The Qatar Stock Exchange Sunday saw about 64% of its traded constituents end in the red, leading its key index retreat below 10,000 levels.
Domestic funds’ substantially weakened net buying led the 20-stock Qatar Index to settle 0.52% lower at 9,953.51 points, although it touched an intraday low of 9,909 points.
The real estate and industrials counters witnessed higher than average selling in the market, whose year-to-date losses were at 4.53%.
Market capitalisation saw about QR3bn, or 0.47%, shrinkage to QR585.83bn, mainly owing to midcap segments.
A total of 15,640 exchange traded funds (both QATR and QETF) valued at QR148,054 changed hands across four transactions; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover declined amidst higher volumes in the bourse, where the banking and real estate sectors together accounted for about 63% of the total trading volume.
The Total Return Index shed 0.52% to 19,135.3 points, the Al Rayan Islamic Index (Price) by 0.42% to 2,335.45 points and the All Share Index by 0.41% to 3,073.64 points.
The realty sector’s index fell 1.1%, industrials (0.81%), banks and financial services (0.39%), telecom (0.31%) and transport (0.05%); while consumer goods and services gained 0.31%. The insurance index was unchanged.
Major losers included United Development Company, Qatar Electricity and Water Company, Al Khaliji, Qatari Investors Group, Doha Insurance, QIIB, Aamal Company and Barwa; even as Qatar First Bank, Al Khaleej Takaful, Medicare Group, Zad Holding, Alijarah Holding ad Qatar National Cement were among the gainers.
Domestic funds’ net buying declined considerably to QR9.8mn compared to QR66.25mn on October 1.
Gulf funds’ net buying also eased noticeably to QR2.55mn against QR5.01mn the previous trading day.
Arab institutions were seen net sellers to the tune of QR0.09mn compared with no exposure last Thursday.
However, Arab individuals were net buyers to the extent of QR6.75mn against net sellers of QR7.32mn on October 1.
Gulf individuals turned net buyers to the extent of QR0.75mn compared with net sellers of QR0.92mn the previous trading day.
Foreign individuals were also net buyers to the tune of QR0.1mn against net profit takers of QR0.05mn last Thursday.
Local individuals’ net selling weakened significantly to QR16.9mn compared to QR56.53mn on October 1.
Foreign funds’ net profit booking also eased perceptibly to QR2.95mn against QR6.45mn the previous trading day.
Total trade volumes rose 11% to 264.63mn shares, while value fell 2% to QR500.02mn and transactions by 6% to 8,899.
The banks and financial services sector’s trade volume almost tripled to 118.43 equities, value soared 80% to QR206.18mn and deals by 17% to 2,959.
The insurance sector’s trade volume more than doubled to 20.47mn stocks and value also more than doubled to QR40.7mn on more-than-doubled transactions to 839.
However, the telecom sector’s trade volume plummeted 47% to 5.38mn shares, value by 52% to QR8.64mn and deals by 27% to 262.
The consumer goods and services sector reported a 43% plunge in trade volume to 25.48mn equities, 16% in value to QR99.31mn and 8% in transactions to 1,682.
The real estate sector’s trade volume tanked 38% to 47.97mn stocks, value by 42% to QR83.21mn and deals by 24% to 1,580.
There was a 27% shrinkage in the transport sector’s trade volume to 6.92mn shares, 47% in value to QR21.31mn and 55% in transactions to 321.
The industrials sector’s trade volume shrank 18% to 39.97mn equities, value by 33% to QR40.69mn and deals by 21% to 1,256.