Local retail investors were increasingly net buyers and their Gulf counterparts turned bullish on the Qatar Stock Exchange, which otherwise settled below 10,500 levels.
The Arab funds’ increased buying interests notwithstanding, the 20-stock Qatar Index lost 73 points or 0.7% to 10,446.06 points, although it touched an intraday high of 10,528 points.
The industrials and real estate counters witnessed higher than average selling on the market, whose year-to-date gains were truncated to mere 0.2%.
More than 65% of the traded constituents were in the red on the market, where domestic and Gulf funds were increasingly net profit takers.
The Islamic index was seen declining slower than the other indices on the market, whose capitalisation saw about QR5bn or 0.75% shrinkage to QR603.13bn, mainly owing to midcap segments.
A total of 6,000 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR143,352 changed hands across four deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the decline on the bourse, where the banks, real estate and industrials sectors together accounted for about 84% of the total trading volume.
The Total Return Index shrank 0.7% to 20,082.21 points, All Share Index by 0.62% to 3,205.15 points and Al Rayan Islamic Index (Price) by 0.44% to 2,396.7 points.
The industrials index tanked 1.35%, realty (0.69%), consumer goods and services (0.66%), banks and financial services (0.51%), telecom (0.39%) and transport (0.06%); while insurance gained 0.5%.
Major losers included Inma Holding, Qatari German Medical Devices, Commercial Bank, Qatar Industrial Manufacturing, Industries Qatar, Dlala, Qatar Oman Investment, Salam International Investment, Widam Food, Mannai Corp, Aamal Company and Ezdan; whereas Qatar General Insurance and Reinsurance, Qatar First Bank, Qatar National Cement, Qatari Investors Group and Ahlibank Qatar were among the gainers.
Domestic funds’ net selling increased considerably to QR27.58mn compared to QR15.36mn on December 9.
The Gulf institutions’ net selling grew perceptibly to QR6.15mn against of QR4.65mn the previous day.
The foreign funds turned net sellers to the tune of QR2.07mn compared with net buyers of QR13.35mn on Wednesday.
The foreign individuals were net sellers to the extent of QR2.07mn against net buyers of QR1.94mn on December 9.
The Arab individuals’ net buying weakened notably to QR1.14mn compared to QR4.82mn the previous day.
However, local individuals’ net buying grew substantially to QR35.06mn against QR0.77mn on Wednesday.
The Gulf individuals turned net buyers to the extent of QR1.57mn compared with net sellers of QR1.03mn on December 9.
The Arab institutions’ net buying was up marginally to QR0.1mn against QR0.05mn the previous day.
Total trade volumes fell 32% to 132.87mn shares, value by 17% to QR357.74mn and transactions by 8% to 8,925.
The consumer goods and services sector’s trade volume plummeted 66% to 13.91mn equities, value by 64% to QR32.28mn and deals by 45% to 1,061.
The transport sector reported 53% plunge in trade volume to 4.23mn stocks, 46% in value to QR20.48mn and 41% in transactions to 520.
The real estate sector’s trade volume tanked 44% to 32.62mn shares, value by 38% to QR57.59mn and deals by 24% to 1,403.
There was 30% shrinkage in the insurance sector’s trade volume to 1.53mn equities, 42% in value to QR3.08mn and 35% in transactions to 96.
The industrials sector’s trade volume shrank 18% to 27.3mn stocks, while value rose 8% to QR46.19mn despite 22% lower deals at 1,389.
The banks and financial services sector saw 1% dip in trade volume to 51.17mn shares but on 20% expansion in value to QR185.83mn and 31% in transactions to 3,594.
However, the telecom sector’s trade volume shot up 11% to 2.12mn equities and value by 88% to QR12.29mn on more than doubled deals to 862.