The Qatar Stock Exchange Thursday snapped three days of bullish run to settle below 11,600 levels, mainly dragged by industrials.
Foreign institutions continued to be net buyers but with lesser intensity as the 20-stock Qatar Index settled 72 points or 0.62% lower 11,535.21 points.
The Gulf and Arab funds were seen net profit takers in the bourse, whose year-to-date gains were at 10.53%.
More than 65% of the traded constituents were in the red in the market, whose capitalisation eroded more than QR4bn or 0.62% to QR666.08bn, mainly on midcap segments.
The Islamic index was seen gaining slower than the other indices in the bourse, where the industrials and consumer goods sectors together constituted about 62% of the total trading volume.
The overall trade turnover and volumes were on the decline in the main market, where the domestic funds and local retail investors continued to be net sellers but with lesser intensity.
Five of the seven sectors experienced selling pressure in the market, which saw a total of 104,679 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR323,515 change hands across 24 deals.
The Total Return Index declined 0.62% to 22,834.64 points, the Al Rayan Islamic Index (Price) by 0.45% to 2,617.55 points and the All Share Index by 0.51% to 3,646.59 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index shrank 1.34%, banks and financial services (0.4%), realty (0.37%), transport (0.36%) and consumer goods and services (0.27%); whereas insurance and telecom gained 1.16% and 0.41% respectively.
Major losers in the main market included Industries Qatar, Ezdan, QNB, Alijarah Holding, Doha Bank, Ahlibank Qatar, Al Khaleej Takaful, QIIB, Al Meera, Investment Holding Group, Nakilat and United Development Company. Al Faleh Educational Holding was the loser in the venture market.
However, Qatari German Medical Devices, Qatar Insurance, Qatar Industrial Manufacturing, Gulf International Services, Vodafone Qatar, Mazaya Qatar and Ooredoo were among the gainers in the main market. In the junior bourse, it was Mekdam Holding.
The Gulf institutions turned net sellers to the tune of QR3.82mn compared with net buyers of QR19.32mn on October 6.
The Arab institutions were net sellers to the extent of QR0.69mn against net buyers of QR0.29mn on Wednesday.
The foreign institutions’ net buying decreased significantly to QR43.76mn compared to QR97.22mn the previous day.
However, the Arab individuals turned net buyers to the tune of QR5.73mn against net sellers of QR5.65mn on October 6.
The foreign individuals were net buyers to the extent of QR2.01mn compared with net sellers of QR5.23mn on Wednesday.
The Gulf individuals turned net buyers to the tune of QR1.06mn against net profit takers of QR2.8mn the previous day.
The local retail investors’ net selling weakened substantially to QR14.72mn compared to QR66.58mn on October 6.
The domestic funds’ net profit booking eased perceptibly to QR33.32mn against QR36.57mn on Wednesday.
Total trade volume in the main market fell 27% to 165.31mn shares, value by 39% to QR404.5mn and transactions by 36% to 8,662.
Nevertheless, the venture market saw volume more than double and value increase about seven-fold amidst a 42% increase in deals.
In the main market, the insurance’s sector’s trade volume plummeted 66% to 4.05mn equities and value by 60% to QR12.4mn, while transactions rose 12% to 252.
The banks and financial services sector saw a 55% plunge in trade volume to 27.97mn stocks, 62% in value to QR112.33mn and 60% in deals to 2,671.
The transport sector’s trade volume tanked 41% to 8.34mn shares, value by 41% to QR33.34mn and transactions by 65% to 378.
There was a 19% shrinkage in the industrials sector’s trade volume to 70.06mn equities, 19% in value to QR151.59mn and 4% in deals to 3,101.
The real estate sector’s trade volume shrank 8% to 15.91mn stocks, value by 29% to QR21.91mn and transactions by 10% to 650.
The consumer goods and services sector reported less than 1% fall in trade volume to 31.85mn shares, while value grew 6% to QR55.86mn amidst 10% lower deals to 1,072.
However, the telecom sector’s trade volume almost tripled to 7.13mn equities and value more than doubled to QR17.08mn on a 52% jump in transactions to 538.
