Dividend worries and apprehensions over coronavirus dampened sentiments on bourses globally, which had its reflection on the Qatar Stock Exchange as well this week.
Foreign institutions were seen hurriedly squaring off their position this week which saw total assets of commercial banks in Qatar witness a robust more than 12% year-on-year expansion to QR1.56tn in January 2020.
An across the board selling – particularly within insurance, real estate and telecom – drove the bourse down this week which saw Qatar National Cement Company (QNCC) reiterate its continued support to the country's infrastructure development by diversifying the product portfolio by adding new products to meet the growing local demand.
Non-Qatari individuals were seen bearish as the 20-stock Qatar Index plunged 4.47% this week which saw Qatari Investors Group (QIG) reveal that it has entered into agreement with Mediterranean Shipping Company or MSC, a global giant, relating to cruises and logistical services.
The market had seen corrections throughout this week which saw Qatar's cost of living, based on consumer price index inflation decline 0.41% year-on-year in January 2020.
More than 93% of the traded constituents were in the red this week which saw no trading of sovereign bonds and treasury bills.
However, domestic institutions were increasingly net buyers this week which saw as many as 221,415 Masraf Al Rayan sponsored exchange traded funds QATR valued at QR471,156 change hands across 29 transactions.
Local retail investors were seen bullish this week which saw 5,954 Doha Bank sponsored QETF worth QR57,936 trade across six deals.
Trade turnover grew marginally amidst lower volumes this week which saw Milaha report net profit of QR547mn in the year ended 2019.
Market capitalisation eroded 4.28% or about QR24bn to QR525.97bn mainly dragged by large and small cap segments this week.
Islamic stocks were seen declining faster than the other conventional entities this week which saw real estate and banking sectors together constitute more than 54% of total trading volume.
The Total Return Index tanked 3.8%; Al Rayyan Islamic Index 5.25% and All Share Index 3.82% this week.
The insurance index plummeted 6.53%, realty (6.42%), telecom (6.2%), transport (4.03%), industrials (3.77%), consumer goods (3.65%) and banks and financial services (3.32%) this week.
Major losers included Qatar Insurance, Qatar General Insurance and Reinsurance, QNCC, QIG, Qatar Electricity and Water, Aamal Company, Gulf International Services, Barwa, Ezdan, Mesaieed Petrochemical Holding, Ooredoo, Vodafone Qatar, Milaha, Nakilat, QNB, Qatar Islamic Bank, Commercial Bank, QIIB and Salam International Investment this week.
Foreign institutions turned net sellers to the tune of QR213.12mn compared with net buyers of QR27.62mn a week ago.
Non-Qatari individuals were also net sellers to the extent of QR3.14mn against net buyers of QR0.87mn the previous week.
However, domestic funds’ net buying grew significantly to QR179.61mn compared to QR110.85mn a week ago.
Local retail investors were net buyers to the tune of QR36.65mn against net profit takers of QR139.34mn the previous week.
Total trading volume fell 19% to 389.11mn, while value was up less than 1% to QR1.26bn and transactions by 15% to 36,799.
The transport sector’s trade volume plummeted 39% to 11.19mn equities, value by 41% to QR30.58mn and deals by 35% to 1,198.
There was 35% plunge in the consumer good’s trade volume to 35.95mn stocks but on 20% increase in value to QR122.21mn and less than 1% in transactions to 2,916.
The real estate sector’s trade volume tanked 31% to 107.53mn shares, value by 38% to QR108.96mn and deals by 26% to 4,713.
The banks and financial services saw 21% shrinkage in trade volume to 102.98mn equities but on 2% jump in value to QR621.83mn and 27% in transactions to 13,580.
The industrials sector’s trade volume was down 7% to 87.74mn stocks, whereas value rose 8% to QR225.09mn and deals by 21% to 7,377.
However, the insurance sector’s trade volume almost doubled to 16.87mn shares and value more than doubled to QR42.2mn on more than doubled transactions to 1,237.
