The Qatar Stock Exchange on Thursday witnessed retail investors turn net buyers but overall it was on a weak wicket as it settled below the 10,300 levels.
The real estate, telecom, banking and consumer goods counters witnessed higher than average selling pressure as the 20-stock Qatar Index fell 0.13% to 10,290.02 points, although it touched an intraday high of 10,322 points.
The domestic institutions turned bearish and there was lower buying interests from foreign funds in the market, whose year-to-date losses were at 1.3%.
More than 64% of the stocks were in the red as Gulf institutions were seen increasingly net buyers and local retail investors turn bullish.
Market capitalisation saw more than QR1bn or 0.18% fall to QR591.49bn, mainly owing to microcap segments.
A total of 58,978 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued together at QR524,124 changed hands across 10 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the decline in the bourse, where the realty and transport sectors together accounted for more than 40% of the total trading volume.
The Total Return Index fell 0.13% to 19,782.58 points, the All Share Index by 0.17% to 3,162.88 points and the Al Rayan Islamic Index (Price) by 0.21% to 2,346.38 points.
The real estate sector index shrank 0.74%, telecom (0.57%), banks and financial services (0.3%) and consumer goods and services (0.19%); whereas insurance gained 1.04%, transport (0.26%) and industrials (0.05%).
Major losers included Qatar Industrial Manufacturing, Widam Food, Qatar National Cement, Qatari German Medical Devices, Inma Holding, Qatar First Bank, Qatar Oman Investment, Salam International Investment, Baladna, Qatari Investors Group, Aamal Company, Gulf International Services, Doha Insurance, Barwa and Ezdan; even as Qatar General Insurance and Reinsurance, Mannai Corporation, Dlala, Medicare Group, Industries Qatar and Nakilat were among the gainers.
Domestic institutions turned net sellers to the tune of QR27.85mn compared with net buyers of QR12.14mn on November 25.
Foreign funds’ net buying declined considerably to QR10.49mn against QR36.87mn the previous day.
However, Qataris turned net buyers to the extent of QR7.96mn compared with net sellers of QR40.15mn on Wednesday.
Arab individuals were net buyers to the tune of QR4.39mn against net sellers of QR7.03mn on November 25.
Gulf individuals turned net buyer to the extent of QR2.53mn compared with net sellers of QR1.62mn the previous day.
Gulf institutions’ net buying strengthened noticeably to QR2.45mn against QR0.86mn on Wednesday.
Foreign individuals were net buyers to the tune of QR0.08mn compared with net profit takers of QR1.01mn on November 25.
Arab institutions had no major exposure against net sellers to the extent of QR0.04mn the previous day.
Total trade volumes fell 22% to 156.49mn shares, value by 18% to QR414.48mn and transactions by 4% to 10,856.
The industrials sector reported a 64% plunge in trade volume to 21.61mn equities, 64% in value to QR33.51mn and 48% in deals to 1,236.
The telecom sector’s trade volume plummeted 24% to 1.66mn stocks, while value was up 7% to QR6.66mn despite 29% lower transactions at 314.
The market witnessed a 23% shrinkage in the transport sector’s trade volume to 33.67mn shares and value by 26% to QR111.93mn but on a 41% jump in deals to 3,390.
The insurance sector’s trade volume tanked 14% to 2.43mn equities, value by 25% to QR5.27mn and transactions by 30% to 109.
The banks and financial services sector saw an 11% shrinkage in trade volume to 29.34mn stocks, 1% in value to QR131.62mn and 7% in deals to 3,083.
However, the consumer goods and services sector’s trade volume soared 18% to 27.52mn shares and value by 23% to QR63.95mn; whereas transactions were down 1% to 1,197.
There was a 14% surge in the real estate sector’s trade volume to 40.27mn equities, 1% in value to QR61.55mn and 15% in deals to 1,527.