The Qatar Stock Exchange Thursday saw marginal demand for the Islamic equities even as it settled in the negative.
The Gulf and foreign institutions continued to be net buyers but with lesser intensity as the 20-stock Qatar Index fell 23 points, or 0.21%, to 10,842.99 points, having touched an intraday high of 10,883 points.
Local retail investors and domestic funds were seen lesser inclined into net selling in the market, whose year-to-date gains were at 3.9%.
The telecom and banking counters witnessed higher than average selling pressure in the bourse, whose capitalisation saw QR27mn, or 0.04%, dip to QR627.8bn, mainly owing to microcap segments.
More than 57% of the traded constituents were in the red in the market, which saw the real estate and industrials sectors together constitute more than 53% of the total trading volume.
Overall trade turnover and volumes were on the decline in the bourse, where Arab funds were seen net profit takers.
Arab individuals were seen net sellers in the market, which saw a total of 31,285 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha bank-sponsored QETF) value at QR82,065 change hands across 14 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shed 0.21% to 21,464.34 points and the All Share Index by 0.21% to 3,432.18 points, while the Al Rayan Islamic Index (Price) was up 0.04% to 2,481.04 points.
The telecom index shrank 1.07%, followed by banks and financial services (0.25%), consumer goods and services (0.17%), insurance (0.15%), industrials (0.1%) and transport (0.1%); while realty gained 0.15%.
Major losers included Ooredoo, Gulf International Services, Qatar Cinema and Film, Al Khaleej Takaful, Qatari German Medical Devices, Widam Food and Qatar Oman Investment; even as Qatar Industrial Manufacturing, Ezdan, Qatar Islamic Insurance, Medicare Group, Mazaya Qatar and Al Meera were among the gainers.
Arab individuals turned net sellers to the tune of QR1.54mn against net buyers of QR3.15mn on July 7.
Arab institutions were net sellers to the extent of QR0.33mn compared with no major net exposure on Wednesday.
Gulf individuals turned net profit takers to the tune of QR0.26mn against net buyers of QR0.32mn the previous day.
Foreign funds’ net buying declined substantially to QR2.84mn compared to QR33.83mn on July 7.
Gulf institutions’ net buying eased markedly to QR6.99mn against QR11.27mn on Wednesday.
However, domestic institutions’ net selling fell significantly to QR4.56mn compared to QR31.45mn the previous day.
Qatari individuals’ net profit booking weakened considerably to QR2.59mn against QR15.58mn on July 7.
Foreign individuals’ net selling shrank perceptibly to QR0.56mn compared to QR1.52mn on Wednesday.
Total trade volume fell 17% to 99.36mn shares and value by 23% to QR258.03mn, while transactions were up 3% to 7,575.
The transport sector’s trade volume plummeted 68% to 5.95mn equities, value by 65% to QR23.93mn and deals by 38% to 658.
The insurance sector reported a 49% plunge in trade volume to 1.89mn stocks, 56% in value to QR6.43mn and 23% in transactions to 170.
The banks and financial services sector saw a 29% shrinkage in trade volume to 14.76mn shares but on 4% growth in value to QR88.23mn and 10% in deals to 2,028.
The consumer goods and services sector’s trade volume tanked 26% to 19.47mn equities, value by 45% to QR29.88mn and transactions by 21% to 964.
There was an 18% contraction in the industrials sector’s trade volume to 25.97mn stocks and 29% in value to QR52.48mn but on 21% increase in deals to 1,775.
The telecom sector’s trade volume was down 7% to 4.19mn shares, value by 29% to QR13.7mn and transactions by 7% to 820.
However, the market witnessed an 88% surge in the real estate sector’s trade volume to 27.14mn equities, more than doubling value to QR43.37mn on a 72% jump in deals to 1,160.
The Gulf and foreign institutions continued to be net buyers but with lesser intensity as the 20-stock Qatar Index fell 23 points, or 0.21%, to 10,842.99 points, having touched an intraday high of 10,883 points.
Local retail investors and domestic funds were seen lesser inclined into net selling in the market, whose year-to-date gains were at 3.9%.
The telecom and banking counters witnessed higher than average selling pressure in the bourse, whose capitalisation saw QR27mn, or 0.04%, dip to QR627.8bn, mainly owing to microcap segments.
More than 57% of the traded constituents were in the red in the market, which saw the real estate and industrials sectors together constitute more than 53% of the total trading volume.
Overall trade turnover and volumes were on the decline in the bourse, where Arab funds were seen net profit takers.
Arab individuals were seen net sellers in the market, which saw a total of 31,285 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha bank-sponsored QETF) value at QR82,065 change hands across 14 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shed 0.21% to 21,464.34 points and the All Share Index by 0.21% to 3,432.18 points, while the Al Rayan Islamic Index (Price) was up 0.04% to 2,481.04 points.
The telecom index shrank 1.07%, followed by banks and financial services (0.25%), consumer goods and services (0.17%), insurance (0.15%), industrials (0.1%) and transport (0.1%); while realty gained 0.15%.
Major losers included Ooredoo, Gulf International Services, Qatar Cinema and Film, Al Khaleej Takaful, Qatari German Medical Devices, Widam Food and Qatar Oman Investment; even as Qatar Industrial Manufacturing, Ezdan, Qatar Islamic Insurance, Medicare Group, Mazaya Qatar and Al Meera were among the gainers.
Arab individuals turned net sellers to the tune of QR1.54mn against net buyers of QR3.15mn on July 7.
Arab institutions were net sellers to the extent of QR0.33mn compared with no major net exposure on Wednesday.
Gulf individuals turned net profit takers to the tune of QR0.26mn against net buyers of QR0.32mn the previous day.
Foreign funds’ net buying declined substantially to QR2.84mn compared to QR33.83mn on July 7.
Gulf institutions’ net buying eased markedly to QR6.99mn against QR11.27mn on Wednesday.
However, domestic institutions’ net selling fell significantly to QR4.56mn compared to QR31.45mn the previous day.
Qatari individuals’ net profit booking weakened considerably to QR2.59mn against QR15.58mn on July 7.
Foreign individuals’ net selling shrank perceptibly to QR0.56mn compared to QR1.52mn on Wednesday.
Total trade volume fell 17% to 99.36mn shares and value by 23% to QR258.03mn, while transactions were up 3% to 7,575.
The transport sector’s trade volume plummeted 68% to 5.95mn equities, value by 65% to QR23.93mn and deals by 38% to 658.
The insurance sector reported a 49% plunge in trade volume to 1.89mn stocks, 56% in value to QR6.43mn and 23% in transactions to 170.
The banks and financial services sector saw a 29% shrinkage in trade volume to 14.76mn shares but on 4% growth in value to QR88.23mn and 10% in deals to 2,028.
The consumer goods and services sector’s trade volume tanked 26% to 19.47mn equities, value by 45% to QR29.88mn and transactions by 21% to 964.
There was an 18% contraction in the industrials sector’s trade volume to 25.97mn stocks and 29% in value to QR52.48mn but on 21% increase in deals to 1,775.
The telecom sector’s trade volume was down 7% to 4.19mn shares, value by 29% to QR13.7mn and transactions by 7% to 820.
However, the market witnessed an 88% surge in the real estate sector’s trade volume to 27.14mn equities, more than doubling value to QR43.37mn on a 72% jump in deals to 1,160.