris were net profit takers to the tune of QR0.08mn against net buyers of QR1.77mn the previous day.
However, domestic institutions’ net buying increased influentially to QR49.99mn compared to QR47.22mn on Tuesday.
Local retail investors’ net selling weakened considerably to QR19.5mn against QR45.58mn on August 27.
The Gulf individual investors’ net profit booking fell significantly to QR9.08mn compared to QR34.76mn the previous day.
Total trade volume fell 47% to 66.39mn shares, value by 69% to QR203.57mn and transactions by 46% to 5,894.
The insurance sector’s trade volume plummeted 66% to 0.63mn equities, value by 66% to QR1.83mn and deals by 39% to 99.
The banks and financial services sector saw 64% plunge in trade volume to 20.06mn stocks, 80% in value to QR75.34mn and 42% in transactions to 2,005.
The telecom sector’s trade volume tanked 64% to 2.34mn shares, value by 68% to QR9.6mn and deals by 64% to 401.
The industrials sector reported 59% shrinkage in trade volume to 11.74mn equities, 67% in value to QR38.08mn and 30% in transactions to 1,469.
The real estate sector’s trade volume shrank 37% to 15.91mn stocks, value by 56% to QR15.27mn and deals by 67% to 954.
However, there was 80% surge in the consumer goods sector’s trade volume to 9.63mn shares but on 46% decline in value to QR49.37mn and 21% in transactions to 726.
The transport sector’s trade volume soared 70% to 6.08mn equities and value by 25% to QR14.08mn, while deals contracted 30% to 240.
In the debt market, there was no trading of treasury bills and sovereign bonds.
