Local retail investors and the domestic funds on Thursday turned net buyers on the Qatar Stock Exchange, which otherwise lost 45 points to settle below the 10,200 level.
Foreign institutions continued to be net buyers but with lesser vigour as the 20-stock Qatar Index settled 0.44% lower at 10,168.27 points, having touched an intraday high of 10,241 points.
The industrials and insurance counters witnessed higher than average selling pressure on the bourse, whose year-to-date losses widened to 2.57%.
The Islamic index was seen declining faster than the other indices on the market, whose capitalisation saw more than QR2bn or 0.41% increase to QR590.93bn, mainly owing to mid and small cap segments.
Gulf and Arab individuals were seen increasingly into net profit booking on the bourse, where the industrials and consumer goods sectors together accounted for more than 74% of the total trading volume.
A total of 32,679 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR277,256 changed hands across 10 deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.37% to 20,115.24 points, All Share Index by 0.32% to 3,238.12 points and Al Rayan Islamic Index (Price) by 0.43% to 2,363.25 points.
The industrials index shrank 0.99%, insurance (0.68%), banks and financial services (0.27%) and real estate (0.24%); while consumer goods and services gained 0.47%, telecom (0.38%) and transport (0.05%).
More than 55% of the traded constituents were in the red with major losers being Qatar National Cement, Qatar Insurance, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Investment Holding Group, Qatar Islamic Bank, Qatar Oman Investment, Salam International Investment and Industries Qatar.
Nevertheless, Qatari German Medical Devices, Al Khaleej Takaful, Mannai Corporation, Mazaya Qatar, Woqod, Qatar Islamic Insurance and Commercial Bank were among the gainers.
The Gulf individuals’ net selling increased considerably to QR14.05mn against QR5.41mn on March 24.
The Arab individuals’ net profit booking grew notably to QR4.17mn compared to QR0.54mn on Wednesday.
The Gulf institutions turned net sellers to the tune of QR0.41mn against net buyers of QR1.87mn the previous day.
The Arab funds were net profit takers to the extent of QR0.12mn compared with no major net exposure on March 24.
The foreign institutions’ net buying weakened perceptibly to QR12.28mn against QR15.36mn on Wednesday.
The foreign individuals’ net buying eased marginally to QR0.36mn compared to QR0.39mn the previous day.
However, local retail investors turned net buyers to the extent of QR4.26mn against net sellers of QR8.83mn on March 24.
The domestic funds were net buyers to the tune of QR1.86mn compared with net sellers of QR2.84mn on Wednesday.
Total trade volume fell 6% to 274.72mn shares, while value grew 17% to QR453.24mn and transactions by 9% to 9,728.
The insurance sector’s trade volume more than doubled to 12.36mn equities and value more than doubled to QR40.57mn on more than doubled deals to 817.
There was 71% surge in the transport sector’s trade volume to 4.49mn stocks, 38% in value to QR15.23mn and 71% in transactions to 486.
The real estate sector’s trade volume soared 61% to 21.69mn shares, value by 56% to QR30.43mn and deals by 34% to 810.
The banks and financial services sector saw 61% growth in trade volume to 29.87mn equities, 49% in value to QR117.54mn and 6% in transactions to 2,501.
However, the industrials sector’s trade volume plummeted 26% to 131.53mn stocks, value by 17% to QR142.4mn and deals by 21% to 2,536.
The market witnessed 5% shrinkage in the telecom sector’s trade volume to 3mn shares but on less than 1% jump in value to QR10.39mn and 6% in transactions to 391.
The consumer goods and services sector’s trade volume was down less than 1% to 71.78mn equities, whereas value shot up 18% to QR96.68mn and deals by 21% to 2,187.
Foreign institutions continued to be net buyers but with lesser vigour as the 20-stock Qatar Index settled 0.44% lower at 10,168.27 points, having touched an intraday high of 10,241 points.
The industrials and insurance counters witnessed higher than average selling pressure on the bourse, whose year-to-date losses widened to 2.57%.
The Islamic index was seen declining faster than the other indices on the market, whose capitalisation saw more than QR2bn or 0.41% increase to QR590.93bn, mainly owing to mid and small cap segments.
Gulf and Arab individuals were seen increasingly into net profit booking on the bourse, where the industrials and consumer goods sectors together accounted for more than 74% of the total trading volume.
A total of 32,679 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR277,256 changed hands across 10 deals; while on the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.37% to 20,115.24 points, All Share Index by 0.32% to 3,238.12 points and Al Rayan Islamic Index (Price) by 0.43% to 2,363.25 points.
The industrials index shrank 0.99%, insurance (0.68%), banks and financial services (0.27%) and real estate (0.24%); while consumer goods and services gained 0.47%, telecom (0.38%) and transport (0.05%).
More than 55% of the traded constituents were in the red with major losers being Qatar National Cement, Qatar Insurance, Qatar Electricity and Water, Mesaieed Petrochemical Holding, Investment Holding Group, Qatar Islamic Bank, Qatar Oman Investment, Salam International Investment and Industries Qatar.
Nevertheless, Qatari German Medical Devices, Al Khaleej Takaful, Mannai Corporation, Mazaya Qatar, Woqod, Qatar Islamic Insurance and Commercial Bank were among the gainers.
The Gulf individuals’ net selling increased considerably to QR14.05mn against QR5.41mn on March 24.
The Arab individuals’ net profit booking grew notably to QR4.17mn compared to QR0.54mn on Wednesday.
The Gulf institutions turned net sellers to the tune of QR0.41mn against net buyers of QR1.87mn the previous day.
The Arab funds were net profit takers to the extent of QR0.12mn compared with no major net exposure on March 24.
The foreign institutions’ net buying weakened perceptibly to QR12.28mn against QR15.36mn on Wednesday.
The foreign individuals’ net buying eased marginally to QR0.36mn compared to QR0.39mn the previous day.
However, local retail investors turned net buyers to the extent of QR4.26mn against net sellers of QR8.83mn on March 24.
The domestic funds were net buyers to the tune of QR1.86mn compared with net sellers of QR2.84mn on Wednesday.
Total trade volume fell 6% to 274.72mn shares, while value grew 17% to QR453.24mn and transactions by 9% to 9,728.
The insurance sector’s trade volume more than doubled to 12.36mn equities and value more than doubled to QR40.57mn on more than doubled deals to 817.
There was 71% surge in the transport sector’s trade volume to 4.49mn stocks, 38% in value to QR15.23mn and 71% in transactions to 486.
The real estate sector’s trade volume soared 61% to 21.69mn shares, value by 56% to QR30.43mn and deals by 34% to 810.
The banks and financial services sector saw 61% growth in trade volume to 29.87mn equities, 49% in value to QR117.54mn and 6% in transactions to 2,501.
However, the industrials sector’s trade volume plummeted 26% to 131.53mn stocks, value by 17% to QR142.4mn and deals by 21% to 2,536.
The market witnessed 5% shrinkage in the telecom sector’s trade volume to 3mn shares but on less than 1% jump in value to QR10.39mn and 6% in transactions to 391.
The consumer goods and services sector’s trade volume was down less than 1% to 71.78mn equities, whereas value shot up 18% to QR96.68mn and deals by 21% to 2,187.