The Qatar Stock Exchange on Sunday opened the week weak as its key index fell 0.35% to settle below the 11,800 levels despite strong buying in the telecom and transport sectors.
The bullish outlook of the Arab individuals notwithstanding, the 20-stock Qatar Index settled 42 points lower at 11,764.77 points, having touched an intraday high of 11,808 points.
The foreign institutions continued to be net buyers but with lesser intensity in the bourse, whose year-to-date gains were at 12.73%.
The real estate and consumer goods counters witnessed higher than average selling pressure in the market, whose capitalisation saw more than QR2bn or 0.33% decrease to QR679.76bn, mainly owing to mid and microcap segments.
The domestic institutions’ net profit booking weakened considerably in the bourse, where the industrials, banking and consumer goods sectors together constituted about 74% of the total trading volume.
The overall trade turnover declined amidst higher volumes in the main market, where the Gulf institutions’ net buying weakened significantly.
The foreign individuals were increasingly into net buying in the market, which saw a total of 35,545 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR168,888 change hands across 10 deals.
The Total Return Index shrank 0.35% to 23,289.07 points, the All Share Index by 0.24% to 3,727.18 points and the Al Rayan Islamic Index (Price) by 0.98% to 2,617.08 points in the market, which saw no trading of sovereign bonds and treasury bills.
The realty sector index tanked 1.79%, consumer goods and services (0.54%) and banks and financial services (0.35%); while telecom gained 1.02%, transport (0.36%), insurance (0.05%) and industrials (0.03%).
About 59% of the traded constituents in the main market were in the red with major losers being Mesaieed Petrochemical Holding, Baladna, United Development Company, Mannai Corporation, Investment Holding Group, Qatar Islamic Bank, QIIB, Qatar First Bank, Qatar National Cement, Qamco, QLM and Barwa.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding were in the negative turf.
Nevertheless, Doha Bank, Commercial Bank, Industries Qatar, Vodafone Qatar, Gulf International Services, Ooredoo, Qatar General Insurance and Reinsurance, Gulf Warehousing and Nakilat were among the gainers in the main market.
The Gulf institutions’ net buying decreased substantially to QR1.4mn compared to QR177.41mn on October 28.
The foreign institutions’ net buying fell significantly to QR26.41mn against QR42.65mn the previous trading day.
The Gulf individuals’ net buying weakened marginally to QR0.8mn compared to QR1.5mn last Thursday.
However, the Arab individuals turned net buyers to the tune of QR8.1mn against net sellers of QR16.24mn on October 28.
The foreign individuals’ net buying strengthened perceptibly to QR4.66mn compared to QR2.04mn the previous day.
The domestic funds’ net selling declined drastically to QR29.84mn against QR194.57mn last Thursday.
The local retail investors’ net profit booking eased marginally to QR11.54mn compared to QR12.79mn on October 28.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume in the main market rose 1% to 170.71mn shares, while value declined 30% to QR457.27mn and transactions by 30% to 7,788.
The telecom sector’s trade volume more than tripled to 13.95mn equities and value zoomed 30% to QR34.05mn, whereas deals shrank 21% to 914.
There was a 29% surge in the transport sector’s trade volume to 12.65mn stocks, 20% in value to QR62.64mn and 6% in transactions to 626.
The consumer goods and services sector’s trade volume shot up 10% to 33.18mn shares, value by 3% to QR70.47mn and deals by 2% to 1,249.
The banks and financial services sector saw a 7% jump in trade volume to 39.69mn equities but on a 54% shrinkage in value to QR143.48mn and 47% in transactions to 2,211.
However, the insurance’s sector’s trade volume plummeted 42% to 2.19mn stocks, value by 36% to QR6.42mn and deals by 22% to 177.
The market witnessed a 21% plunge in the industrials sector’s trade volume to 53.2mn shares, 30% in value to QR117.02mn and 36% in transactions to 2,079.
