The regional bourses were in a shock of a second wave of Covid-19, which had its reflection on Monday in the Qatar Stock Exchange as it settled a tad above 10,000 levels amidst strong buying support from local retail investors.
The local retail investors turned bullish and the foreign individuals were seen increasingly net buyers even as the 20-stock Qatar Index plunged 182 points or 1.77% to 10.084.79 points.
An across the board selling – particularly telecom, industrials, real estate and consumer goods – dragged the bourse, whose year-to-date losses widened to 3.36%.
More than 71% of the traded constituents were in the red in the market, whose capitalisation saw about QR11bn or 1.78% erosion to QR581.21bn, mainly owing to large and small cap segment.
The Islamic index was seen declining faster than the other indices in the bourse, which saw the foreign funds turn net profit takers.
Trade turnover grew amidst lower volumes in the market, where the industrials, banking and consumer goods sectors together accounted for about 81% of the trading volume.
A total of 106,813 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR234,573 changed hands across 13 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 1.77% to 19,457.67points, Al Rayan Islamic Index (Price) by 1.82% to 2,322.38 points and All Share Index by 1.66% to 3,100.92 points.
The telecom sector index tanked 2.74%, industrials (2.11%), realty (1.93%), consumer goods and services (1.83%), transport (1.5%), banks and financial services (1.48%) and insurance (0.21%).
Major losers included Qatari German Medical Devices, Baladna, Salam International Investment, Inma Holding, Ooredoo, QNB, Qatar Islamic Bank, Industries Qatar, Mesaieed Petrochemical Holding, Qatari Investors Group, Gulf International Services, Ezdan, Mazaya Qatar and Nakilat; even as Commercial Bank, Doha Bank, Qatar Industrial Manufacturing, Medicare Group and Qamco were among the gainers.
The foreign funds turned net sellers to the tune of QR80.55mn against net buyers of QR12.51mn on February 21.
However, Qatari investors turned net buyers to the extent of QR33.64mn compared with net sellers of QR41.49mn on Sunday.
The domestic institutions’ net buying strengthened marginally to QR33.33mn against QR32.84mn the previous day.
The foreign individuals’ net buying rose noticeably to QR12.93mn compared to QR7.85mn on February 21.
The Gulf individuals turned net buyers to the tune of QR2.05mn against net sellers of QR3.15mn on Sunday.
The Gulf funds were also net buyers to the extent of QR0.39mn compared with net sellers of QR1.27mn the previous day.
The Arab funds turned net buyers to the tune of QR0.1mn against net sellers of QR0.1mn on February 21.
The Arab individuals’ net profit booking eased markedly to QR1.83mn compared to QR7.23mn on Sunday.
Total trade volume fell 1% to 175.98mn shares, while value grew 21% to QR436.82mn and transactions by 33% to 10,971.
The market witnessed 21% plunge in the industrials sector’s trade volume to 82.18mn equities, 13% in value to QR117.32mn and 7% in deals to 2,846.
The insurance sector’s trade volume plummeted 12% to 3.27mn stocks, value by 35% to QR7.27mn and transactions by 35% to 165.
The consumer goods and services sector saw less than 1% decline in trade volume to 29.4mn shares and 37% in value to QR52.24mn but on 6% increase in deals to 1,361.
However, the telecom sector’s trade volume almost tripled to 8.13mn equities and value more than tripled to QR33.9mn on almost quadrupled transactions to 1,525.
The transport sector’s trade volume more than doubled to 5.39mn stocks and value almost doubled to QR18.79mn on more than tripled deals to 527.
The banks and financial services sector saw 41% surge in trade volume to 30.9mn shares, 98% in value to QR180.3mn and 56% in transactions to 3,605.
The realty sector’s trade volume expanded 15% to 16.7mn equities, value by 17% to QR27.01mn and deals by 27% to 942.
The local retail investors turned bullish and the foreign individuals were seen increasingly net buyers even as the 20-stock Qatar Index plunged 182 points or 1.77% to 10.084.79 points.
An across the board selling – particularly telecom, industrials, real estate and consumer goods – dragged the bourse, whose year-to-date losses widened to 3.36%.
More than 71% of the traded constituents were in the red in the market, whose capitalisation saw about QR11bn or 1.78% erosion to QR581.21bn, mainly owing to large and small cap segment.
The Islamic index was seen declining faster than the other indices in the bourse, which saw the foreign funds turn net profit takers.
Trade turnover grew amidst lower volumes in the market, where the industrials, banking and consumer goods sectors together accounted for about 81% of the trading volume.
A total of 106,813 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR234,573 changed hands across 13 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 1.77% to 19,457.67points, Al Rayan Islamic Index (Price) by 1.82% to 2,322.38 points and All Share Index by 1.66% to 3,100.92 points.
The telecom sector index tanked 2.74%, industrials (2.11%), realty (1.93%), consumer goods and services (1.83%), transport (1.5%), banks and financial services (1.48%) and insurance (0.21%).
Major losers included Qatari German Medical Devices, Baladna, Salam International Investment, Inma Holding, Ooredoo, QNB, Qatar Islamic Bank, Industries Qatar, Mesaieed Petrochemical Holding, Qatari Investors Group, Gulf International Services, Ezdan, Mazaya Qatar and Nakilat; even as Commercial Bank, Doha Bank, Qatar Industrial Manufacturing, Medicare Group and Qamco were among the gainers.
The foreign funds turned net sellers to the tune of QR80.55mn against net buyers of QR12.51mn on February 21.
However, Qatari investors turned net buyers to the extent of QR33.64mn compared with net sellers of QR41.49mn on Sunday.
The domestic institutions’ net buying strengthened marginally to QR33.33mn against QR32.84mn the previous day.
The foreign individuals’ net buying rose noticeably to QR12.93mn compared to QR7.85mn on February 21.
The Gulf individuals turned net buyers to the tune of QR2.05mn against net sellers of QR3.15mn on Sunday.
The Gulf funds were also net buyers to the extent of QR0.39mn compared with net sellers of QR1.27mn the previous day.
The Arab funds turned net buyers to the tune of QR0.1mn against net sellers of QR0.1mn on February 21.
The Arab individuals’ net profit booking eased markedly to QR1.83mn compared to QR7.23mn on Sunday.
Total trade volume fell 1% to 175.98mn shares, while value grew 21% to QR436.82mn and transactions by 33% to 10,971.
The market witnessed 21% plunge in the industrials sector’s trade volume to 82.18mn equities, 13% in value to QR117.32mn and 7% in deals to 2,846.
The insurance sector’s trade volume plummeted 12% to 3.27mn stocks, value by 35% to QR7.27mn and transactions by 35% to 165.
The consumer goods and services sector saw less than 1% decline in trade volume to 29.4mn shares and 37% in value to QR52.24mn but on 6% increase in deals to 1,361.
However, the telecom sector’s trade volume almost tripled to 8.13mn equities and value more than tripled to QR33.9mn on almost quadrupled transactions to 1,525.
The transport sector’s trade volume more than doubled to 5.39mn stocks and value almost doubled to QR18.79mn on more than tripled deals to 527.
The banks and financial services sector saw 41% surge in trade volume to 30.9mn shares, 98% in value to QR180.3mn and 56% in transactions to 3,605.
The realty sector’s trade volume expanded 15% to 16.7mn equities, value by 17% to QR27.01mn and deals by 27% to 942.