Foreign institutions continued to be net buyers but with lesser intensity as the 20-stock Qatar Index settled 72 points or 0.62% lower 11,535.21 points.
The Gulf and Arab funds were seen net profit takers in the bourse, whose year-to-date gains were at 10.53%.
More than 65% of the traded constituents were in the red in the market, whose capitalisation eroded more than QR4bn or 0.62% to QR666.08bn, mainly on midcap segments.
The Islamic index was seen gaining slower than the other indices in the bourse, where the industrials and consumer goods sectors together constituted about 62% of the total trading volume.
The overall trade turnover and volumes were on the decline in the main market, where the domestic funds and local retail investors continued to be net sellers but with lesser intensity.
Five of the seven sectors experienced selling pressure in the market, which saw a total of 104,679 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR323,515 change hands across 24 deals.
The Total Return Index declined 0.62% to 22,834.64 points, the Al Rayan Islamic Index (Price) by 0.45% to 2,617.55 points and the All Share Index by 0.51% to 3,646.59 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index shrank 1.34%, banks and financial services (0.4%), realty (0.37%), transport (0.36%) and consumer goods and services (0.27%); whereas insurance and telecom gained 1.16% and 0.41% respectively.
Major losers in the main market included Industries Qatar, Ezdan, QNB, Alijarah Holding, Doha Bank, Ahlibank Qatar, Al Khaleej Takaful, QIIB, Al Meera, Investment Holding Group, Nakilat and United Development Company. Al Faleh Educational Holding was the loser in the venture market.
However, Qatari German Medical Devices, Qatar Insurance, Qatar Industrial Manufacturing, Gulf International Services, Vodafone Qatar, Mazaya Qatar and Ooredoo were among the gainers in the main market. In the junior bourse, it was Mekdam Holding.
The Gulf institutions turned net sellers to the tune of QR3.82mn compared with net buyers of QR19.32mn on October 6.
The Arab institutions were net sellers to the extent of QR0.69mn against net buyers of QR0.29mn on Wednesday.
The foreign institutions’ net buying decreased significantly to QR43.76mn compared to QR97.22mn the previous day.
However, the Arab individuals turned net buyers to the tune of QR5.73mn against net sellers of QR5.65mn on October 6.
The foreign individuals were net buyers to the extent of QR2.01mn compared with net sellers of QR5.23mn on Wednesday.
The Gulf individuals turned net buyers to the tune of QR1.06mn against net profit takers of QR2.8mn the previous day.
The local retail investors’ net selling weakened substantially to QR14.72mn compared to QR66.58mn on October 6.
The domestic funds’ net profit booking eased perceptibly to QR33.32mn against QR36.57mn on Wednesday.
Total trade volume in the main market fell 27% to 165.31mn shares, value by 39% to QR404.5mn and transactions by 36% to 8,662.
Nevertheless, the venture market saw volume more than double and value increase about seven-fold amidst a 42% increase in deals.
In the main market, the insurance’s sector’s trade volume plummeted 66% to 4.05mn equities and value by 60% to QR12.4mn, while transactions rose 12% to 252.
The banks and financial services sector saw a 55% plunge in trade volume to 27.97mn stocks, 62% in value to QR112.33mn and 60% in deals to 2,671.
The transport sector’s trade volume tanked 41% to 8.34mn shares, value by 41% to QR33.34mn and transactions by 65% to 378.
There was a 19% shrinkage in the industrials sector’s trade volume to 70.06mn equities, 19% in value to QR151.59mn and 4% in deals to 3,101.
The real estate sector’s trade volume shrank 8% to 15.91mn stocks, value by 29% to QR21.91mn and transactions by 10% to 650.
The consumer goods and services sector reported less than 1% fall in trade volume to 31.85mn shares, while value grew 6% to QR55.86mn amidst 10% lower deals to 1,072.
However, the telecom sector’s trade volume almost tripled to 7.13mn equities and value more than doubled to QR17.08mn on a 52% jump in transactions to 538.