Foreign and domestic funds were increasingly net buyers on Monday in an otherwise bearish Qatar Stock Exchange, amidst increased trading.
Foreign individuals’ bullish outlook notwithstanding, the 20-stock Qatar Index settled 51 points or 0.49% lower at 10,456.36 points, having touched an intraday high of 10,494 points.
Arab funds continued to be net buyers with increased intensity on the bourse, whose year-to-date gains were at 0.2%.
The telecom and insurance counters witnessed higher than average selling pressure on the market, whose capitalisation saw more than QR3bn or 0.52% decrease to QR603.58bn, mainly owing to large and microcap segments.
The Islamic index was seen flat vis-à-vis declines in the other indices on the bourse, which saw the local retail investors and the Gulf institutions increasingly net profit takers.
Trade turnover and volumes were on the increase on the market, where the industrials sector alone accounted for more than 46% of the trading volume.
A total of 72,560 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR669,385 changed hands across 11 deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 0.49% to 20,174.58 points and All Share Index by 0.46% to 3,214.43 points, while Al Rayan Islamic Index (Price) was rather unchanged at 2,404.78 points.
The telecom sector index tanked 6.11%, insurance (2.17%), consumer goods and services (0.83%), transport (0.77%), banks and financial services (0.11%) and realty (0.01%); while industrials gained 0.16%.
About 65% of the traded constituents were in the red with major decliners being Ooredoo, Qatar Insurance, Al Khaleej Takaful, Al Meera, Zad Holding, Doha bank, Dlala, Mannai Corporation, Medicare Group, Qatar Electricity and Water, Investment Holding Group and Milaha; even as Qamco, Mesaieed Petrochemical Holding, Qatar General Insurance and Reinsurance, Qatar Islamic Bank and QLM were among the gainers.
Local retail investors’ net selling increased considerably to QR16.07mn against QR5.14mn on February 14.
The Gulf institutions’ net selling also grew substantially to QR13.4mn compared to QR3.58mn the previous day.
Arab individuals turned net sellers to the tune of QR2.92mn against net buyers of QR1.28mn on Sunday.
However, the foreign institutions’ net buying grew significantly to QR16.95mn compared to QR9.23mn on February 14.
The domestic institutions’ net buying also rose noticeably to QR12.65mn against QR0.99mn the previous day.
The foreign individuals were net buyers to the extent of QR1.54mn compared with net sellers of QR2.64mn on Sunday.
The Arab institutions’ net buying strengthened perceptibly to QR0.28mn against QR0.09mn on February 14.
The Gulf individuals’ net profit booking weakened marginally to QR0.21mn compared to QR0.25mn the previous day.
Total trade volume rose 2% to 162.34mn shares and value by 69% to QR417.43mn, while transactions were down 7% to 7,944.
The telecom sector’s trade volume almost tripled to 6.34mn equities and value grew almost six-fold to QR36.07mn on seven-fold increase in deals to 1,238.
The banks and financial services sector’s trade volume soared 79% to 37.39mn stocks and value more than doubled to QR156.94n on 56% growth in transactions to 1,972.
There was 70% surge in the insurance sector’s trade volume to 9.49mn shares, 37% in value to QR23.79mn and 32% in deals to 568.
The transport sector’s trade volume shot up 51% to 4.64mn equities and value by 45% to QR25.2mn; whereas transactions declined 50% to 265.
The market witnessed 18% expansion in the industrials sector’s trade volume to 74.92mn stocks, 94% in value to QR107.38mn and 73% in deals to 2,588.
However, the consumer goods and services sector’s trade volume plummeted 60% to 19.61mn shares, value by 14% to QR49.38mn and transactions by 32% to 747.
The realty sector reported 35% plunge in trade volume to 9.96mn equities, 28% in value to QR18.68n and 37% in deals to 566.
Foreign individuals’ bullish outlook notwithstanding, the 20-stock Qatar Index settled 51 points or 0.49% lower at 10,456.36 points, having touched an intraday high of 10,494 points.
Arab funds continued to be net buyers with increased intensity on the bourse, whose year-to-date gains were at 0.2%.
The telecom and insurance counters witnessed higher than average selling pressure on the market, whose capitalisation saw more than QR3bn or 0.52% decrease to QR603.58bn, mainly owing to large and microcap segments.
The Islamic index was seen flat vis-à-vis declines in the other indices on the bourse, which saw the local retail investors and the Gulf institutions increasingly net profit takers.
Trade turnover and volumes were on the increase on the market, where the industrials sector alone accounted for more than 46% of the trading volume.
A total of 72,560 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR669,385 changed hands across 11 deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 0.49% to 20,174.58 points and All Share Index by 0.46% to 3,214.43 points, while Al Rayan Islamic Index (Price) was rather unchanged at 2,404.78 points.
The telecom sector index tanked 6.11%, insurance (2.17%), consumer goods and services (0.83%), transport (0.77%), banks and financial services (0.11%) and realty (0.01%); while industrials gained 0.16%.
About 65% of the traded constituents were in the red with major decliners being Ooredoo, Qatar Insurance, Al Khaleej Takaful, Al Meera, Zad Holding, Doha bank, Dlala, Mannai Corporation, Medicare Group, Qatar Electricity and Water, Investment Holding Group and Milaha; even as Qamco, Mesaieed Petrochemical Holding, Qatar General Insurance and Reinsurance, Qatar Islamic Bank and QLM were among the gainers.
Local retail investors’ net selling increased considerably to QR16.07mn against QR5.14mn on February 14.
The Gulf institutions’ net selling also grew substantially to QR13.4mn compared to QR3.58mn the previous day.
Arab individuals turned net sellers to the tune of QR2.92mn against net buyers of QR1.28mn on Sunday.
However, the foreign institutions’ net buying grew significantly to QR16.95mn compared to QR9.23mn on February 14.
The domestic institutions’ net buying also rose noticeably to QR12.65mn against QR0.99mn the previous day.
The foreign individuals were net buyers to the extent of QR1.54mn compared with net sellers of QR2.64mn on Sunday.
The Arab institutions’ net buying strengthened perceptibly to QR0.28mn against QR0.09mn on February 14.
The Gulf individuals’ net profit booking weakened marginally to QR0.21mn compared to QR0.25mn the previous day.
Total trade volume rose 2% to 162.34mn shares and value by 69% to QR417.43mn, while transactions were down 7% to 7,944.
The telecom sector’s trade volume almost tripled to 6.34mn equities and value grew almost six-fold to QR36.07mn on seven-fold increase in deals to 1,238.
The banks and financial services sector’s trade volume soared 79% to 37.39mn stocks and value more than doubled to QR156.94n on 56% growth in transactions to 1,972.
There was 70% surge in the insurance sector’s trade volume to 9.49mn shares, 37% in value to QR23.79mn and 32% in deals to 568.
The transport sector’s trade volume shot up 51% to 4.64mn equities and value by 45% to QR25.2mn; whereas transactions declined 50% to 265.
The market witnessed 18% expansion in the industrials sector’s trade volume to 74.92mn stocks, 94% in value to QR107.38mn and 73% in deals to 2,588.
However, the consumer goods and services sector’s trade volume plummeted 60% to 19.61mn shares, value by 14% to QR49.38mn and transactions by 32% to 747.
The realty sector reported 35% plunge in trade volume to 9.96mn equities, 28% in value to QR18.68n and 37% in deals to 566.