The Qatar Stock Exchange on Sunday opened the week weak with its key index losing 36 points and settle below 8,700 levels, mainly dragged by Arab funds’ increased net profit booking.
The telecom, industry and banking counters witnessed higher than average selling pressure as the 20-stock Qatar Index knocked off 0.41% to 8,699.45 points, although it touched a high of 8,784 points within five minutes of opening.
Both domestic and the Gulf funds continued to be net buyers but with lesser intensity in the bourse, whose year-to-date losses were at 16.56%.
Market capitalisation saw more than QR3bn or 0.61% erosion to QR492.33bn mainly owing to small cap segments.
Islamic stocks were seen declining faster than the other indices in the market, where retail investors’ buying interests were seen intact.
Trade turnover and volumes were on the decline in the market, where the real estate, consumer goods and industrials sectors together accounted for more than 76% of the total trading volume.
The Total Return Index shed 0.41% to 16,724.4 points, All Share Index by 0.5% to 2,701.9 points and Al Rayan Islamic Index (Price) by 0.7% to 1,935.82 points.
The insurance index tanked 1.35%, realty (2.28%), industrials (0.65%), banks and financial services (0.61%), consumer goods and services (0.36%) and realty (0.27%); whereas transport and insurance gained 0.64% and 0.51% respectively.
More than 65% of the traded constituents were in the red with major losers being Vodafone Qatar, Industries Qatar, Ezdan, Qatar National Cement, Qatari Investors Group, Qatar First Bank, Alijarah Holding, Qatar German Company for Medical Devices, Salam International Investment, Medicare Group, Widam Food and Mannai Corporation; even as Baladna, Nakilat, Qamco, Mazaya Qatar, Dlala and Islamic Holding Group were among the gainers.
The Arab funds’ net profit booking increased substantially to QR4.63mn against QR0.2mn on May 14.
The Gulf institutions’ net buying declined considerably to QR3.01mn compared to QR14.17mn last Thursday.
The domestic funds’ net buying also fell noticeably to QR14.02mn against QR20.6mn the previous trading day.
However, foreign individuals’ net buying increased substantially to QR7.68mn compared to QR1.65mn on May 14.
Local retail investors turned net buyers to the tune of QR5.67mn against net sellers of QR0.36mn last Thursday.
The Arab individuals were net buyers to the extent of QR1.52mn compared with net sellers of QR0.13mn the previous trading day.
The Gulf individuals turned net buyers to the tune of QR0.39mn against net profit takers of QR3.06mn on May 14.
Foreign institutions’ net profit booking fell marginally to QR27.63mn compared to QR29.43mn last Thursday.
Total trade volumes fell 47% to 121.5mn shares, value by 38% to QR203.19mn and transactions by 48% 5,823.
There was 74% plunge in the insurance sector’s trade volume to 2.25mn equities, 76% in value to QR4.25mn and 95% in deals to 81.
The industrials sector’s trade volume plummeted 65% to 25.17mn stocks, value by 41% to QR42.61mn and transactions by 49% to 1,006.
The real estate sector reported 54% shrinkage in trade volume to 37.02mn shares, 59% in value to QR28.88mn and 43% in deals to 1,088.
The telecom sector’s trade volume tanked 44% to 1.87mn equities, value by 53% to QR3.37mn and transactions by 32% to 191.
There was 39% contraction in the transport sector’s trade volume to 15.51mn stocks, 38% in value to QR38.05mn and 34% in deals to 1,318.
The banks and financial services sector’s trade volume shrank 31% to 9.84mn shares, value by 24% to QR45.92mn and transactions by 58% to 863.
However, the market witnessed 9% jump in the consumer goods and services sector’s trade volume to 29.85mn shares but on 2% dip in value to QR40.12mn and 7% in deals to 1,270.
In the debt market, there was no trading of sovereign bonds and treasury bills.
Both domestic and the Gulf funds continued to be net buyers but with lesser intensity in the bourse, whose year-to-date losses were at 16.56%.
Market capitalisation saw more than QR3bn or 0.61% erosion to QR492.33bn mainly owing to small cap segments.
Islamic stocks were seen declining faster than the other indices in the market, where retail investors’ buying interests were seen intact.
Trade turnover and volumes were on the decline in the market, where the real estate, consumer goods and industrials sectors together accounted for more than 76% of the total trading volume.
The Total Return Index shed 0.41% to 16,724.4 points, All Share Index by 0.5% to 2,701.9 points and Al Rayan Islamic Index (Price) by 0.7% to 1,935.82 points.
The insurance index tanked 1.35%, realty (2.28%), industrials (0.65%), banks and financial services (0.61%), consumer goods and services (0.36%) and realty (0.27%); whereas transport and insurance gained 0.64% and 0.51% respectively.
More than 65% of the traded constituents were in the red with major losers being Vodafone Qatar, Industries Qatar, Ezdan, Qatar National Cement, Qatari Investors Group, Qatar First Bank, Alijarah Holding, Qatar German Company for Medical Devices, Salam International Investment, Medicare Group, Widam Food and Mannai Corporation; even as Baladna, Nakilat, Qamco, Mazaya Qatar, Dlala and Islamic Holding Group were among the gainers.
The Arab funds’ net profit booking increased substantially to QR4.63mn against QR0.2mn on May 14.
The Gulf institutions’ net buying declined considerably to QR3.01mn compared to QR14.17mn last Thursday.
The domestic funds’ net buying also fell noticeably to QR14.02mn against QR20.6mn the previous trading day.
However, foreign individuals’ net buying increased substantially to QR7.68mn compared to QR1.65mn on May 14.
Local retail investors turned net buyers to the tune of QR5.67mn against net sellers of QR0.36mn last Thursday.
The Arab individuals were net buyers to the extent of QR1.52mn compared with net sellers of QR0.13mn the previous trading day.
The Gulf individuals turned net buyers to the tune of QR0.39mn against net profit takers of QR3.06mn on May 14.
Foreign institutions’ net profit booking fell marginally to QR27.63mn compared to QR29.43mn last Thursday.
Total trade volumes fell 47% to 121.5mn shares, value by 38% to QR203.19mn and transactions by 48% 5,823.
There was 74% plunge in the insurance sector’s trade volume to 2.25mn equities, 76% in value to QR4.25mn and 95% in deals to 81.
The industrials sector’s trade volume plummeted 65% to 25.17mn stocks, value by 41% to QR42.61mn and transactions by 49% to 1,006.
The real estate sector reported 54% shrinkage in trade volume to 37.02mn shares, 59% in value to QR28.88mn and 43% in deals to 1,088.
The telecom sector’s trade volume tanked 44% to 1.87mn equities, value by 53% to QR3.37mn and transactions by 32% to 191.
There was 39% contraction in the transport sector’s trade volume to 15.51mn stocks, 38% in value to QR38.05mn and 34% in deals to 1,318.
The banks and financial services sector’s trade volume shrank 31% to 9.84mn shares, value by 24% to QR45.92mn and transactions by 58% to 863.
However, the market witnessed 9% jump in the consumer goods and services sector’s trade volume to 29.85mn shares but on 2% dip in value to QR40.12mn and 7% in deals to 1,270.
In the debt market, there was no trading of sovereign bonds and treasury bills.
