The Qatar Stock Exchange, which opened the week on a stronger note to breach the 11,500 levels intraday, however could not sustain the bullish momentum as it finally closed 22 points lower.
Notwithstanding the bullish grip of the domestic funds, the 20-stock Qatar Index settled 0.19% lower at 11,462.96 points, having touched a high of 11,567 points.
The banking and real estate counters witnessed higher than average net selling in the bourse, whose year-to-date gains were at 9.81%.
Nevertheless, more than 52% of the traded constituents extended gains to investors in the market, whose capitalisation eroded more than QR1bn or 0.17% to QR660.12bn, mainly on microcap segments.
The Islamic index was seen declining slower than the other indices in the bourse, where the industrials and banking sectors together constituted about 49% of the total trading volume.
The overall trade turnover and volumes were on the decline in the main market, where the foreign funds were seen net profit takers.
Both Arab and foreign retail investors turned net buyers in the market, which saw a total of 40,278 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR411,575 change hands across five deals.
The Total Return Index declined 0.19% to 22,691.62 points, Al Rayan Islamic Index (Price) by 0.01% to 2,603.55 points and All Share Index by 0.16% to 3,614.72 points in the market, which saw no trading of sovereign bonds and treasury bills.
The banks and financial services sector index shrank 0.48%, real estate (0.22%) and industrials (0.02%); while telecom gained 0.83%, transport (0.81%), insurance (0.61%) and consumer goods and services (0.15%).
Major losers in the main market included Qatar Industrial Manufacturing, Doha Insurance, Qatari Investors Group, Al Khaleej Takaful, QNB, Qatar Islamic Bank and Barwa. In the venture market, it was Mekdam Holding.
Nevertheless, more than 52% of the traded constituents extended gains with major movers being Qatar General Insurance and Reinsurance, Vodafone Qatar, al khaliji, Alijarah Holding, Qatar First Bank, Medicare Group, Mazaya Qatar, Milaha and Nakilat.
The foreign funds turned net sellers to the tune of QR13.65mn compared with net buyers of QR120.53mn on September 30.
The Gulf institutions were net sellers to the extent of QR3.28mn against net buyers of QR4.43mn the previous trading day.
However, the domestic funds turned net buyers to the tune of QR11.77mn compared with net sellers of QR71.73mn last Thursday.
The Arab individuals were net buyers to the extent of QR6.37mn against net profit takers of QR1.07mn on September 30.
The foreign individuals turned net buyers to the tune of QR3.85mn compared with net sellers of QR1.44mn the previous trading day.
The local retail investors’ net selling declined significantly to QR4.08mn against QR48.75mn last Thursday.
The Gulf individuals’ net profit booking weakened perceptibly to QR0.97mn compared to QR1.97mn on September 30.
The Arab funds had no major net exposure for the ninth straight session.
Total trade volume in the main market fell 16% to 130.76mn shares, value by 47% to QR324.46mn and transactions by 57% to 5,667. The venture market had seen 62%, 11% and 4% in volume, value and deals respectively.
In the main market, the transport sector’s trade volume plummeted 63% to 6.09mn equities, value by 63% to QR24.77mn and transactions by 51% to 466.
There was a 53% plunge in the insurance’s sector’s trade volume to 2.73mn stocks, 52% in value to QR7.53mn and 69% in deals to 100.
The banks and financial services sector’s trade volume tanked 45% to 22.61mn shares, value by 73% to QR69.95mn and transactions by 68% to 1,458.
The consumer goods and services sector saw 28% shrinkage in trade volume to 15.06mn equities, 2% in value to QR51.57mn and 59% in deals to 610.
The industrials sector’s trade volume shrank 15% to 41.14mn stocks, value by 30% to QR102.71mn and transactions by 50% to 1,705.
However, the telecom sector’s trade volume more than doubled to 22.01mn shares, whereas value dipped 4% to QR42.24mn and deals by 60% to 682.
