The Qatar Stock Exchange (QSE) lost a sizeable more than 101 points in key barometer and more than QR5bn in capitalisation this week which also saw Baladna begin its journey in the equity market.
Telecom, industrials and banking counters witnessed higher than average selling pressure this week which saw QSE chief executive Rashid bin Ali al-Mansoori disclose that the listing of a real estate firm is expected.
Foreign institutions turned net profit takers as the 20-stock Qatar Index settled 0.98% this week which saw Manateq has awarded Al Wukair Logistics Park to Gulf Warehousing.
More than 55% of the traded constituents were in the red this week which saw six of the seven sectors reel under selling pressure.
Islamic stocks were seen declining slower than the other indices this week which saw as many as 317,789 Masraf Al Rayan sponsored exchange traded funds QATR valued at QR756,316 trade across 45 transactions.
Trade turnover declined amidst higher volumes this week which saw a total of 454 Doha Bank sponsored QETF valued at QR4,630 changed hands across two deals.
The Total Return Index fell 0.98%, Al Rayyan Islamic Index 1.04% and All Share Index 0.53% this week which saw a total of 82,300 sovereign bonds valued at QR823mn trade across one transaction.
The telecom index shed 1.57%, industrials (1.41%), banks and financial services (1.14%), consumer goods (0.66%), transport (0.62%) and real estate (0.04%); while insurance was up 0.11% this week which saw market capitalisation fall 0.89% to QR568.27bn.
Major losers included Ooredoo, Industries Qatar, Aamal Company, Mesaieed Petrochemical Holding, Gulf International Services, Nakilat, QNB, Qatar Islamic Bank, Commercial Bank, QIIB, Qatar First Bank and Woqod; even as Qatar Oman Investment, Qatari Investors Group, Salam International Investment, Doha Insurance, United Development Company, Ezdan and GWC were among the gainers this week which saw banking and consumer goods sectors constitute more than 64% of the trading volume.
The banks and financial services and consumer goods sectors accounted for 32% each of the trading volume, industrials (17%), real estate (10%), telecom (4%), transport (3%) and insurance (2%) this week.
In terms of value, banks and financial services accounted for 52%, consumer goods (19%), industrials (12%), telecom (6%), realty and transport (4% each), and insurance (2%) this week.
Non-Qatari institutions turned net sellers to the tune of QR0.87mn compared with net buyers of QR73.65mn the previous week.
Domestic funds’ net buying declined significantly to QR44.23mn against QR110.65mn the week ended December 1.
However, non-Qatari individuals were net buyers to the extent of QR13.42mn compared with net sellers of QR10.44mn a week ago.
Local retail investors’ net profit booking fell noticeably to QR56.88mn against QR173.86mn the previous week.
Total trade volume rose 5% to 379.39mn shares, while value fell 13% Q965.78mn but on 1% lower transactions at 31,551.
The consumer goods sector’s trade volume quadrupled to 120.21mn equities and value more than doubled to QR182.46mn on a five-fold jump in deals to 9,450.
The banks and financial services sector saw 2% jump in trade volume to 122.79mn stocks but on 18% fall in value to QR503.76mn and 10% in transactions to 11,865.
However, the industrials sector’s trade volume plummeted 40% to 62.87mn shares, value by 34% to QR120.21mn and deals by 38% 4,783.
The telecom sector reported 35% plunge in trade volume to 16.54mn equities, 42% in value to QR55.86mn and 46% in transactions to 2,171.
The real estate sector’s trade volume tanked 32% to 37.29mn stocks, value by 34% to QR42.77mn and deals by 20% to 1,592.
There was 24% shrinkage in the transport sector’s trade volume to 13.15mn shares, 31% in value to QR42.6mn and 40% in transactions to 1,066.
The insurance sector’s trade volume was down 15% to 6.53mn equities, value by 11% to QR18.13mn and deals by 4% to 624.