The Qatar Stock Exchange Monday witnessed strong demand at the telecom and insurance counters but overall it remained weak for the third straight session.
Both domestic funds and local retail investors were seen net buyers even as the 20-stock Qatar Index settled 18 points, or 0.17%, lower at 10,776.34 points, having touched an intraday high of 10,835 points.
Amidst an overall bearish trend, the Gulf institutions were increasingly net buyers in the market, whose year-to-date gains were at 3.26%.
Foreign institutions were seen bearish in the bourse, whose capitalisation saw more than QR1bn, or 0.21%, decline to QR623.05n, mainly owing to microcap segments.
More than 82% of the traded constituents were in the red in the market, which saw the industrials and consumer goods and services sectors together constitute more than 53% of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where Islamic stocks were seen declining faster than the conventional ones.
The Gulf individuals turned bearish, albeit at lower levels, in the market, which saw a total of 170,097 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR1.24mn change hands across 19 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shed 0.17% to 21,332.42 points, the All Share Index by 0.16% to 3,412.75 points and the Al Rayan Islamic Index (Price) by 0.35% to 2,462.4 points.
The real estate index declined 0.94%, industrials (0.68%), consumer goods and services (0.56%) and transport (0.31%); whereas telecom gained 1.27%, insurance (0.49%) and banks and financial services (0.05%).
Major losers included Mannai Corporation, Widam Food, Salam International Investment, Dlala, Barwa, Qatar First Bank, Alijarah Holding, Qatari German Medical Devices, Gulf International Services, Industries Qatar, QLM and Ezdan; even as Ooredoo, Al Khaliji, Qatar Insurance, Qatar Islamic Bank and Al Meera were among the gainers.
Foreign funds turned net sellers to the tune of QR28.55mn compared with net buyers of QR16.64mn on July 11.
Foreign individuals were net sellers to the extent of QR0.08mn against net buyers of QR0.4mn the previous day.
However, the Gulf institutions’ net buying grew considerably to QR14.07mn compared to QR0.5mn on Sunday.
Domestic institutions were net buyers to the tune of QR4.78mn against net sellers of QR10.99mn on July 11.
Qatari individuals were net buyers to the extent of QR3.78mn compared with net sellers of QR6.63mn the previous day.
The Arab individuals turned net buyers to the tune of QR4.41mn against net profit takers of QR0.48mn on Sunday.
The Gulf individuals' net buying strengthened marginally to QR1.6mn compared to QR0.56mn on July 11.
The Arab institutions had no major net exposure for the second consecutive trading session.
Total trade volume rose 4% to 99.62mn shares, value by 37% to QR327.81mn and transactions by 43% to 7,440.
The transport sector’s trade volume more than doubled to 8.69mn equities and value soared 66% to QR30.45mn and deals by 62% to 664.
The banks and financial services sector saw a 53% surge in trade volume to 19.52mn stocks, 47% in value to QR120.12mn and 87% in transactions to 2,245.
The insurance’s trade volume soared 29% to 1.15mn shares, value by 54% to QR3.9mn and deals by 72% to 143.
The market witnessed an 8% jump in the consumer goods and services sector’s trade volume to 25.72mn equities, more than doubling value to QR66.36mn on a 56% expansion in transactions deals to 1,136.
However, the telecom sector’s trade volume plummeted 24% to 3.02mn stocks and value by 24% to QR15.49mn, whereas transactions were up 12% to 712.
There was a 22% plunge in the real estate sector’s trade volume to 14.32mn shares and 9% in value to QR24.14mn but on a 24% growth in deals to 839.
The industrials sector’s trade volume shrank 15% to 27.2mn equities, while value shot up by 16% to QR67.35mn and 16% in transactions to 1,701.
Both domestic funds and local retail investors were seen net buyers even as the 20-stock Qatar Index settled 18 points, or 0.17%, lower at 10,776.34 points, having touched an intraday high of 10,835 points.
Amidst an overall bearish trend, the Gulf institutions were increasingly net buyers in the market, whose year-to-date gains were at 3.26%.
Foreign institutions were seen bearish in the bourse, whose capitalisation saw more than QR1bn, or 0.21%, decline to QR623.05n, mainly owing to microcap segments.
More than 82% of the traded constituents were in the red in the market, which saw the industrials and consumer goods and services sectors together constitute more than 53% of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where Islamic stocks were seen declining faster than the conventional ones.
The Gulf individuals turned bearish, albeit at lower levels, in the market, which saw a total of 170,097 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR1.24mn change hands across 19 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shed 0.17% to 21,332.42 points, the All Share Index by 0.16% to 3,412.75 points and the Al Rayan Islamic Index (Price) by 0.35% to 2,462.4 points.
The real estate index declined 0.94%, industrials (0.68%), consumer goods and services (0.56%) and transport (0.31%); whereas telecom gained 1.27%, insurance (0.49%) and banks and financial services (0.05%).
Major losers included Mannai Corporation, Widam Food, Salam International Investment, Dlala, Barwa, Qatar First Bank, Alijarah Holding, Qatari German Medical Devices, Gulf International Services, Industries Qatar, QLM and Ezdan; even as Ooredoo, Al Khaliji, Qatar Insurance, Qatar Islamic Bank and Al Meera were among the gainers.
Foreign funds turned net sellers to the tune of QR28.55mn compared with net buyers of QR16.64mn on July 11.
Foreign individuals were net sellers to the extent of QR0.08mn against net buyers of QR0.4mn the previous day.
However, the Gulf institutions’ net buying grew considerably to QR14.07mn compared to QR0.5mn on Sunday.
Domestic institutions were net buyers to the tune of QR4.78mn against net sellers of QR10.99mn on July 11.
Qatari individuals were net buyers to the extent of QR3.78mn compared with net sellers of QR6.63mn the previous day.
The Arab individuals turned net buyers to the tune of QR4.41mn against net profit takers of QR0.48mn on Sunday.
The Gulf individuals' net buying strengthened marginally to QR1.6mn compared to QR0.56mn on July 11.
The Arab institutions had no major net exposure for the second consecutive trading session.
Total trade volume rose 4% to 99.62mn shares, value by 37% to QR327.81mn and transactions by 43% to 7,440.
The transport sector’s trade volume more than doubled to 8.69mn equities and value soared 66% to QR30.45mn and deals by 62% to 664.
The banks and financial services sector saw a 53% surge in trade volume to 19.52mn stocks, 47% in value to QR120.12mn and 87% in transactions to 2,245.
The insurance’s trade volume soared 29% to 1.15mn shares, value by 54% to QR3.9mn and deals by 72% to 143.
The market witnessed an 8% jump in the consumer goods and services sector’s trade volume to 25.72mn equities, more than doubling value to QR66.36mn on a 56% expansion in transactions deals to 1,136.
However, the telecom sector’s trade volume plummeted 24% to 3.02mn stocks and value by 24% to QR15.49mn, whereas transactions were up 12% to 712.
There was a 22% plunge in the real estate sector’s trade volume to 14.32mn shares and 9% in value to QR24.14mn but on a 24% growth in deals to 839.
The industrials sector’s trade volume shrank 15% to 27.2mn equities, while value shot up by 16% to QR67.35mn and 16% in transactions to 1,701.