The Qatar Stock Exchange Tuesday retreated below 11,100 levels despite increased buying interests of the foreign funds.
Local and Gulf retail investors were seen bullish even as the 20-stock Qatar Index declined 15 points or 0.13% to 11,092.9 points, although it touched an intraday high of 11,109 points.
Four of the seven sectors were however under buying spotlight in the market, whose year-to-date gains were at 6.29%.
About 57% of the traded constituents were in the red in the bourse, whose capitalisation declined QR27mn or 0.04% to QR640.02bn, mainly on microcap segments.
The telecom, industrials and real estate counters witnessed higher than average selling pressure in the market, which saw the industrials and consumer goods and services sectors together constitute about 66% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the bourse, where the domestic institutions were increasingly net profit takers.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 21,624 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR53,669 change hands across six deals.
The Total Return Index shrank 0.13% to 21,959.07 points, All Share Index by 0.05% to 3,526.39 points and Al Rayan Islamic Index (Price) by 0.01% to 2,515.68 points in the market which saw no trading of sovereign bonds and treasury bills.
The telecom sector index dipped 0.93%, industrials (0.77%) and realty (0.43%); whereas consumer goods and services gained 0.73%, insurance (0.5%), transport (0.16%) and banks and financial services (0.14%).
Major losers included Zad Holding, Industries Qatar, Investment Holding Group, Ooredoo, Al Khaleej Takaful, QIIB, Gulf International Services, Barwa, United Development Company and Mazaya Qatar.
Nevertheless, Qamco, Qatari German Medical Devices, Doha Bank, Woqod, QLM, QNB, Qatar Oman Investment, Mannai Corporation, Baladna, Qatar Insurance, Ezdan and Milaha were among the gainers.
The domestic funds’ net selling expanded significantly to QR53.97mn compared to QR12.25mn on August 30.
The Gulf institutions turned net sellers to the tune of QR6.18mn against net buyers of QR12.07mn the previous day.
The Arab individuals were net sellers to the extent of QR4.36mn compared with net buyers of QR0.09mn on Monday.
Foreign individuals turned net profit takers to the tune of QR0.6mn against net buyers of QR0.21mn on August 30.
However, the foreign institutions’ net buying grew drastically to QR55.39mn compared to QR11.68mn the previous day.
Local retail investors were net buyers to the extent of QR8.59mn against net sellers of QR11.8mn on Monday.
The Gulf individuals turned net buyers to the tune of QR1.07mn compared with net sellers of QR0.01mn on August 30.
The Arab institutions were seen net buyers to the extent of QR0.07mn against no major net exposure for the last seven consecutive sessions.
Total trade volume fell 6% to 191.66mn shares, while value grew 53% to Q643.65mn and transactions by 5% to 10,857.
The real estate sector’s trade volume plummeted 31% to 15.26mn equities, value by 5% to QR24.98mn and deals by 27% to 806.
The industrials sector reported 28% shrinkage in trade volume to 74.31mn stocks but on 16% increase in value to QR187.06mn despite 11% lower transactions at 3,184.
However, the transport sector’s trade volume grew more than five-fold to 6.62mn shares and value more than quadrupled to QR21.98mn on 64% jump in deals to 345.
The insurance sector’s trade volume more than tripled to 4.97mn equities and value more than doubled to QR13.72mn on 12% expansion in transactions to 181.
The telecom sector’s trade volume soared 70% to 5.32mn stocks and value more than tripled to QR33.12on 52% growth in deals to 978.
There was 26% surge in the consumer goods and services sector’s trade volume to 52mn shares, 70% in value to QR114.37mn and 42% in transactions to 1,832.
The banks and financial services sector’s trade volume was up 3% to 33.19mn equities, value by 70% to QR248.42mn and deals by 6% to 3,531.
In the venture market, both Al Faleh and Mekdam Holding were seen gaining 0.72% and 3.74% respectively.
Local and Gulf retail investors were seen bullish even as the 20-stock Qatar Index declined 15 points or 0.13% to 11,092.9 points, although it touched an intraday high of 11,109 points.
Four of the seven sectors were however under buying spotlight in the market, whose year-to-date gains were at 6.29%.
About 57% of the traded constituents were in the red in the bourse, whose capitalisation declined QR27mn or 0.04% to QR640.02bn, mainly on microcap segments.
The telecom, industrials and real estate counters witnessed higher than average selling pressure in the market, which saw the industrials and consumer goods and services sectors together constitute about 66% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the bourse, where the domestic institutions were increasingly net profit takers.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 21,624 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR53,669 change hands across six deals.
The Total Return Index shrank 0.13% to 21,959.07 points, All Share Index by 0.05% to 3,526.39 points and Al Rayan Islamic Index (Price) by 0.01% to 2,515.68 points in the market which saw no trading of sovereign bonds and treasury bills.
The telecom sector index dipped 0.93%, industrials (0.77%) and realty (0.43%); whereas consumer goods and services gained 0.73%, insurance (0.5%), transport (0.16%) and banks and financial services (0.14%).
Major losers included Zad Holding, Industries Qatar, Investment Holding Group, Ooredoo, Al Khaleej Takaful, QIIB, Gulf International Services, Barwa, United Development Company and Mazaya Qatar.
Nevertheless, Qamco, Qatari German Medical Devices, Doha Bank, Woqod, QLM, QNB, Qatar Oman Investment, Mannai Corporation, Baladna, Qatar Insurance, Ezdan and Milaha were among the gainers.
The domestic funds’ net selling expanded significantly to QR53.97mn compared to QR12.25mn on August 30.
The Gulf institutions turned net sellers to the tune of QR6.18mn against net buyers of QR12.07mn the previous day.
The Arab individuals were net sellers to the extent of QR4.36mn compared with net buyers of QR0.09mn on Monday.
Foreign individuals turned net profit takers to the tune of QR0.6mn against net buyers of QR0.21mn on August 30.
However, the foreign institutions’ net buying grew drastically to QR55.39mn compared to QR11.68mn the previous day.
Local retail investors were net buyers to the extent of QR8.59mn against net sellers of QR11.8mn on Monday.
The Gulf individuals turned net buyers to the tune of QR1.07mn compared with net sellers of QR0.01mn on August 30.
The Arab institutions were seen net buyers to the extent of QR0.07mn against no major net exposure for the last seven consecutive sessions.
Total trade volume fell 6% to 191.66mn shares, while value grew 53% to Q643.65mn and transactions by 5% to 10,857.
The real estate sector’s trade volume plummeted 31% to 15.26mn equities, value by 5% to QR24.98mn and deals by 27% to 806.
The industrials sector reported 28% shrinkage in trade volume to 74.31mn stocks but on 16% increase in value to QR187.06mn despite 11% lower transactions at 3,184.
However, the transport sector’s trade volume grew more than five-fold to 6.62mn shares and value more than quadrupled to QR21.98mn on 64% jump in deals to 345.
The insurance sector’s trade volume more than tripled to 4.97mn equities and value more than doubled to QR13.72mn on 12% expansion in transactions to 181.
The telecom sector’s trade volume soared 70% to 5.32mn stocks and value more than tripled to QR33.12on 52% growth in deals to 978.
There was 26% surge in the consumer goods and services sector’s trade volume to 52mn shares, 70% in value to QR114.37mn and 42% in transactions to 1,832.
The banks and financial services sector’s trade volume was up 3% to 33.19mn equities, value by 70% to QR248.42mn and deals by 6% to 3,531.
In the venture market, both Al Faleh and Mekdam Holding were seen gaining 0.72% and 3.74% respectively.
