The Qatar Stock Exchange (QSE) on Sunday opened the week weak, but its key index remained above the 10,200 levels, mainly dragged by transport, industrials and banking sectors.
The domestic and Gulf funds turned net sellers as the 20-stock Qatar Index settled 10 points or 0.1% lower at 10,202.36 points, although it touched an intraday high of 246 points.
Foreign institutions’ substantially weakened net buying interests also had its role in dampening the sentiments in the market, whose year-to-date losses were at 2.14%.
The Gulf individuals were seen net profit takers in the market, whose year-to-date losses were at 2.14%.
The Islamic stocks were seen declining faster than the other indices in the bourse.
Market capitalisation saw more than QR1bn or 0.22% decline to QR593.23bn, mainly owing to microcap segments.
A total of 49,007 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR129,568 changed hands across five deals; 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 banks and realty sectors together accounted for more than 66% of the total trading volume.
The Total Return Index fell 0.1% to 19,613.71 points, Al Rayan Islamic Index (Price) by 0.04% to 2,333.08 points and All Share Index by 0.12% to 3,159.43 points.
The transport index declined 0.65%, industrials (0.56%), banks and financial services (0.28%) and telecom (0.07%); while insurance shot up 3.5%, consumer goods and services (0.4%) and real estate (0.26%).
Major shakers included Mannai Corp, Barwa, QNB, Industries Qatar, Milaha, Aamal Company, Vodafone Qatar and Nakilat; even as Mazaya Qatar, Dlala, Qatar Insurance, Alijarah Holding, Al Khaliji and Qatar First Bank were among the gainers.
Domestic funds turned net sellers to the tune of QR7.06mn compared with net buyers of QR8.27mn on November 12.
The Gulf funds were net sellers to the extent of QR5.68mn against net buyers of QR1.17mn the previous trading day.
The Gulf individuals turned net sellers to the tune of QR1.21mn compared with net buyers of QR0.5mn last Thursday.
Foreign funds’ net buying eased substantially to QR36.63mn against QR106.56mn on November 12.
However, Qataris’ net selling declined considerably to QR11.69mn compared to QR92.13mn the previous trading day.
Foreign individuals’ net selling shrank noticeably to QR3.05mn against QR14.87mn last Thursday.
The Arab individuals’ net profit booking fell marginally to QR7.89mn compared to QR9.6mn on November 12.
The Arab institutions had no major exposure against net buyers of QR0.11mn the previous trading day.
Total trade volumes rose 31% to 233.01mn shares, while value declined 25% to QR417.63mn and transactions by 18% to 8,302.
The real estate sector’s trade volume almost tripled to 104.39mn equities and value more than doubled to QR144.4mn on 40% growth in deals to 2,164.
The insurance sector’s trade volume more than doubled to 17.55mn stocks and value almost tripled to QR41.58mn on more than doubled transactions to 505.
The telecom sector’s trade volume soared 44% to 7.01mn shares and value by 2% to QR14.92mn; whereas deals declined 21% to 314.
The consumer goods and services sector saw 35% surge in trade volume to 18.76mn equities but on 41% shrinkage in value to QR38.63mn and 14% in transactions to 850.
The banks and financial services sector’s trade volume was up 5% to 43.88mn stocks, while value tanked 49% to QR128.76mn and deals by 22% to 2,914.
However, there was 71% plunge in the transport sector’s trade volume to 6.71mn shares, 70% in value to QR21.99mn and 75% in transactions to 433.
The industrials sector’s trade volume plummeted 39% to 24.71mn equities, value by 63% to QR27.35mn and deals by 26% to 1,122.