The Qatar Stock Exchange Sunday saw foreign funds and individuals turn net buyers but overall it settled 22 points lower.
The marginally bullish outlook of the Gulf individuals and the weakened net selling of local retail investors notwithstanding, the 20-stock Qatar Index fell 0.2% to 10,739.81 points, having touched an intraday high of 10,765 points.
Six of the seven sectors were under selling pressure in the market, whose year-to-date gains were at 2.91%.
About 66% of the traded constituents were in the red in the bourse, whose capitalisation saw about QR2bn or 0.27% decrease to QR623.11mn, mainly owing to small and microcap segments.
Domestic institutions were seen bearish in the market, which saw the industrials and consumer goods sectors together constituted about 59% of the total trading volume.
The overall trade turnover shank amidst higher volumes in the bourse, where the Islamic equities were seen declining faster than the other indices.
The Gulf institutions continued to be net buyers but with lesser intensity in the market, which saw a total of 181,788 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR441,443 changed hands across 24 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index was down 0.2% to 21,260.09 points, All Share Index by 0.2% to 3,410.78 points and Al Rayan Islamic Index (Price) by 0.22% to 2,464.17 points.
The telecom sector index plunged 3.13%, insurance (0.53%), industrials (0.21%), consumer goods and services (0.13%), real estate (0.1%) and banks and financial services (0.03%); while transport gained 0.12%.
Major losers included Ooredoo, Qatari Investors Group, Qatari German Medical Devices, Doha Insurance, Salam International Investment, QIIB, Ahlibank Qatar, Dlala, Inma Holding, Qatar Oman Investment, Baladna, Qatar Industrial Manufacturing, Aamal; Company, Qamco, Qatari General Insurance and Reinsurance and Vodafone Qatar; even as Mannai Corporation, Doha Bank, Qatar National Cement, QLM and Al Meera were among the gainers.
Domestic funds turned net sellers to the tune of QR9.06mn compared with net buyers of QR15.65mn on June 24.
The Arab institutions were net profit takers to the extent of QR0.01mn against no major net exposure the previous day.
The Gulf institutions’ net buying decreased noticeably to QR2.45mn compared to QR10.47mn last Thursday.
However, foreign funds were net buyers to the tune of QR14.81mn against net sellers of QR13.23mn on June 24.
Foreign individuals turned net buyers to the tune of QR0.85mn compared with net sellers of QR0.63mn the previous day.
The Gulf individuals were net buyers to the extent of QR0.77mn compared with net sellers of QR0.31mn last Thursday.
Qatari individuals’ net selling decreased markedly to QR6.86mn against QR9.48mn on June 24.
The Arab individuals’ net profit booking fell marginally to QR2.45mn compared to QR2.46mn the previous day.
Total trade volume rose 10% to 121.17mn shares, while value fell 5% to QR258.06mn and transactions by 34% to 5,603.
The market witnessed 51% surge in the consumer goods and services sector’s trade volume to 30.39mn equities, 78% in value to QR50.22mn and 29% in deals to 1,091.
The industrials sector’s trade volume soared 15% to 40.52mn stocks, while value shrank 1% to QR71.71mn and transactions by 22% to 1,505.
The banks and financial services sector saw 14% expansion in trade volume to 21.39mn shares but on 11% contraction in value to QR73.55mn and 50% in deals to 1,159.
However, the insurance sector’s trade volume plummeted 80% to 0.75mn equities, value by 74% to QR2.93mn and transactions by 44% to 113.
There was 25% plunge in the transport sector’s trade volume to 2.52mn stocks but on 36% growth in value to QR14.57mn despite 67% lower deals at 128.
The real estate sector’s trade volume tanked 13% to 20.51mn shares, value by 26% to QR27.8mn and transactions by 20% to 854.
The telecom sector reported 2% shrinkage in trade volume to 5.1mn equities, 39% in value to QR17.28mn and 55% in deals to 753.
The marginally bullish outlook of the Gulf individuals and the weakened net selling of local retail investors notwithstanding, the 20-stock Qatar Index fell 0.2% to 10,739.81 points, having touched an intraday high of 10,765 points.
Six of the seven sectors were under selling pressure in the market, whose year-to-date gains were at 2.91%.
About 66% of the traded constituents were in the red in the bourse, whose capitalisation saw about QR2bn or 0.27% decrease to QR623.11mn, mainly owing to small and microcap segments.
Domestic institutions were seen bearish in the market, which saw the industrials and consumer goods sectors together constituted about 59% of the total trading volume.
The overall trade turnover shank amidst higher volumes in the bourse, where the Islamic equities were seen declining faster than the other indices.
The Gulf institutions continued to be net buyers but with lesser intensity in the market, which saw a total of 181,788 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR441,443 changed hands across 24 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index was down 0.2% to 21,260.09 points, All Share Index by 0.2% to 3,410.78 points and Al Rayan Islamic Index (Price) by 0.22% to 2,464.17 points.
The telecom sector index plunged 3.13%, insurance (0.53%), industrials (0.21%), consumer goods and services (0.13%), real estate (0.1%) and banks and financial services (0.03%); while transport gained 0.12%.
Major losers included Ooredoo, Qatari Investors Group, Qatari German Medical Devices, Doha Insurance, Salam International Investment, QIIB, Ahlibank Qatar, Dlala, Inma Holding, Qatar Oman Investment, Baladna, Qatar Industrial Manufacturing, Aamal; Company, Qamco, Qatari General Insurance and Reinsurance and Vodafone Qatar; even as Mannai Corporation, Doha Bank, Qatar National Cement, QLM and Al Meera were among the gainers.
Domestic funds turned net sellers to the tune of QR9.06mn compared with net buyers of QR15.65mn on June 24.
The Arab institutions were net profit takers to the extent of QR0.01mn against no major net exposure the previous day.
The Gulf institutions’ net buying decreased noticeably to QR2.45mn compared to QR10.47mn last Thursday.
However, foreign funds were net buyers to the tune of QR14.81mn against net sellers of QR13.23mn on June 24.
Foreign individuals turned net buyers to the tune of QR0.85mn compared with net sellers of QR0.63mn the previous day.
The Gulf individuals were net buyers to the extent of QR0.77mn compared with net sellers of QR0.31mn last Thursday.
Qatari individuals’ net selling decreased markedly to QR6.86mn against QR9.48mn on June 24.
The Arab individuals’ net profit booking fell marginally to QR2.45mn compared to QR2.46mn the previous day.
Total trade volume rose 10% to 121.17mn shares, while value fell 5% to QR258.06mn and transactions by 34% to 5,603.
The market witnessed 51% surge in the consumer goods and services sector’s trade volume to 30.39mn equities, 78% in value to QR50.22mn and 29% in deals to 1,091.
The industrials sector’s trade volume soared 15% to 40.52mn stocks, while value shrank 1% to QR71.71mn and transactions by 22% to 1,505.
The banks and financial services sector saw 14% expansion in trade volume to 21.39mn shares but on 11% contraction in value to QR73.55mn and 50% in deals to 1,159.
However, the insurance sector’s trade volume plummeted 80% to 0.75mn equities, value by 74% to QR2.93mn and transactions by 44% to 113.
There was 25% plunge in the transport sector’s trade volume to 2.52mn stocks but on 36% growth in value to QR14.57mn despite 67% lower deals at 128.
The real estate sector’s trade volume tanked 13% to 20.51mn shares, value by 26% to QR27.8mn and transactions by 20% to 854.
The telecom sector reported 2% shrinkage in trade volume to 5.1mn equities, 39% in value to QR17.28mn and 55% in deals to 753.