The Qatar Stock Exchange Wednesday saw buying interests in the Islamic equities counter, but overall it settled in the negative amidst increased trade turnover.
The bullish outlook of the retail investors notwithstanding, the 20-stock Qatar Index was down more than 18 points or 0.17% to 10,730.68 points, having touched an intraday high of 10,765 points.
The domestic funds continued to be net sellers but with lesser intensity in the market, whose year-to-date gains were truncated to 2.82%.
About 56% of the traded constituents extended gains in the bourse, whose capitalisation nevertheless saw about QR85mn or 0.14% decrease to QR622.39mn, mainly owing to microcap segments.
Foreign funds’ net buying was seen considerably weakening in the market, which saw the consumer goods and industrials sectors together constitute about 69% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the bourse, where four of the seven sectors were under selling pressure.
The Gulf institutions were increasingly into net profit booking in the market, which saw a total of 900 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR2,230 changed hands across two deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index fell 0.17% to 21,242.03 points and All Share Index by 0.14% to 3,407.53points, while Al Rayan Islamic Index (Price) gained 0.16% to 2,461.63 points.
The real estate sector index shrank 1.35%, insurance (0.63%), banks and financial services (0.21%) and transport (0.02%); whereas consumer goods and services gained 0.57%, telecom (0.15%) and industrials (0.06%).
Major losers included Barwa, Mannai Corporation, Qatar Islamic Insurance, Mesaieed Petrochemical Holding, Doha Insurance, Qatar Insurance, Ooredoo and Nakilat.
However, Qatari German Medical Devices, Investment Holding Group, Widam Food, Dlala, Baladna, Alijarah Holding, Inma Holding, Salam International Investment, Aamal Company, Qamco and Vodafone Qatar were among the gainers.
The Gulf institutions’ net selling increased notably to QR4.32mn compared to QR1mn on June 29.
Foreign funds’ net buying declined substantially to QR26.69mn against QR75.78mn the previous day.
However, foreign individuals were net buyers to the extent of QR6.76mn compared with sellers of QR5.28mn on Tuesday.
The Arab individuals turned net buyers to the tune of QR2.64mn against net profit takers of QR1.32mn on June 29.
Qatari individuals were net buyers to the extent of QR1.45mn compared with net sellers of QR20.32mn the previous day.
The Gulf individuals turned net buyers to the tune of QR1.06mn against net sellers of QR1.11mn on Tuesday.
Domestic funds’ net profit booking eased markedly to QR34.28mn compared to QR48.53mn on June 29.
The Arab institutions had no major net exposure against net profit takers to the tune of QR0.2mn the previous day.
Total trade volume fell 4% to 205.58n shares, while value grew 17% to QR502.94mn despite 11% lower transactions at 9,805.
There was 43% plunge in the real estate sector’s trade volume to 16.17mn equities, 34% in value to QR26.24mn and 31% in deals to 753.
The telecom sector’s trade volume plummeted 29% to 3.93mn stocks, whereas value was up 9% to QR16.67mn despite 12% lower transactions at 813.
The banks and financial services sector saw 27% shrinkage in trade volume to 34.7mn shares but on 10% growth in value to QR184.89mn amidst 31% decline in deals to 2,700.
The consumer goods and services sector’s trade volume was down less than 1% to 71.63mn equities; while value rose 15% to QR115.69mn and transactions by 7% to 2,362.
However, the transport sector’s trade volume more than doubled to 6.05mn stocks and value also more than doubled to QR22.05mn on almost doubled deals to 566.
The insurance sector’s trade volume almost doubled to 3.13mn shares and value also almost doubled to QR9.56mn but on 14% shrinkage in transactions to 177.
There was 23% expansion in the industrials sector’s trade volume to 69.96mn equities, 39% in value to QR127.86mn and 2% in deals to 2,434.
The bullish outlook of the retail investors notwithstanding, the 20-stock Qatar Index was down more than 18 points or 0.17% to 10,730.68 points, having touched an intraday high of 10,765 points.
The domestic funds continued to be net sellers but with lesser intensity in the market, whose year-to-date gains were truncated to 2.82%.
About 56% of the traded constituents extended gains in the bourse, whose capitalisation nevertheless saw about QR85mn or 0.14% decrease to QR622.39mn, mainly owing to microcap segments.
Foreign funds’ net buying was seen considerably weakening in the market, which saw the consumer goods and industrials sectors together constitute about 69% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the bourse, where four of the seven sectors were under selling pressure.
The Gulf institutions were increasingly into net profit booking in the market, which saw a total of 900 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR2,230 changed hands across two deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index fell 0.17% to 21,242.03 points and All Share Index by 0.14% to 3,407.53points, while Al Rayan Islamic Index (Price) gained 0.16% to 2,461.63 points.
The real estate sector index shrank 1.35%, insurance (0.63%), banks and financial services (0.21%) and transport (0.02%); whereas consumer goods and services gained 0.57%, telecom (0.15%) and industrials (0.06%).
Major losers included Barwa, Mannai Corporation, Qatar Islamic Insurance, Mesaieed Petrochemical Holding, Doha Insurance, Qatar Insurance, Ooredoo and Nakilat.
However, Qatari German Medical Devices, Investment Holding Group, Widam Food, Dlala, Baladna, Alijarah Holding, Inma Holding, Salam International Investment, Aamal Company, Qamco and Vodafone Qatar were among the gainers.
The Gulf institutions’ net selling increased notably to QR4.32mn compared to QR1mn on June 29.
Foreign funds’ net buying declined substantially to QR26.69mn against QR75.78mn the previous day.
However, foreign individuals were net buyers to the extent of QR6.76mn compared with sellers of QR5.28mn on Tuesday.
The Arab individuals turned net buyers to the tune of QR2.64mn against net profit takers of QR1.32mn on June 29.
Qatari individuals were net buyers to the extent of QR1.45mn compared with net sellers of QR20.32mn the previous day.
The Gulf individuals turned net buyers to the tune of QR1.06mn against net sellers of QR1.11mn on Tuesday.
Domestic funds’ net profit booking eased markedly to QR34.28mn compared to QR48.53mn on June 29.
The Arab institutions had no major net exposure against net profit takers to the tune of QR0.2mn the previous day.
Total trade volume fell 4% to 205.58n shares, while value grew 17% to QR502.94mn despite 11% lower transactions at 9,805.
There was 43% plunge in the real estate sector’s trade volume to 16.17mn equities, 34% in value to QR26.24mn and 31% in deals to 753.
The telecom sector’s trade volume plummeted 29% to 3.93mn stocks, whereas value was up 9% to QR16.67mn despite 12% lower transactions at 813.
The banks and financial services sector saw 27% shrinkage in trade volume to 34.7mn shares but on 10% growth in value to QR184.89mn amidst 31% decline in deals to 2,700.
The consumer goods and services sector’s trade volume was down less than 1% to 71.63mn equities; while value rose 15% to QR115.69mn and transactions by 7% to 2,362.
However, the transport sector’s trade volume more than doubled to 6.05mn stocks and value also more than doubled to QR22.05mn on almost doubled deals to 566.
The insurance sector’s trade volume almost doubled to 3.13mn shares and value also almost doubled to QR9.56mn but on 14% shrinkage in transactions to 177.
There was 23% expansion in the industrials sector’s trade volume to 69.96mn equities, 39% in value to QR127.86mn and 2% in deals to 2,434.
