The Qatar Stock Exchange yesterday settled marginally lower below the 10,000 levels, mainly dragged by telecom, industrials, insurance and consumer goods sectors.
Arab and foreign individuals turned net profit takers as the 20-stock Qatar Index fell more than 10 points, or 0.1%, to 9,999.66 points, although it touched an intraday high of 10,065 points.
Arab funds were also seen bearish in the market, whose year-to-date losses were at 4.08%.
There was weakened net buying from domestic funds and foreign individuals in the bourse, where Islamic stocks were seen declining relatively faster than then other indices.
Market capitalisation saw QR74mn or 0.12% decrease to QR595.64bn, mainly owing to microcap segments.
A total of 12,500 exchange traded funds (both Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR123,090 changed hands across two transactions.
In the debt market, a total of 175,100 sovereign bonds valued at QR1.75bn traded across three deals; while there was no trading of treasury bills.
Trade turnover and volumes were on the increase in the bourse, where the real estate and industrials sectors together accounted for about 62% of the total trading volume.
The Total Return Index shed 0.1% to 19,224.02 points, Al Rayan Islamic Index (Price) by 0.2% to 2,347.61 points and All Share Index by 0.11% to 3,087.25 points.
The telecom index tanked 0.65%, industrials (0.54%), insurance (0.36%) and consumer goods and services (0.32%); while transport gained 0.21%, banks and financial services (0.08%) and realty (0.04%).
About 56% of the traded constituents were in the red with major losers being Ahlibank Qatar, Inma Holding, Medicare Group, Mannai Corporation, Mazaya Qatar, Industries Qatar, Qamco, Barwa, Ooredoo and Vodafone Qatar; even as Qatari German Medical Devices, Dlala, United Development Company, Investment Holding Group and Doha Insurance were among the gainers.
Arab individuals turned net sellers to the tune of QR6.76mn compared with net buyers of QR6.4mn on October 18.
Foreign individuals were net sellers to the extent of QR4.14mn against net buyers of QR1.47mn the previous day.
Arab funds turned net profit takers to the tune of QR1.53mn compared with net buyers of QR0.09mn on Sunday.
Domestic funds’ net buying eased considerably to QR21.62mn against QR30.61mn on October 18.
Foreign institutions’ net buying declined marginally to QR1.92mn compared to QR2.77mn the previous day.
However, the Gulf funds’ net buying strengthened markedly to QR2.44mn against QR0.5mn on Sunday.
Gulf individuals were net buyers to the extent of QR0.09mn compared with net sellers of QR1.62mn on October 18.
Local individuals’ net profit booking fell substantially to QR13.64mn against QR40.24mn the previous day.
Total trade volumes rose 10% to 221.31mn shares, value by 21% to QR435.93mn and transactions by 23% to 8,400.
The transport sector’s trade volume soared 67% to 15.9mn equities, value by 70% to QR46.67mn and deals by 4% to 662.
The market witnessed a 61% surge in the telecom sector’s trade volume to 3.98mn stocks and value more than doubled to QR14.11mn on an 83% jump in transactions to 345.
The real estate sector’s trade volume shot up 44% to 70.53n shares, value by 34% to QR138.3mn and deals by 60% to 2,181.
The consumer goods and services sector reported a 24% expansion in trade volume to 24.45mn equities, 18% in value to QR38.03mn and 20% in transactions to 1,122.
The banks and financial services sector’s trade volume enlarged to 35.87mn stocks, value by 15% to QR124.31mn and deals by 32% to 2,072.
However, there was a 22% plunge in the industrials sector’s trade volume to 66.15mn shares, 6% in value to QR67.33mn and 1% in transactions to 1,870.
The insurance sector’s trade volume was down 9% to 4.42mn equities, value by 33% to QR7.17mn and deals by 42% to 148.