The domestic funds and local retail investors were seen net buyers on the Qatar Stock Exchange, which otherwise closed in the negative yesterday, thus snapping three consecutive days of bullish trajectory.
The foreign individuals continued to be net buyers but with lesser intensity even as the 20-stock Qatar Index settled 50 points or 0.46% lower at 10,754.48 points, having touched an intraday high of 10,808 points.
An across the board profit booking – particularly in the insurance and banking counters, dragged the market, whose year-to-date gains were contained at 3.05%.
The foreign and Gulf institutions were seen net sellers on the bourse, whose capitalisation saw about QR3bn or 0.45% decrease to QR626.3bn, mainly owing to mid and small cap segments.
The Arab individuals were also seen net sellers on the market, which saw the industrials sector alone constituted about 46% of the total trading volume.
The overall trade turnover shrank amidst higher volumes on the market, where the Islamic equities were seen declining slower than the other indices.
The Gulf retail investors were increasingly into net profit booking in the bourse, which saw a total of 36,842 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR259,854 changed hands across nine deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.46% to 21,289.15 points, All Share Index by 0.45% to 3,419.76 points and Al Rayan Islamic Index (Price) by 0.32% to 2,510.14 points.
The insurance sector index shrank 0.68%, banks and financial services (0.57%), telecom (0.43%), consumer goods and services (0.34%), real estate (0.32%), transport (0.27%) and industrials (0.21%).
More than 76% of the traded constituents were in the red with major losers being Qatar Cinema and Film, Qatar General Insurance and Reinsurance, Commercial Bank, Qatar Oman Investment, Inma Holding, Dlala and Aamal Company; even as Gulf International Services, Doha Insurance, Qatar Industrial Manufacturing, Gulf Warehousing and QLM were among the gainers.
The Gulf institutions turned net sellers to the tune of QR7.42mn compared with net buyers of QR13.08mn on June 2.
The Arab individuals were also net sellers to the extent of QR5.01mn against net buyers of QR1.54mn the previous day.
Foreign funds turned net profit takers to the tune of QR2.04mn compared with net buyers of QR56.09mn on Wednesday.
The Gulf individuals’ net selling increased notably to QR1.55mn against QR0.27mn on June 2.
The foreign individuals’ net buying eased markedly to QR4.81mn compared to QR10.49mn the previous day.
However, the domestic funds were net buyers to the extent of QR9.05mn against net sellers of QR48.96mn on Wednesday.
Qatari individuals turned net buyers to the tune of QR2.16mn compared with net sellers of QR31.84mn on June 2.
The Arab funds had no major net exposure against net profit takers to the extent of QR0.18mn the previous day.
Total trade volume rose 10% to 190.96mn shares, while value fell 10% to QR407.53mn and transactions by 11% to 9,647.
There was 68% surge in the real estate sector’s trade volume to 34.81mn equities, 76% in value to QR57.51mn and 28% in deals to 1,049.
The industrials sector’s trade volume soared 36% to 87.47mn stocks, value by 23% to QR153.01mn and transactions 16% to 3,237.
However, the market witnessed 56% plunge in the transport sector’s trade volume to 1.28mn shares, 56% in value to QR5.08mn and 35% in deals to 249.
The banks and financial services sector’s trade volume tanked 40% to 25.14mn equities, value by 47% to QR106.46mn and transactions by 37% to 2,641.
The telecom sector reported 11% shrinkage in trade volume to 6.13mn stocks but on 2% increase in value to QR25.32mn despite 14% lower deals at 1,080.
The consumer goods and services sector’s trade volume was down 1% to 34.49mn shares, whereas value gained 4% to QR55.34mn despite 1% lower transactions at 1,198.
The insurance sector’s trade volume was flat at 1.64mn equities but 3% contraction in value to QR4.81mn and 9% in deals to 193.