Local retail investors on Wednesday turned bullish even as the Qatar Stock Exchange shrank 76 points and its key index retreated below the 10,800 levels.
The increased buying interests of the domestic and Gulf institutions as well as the foreign individuals notwithstanding, the 20-stock Qatar Index settled 0.7% lower at 10,733.62 points, having touched an intraday high of 10,827 points.
Foreign institutions and the Gulf individuals were increasingly net profit takers on the bourse, whose year-to-date gains stood at 2.85%.
The Islamic index was seen declining slower than the other indices in the market, whose capitalisation saw more than QR5bn, or 0.83%, decrease to QR623.95bn, mainly owing to midcap segments.
The transport and industrials counters witnessed higher than average selling pressure in the market, which saw the industrials and real estate sectors together constitute more than 62% of the total trading volume.
The overall trade volumes and turnover were on the decline in the bourse, where more than 72% of the traded constituents were in the red.
The Arab individuals turned net profit takers in the market, which saw a total of 2.21mn exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR6.3mn changed hands across 68 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.7% to 21,247.85 points, the Al Rayan Islamic Index (Price) by 0.46% to 2,508.71 points and the All Share Index by 0.64% to 3,411.62 points.
The transport index shrank 1.46%, industrials (136%), telecom (0.74%), realty (0.58%), banks and financial services (0.39%) and consumer goods and services (0.32%); while insurance was up 0.18%.
Major losers included Ahlibank Qatar, Nakilat, Qatar Industrial Manufacturing, Industries Qatar, Dlala, QNB, Qatar National Cement, Aamal Company, Gulf International Services, Ezdan, Ooredoo, United Development Company, Al Meera Company, Medicare Group and Salam International Investment; even as Qatari Investors Group, Qatar General Insurance and Reinsurance, Qatar Oman Investment, Mazaya Qatar, Al Khaliji and Qatar Islamic Insurance were among the gainers.
Foreign institutions’ net selling increased noticeably to QR31.65mn compared to QR24.32mn on May 18.
The Arab individuals turned net sellers to the tune of QR0.85mn against net buyers of QR12.71mn the previous day.
The Gulf individuals’ net profit booking grew perceptibly to QR0.8mn compared to QR0.28mn on Tuesday.
However, local retail investors were net buyers to the extent of QR14.57mn against net sellers of QR1.06mn on May 18.
The domestic funds’ net buying expanded marginally to QR12.74mn compared to QR11.75mn the previous day.
The Gulf institutions’ net buying strengthened notably to QR4.25mn against QR1.24mn on Tuesday.
The foreign individuals’ net buying shot up significantly to QR1.74mn compared to QR0.06mn on May 18.
The Arab institutions continue to have no major net exposure.
Total trade volume fell 2% to 213.76mn shares and value by 3% to QR447.03mn, while transactions grew 6% to 10,641.
The market witnessed a 25% plunge in the insurance sector’s trade volume to 1.54mn equities and 10% in value to QR5.25mn but on a 6% jump in deals to 193.
The consumer goods and services sector’s trade volume plummeted 9% to 32.16mn stocks, value by 19% to QR46.31mn and transactions by 17% to 1,223.
The banks and financial services sector saw a 7% shrinkage in trade volume to 41.93mn shares, 18% in value to QR118.35mn and 1% in deals to 3,535.
The industrials sector’s trade volume was down 2% to 72.88mn equities, while value rose 12% to QR174.88mn and transactions by 23% to 3,657.
However, the telecom sector’s trade volume more than doubled to 3.23mn stocks and value also more than doubled to QR13.98mn on a 24% growth in deals to 363.
The transport sector reported a 46% surge in trade volume to 2.28mn shares, 26% in value to QR7.48mn and 6% in transactions to 313.
The real estate sector’s trade volume was up 1% to 59.74mn equities, while value dipped 6% to QR80.77mn despite 9% higher deals at 1,357.
The increased buying interests of the domestic and Gulf institutions as well as the foreign individuals notwithstanding, the 20-stock Qatar Index settled 0.7% lower at 10,733.62 points, having touched an intraday high of 10,827 points.
Foreign institutions and the Gulf individuals were increasingly net profit takers on the bourse, whose year-to-date gains stood at 2.85%.
The Islamic index was seen declining slower than the other indices in the market, whose capitalisation saw more than QR5bn, or 0.83%, decrease to QR623.95bn, mainly owing to midcap segments.
The transport and industrials counters witnessed higher than average selling pressure in the market, which saw the industrials and real estate sectors together constitute more than 62% of the total trading volume.
The overall trade volumes and turnover were on the decline in the bourse, where more than 72% of the traded constituents were in the red.
The Arab individuals turned net profit takers in the market, which saw a total of 2.21mn exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR6.3mn changed hands across 68 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.7% to 21,247.85 points, the Al Rayan Islamic Index (Price) by 0.46% to 2,508.71 points and the All Share Index by 0.64% to 3,411.62 points.
The transport index shrank 1.46%, industrials (136%), telecom (0.74%), realty (0.58%), banks and financial services (0.39%) and consumer goods and services (0.32%); while insurance was up 0.18%.
Major losers included Ahlibank Qatar, Nakilat, Qatar Industrial Manufacturing, Industries Qatar, Dlala, QNB, Qatar National Cement, Aamal Company, Gulf International Services, Ezdan, Ooredoo, United Development Company, Al Meera Company, Medicare Group and Salam International Investment; even as Qatari Investors Group, Qatar General Insurance and Reinsurance, Qatar Oman Investment, Mazaya Qatar, Al Khaliji and Qatar Islamic Insurance were among the gainers.
Foreign institutions’ net selling increased noticeably to QR31.65mn compared to QR24.32mn on May 18.
The Arab individuals turned net sellers to the tune of QR0.85mn against net buyers of QR12.71mn the previous day.
The Gulf individuals’ net profit booking grew perceptibly to QR0.8mn compared to QR0.28mn on Tuesday.
However, local retail investors were net buyers to the extent of QR14.57mn against net sellers of QR1.06mn on May 18.
The domestic funds’ net buying expanded marginally to QR12.74mn compared to QR11.75mn the previous day.
The Gulf institutions’ net buying strengthened notably to QR4.25mn against QR1.24mn on Tuesday.
The foreign individuals’ net buying shot up significantly to QR1.74mn compared to QR0.06mn on May 18.
The Arab institutions continue to have no major net exposure.
Total trade volume fell 2% to 213.76mn shares and value by 3% to QR447.03mn, while transactions grew 6% to 10,641.
The market witnessed a 25% plunge in the insurance sector’s trade volume to 1.54mn equities and 10% in value to QR5.25mn but on a 6% jump in deals to 193.
The consumer goods and services sector’s trade volume plummeted 9% to 32.16mn stocks, value by 19% to QR46.31mn and transactions by 17% to 1,223.
The banks and financial services sector saw a 7% shrinkage in trade volume to 41.93mn shares, 18% in value to QR118.35mn and 1% in deals to 3,535.
The industrials sector’s trade volume was down 2% to 72.88mn equities, while value rose 12% to QR174.88mn and transactions by 23% to 3,657.
However, the telecom sector’s trade volume more than doubled to 3.23mn stocks and value also more than doubled to QR13.98mn on a 24% growth in deals to 363.
The transport sector reported a 46% surge in trade volume to 2.28mn shares, 26% in value to QR7.48mn and 6% in transactions to 313.
The real estate sector’s trade volume was up 1% to 59.74mn equities, while value dipped 6% to QR80.77mn despite 9% higher deals at 1,357.