The Qatar Stock Exchange Tuesday saw Gulf funds turn net buyers even as it fell for the second straight session on lower volumes.
The Arab individuals were also seen bullish even as the 20-stock Qatar Index settled 18 points or 0.17% lower at 10,781.41 points, having touched an intraday high of 10,794 points.
Local retail investors’ selling pressure eased on the market, whose year-to-date gains weakened further to 3.31%.
The transport and insurance counters witnessed higher than average profit booking pressure on the bourse, whose capitalisation saw more than QR1bn or 0.21% decline to QR623.73bn, mainly owing to microcap segments.
Foreign and domestic funds were seen bearish on the market, which saw the industrials and consumer goods and services sectors together constitute about 60% of the total trading volume.
The overall trade turnover and volumes were on the decline on the bourse, where Islamic equities were seen declining slower than the other indices.
The Gulf retail investors continued to be net buyers but with lesser intensity on the market, which saw a total of 22,545 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR75,073 changed hands across 14 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.17% to 21,342.45 points, All Share Index by 0.14% to 3,416.81points and Al Rayan Islamic Index (Price) by 0.1% to 2,473.96 points.
The transport index shrank 0.6%, insurance (0.4%), consumer goods and services (0.13%), telecom (0.13%), real estate (0.12%), banks and financial services (0.11%) and industrials (0.06%).
Major losers included Milaha, Qatari Investors Group, Ezdan, Qatar Insurance, Mazaya Qatar, Inma Holding and Qamco; even as Qatar General Insurance and Reinsurance, Qatari German Medical Devices, Gulf International Services, Medicare Group, Doha Bank, Commercial Bank and Vodafone Qatar were among the gainers.
Foreign institutions turned net sellers to the tune of QR8.27mn compared with net buyers of QR10.13mn on July 5.
Domestic funds were net sellers to the extent of QR7.46mn against net buyers of QR4.94mn the previous day.
The Gulf individuals’ net buying shrank marginally to QR0.25mn compared to QR0.65mn on Monday.
However, the Gulf institutions turned net buyers to the tune of QR16.66mn against net sellers of QR1.17mn on July 5.
The Arab individuals were net buyers to the extent of QR4.42mn compared with net sellers of QR0.66mn the previous day.
Qatari individuals’ net profit booking decreased noticeably to QR1.2mn against QR9.18mn on Monday.
Foreign individuals’ net selling weakened perceptibly to QR4.41mn compared to QR4.7mn on July 5.
The Arab institutions continued to have no major net exposure for the fifth straight session.
Total trade volume fell 29% to 83.97mn shares, value by 10% to QR241.36mn and transactions by 4% to 5,756.
The insurance sector’s trade volume plummeted 60% to 0.6mn equities, value by 53% to QR2.99mn and deals by 38% to 127.
There was 41% plunge in the industrials sector’s trade volume to 26.78mn stocks, 22% in value to QR57.63mn and 12% in transactions to 1,547.
The real estate sector’s trade volume tanked 30% to 12.34mn shares, value by 35% to QR15.98mn and deals by 22% to 526.
The consumer goods and services sector reported 30% shrinkage in trade volume to 23.55mn equities, 18% in value to QR46.39mn and 12% in transactions to 1,215.
The banks and financial services sector’s trade volume was down 11% to 14.11mn stocks and value by 5% to QR87.82mn; whereas deals grew 5% to 1,413.
However, the market witnessed 64% surge in the transport sector’s trade volume to 3.39mn shares, 60% in value to QR11.22mn and 52% decline in transactions to 358.
The telecom sector’s trade volume shot up 49% to 3.21mn equities and value more than doubled to QR19.32mn on 45% jump in deals to 570.
The Arab individuals were also seen bullish even as the 20-stock Qatar Index settled 18 points or 0.17% lower at 10,781.41 points, having touched an intraday high of 10,794 points.
Local retail investors’ selling pressure eased on the market, whose year-to-date gains weakened further to 3.31%.
The transport and insurance counters witnessed higher than average profit booking pressure on the bourse, whose capitalisation saw more than QR1bn or 0.21% decline to QR623.73bn, mainly owing to microcap segments.
Foreign and domestic funds were seen bearish on the market, which saw the industrials and consumer goods and services sectors together constitute about 60% of the total trading volume.
The overall trade turnover and volumes were on the decline on the bourse, where Islamic equities were seen declining slower than the other indices.
The Gulf retail investors continued to be net buyers but with lesser intensity on the market, which saw a total of 22,545 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR75,073 changed hands across 14 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.17% to 21,342.45 points, All Share Index by 0.14% to 3,416.81points and Al Rayan Islamic Index (Price) by 0.1% to 2,473.96 points.
The transport index shrank 0.6%, insurance (0.4%), consumer goods and services (0.13%), telecom (0.13%), real estate (0.12%), banks and financial services (0.11%) and industrials (0.06%).
Major losers included Milaha, Qatari Investors Group, Ezdan, Qatar Insurance, Mazaya Qatar, Inma Holding and Qamco; even as Qatar General Insurance and Reinsurance, Qatari German Medical Devices, Gulf International Services, Medicare Group, Doha Bank, Commercial Bank and Vodafone Qatar were among the gainers.
Foreign institutions turned net sellers to the tune of QR8.27mn compared with net buyers of QR10.13mn on July 5.
Domestic funds were net sellers to the extent of QR7.46mn against net buyers of QR4.94mn the previous day.
The Gulf individuals’ net buying shrank marginally to QR0.25mn compared to QR0.65mn on Monday.
However, the Gulf institutions turned net buyers to the tune of QR16.66mn against net sellers of QR1.17mn on July 5.
The Arab individuals were net buyers to the extent of QR4.42mn compared with net sellers of QR0.66mn the previous day.
Qatari individuals’ net profit booking decreased noticeably to QR1.2mn against QR9.18mn on Monday.
Foreign individuals’ net selling weakened perceptibly to QR4.41mn compared to QR4.7mn on July 5.
The Arab institutions continued to have no major net exposure for the fifth straight session.
Total trade volume fell 29% to 83.97mn shares, value by 10% to QR241.36mn and transactions by 4% to 5,756.
The insurance sector’s trade volume plummeted 60% to 0.6mn equities, value by 53% to QR2.99mn and deals by 38% to 127.
There was 41% plunge in the industrials sector’s trade volume to 26.78mn stocks, 22% in value to QR57.63mn and 12% in transactions to 1,547.
The real estate sector’s trade volume tanked 30% to 12.34mn shares, value by 35% to QR15.98mn and deals by 22% to 526.
The consumer goods and services sector reported 30% shrinkage in trade volume to 23.55mn equities, 18% in value to QR46.39mn and 12% in transactions to 1,215.
The banks and financial services sector’s trade volume was down 11% to 14.11mn stocks and value by 5% to QR87.82mn; whereas deals grew 5% to 1,413.
However, the market witnessed 64% surge in the transport sector’s trade volume to 3.39mn shares, 60% in value to QR11.22mn and 52% decline in transactions to 358.
The telecom sector’s trade volume shot up 49% to 3.21mn equities and value more than doubled to QR19.32mn on 45% jump in deals to 570.