Insurance, industrials and telecom sectors on Sunday dragged the Qatar Stock Exchange, which, however, remained above 10,400 levels.
Domestic funds’ buying interests substantially weakened as the 20-stock Qatar Index settled 0.15% lower for the second straight session at 10,412.49 points.
The Gulf individuals were increasingly net profit takers on the market, whose key benchmark is up 1.1% year-to-date.
Market capitalisation saw more than QR1bn or 0.27% decline to QR575.41bn mainly owing to microcap segments.
Islamic equities were seen declining slower than the other indices on the market, where foreign funds turned bullish.
Trade turnover and volumes were on the decline on the bourse, where real estate, industrials and banking sectors together accounted for more than 81% of the total volume.
The Total Return Index was down 0.15% to 19,159.86 points, All Share Index by 0.25% to 3,069.03 points and Al Rayan Islamic Index (Price) by 0.13% to 2,341.3 points.
The insurance index declined 0.88%, industrials (0.69%), telecom (0.5%), banks and financial services (0.17%) and transport (0.07%); while real estate gained 0.74% and consumer goods (0.1%).
Major losers included QNB, Commercial Bank, Al Khaliji, Qatari Investors Group, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Vodafone Qatar and Ooredoo; even as Ezdan, QIIB, Qatar Islamic Bank, Salam International Investment, Qatari German Company for Medical Devices and Gulf Warehousing were among the gainers.
The Gulf institutions turned net sellers to the tune of QR0.18mn against net buyer of QR0.58mn on October 17.
Domestic funds’ net selling weakened considerably to QR22.41mn compared to QR52.07mn last Thursday.
The Gulf individuals’ net profit booking grew perceptibly to QR0.8mn against QR0.58mn the previous trading day.
However, non-Qatari funds turned net buyers to the tune of QR3.28mn compared with net sellers of QR14mn on October 17.
Local retail investors’ net selling declined significantly to QR23.42mn compared to QR33.82mn last Thursday.
Non-Qatari individuals’ net profit booking fell noticeably to QR1.27mn against QR3.27mn the previous trading day.
Total trade volume fell 5% to 63.49mn shares, value by 57% to QR118.05mn and transactions by 41% to 2,970.
There was 79% plunge in the transport sector’s trade volume to 0.66mn equities, 769% in value to QR1.96mn and 56% in deals to 74.
The banks and financial services sector’s trade volume plummeted 65% to 10.43mn stocks, value by 76% to QR45.99mn and transactions by 71% to 676.
The telecom sector reported 53% shrinkage in trade volume to 0.94mn shares, 62% in value to QR2.4mn and 66% in deals to 136.
The insurance sector’s trade volume tanked 21% to 0.84mn equities, value by 31% to QR2.11mn and transactions by 61% to 77.
The industrials sector saw 20% contraction in trade volume to 15.34mn stocks, 67% in value to QR15.37mn and 25% in deals to 873.
However, the consumer goods sector’s trade volume more than tripled to 9.43mn shares, value soared 69% to QR22.08mn and transactions by 69% to 701.
The real estate sector’s trade volume more than tripled to 25.84mn equities and value also more than tripled to QR28.15mn but on less than 1% fall in deals to 433.
In the debt market, there was no trading of treasury bills and sovereign bonds.