The market witnessed 78% surge in the real estate sector’s trade volume to 21.12mn equities and 13% in value to QR25.69mn but on 20% contraction in transactions to 646.
Notwithstanding the bullish grip of the domestic funds, the 20-stock Qatar Index settled 0.19% lower at 11,462.96 points, having touched a high of 11,567 points.
The banking and real estate counters witnessed higher than average net selling in the bourse, whose year-to-date gains were at 9.81%.
Nevertheless, more than 52% of the traded constituents extended gains to investors in the market, whose capitalisation eroded more than QR1bn or 0.17% to QR660.12bn, mainly on microcap segments.
The Islamic index was seen declining slower than the other indices in the bourse, where the industrials and banking sectors together constituted about 49% of the total trading volume.
The overall trade turnover and volumes were on the decline in the main market, where the foreign funds were seen net profit takers.
Both Arab and foreign retail investors turned net buyers in the market, which saw a total of 40,278 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR411,575 change hands across five deals.
The Total Return Index declined 0.19% to 22,691.62 points, Al Rayan Islamic Index (Price) by 0.01% to 2,603.55 points and All Share Index by 0.16% to 3,614.72 points in the market, which saw no trading of sovereign bonds and treasury bills.
The banks and financial services sector index shrank 0.48%, real estate (0.22%) and industrials (0.02%); while telecom gained 0.83%, transport (0.81%), insurance (0.61%) and consumer goods and services (0.15%).
Major losers in the main market included Qatar Industrial Manufacturing, Doha Insurance, Qatari Investors Group, Al Khaleej Takaful, QNB, Qatar Islamic Bank and Barwa. In the venture market, it was Mekdam Holding.
Nevertheless, more than 52% of the traded constituents extended gains with major movers being Qatar General Insurance and Reinsurance, Vodafone Qatar, al khaliji, Alijarah Holding, Qatar First Bank, Medicare Group, Mazaya Qatar, Milaha and Nakilat.
The foreign funds turned net sellers to the tune of QR13.65mn compared with net buyers of QR120.53mn on September 30.
The Gulf institutions were net sellers to the extent of QR3.28mn against net buyers of QR4.43mn the previous trading day.
However, the domestic funds turned net buyers to the tune of QR11.77mn compared with net sellers of QR71.73mn last Thursday.
The Arab individuals were net buyers to the extent of QR6.37mn against net profit takers of QR1.07mn on September 30.
The foreign individuals turned net buyers to the tune of QR3.85mn compared with net sellers of QR1.44mn the previous trading day.
The local retail investors’ net selling declined significantly to QR4.08mn against QR48.75mn last Thursday.
The Gulf individuals’ net profit booking weakened perceptibly to QR0.97mn compared to QR1.97mn on September 30.
The Arab funds had no major net exposure for the ninth straight session.
Total trade volume in the main market fell 16% to 130.76mn shares, value by 47% to QR324.46mn and transactions by 57% to 5,667. The venture market had seen 62%, 11% and 4% in volume, value and deals respectively.
In the main market, the transport sector’s trade volume plummeted 63% to 6.09mn equities, value by 63% to QR24.77mn and transactions by 51% to 466.
There was a 53% plunge in the insurance’s sector’s trade volume to 2.73mn stocks, 52% in value to QR7.53mn and 69% in deals to 100.
The banks and financial services sector’s trade volume tanked 45% to 22.61mn shares, value by 73% to QR69.95mn and transactions by 68% to 1,458.
The consumer goods and services sector saw 28% shrinkage in trade volume to 15.06mn equities, 2% in value to QR51.57mn and 59% in deals to 610.
The industrials sector’s trade volume shrank 15% to 41.14mn stocks, value by 30% to QR102.71mn and transactions by 50% to 1,705.
However, the telecom sector’s trade volume more than doubled to 22.01mn shares, whereas value dipped 4% to QR42.24mn and deals by 60% to 682.
The market witnessed 78% surge in the real estate sector’s trade volume to 21.12mn equities and 13% in value to QR25.69mn but on 20% contraction in transactions to 646.