The real estate sector’s trade volume was down 1% to 15.85mn equities, while value grew 13% to QR23.19mn amidst 9% lower deals at 532.
The bullish outlook of the Arab individuals notwithstanding, the 20-stock Qatar Index settled 42 points lower at 11,764.77 points, having touched an intraday high of 11,808 points.
The foreign institutions continued to be net buyers but with lesser intensity in the bourse, whose year-to-date gains were at 12.73%.
The real estate and consumer goods counters witnessed higher than average selling pressure in the market, whose capitalisation saw more than QR2bn or 0.33% decrease to QR679.76bn, mainly owing to mid and microcap segments.
The domestic institutions’ net profit booking weakened considerably in the bourse, where the industrials, banking and consumer goods sectors together constituted about 74% of the total trading volume.
The overall trade turnover declined amidst higher volumes in the main market, where the Gulf institutions’ net buying weakened significantly.
The foreign individuals were increasingly into net buying in the market, which saw a total of 35,545 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR168,888 change hands across 10 deals.
The Total Return Index shrank 0.35% to 23,289.07 points, the All Share Index by 0.24% to 3,727.18 points and the Al Rayan Islamic Index (Price) by 0.98% to 2,617.08 points in the market, which saw no trading of sovereign bonds and treasury bills.
The realty sector index tanked 1.79%, consumer goods and services (0.54%) and banks and financial services (0.35%); while telecom gained 1.02%, transport (0.36%), insurance (0.05%) and industrials (0.03%).
About 59% of the traded constituents in the main market were in the red with major losers being Mesaieed Petrochemical Holding, Baladna, United Development Company, Mannai Corporation, Investment Holding Group, Qatar Islamic Bank, QIIB, Qatar First Bank, Qatar National Cement, Qamco, QLM and Barwa.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding were in the negative turf.
Nevertheless, Doha Bank, Commercial Bank, Industries Qatar, Vodafone Qatar, Gulf International Services, Ooredoo, Qatar General Insurance and Reinsurance, Gulf Warehousing and Nakilat were among the gainers in the main market.
The Gulf institutions’ net buying decreased substantially to QR1.4mn compared to QR177.41mn on October 28.
The foreign institutions’ net buying fell significantly to QR26.41mn against QR42.65mn the previous trading day.
The Gulf individuals’ net buying weakened marginally to QR0.8mn compared to QR1.5mn last Thursday.
However, the Arab individuals turned net buyers to the tune of QR8.1mn against net sellers of QR16.24mn on October 28.
The foreign individuals’ net buying strengthened perceptibly to QR4.66mn compared to QR2.04mn the previous day.
The domestic funds’ net selling declined drastically to QR29.84mn against QR194.57mn last Thursday.
The local retail investors’ net profit booking eased marginally to QR11.54mn compared to QR12.79mn on October 28.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume in the main market rose 1% to 170.71mn shares, while value declined 30% to QR457.27mn and transactions by 30% to 7,788.
The telecom sector’s trade volume more than tripled to 13.95mn equities and value zoomed 30% to QR34.05mn, whereas deals shrank 21% to 914.
There was a 29% surge in the transport sector’s trade volume to 12.65mn stocks, 20% in value to QR62.64mn and 6% in transactions to 626.
The consumer goods and services sector’s trade volume shot up 10% to 33.18mn shares, value by 3% to QR70.47mn and deals by 2% to 1,249.
The banks and financial services sector saw a 7% jump in trade volume to 39.69mn equities but on a 54% shrinkage in value to QR143.48mn and 47% in transactions to 2,211.
However, the insurance’s sector’s trade volume plummeted 42% to 2.19mn stocks, value by 36% to QR6.42mn and deals by 22% to 177.
The market witnessed a 21% plunge in the industrials sector’s trade volume to 53.2mn shares, 30% in value to QR117.02mn and 36% in transactions to 2,079.
The real estate sector’s trade volume was down 1% to 15.85mn equities, while value grew 13% to QR23.19mn amidst 9% lower deals at 532.
