The Qatar Stock Exchange Sunday saw weakened net selling pressure from the foreign funds even as it was on a fall for the third straight session.
The bullish sentiments of the Gulf individuals notwithstanding, the 20-stock Qatar Index settled 42 points or 0.4% lower at 10,652.62 points, having touched an intraday high of 10,718 points.
The insurance and telecom counters witnessed higher than average selling pressure in the bourse, whose year-to-date gains were at 2.08%.
The Islamic index was seen declining faster than the other indices in the market, whose capitalisation saw more than QR2bn or 0.34% decrease to QR619.99bn, mainly owing to microcap segments.
Foreign individuals were seen bearish and local retail investors’ net buying weakened in the bourse, which saw the consumer goods, banking and industrials sectors together constituted about 83% of the total trading volume.
The overall trade turnover and volumes were on the decline in the market, where about 66% of the traded constituents were in the red.
The domestic funds were increasingly net profit takers in the bourse, which saw a total of 196,348 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR1.34mn changed hands across 22 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.4% to 21,807.51 points, Al Rayan Islamic Index (Price) by 0.5% to 2,489.06 points and All Share Index by 0.37% to 3,388.1 points.
The insurance sector index plummeted 1.62%, telecom (0.62%), transport (0.41%), banks and financial services (0.36%), consumer goods and services (0.27%), industrials (0.2%) and real estate (0.18%).
Major losers included Qatar General Insurance and Reinsurance, QIIB, Mannai Corporation, Qatar Oman Investment, Qatar Islamic Bank, Alijarah Holding, Medicare Group, Widam Food, Mazaya Qatar, Ezdan, Vodafone Qatar, Ooredoo and Milaha; even as Qatar Islamic Insurance, Zad Holding, Salam International Investment, Doha Insurance, QLM and Qatari Investors Group were among the gainers.
The domestic institutions’ net selling increased markedly to QR2.71mn compared to QR0.25mn on May 20.
The foreign individuals turned net sellers to the tune of QR1.26mn against net buyers of QR0.55mn the previous day.
Local retail investors’ net buying shrank substantially to QR10.99mn compared to QR24.94mn last Thursday.
The Arab individuals’ net buying weakened considerably to QR0.11mn against QR2.45mn on May 20.
The Gulf institutions’ net buying eased notably to QR3.92mn compared to QR5.55mn the previous day.
However, the Gulf individuals were net buyers to the extent of QR0.42mn against net sellers of QR6.4mn last Thursday.
Foreign institutions’ net profit booking decreased noticeably to QR11.49mn compared to QR26.74mn on May 20.
The Arab institutions continue to have no major net exposure.
Total trade volume fell 29% to 135.1mn shares, value by 47% to QR263mn and transactions by 49% to 5,911.
The transport sector’s trade volume plummeted 65% to 1.28mn equities, value by 56% to QR5.06mn and deals by 71% to 162.
The banks and financial services sector saw 50% plunge in trade volume to 24.84mn stocks, 63% in value to QR74.42mn and 64% in transactions to 1,420.
The telecom sector’s trade volume tanked 50% to 3.13mn shares, value by 57% to QR9.62mn and deals by 45% to 357.
The real estate sector reported 47% shrinkage in trade volume to 15.46mn equities, 44% in value to QR26.39mn and 28% in transactions to 688.
The industrials sector’s trade volume shrank 29% to 32.75mn stocks, value by 48% to QR70.87mn and deals by 55% to 1,516.
However, the market witnessed 41% surge in the insurance sector’s trade volume to 3.29mn shares, 11% in value to QR10.01mn and 26% in transactions to 260.
The consumer goods and services sector’s trade volume was up 3% to 54.34mn equities, whereas value lost 9% to QR66.63mn and deals by 20% to 1,508.
The bullish sentiments of the Gulf individuals notwithstanding, the 20-stock Qatar Index settled 42 points or 0.4% lower at 10,652.62 points, having touched an intraday high of 10,718 points.
The insurance and telecom counters witnessed higher than average selling pressure in the bourse, whose year-to-date gains were at 2.08%.
The Islamic index was seen declining faster than the other indices in the market, whose capitalisation saw more than QR2bn or 0.34% decrease to QR619.99bn, mainly owing to microcap segments.
Foreign individuals were seen bearish and local retail investors’ net buying weakened in the bourse, which saw the consumer goods, banking and industrials sectors together constituted about 83% of the total trading volume.
The overall trade turnover and volumes were on the decline in the market, where about 66% of the traded constituents were in the red.
The domestic funds were increasingly net profit takers in the bourse, which saw a total of 196,348 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR1.34mn changed hands across 22 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.4% to 21,807.51 points, Al Rayan Islamic Index (Price) by 0.5% to 2,489.06 points and All Share Index by 0.37% to 3,388.1 points.
The insurance sector index plummeted 1.62%, telecom (0.62%), transport (0.41%), banks and financial services (0.36%), consumer goods and services (0.27%), industrials (0.2%) and real estate (0.18%).
Major losers included Qatar General Insurance and Reinsurance, QIIB, Mannai Corporation, Qatar Oman Investment, Qatar Islamic Bank, Alijarah Holding, Medicare Group, Widam Food, Mazaya Qatar, Ezdan, Vodafone Qatar, Ooredoo and Milaha; even as Qatar Islamic Insurance, Zad Holding, Salam International Investment, Doha Insurance, QLM and Qatari Investors Group were among the gainers.
The domestic institutions’ net selling increased markedly to QR2.71mn compared to QR0.25mn on May 20.
The foreign individuals turned net sellers to the tune of QR1.26mn against net buyers of QR0.55mn the previous day.
Local retail investors’ net buying shrank substantially to QR10.99mn compared to QR24.94mn last Thursday.
The Arab individuals’ net buying weakened considerably to QR0.11mn against QR2.45mn on May 20.
The Gulf institutions’ net buying eased notably to QR3.92mn compared to QR5.55mn the previous day.
However, the Gulf individuals were net buyers to the extent of QR0.42mn against net sellers of QR6.4mn last Thursday.
Foreign institutions’ net profit booking decreased noticeably to QR11.49mn compared to QR26.74mn on May 20.
The Arab institutions continue to have no major net exposure.
Total trade volume fell 29% to 135.1mn shares, value by 47% to QR263mn and transactions by 49% to 5,911.
The transport sector’s trade volume plummeted 65% to 1.28mn equities, value by 56% to QR5.06mn and deals by 71% to 162.
The banks and financial services sector saw 50% plunge in trade volume to 24.84mn stocks, 63% in value to QR74.42mn and 64% in transactions to 1,420.
The telecom sector’s trade volume tanked 50% to 3.13mn shares, value by 57% to QR9.62mn and deals by 45% to 357.
The real estate sector reported 47% shrinkage in trade volume to 15.46mn equities, 44% in value to QR26.39mn and 28% in transactions to 688.
The industrials sector’s trade volume shrank 29% to 32.75mn stocks, value by 48% to QR70.87mn and deals by 55% to 1,516.
However, the market witnessed 41% surge in the insurance sector’s trade volume to 3.29mn shares, 11% in value to QR10.01mn and 26% in transactions to 260.
The consumer goods and services sector’s trade volume was up 3% to 54.34mn equities, whereas value lost 9% to QR66.63mn and deals by 20% to 1,508.
