The Qatar Stock Exchange Tuesday witnessed marginal buying interests in the Islamic equities even as it weakened for the fourth straight session.
The increased net buying of domestic institutions and the Gulf individuals notwithstanding, the 20-stock Qatar Index settled eight points or 0.08% lower at 10,768.08 points, having touched an intraday high of 10,793 points.
The industrials and consumer goods counters witnessed robust demand in the market, whose year-to-date gains were at 3.18%.
The Arab and local individuals were seen net sellers in the bourse, whose capitalisation saw QR0.44mn or 0.07% decline to QR622.61n, mainly owing to microcap segments.
More than 60% of the traded constituents were in the red in the market, which saw the industrials and consumer goods and services sectors together constitute about 48% of the total trading volume.
The overall trade turnover and volumes were on the decline in the bourse, where foreign institutions continued to be net sellers but with lesser vigour.
The Gulf individuals were increasingly net buyers in the market, which saw a total of 26,140 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR64,305 change hands across six deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index was down 0.08% to 21,316.07 points and All Share Index by 0.04% to 3,411.41 points, while Al Rayan Islamic Index (Price) was up 0.05% to 2,463.7 points.
The transport index declined 1.47%, insurance (0.96%), telecom (0.67%) and real estate (0.46%); while industrials gained 0.58% and consumer goods and services (0.14%). The index of banks and financial institutions was rather flat.
Major losers included Ooredoo, Qatar Insurance, Nakilat, QLM, Qatari German Medical Devices, Qatar Oman Investment, Alijarah Holding, Qatar General Insurance and Reinsurance, Mazaya Qatar, United Development Company and Qatar Cinema and Film Distribution; even as Industries Qatar, QNB, Barwa, Al Meera Consumer Goods, Mannai Corporation and Zad Holding were among the gainers.
The Arab individuals turned net sellers to the tune of QR1.24mn against net buyers of QR4.41mn on July 12.
Qatari individuals were net sellers to the extent of QR1.08mn compared with buyers of QR3.78mn on Monday.
Foreign individuals’ net profit booking increased perceptibly to QR0.72mn against QR0.08mn the previous day.
The Arab institutions turned net sellers to the extent of QR0.01mn compared with no major net exposure on July 12.
The Gulf institutions’ net buying fell considerably to QR4.56mn against QR14.07mn on Monday.
However, domestic funds’ net buying grew drastically to QR18.37mn compared to QR4.78mn the previous day.
The Gulf individuals’ net buying strengthened marginally to QR1.83mn against QR1.6mn on July 12.
Foreign funds’ net profit booking eased perceptibly to QR21.72mn compared to QR28.55mn on Monday.
Total trade volume fell 13% to 86.29mn shares and value by 27% to QR239.16mn, while transactions grew 13% to 8,412.
The insurance’s trade volume plummeted 45% to 0.63mn equities, value by 54% to QR1.79mn and deals by 52% to 69.
The market witnessed 27% plunge in the consumer goods and services sector’s trade volume to 18.8mn stocks, 59% in value to QR26.94mn and 24% in transactions to 865.
The telecom sector’s trade volume tanked 23% to 2.32mn shares and value by 33% to QR10.36mn, whereas deals were up 14% to 815.
There was 18% shrinkage in the industrials sector’s trade volume to 22.33mn equities, 19% in value to QR54.36mn and 15% in transactions to 1,454.
The banks and financial services sector’s trade volume shrank 16% to 16.37mn stocks, value by 22% to QR93.72mn and deals by 1% to 2,009.
However, the real estate sector reported 18% surge in trade volume to 16.83mn shares but on 10% contraction in value to QR21.63mn and 24% in transactions to 638.
The transport sector’s trade volume was up 3% to 8.99mn equities, whereas value fell less than 1% to QR30.35mn and deals by 15% to 562.