The Qatar Stock Exchange on Monday witnessed buying interests in the Islamic equities but overall it settled in the negative for the second straight session.
The increased buying interests of foreign and Gulf funds notwithstanding, the 20-stock Qatar Index settled 12 points or 0.1% lower at 11,752.58 points, having touched an intraday high of 11,813 points.
Local retail investors were seen bullish in the bourse, whose year-to-date gains were at 12.62%.
The consumer goods, telecom, transport, industrials and insurance counters witnessed higher than average selling pressure in the market, whose capitalisation saw more than QR1bn or 0.2% decrease to QR678.4bn, mainly owing to mid and small cap segments.
The domestic institutions were increasingly into net profit booking in the bourse, where the industrials and banking sectors together constituted about 53% of the total trading volume.
The overall trade turnover grew amidst lower volumes in the main market, where the foreign individuals turned net sellers.
The Arab individuals continued to be net buyers but with lesser intensity in the market, which saw a total of 5,898 exchange traded funds (Masraf Al Rayan sponsored QATR) valued at QR15,310 change hands across three deals.
The Total Return Index was down 0.1% to 23,264.95 points and All Share Index by 0.21% to 3,719.49 points, while Al Rayan Islamic Index (Price) rose 0.09% to 2,619.47 points in the market, which saw no trading of sovereign bonds and treasury bills.
The consumer goods and services sector index declined 0.87%, telecom (0.77%), transport (0.62%), industrials (0.6%) and insurance (0.25%); while real estate gained 0.58% and banks and financial services (0.06%).
More than 53% of the traded constituents in the main market were in the red with major losers being Doha Bank, Qatari Investors Group, Industries Qatar, Doha Insurance, Inma Holding, Woqod, Baladna, Al Khaleej Takaful, QLM, Mazaya Qatar, Ezdan, Vodafone Qatar and Nakilat.
Nevertheless, Mesaieed Petrochemical Holding, Qatar National Cement, Qamco, Qatar First Bank, Masraf Al Rayan, Commercial Bank, Barwa and United Development Company were among the movers in the main market. In the venture market, Mekdam Holding shares extended gains.
The domestic funds’ net selling increased drastically to QR93.68mn compared to QR29.84mn on October 31.
The foreign individuals turned net sellers to the tune of QR5.81mn against net buyers of QR4.66mn on Sunday.
The Arab individuals’ net buying declined noticeably to QR2.84mn compared to QR8.1mn the previous day.
However, the foreign institutions’ net buying grew significantly to QR49.62mn against QR26.41mn on October 31.
The local retail investors were net buyers to the extent of QR35.59mn compared with net sellers of QR11.54mn on Sunday.
The Gulf institutions’ net buying strengthened markedly to QR10.58mn against QR1.4mn the previous day.
The Gulf individuals’ net buying increased marginally to QR0.85mn compared to QR0.8mn on October 31.
The Arab institutions continued to have no major net exposure for the third straight session.
Total trade volume in the main market fell 4% to 163.3mn shares, while value rose 23% to QR560.52mn and transactions by 65% to 12,878.
The telecom sector’s trade volume plummeted 78% to 3.1mn equities, value by 73% to QR9.07mn and deals by 62% to 345.
There was 50% plunge in the insurance’s sector’s trade volume to 1.09mn stocks, 44% in value to QR3.6mn and 44% in transactions to 99.
The consumer goods and services sector’s trade volume tanked 23% to 25.54mn shares, value by 30% to QR49.45mn and deals by 6% to 1,175.
The banks and financial services sector saw 9% shrinkage in trade volume to 36.11mn equities but on 42% growth in value to QR203.5mn amidst almost tripled transactions to 6,202.
The industrials sector’s trade volume was down 6% to 50.22mn stocks, whereas value shot up 6% to QR123.8mn and deals by 33% to 2,756.
However, the market witnessed 79% surge in the real estate sector’s trade volume to 28.37mn shares, 92% in value to QR44.46mn and 64% in transactions to 874.
The transport sector’s trade volume expanded 48% to 18.68mn equities and value more than doubled to QR126.65mn on more than doubled deals to 1,427.
In the venture market, volume, value and transactions were seen tumbling 24.76%, 52.68% and 9.52% respectively.