Foreign institutions’ bearish grip on Sunday handed about 67-points losses to the Qatar Stock Exchange, whose key index retreated below 10,400 levels.
The insurance, consumer goods, banks and telecom counters witnessed higher than average selling, leading to a 0.64% decline in the 20-stock Qatar Index to 10,394.9 points.
However, local, Gulf and non-Qatari retail investors turned bullish in the market, whose key benchmark settled 0.93% higher year-to-date.
Market capitalisation saw about QR4bn, or 0.65%, erosion to QR574.87bn mainly owing to large and midcap segments.
Islamic equities were seen declining slower than the other indices in the market, where domestic funds continued to be net sellers but with lesser intensity.
Trade turnover and volumes were on the decline in the bourse, where the banking, realty and industrials sectors together accounted for more than 84% of the total volume.
The Total Return Index fell 0.64% to 19,127.49 points, the Al Rayan Islamic Index (Price) by 0.34% to 2,341.79 points and the All Share Index by 0.56% to 3,064.43 points.
The insurance index tanked 1.89%, consumer goods (0.89%), banks and financial services (0.89%), telecom (0.69%), industrials (0.19%) and transport (0.15%), while real estate gained 0.83%.
About 60% of the traded constituents extended losses with major shakers being Qatar Insurance, Widam Food, QNB, Doha Bank, Commercial Bank, Qatar First Bank, Qatari German Company for Medical Devices, Qatar Electricity and Water, Vodafone Qatar, Ooredoo and Gulf Warehousing; even as Alijarah Holding, Dlala, Qatar Industrial Manufacturing, Gulf International Services, Doha Insurance, Industries Qatar and Ezdan were among the gainers.
Non-Qatari funds turned net sellers to the tune of QR6.36mn compared with net buyers of QR32.22mn on September 12.
However, local retail investors were net buyers to the extent of QR4.79mn against net sellers of QR23.38mn last Thursday.
Non-Qatari individuals’ net buying grew considerably to QR2.85mn compared to QR1.23mn the previous trading day.
Gulf institutions turned net buyers to the tune of QR2.65mn against net sellers of QR3.55mn on September 12.
Gulf individuals were also net buyers to the extent of QR0.53mn compared with net sellers QR0.25mn last Thursday.
Domestic funds’ net profit booking weakened noticeably to QR4.47mn against QR6.29mn the previous trading day.
Total trade volume fell 41% to 75.46mn shares, value by 36% to QR161.81mn and transactions by 62% to 2,982.
There was a a 55% plunge in the telecom sector’s trade volume to 3.25mn equities, 70% in value to QR7.55mn and 77% in deals to 214.
The insurance sector’s trade volume plummeted 54% to 0.52mn stocks, value by 75% to QR1.15mn and transactions by 52% to 69.
The industrials sector reported a 50% shrinkage in trade volume to 13.39mn shares, 3% in value to QR38.11mn and 52% in deals to 932.
The banks and financial services sector’s trade volume tanked 47% to 25.08mn equities, value by 56% to QR51.92mn and transactions by 50% to 927.
The real estate sector saw a 38% contraction in trade volume to 25.07mn stocks, 13% in value to QR29.56mn and 76% in deals to 539.
However, the transport sector’s trade volume soared 81% to 6.33mn shares and value by 23% to QR15.57mn, whereas transactions shrank 59% to 117.
The market witnessed a 4% jump in the consumer goods sector’s trade volume to 1.83mn equities and 5% in value to QR17.96mn but on a 64% slippage in deals to 184.
In the debt market, there was no trading of treasury bills and sovereign bonds.