The Qatar Stock Exchange witnessed strong buying interests from domestic funds, even as it settled below 11,200 points.
Notwithstanding the bullish grip of the Arab and local retail investors, the 20-stock Qatar Index settled 0.41% lower at 11,178.07 points, although it touched an intraday high of 11,234 points.
Six of the seven sectors, notably banking, were under selling spell in the market, whose year-to-date gains were at 7.11%.
More than 65% of the traded constituents were in the red in the bourse, whose capitalisation saw more than QR3bn or 0.47% decrease to QR645.56bn, mainly due to mid and small cap segments.
Foreign institutions turned net sellers in the market, which saw the industrials and banking sectors together constitute more than 71% of the total trading volume.
The overall trade turnover declined amidst higher volumes in the bourse, where the Gulf institutions continued to be net buyers but with lesser intensity.
The foreign individuals were seen net profit takers in the market, which saw a total of 11,511 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR29,418 change hands across six deals.
The Total Return Index shrank 0.41% to 22,127.66 points, Al Rayan Islamic Index (Price) by 0.38% to 2,550.76 points and All Share Index by 0.44% to 3,540.94 points in the market, which saw no trading of sovereign bonds and treasury bills.
The banks and financial services sector index declined 0.59%, transport (0.37%), insurance (0.32%), industrials (0.3%), consumer goods and services (0.22%) and telecom (0.22%); while real estate gained 0.08%.
Major shakers included Mesaieed Petrochemical Industries, Investment Holding Group, Widam Food, Gulf International Services, Zad Holding, QIIB, QNB, Doha Bank, Industries Qatar, Qamco, Qatar Insurance and Milaha.
Nevertheless, Qatar Electricity and Water, Qatar First Bank, Doha Insurance, Mannai Corporation, Qatar Industrial Manufacturing, Aamal Company and United Development Company were among the gainers.
The foreign institutions turned net sellers to the tune of QR39.22mn compared with net buyers of QR10.82mn on September 19.
The foreign individuals were net sellers to the extent of QR2.73mn against net buyers of QR4.02mn the previous day.
The Gulf individuals turned net sellers to the tune of QR0.96mn compared with net buyers of QR1.14mn on Sunday.
The Arab funds were net profit takers to the extent of QR0.13mn against no major net exposure for the previous four sessions.
The Gulf institutions’ net buying declined noticeably to QR1.83mn compared to QR6.89mn on September 19.
However, the domestic institutions turned net buyers to the tune of QR22.97mn against net sellers of QR3.03mn the previous day.
The Arab individuals were net buyers to the extent of QR11.47mn compared with net sellers of QR1mn on Sunday.
Local retail investors were net buyers to the tune of QR6.79mn against net profit takers of QR18.83mn on September 19.
Total trade volume rose 5% to 152.18mn shares, while value fell 2% to QR373.16mn despite 29% higher transactions at 9,715.
The real estate sector’s trade volume soared 41% to 13.43mn equities, value by 22% to QR19.15mn and deals by 18% to 924.
There was 14% surge in the industrials sector’s trade volume to 84.26mn stocks but on 11% shrinkage in value to QR166.55mn despite 24% higher transactions at 3,213.
The banks and financial services sector’s trade volume zoomed 12% to 23.82mn shares, value by 53% to QR110.85mn and deals by 78% to 3,243.
The market witnessed 8% jump in the telecom sector’s trade volume to 7.66mn equities but on 21% decline in value to QR29.02mn and 12% in transactions to 1,013.
However, the insurance sector’s trade volume plummeted 85% to 1.24mn stocks, value by 83% to QR3.61mn and deals by 1% to 99.
The consumer goods and services sector saw 13% plunge in trade volume to 19.81mn shares and 15% in value to QR35.9mn but on 14% expansion in transactions to 932.
The transport sector’s trade volume was down 3% to 1.95mn equities, whereas value grew 12% to QR8.08mn and deals by 15% to 291.
In the venture market, Al Faleh and Mekdam Holding equities were seen declining 0.06% and 0.1% respectively.