The Qatar Stock Exchange on Saturday opened the week weak and its key index lost 51 points, mainly on the bearish grip of local and foreign retail investors as well as the Gulf institutions.
The real estate, insurance, industrials and consumer goods counters witnessed higher than average selling pressure as the 20-stock Qatar Index lost 0.53% to 9,640.11 points, having touched an intraday low of 9,595 points.
The domestic funds’ weakened net buying also had its dampening effect on the market, whose year-to-date losses swelled to 7.53%.
More than 78% of the traded stocks were in the red in the bourse, where Islamic stocks were seen declining faster than the other indices.
Market capitalisation saw more than QR6bn or 1.11% decline to QR558.83bn, mainly owing to mid and microcap segments.
A total of 59,578 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR350,147 changed hands across seven deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover shrank amidst higher volumes in the bourse, where the industrials, consumer goods and realty sectors together accounted for about 74% of the total trading volume.
The Total Return Index fell 0.53% to 18,532.8 points, Al Rayan Islamic Index (Price) by 1.3% to 2,198.18 points and All Share Index by 0.66% to 2,983.77 points.
The realty index plummeted 3.7%, insurance (1.62%), industrials (1.41%), consumer goods (1.18%), transport (0.74%) and banks and financial services (0.05%); while telecom gained 0.14%.
Major losers included Dlala, Alijarah Holding, Inma Holding, Qatari German Medical Devices, Salam International Investment, Al Khaliji, Qatar First Bank, Qatar Oman Investment, Medicare Group, Baladna, Ezdan, Qatar Industrial Manufacturing, Mazaya Qatar, Aamal Company, Gulf International Services, Qamco and Mesaieed Petrochemical Holding; even as Qatar Electricity and Water, Ooredoo, QNB and Doha Insurance were among the gainers.
Local individuals turned net sellers to the tune of QR28.79mn compared with net buyers of QR24.62mn on October 29.
The Gulf institutions were net sellers to the extent of QR4.76mn against net buyers of QR8.84mn the previous trading day.
Foreign individuals also turned net sellers to the tune of QR4.7mn compared with net buyers of QR2.06mn last Thursday.
The Arab funds were net profit takers to the extent of QR0.13mn against net buyers of QR0.02mn on October 29.
Domestic funds’ net buying decreased substantially to QR30.48mn compared to QR44.02mn the previous trading day.
However, foreign institutions were net buyers to the tune of QR12.23mn against net sellers of QR68.22mn last Thursday.
The Gulf individuals’ net selling declined considerably to QR1.97mn compared to QR5.03mn on October 29.
The Arab individuals’ net profit booking eased notably to QR2.4mn against QR6.39m the previous trading day.
Total trade volumes rose 10% to 206.14mn shares, while value fell 21% to QR307.21mn and transactions by 16% to 7,277.
The insurance sector’s trade volume soared 92% to 8.54mn equities, value by 49% to QR13.45mn and deals by 41% to 268.
The market witnessed 42% surge in the industrials sector’s trade volume to 64.98mn stocks, 7% in value to QR67.22mn and 3% in transactions to 1,700.
The consumer goods and services sector’s trade volume expanded 25% to 44.08mn shares and value by 11% to QR43.72mn, while deals were down 9% to 1,150.
However, the telecom sector reported 67% plunge in trade volume to 2.42mn equities, 35% in value to QR10.84mn and 45% in transactions to 236.
The transport sector’s trade volume plummeted 60% to 4.04mn stocks and value by 69% to QR13.04mn, whereas deals shot up 48% to 512.
The banks and financial services sector saw 5% decline in trade volume to 38.97mn shares, 36% in value to Q101.34mn and 39% in transactions to 2,043.
The real estate sector’s trade volume was down less than 1% to 43.12mn equities, value by 5% to QR57.59mn and deals by 5% to 1,368.
The domestic funds’ weakened net buying also had its dampening effect on the market, whose year-to-date losses swelled to 7.53%.
More than 78% of the traded stocks were in the red in the bourse, where Islamic stocks were seen declining faster than the other indices.
Market capitalisation saw more than QR6bn or 1.11% decline to QR558.83bn, mainly owing to mid and microcap segments.
A total of 59,578 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR350,147 changed hands across seven deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover shrank amidst higher volumes in the bourse, where the industrials, consumer goods and realty sectors together accounted for about 74% of the total trading volume.
The Total Return Index fell 0.53% to 18,532.8 points, Al Rayan Islamic Index (Price) by 1.3% to 2,198.18 points and All Share Index by 0.66% to 2,983.77 points.
The realty index plummeted 3.7%, insurance (1.62%), industrials (1.41%), consumer goods (1.18%), transport (0.74%) and banks and financial services (0.05%); while telecom gained 0.14%.
Major losers included Dlala, Alijarah Holding, Inma Holding, Qatari German Medical Devices, Salam International Investment, Al Khaliji, Qatar First Bank, Qatar Oman Investment, Medicare Group, Baladna, Ezdan, Qatar Industrial Manufacturing, Mazaya Qatar, Aamal Company, Gulf International Services, Qamco and Mesaieed Petrochemical Holding; even as Qatar Electricity and Water, Ooredoo, QNB and Doha Insurance were among the gainers.
Local individuals turned net sellers to the tune of QR28.79mn compared with net buyers of QR24.62mn on October 29.
The Gulf institutions were net sellers to the extent of QR4.76mn against net buyers of QR8.84mn the previous trading day.
Foreign individuals also turned net sellers to the tune of QR4.7mn compared with net buyers of QR2.06mn last Thursday.
The Arab funds were net profit takers to the extent of QR0.13mn against net buyers of QR0.02mn on October 29.
Domestic funds’ net buying decreased substantially to QR30.48mn compared to QR44.02mn the previous trading day.
However, foreign institutions were net buyers to the tune of QR12.23mn against net sellers of QR68.22mn last Thursday.
The Gulf individuals’ net selling declined considerably to QR1.97mn compared to QR5.03mn on October 29.
The Arab individuals’ net profit booking eased notably to QR2.4mn against QR6.39m the previous trading day.
Total trade volumes rose 10% to 206.14mn shares, while value fell 21% to QR307.21mn and transactions by 16% to 7,277.
The insurance sector’s trade volume soared 92% to 8.54mn equities, value by 49% to QR13.45mn and deals by 41% to 268.
The market witnessed 42% surge in the industrials sector’s trade volume to 64.98mn stocks, 7% in value to QR67.22mn and 3% in transactions to 1,700.
The consumer goods and services sector’s trade volume expanded 25% to 44.08mn shares and value by 11% to QR43.72mn, while deals were down 9% to 1,150.
However, the telecom sector reported 67% plunge in trade volume to 2.42mn equities, 35% in value to QR10.84mn and 45% in transactions to 236.
The transport sector’s trade volume plummeted 60% to 4.04mn stocks and value by 69% to QR13.04mn, whereas deals shot up 48% to 512.
The banks and financial services sector saw 5% decline in trade volume to 38.97mn shares, 36% in value to Q101.34mn and 39% in transactions to 2,043.
The real estate sector’s trade volume was down less than 1% to 43.12mn equities, value by 5% to QR57.59mn and deals by 5% to 1,368.
