Profit booking pressure weighs on sentiments on QSE
October 24 2021 11:44 PM

The Qatar Stock Exchange Sunday saw more than 53% of the traded constituents extend gains but overall it settled in the negative, mainly dragged by industrials sector.
Local retail investors’ bullish sentiments notwithstanding, the 20-stock Qatar Index settled about 51 points or 0.43% lower at 11,820.72 points, although it touched an intraday high of 11,888 points.
Foreign institutions’ net buying weakened considerably in the bourse, whose year-to-date gains were at 13.27%.
The Islamic index was seen declining slower than the other indices in the market, whose capitalisation saw about QR3bn or 0.4% fall to QR681.68bn, mainly owing to midcap segments.
The domestic institutions continued to be net sellers but with lesser vigour in the bourse, where the industrials and real estate sectors together constituted more than 64% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, where the foreign individuals’ net selling weakened markedly.
The Gulf institutions were increasingly net sellers in the market, which saw a total of 6,348 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR17,112 change hands across eight deals.
The Total Return Index declined 0.43% to 23,399.83 points, the All Share Index by 0.38% to 3,735.23 points and the Al Rayan Islamic Index (Price) by 0.22% to 2,667.18 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index tanked 1.27% and banks and financial services 0.38%; whereas transport gained 0.91%, insurance 90.71%), real estate (0.26%), consumer goods and services (0.21%) and telecom (0.14%).
Major shakers in the main market included Mannai Corporation, Industries Qatar, Ahlibank Qatar, Investment Holding Group, Qatari German Medical Devices, QNB, Qamco, Al Khaleej Takaful and QLM.
Nevertheless, Aamal Company, Ezdan, Nakilat, Qatar Insurance, Salam International Investment, Medicare Group, Mazaya Qatar, Ooredoo and Milaha were among the gainers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding were seen gaining.
The foreign institutions’ net buying declined considerably to QR22.45mn compared to QR108.23mn on October 21.
The Gulf institutions’ net selling increased noticeably to QR6.19mn against QR0.08mn the previous trading day.
The Gulf individuals’ net selling grew perceptibly to QR1.47mn compared to QR0.89mn last Thursday.
The foreign individuals’ net buying weakened notably to QR2.02mn against QR6.94mn on October 21.
The Arab individuals’ net buying eased markedly to QR2.25mn compared to QR5.3mn the previous trading day.
However, the local retail investors turned net buyers to the tune of QR14.72mn against net sellers of QR27.94mn last Thursday.
The domestic funds’ net profit booking declined drastically to QR33.78mn compared to QR91.56mn on October 21.
The Arab institutions had no major net exposure for the eleventh consecutive session.
Total trade volume in the main market fell 10% to 201.38n shares, value by 38% to QR426.09mn and transactions by 39% to 8,553.
The market witnessed a 70% plunge in the insurance’s sector’s trade volume to 1.42mn equities, 77% in value to QR4.42mn and 64% in deals to 168.
The transport sector’s trade volume plummeted 65% to 13.47mn stocks, value by 64% to QR70.95mn and transactions by 57% to 749.
The telecom sector reported a 45% shrinkage in trade volume to 1.79mn shares, 64% in value to QR3.6mn and 87% in deals to 95.
The banks and financial services sector’s trade volume shrank 21% to 20.63mn equities, value by 54% to QR66.84mn and transactions by 60% to 1,626.
There was a 12% contraction in the industrials sector’s trade volume to 72.42mn stocks, 27% in value to QR134.79mn and 33% in deals to 2,488.
However, the real estate sector’s trade volume soared 41% to 56.65mn shares, value by 35% to QR88.12mn and transactions by 16% to 2,239.
The market witnessed a 21% surge in the consumer goods and services sector’s trade volume to 35.01mn equities but on a 10% slip in value to QR57.38mn and 18% in deals to 1,188.
In the venture market, volumes declined 35.65% even as value expanded 54.87% despite 19% lower transactions.

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