An across the board profit booking, especially in the industrials and transport counters, yesterday dragged the Qatari bourse by 128 points.
The Arab and foreign retail investors were seen bearish as the 20-stock Qatar Index fell 1.08% to 11,706.4 points, having touched an intraday high of 11,836 points.
The foreign institutions’ weakened net buying also had its influence in the bourse, whose year-to-date gains were trimmed to 12.17%.
The Islamic index was seen declining slower than the main barometer in the market, whose capitalisation saw more than QR6bn or 0.91% decrease to QR675.52bn, mainly owing to mid and small cap segments.
However, local retail investors were seen bullish in the bourse, where the industrials and banking 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 institutions continued to be net sellers but with lesser intensity.
The Gulf individuals were increasingly net buyers in the market, which saw a total of 34,607 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR325,931 change hands across nine deals.
The Total Return Index shrank 1.08% to 23,173.51 points, the All Share Index by 0.94% to 3,701.53 points and the Al Rayan Islamic Index (Price) by 1.03% to 2,635.51 points in the market, which saw no trading of sovereign bonds and treasury bills.
The industrials sector index declined 1.6%, transport (1.41%), banks and financial services (0.75%), real estate (0.75%), telecom (0.66%), insurance (0.51%) and consumer goods and services (0.4%).
More than 82% of the traded constituents in the main market were in the red with major losers being Industries Qatar, Nakilat, Investment Holding Group, Mesaieed Petrochemical Holding, Qamco, Vodafone Qatar, Qatari German Medical Devices, Mannai Corporation, Doha Bank, QIIB, Masraf Al Rayan and Salam International Investment. Mekdam Holding was seen losing its sheen in the venture market.
Nevertheless, Gulf International Services, Aamal Company, Gulf Warehousing, Baladna and Widam Food were among the gainers in the main market. Al Faleh Educational Holding saw its stocks appreciate in value in the juniour bourse.
The Arab individuals turned net sellers to the tune of QR7.8mn compared with net buyers of QR5.5mn on October 25.
The foreign individuals were net sellers to the extent of QR2.54mn against net buyers of QR3.69mn the previous day.
The foreign institutions’ net buying declined considerably to QR3.09mn compared to QR58.46mn on Monday.
The Gulf institutions’ net buying also weakened markedly to QR20.74mn against QR25.77mn on October 25.
However, Qatari individuals turned net buyers to the tune of QR14.42mn compared with net sellers of QR42.98mn the previous day.
The domestic funds’ net profit booking weakened drastically to QR28.41mn against QR50.55mn on Monday.
The Gulf individuals’ net buying strengthened marginally to QR0.52mn compared to QR0.12mn on October 25.
The Arab institutions had no major net exposure for the thirteenth consecutive session.
Total trade volume in the main market fell 24% to 149.04mn shares, value by 15% to QR462.58mn and transactions by 9% to 11,934.
There was 36% plunge in the transport sector’s trade volume to 7.37mn equities, 33% in value to QR31.91mn and 21% in deals to 709.
The industrials sector’s trade volume plummeted 36% to 65.99mn stocks, value by 24% to QR168mn and transactions by 15% to 3,355.
The consumer goods and services sector saw 24% shrinkage in trade volume to 23.41mn shares, 17% in value to QR46.27mn and 13% in deals to 1,125.
The banks and financial services sector’s trade volume tanked 11% to 26.28mn equities, whereas value was up 2% to QR167.17mn amidst 4% dip in transactions to 5,212.
The market witnessed 5% contraction in the insurance’s sector’s trade volume to 1.49mn stocks but on 9% jump in value to QR5.55mn despite 18% lower deals at 108.
However, the telecom sector’s trade volume shot up 23% to 4.53mn shares, while value declined 40% to QR13.41mn even as transactions were up 15% to 561.
The real estate sector reported 16% expansion in trade volume to 19.97mn equities and 15% in value to QR30.27mn but on 14% cut in deals to 864.
In the venture market, volumes and value were seen declining 63.86% and 14.55% amidst 40% growth in transactions.
 
 
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