The telecom sector reported 67% surge in trade volume to 26.85mn equities, 31% in value to QR104.29mn and 64% in deals to 5,778.
An across the board selling – particularly within insurance, real estate and telecom – drove the bourse down this week which saw Qatar National Cement Company (QNCC) reiterate its continued support to the country's infrastructure development by diversifying the product portfolio by adding new products to meet the growing local demand.
Non-Qatari individuals were seen bearish as the 20-stock Qatar Index plunged 4.47% this week which saw Qatari Investors Group (QIG) reveal that it has entered into agreement with Mediterranean Shipping Company or MSC, a global giant, relating to cruises and logistical services.
The market had seen corrections throughout this week which saw Qatar's cost of living, based on consumer price index inflation decline 0.41% year-on-year in January 2020.
More than 93% of the traded constituents were in the red this week which saw no trading of sovereign bonds and treasury bills.
However, domestic institutions were increasingly net buyers this week which saw as many as 221,415 Masraf Al Rayan sponsored exchange traded funds QATR valued at QR471,156 change hands across 29 transactions.
Local retail investors were seen bullish this week which saw 5,954 Doha Bank sponsored QETF worth QR57,936 trade across six deals.
Trade turnover grew marginally amidst lower volumes this week which saw Milaha report net profit of QR547mn in the year ended 2019.
Market capitalisation eroded 4.28% or about QR24bn to QR525.97bn mainly dragged by large and small cap segments this week.
Islamic stocks were seen declining faster than the other conventional entities this week which saw real estate and banking sectors together constitute more than 54% of total trading volume.
The Total Return Index tanked 3.8%; Al Rayyan Islamic Index 5.25% and All Share Index 3.82% this week.
The insurance index plummeted 6.53%, realty (6.42%), telecom (6.2%), transport (4.03%), industrials (3.77%), consumer goods (3.65%) and banks and financial services (3.32%) this week.
Major losers included Qatar Insurance, Qatar General Insurance and Reinsurance, QNCC, QIG, Qatar Electricity and Water, Aamal Company, Gulf International Services, Barwa, Ezdan, Mesaieed Petrochemical Holding, Ooredoo, Vodafone Qatar, Milaha, Nakilat, QNB, Qatar Islamic Bank, Commercial Bank, QIIB and Salam International Investment this week.
Foreign institutions turned net sellers to the tune of QR213.12mn compared with net buyers of QR27.62mn a week ago.
Non-Qatari individuals were also net sellers to the extent of QR3.14mn against net buyers of QR0.87mn the previous week.
However, domestic funds’ net buying grew significantly to QR179.61mn compared to QR110.85mn a week ago.
Local retail investors were net buyers to the tune of QR36.65mn against net profit takers of QR139.34mn the previous week.
Total trading volume fell 19% to 389.11mn, while value was up less than 1% to QR1.26bn and transactions by 15% to 36,799.
The transport sector’s trade volume plummeted 39% to 11.19mn equities, value by 41% to QR30.58mn and deals by 35% to 1,198.
There was 35% plunge in the consumer good’s trade volume to 35.95mn stocks but on 20% increase in value to QR122.21mn and less than 1% in transactions to 2,916.
The real estate sector’s trade volume tanked 31% to 107.53mn shares, value by 38% to QR108.96mn and deals by 26% to 4,713.
The banks and financial services saw 21% shrinkage in trade volume to 102.98mn equities but on 2% jump in value to QR621.83mn and 27% in transactions to 13,580.
The industrials sector’s trade volume was down 7% to 87.74mn stocks, whereas value rose 8% to QR225.09mn and deals by 21% to 7,377.
However, the insurance sector’s trade volume almost doubled to 16.87mn shares and value more than doubled to QR42.2mn on more than doubled transactions to 1,237.
The telecom sector reported 67% surge in trade volume to 26.85mn equities, 31% in value to QR104.29mn and 64% in deals to 5,778.
