Local retail investors were on Monday increasingly into net buying in the Qatar Stock Exchange, which however extended its losses on to the third consecutive session.
The marginally bullish outlook of domestic funds and the Gulf individuals notwithstanding, the 20-stock Qatar Index settled 31 points or 0.29% lower at 10,708.42 points, having touched an intraday high of 10,761 points.
The telecom, industrial, transport and real estate counters witnessed higher than average selling pressure in the market, whose year-to-date gains were contained at 2.61%.
About 66% of the traded constituents were in the red in the bourse, whose capitalisation saw more than QR2bn or 0.45% decrease to QR622.96n, mainly owing to mid and microcap segments.
The foreign funds and the Arab individuals were seen bearish in the market, which saw the industrials and consumer goods sectors together constituted about 60% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the market, where the Islamic equities were seen declining slower than the other indices.
The foreign retail investors were increasingly into net profit booking in the bourse, which saw a total of 29,485 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR151,343 changed hands across eight deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.29% to 21,197.97 points, the All Share Index by 0.32% to 3,404.45 points and the Al Rayan Islamic Index (Price) by 0.25% to 2,499.38 points.
The telecom sector index shrank 0.64%, industrials (0.62%), transport (0.56%), realty (0.45%), insurance (0.27%) and banks and financial services (0.22%); while consumer goods and services gained 0.17%.
Major losers included Qatar General Insurance and Reinsurance, Qatar Industrial Manufacturing, Investment Holding Group, Qamco, Qatar Oman Investment, Mannai Corporation, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Doha Insurance, Nakilat and Ooredoo; even as Qatar Cinema and Film, Alijarah Holding, Zad Holding, Qatar National Cement and Aamal Company were among the gainers.
Foreign funds turned net profit takers to the tune of QR13.03mn against net buyers of QR7.22mn on June 6.
The foreign individuals’ net selling grew considerably to QR12.15mn compared to QR1.41mn on Sunday.
The Arab individuals were net sellers to the extent of QR3.6mn against net buyers of QR6.23mn the previous day.
The Gulf institutions’ net buying declined markedly to QR1.92mn compared to QR8.59mn on June 6.
However, Qatari individuals’ net buying increased notably to QR26.46mn against QR1.22mn on Sunday.
The domestic funds were net buyers to the tune of QR0.32mn compared with net sellers of QR20.55mn the previous day.
The Gulf individuals turned net buyers to the extent of QR0.12mn against net profit takers of QR1.33mn on June 6.
The Arab funds continued to have no major net exposure for the third straight session.
Total trade volume fell 18% to 167.6mn shares, while value rose 5% to QR399.71mn and transactions by 15% to 9,229.
The consumer goods and services sector’s trade volume plummeted 32% to 35.28mn equities, value by 20% to QR61.32mn and deals by 16% at 1,172.
The market witnessed a 29% plunge in the industrials sector’s trade volume to 64.83mn stocks, 21% in value to QR129.41mn and 16% in transactions to 2,940.
The banks and financial services sector’s trade volume tanked 22% to 26.6mn shares, whereas value gained 34% to QR116mn and deals by 28% to 2,316.
There was a 4% shrinkage in the real estate sector’s trade volume to 19.16mn equities and 1% in value to QR26.79mn but on 54% growth in transactions to 806.
However, the insurance sector’s trade volume grew about nine-fold to 14.96mn stocks and about eight-fold in value to QR40.69mn on more than doubled deals to 308.
The transport sector reported a 17% surge in trade volume to 2.85mn shares and 5% in value to QR9.2mn but on more than doubled transactions to 463.
The telecom sector’s trade volume shot up 12% to 3.92mn equities and value by 42% to QR16.31mn but on more than doubled deals to 1,224.
The marginally bullish outlook of domestic funds and the Gulf individuals notwithstanding, the 20-stock Qatar Index settled 31 points or 0.29% lower at 10,708.42 points, having touched an intraday high of 10,761 points.
The telecom, industrial, transport and real estate counters witnessed higher than average selling pressure in the market, whose year-to-date gains were contained at 2.61%.
About 66% of the traded constituents were in the red in the bourse, whose capitalisation saw more than QR2bn or 0.45% decrease to QR622.96n, mainly owing to mid and microcap segments.
The foreign funds and the Arab individuals were seen bearish in the market, which saw the industrials and consumer goods sectors together constituted about 60% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the market, where the Islamic equities were seen declining slower than the other indices.
The foreign retail investors were increasingly into net profit booking in the bourse, which saw a total of 29,485 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR151,343 changed hands across eight deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.29% to 21,197.97 points, the All Share Index by 0.32% to 3,404.45 points and the Al Rayan Islamic Index (Price) by 0.25% to 2,499.38 points.
The telecom sector index shrank 0.64%, industrials (0.62%), transport (0.56%), realty (0.45%), insurance (0.27%) and banks and financial services (0.22%); while consumer goods and services gained 0.17%.
Major losers included Qatar General Insurance and Reinsurance, Qatar Industrial Manufacturing, Investment Holding Group, Qamco, Qatar Oman Investment, Mannai Corporation, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Doha Insurance, Nakilat and Ooredoo; even as Qatar Cinema and Film, Alijarah Holding, Zad Holding, Qatar National Cement and Aamal Company were among the gainers.
Foreign funds turned net profit takers to the tune of QR13.03mn against net buyers of QR7.22mn on June 6.
The foreign individuals’ net selling grew considerably to QR12.15mn compared to QR1.41mn on Sunday.
The Arab individuals were net sellers to the extent of QR3.6mn against net buyers of QR6.23mn the previous day.
The Gulf institutions’ net buying declined markedly to QR1.92mn compared to QR8.59mn on June 6.
However, Qatari individuals’ net buying increased notably to QR26.46mn against QR1.22mn on Sunday.
The domestic funds were net buyers to the tune of QR0.32mn compared with net sellers of QR20.55mn the previous day.
The Gulf individuals turned net buyers to the extent of QR0.12mn against net profit takers of QR1.33mn on June 6.
The Arab funds continued to have no major net exposure for the third straight session.
Total trade volume fell 18% to 167.6mn shares, while value rose 5% to QR399.71mn and transactions by 15% to 9,229.
The consumer goods and services sector’s trade volume plummeted 32% to 35.28mn equities, value by 20% to QR61.32mn and deals by 16% at 1,172.
The market witnessed a 29% plunge in the industrials sector’s trade volume to 64.83mn stocks, 21% in value to QR129.41mn and 16% in transactions to 2,940.
The banks and financial services sector’s trade volume tanked 22% to 26.6mn shares, whereas value gained 34% to QR116mn and deals by 28% to 2,316.
There was a 4% shrinkage in the real estate sector’s trade volume to 19.16mn equities and 1% in value to QR26.79mn but on 54% growth in transactions to 806.
However, the insurance sector’s trade volume grew about nine-fold to 14.96mn stocks and about eight-fold in value to QR40.69mn on more than doubled deals to 308.
The transport sector reported a 17% surge in trade volume to 2.85mn shares and 5% in value to QR9.2mn but on more than doubled transactions to 463.
The telecom sector’s trade volume shot up 12% to 3.92mn equities and value by 42% to QR16.31mn but on more than doubled deals to 1,224.