The Qatar Stock Exchange Sunday opened the week weak as its key barometer retreated below 12,000 levels despite strong buying interests of domestic funds.
The local retail investors’ weakened net selling notwithstanding, the 20-stock Qatar Index settled 75 points or 0.63% lower 11,965.28 points.
An across the board selling – especially in the insurance, real estate and industrials counters – dragged the market, whose year-to-date gains were however at 14.65%.
More than 82% of the traded constituents extended gains in the market, whose capitalisation saw about QR4bn or 0.54% decrease to QR691.72bn, mainly owing to midcap segments.
The Arab individuals were increasingly net sellers in the bourse, where the industrials and banking sectors together constituted more than 66% of the total trading volume.
The overall trade turnover and volumes were on the decrease in the main market, where the foreign funds’ net buying weakened substantially.
The Gulf institutions’ net buying was seen weakening in the market, which saw a total of 7,445 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR19,647 change hands across three deals.
The Total Return Index shed 0.63% to 23,685.99 points, the All Share Index by 0.5% to 3,790.99 points and the Al Rayan Islamic Index (Price) by 0.65% to 2,663.78 points in the market, which saw as many as 9,999 sovereign bonds valued at QR99.99mn trade across one deal.
The insurance sector index shrank 0.97%, realty (0.73%), industrials (0.63%), banks and financial services (0.44%), consumer goods and services (0.43%), telecom (0.31%) and transport (0.18%).
Major gainers in the main market included Qatar General Insurance and Reinsurance, QLM, Ezdan, Qatar Industrial Manufacturing, Aamal Company, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, Alijarah Holding, Baladna, Industries Qatar, Barwa and Qatar Insurance. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares lose steam.
Nevertheless, Doha Bank, Investment Holding Group, Qatari Investors Group and Vodafone Qatar were among the losers in the main market.
The Arab individuals’ net profit booking increased markedly to QR8.11mn compared to QR1.35mn on November 11.
The foreign institutions’ net buying decreased considerably to QR6.56mn against QR134.24nmn last Thursday.
The Gulf institutions’ net buying shrank notably to QR1.6mn compared to QR8.88mn the previous day.
The Gulf individuals’ net profit booking rose marginally to QR1.22mn against QR0.93mn on November 11.
However, the domestic funds turned net buyers to the tune of QR14.03mn compared with net sellers of QR79.16mn last Thursday.
The Qatari individuals’ net selling weakened substantially to QR12.95mn against QR61.6mn the previous day.
The foreign individuals were net buyers to the extent of QR0.1mn compared with net sellers of QR0.08mn November 11.
The Arab institutions continued to have no major net exposure.
Total trade volume in the main market fell 4% to 119.87mn shares, value by 37% to QR263.82mn and transactions by 35% to 5,672.
The transport sector’s trade volume plummeted 87% to 1.01mn equities, value by 90% to QR4.77mn and deals by 79% to 145.
There was a 76% plunge in the telecom sector’s trade volume to 2.61mn stocks, 80% in value to QR5.34mn and 67% in transactions to 176.
However, the insurance’s sector’s trade volume more than doubled to 1.23mn shares and value also more than doubled to QR3.85mn but on a 7% fall in deals to 92.
The market witnessed an 11% surge in the industrials sector’s trade volume to 48.09mn equities but on a 3% dip in value to QR88.14mn and 18% in transactions to 1,830.
The real estate sector’s trade volume shot up 9% to 17.56mn stocks, value by 13% to QR28.01mn and deals by 5% to 669.
The banks and financial services sector saw a 6% expansion in trade volume to 31.37mn shares but on 44% contraction in value to QR107.3mn and 46% in transactions to 2,051.
The consumer goods and services sector’s trade volume was up 4% to 17.98mn equities, while value shed 22% to QR26.41mn and deals by 8% to 709.
In the venture market, volume more than quadrupled and value rose about six-fold on more than quadrupled transactions.
The local retail investors’ weakened net selling notwithstanding, the 20-stock Qatar Index settled 75 points or 0.63% lower 11,965.28 points.
An across the board selling – especially in the insurance, real estate and industrials counters – dragged the market, whose year-to-date gains were however at 14.65%.
More than 82% of the traded constituents extended gains in the market, whose capitalisation saw about QR4bn or 0.54% decrease to QR691.72bn, mainly owing to midcap segments.
The Arab individuals were increasingly net sellers in the bourse, where the industrials and banking sectors together constituted more than 66% of the total trading volume.
The overall trade turnover and volumes were on the decrease in the main market, where the foreign funds’ net buying weakened substantially.
The Gulf institutions’ net buying was seen weakening in the market, which saw a total of 7,445 exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR19,647 change hands across three deals.
The Total Return Index shed 0.63% to 23,685.99 points, the All Share Index by 0.5% to 3,790.99 points and the Al Rayan Islamic Index (Price) by 0.65% to 2,663.78 points in the market, which saw as many as 9,999 sovereign bonds valued at QR99.99mn trade across one deal.
The insurance sector index shrank 0.97%, realty (0.73%), industrials (0.63%), banks and financial services (0.44%), consumer goods and services (0.43%), telecom (0.31%) and transport (0.18%).
Major gainers in the main market included Qatar General Insurance and Reinsurance, QLM, Ezdan, Qatar Industrial Manufacturing, Aamal Company, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, Alijarah Holding, Baladna, Industries Qatar, Barwa and Qatar Insurance. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares lose steam.
Nevertheless, Doha Bank, Investment Holding Group, Qatari Investors Group and Vodafone Qatar were among the losers in the main market.
The Arab individuals’ net profit booking increased markedly to QR8.11mn compared to QR1.35mn on November 11.
The foreign institutions’ net buying decreased considerably to QR6.56mn against QR134.24nmn last Thursday.
The Gulf institutions’ net buying shrank notably to QR1.6mn compared to QR8.88mn the previous day.
The Gulf individuals’ net profit booking rose marginally to QR1.22mn against QR0.93mn on November 11.
However, the domestic funds turned net buyers to the tune of QR14.03mn compared with net sellers of QR79.16mn last Thursday.
The Qatari individuals’ net selling weakened substantially to QR12.95mn against QR61.6mn the previous day.
The foreign individuals were net buyers to the extent of QR0.1mn compared with net sellers of QR0.08mn November 11.
The Arab institutions continued to have no major net exposure.
Total trade volume in the main market fell 4% to 119.87mn shares, value by 37% to QR263.82mn and transactions by 35% to 5,672.
The transport sector’s trade volume plummeted 87% to 1.01mn equities, value by 90% to QR4.77mn and deals by 79% to 145.
There was a 76% plunge in the telecom sector’s trade volume to 2.61mn stocks, 80% in value to QR5.34mn and 67% in transactions to 176.
However, the insurance’s sector’s trade volume more than doubled to 1.23mn shares and value also more than doubled to QR3.85mn but on a 7% fall in deals to 92.
The market witnessed an 11% surge in the industrials sector’s trade volume to 48.09mn equities but on a 3% dip in value to QR88.14mn and 18% in transactions to 1,830.
The real estate sector’s trade volume shot up 9% to 17.56mn stocks, value by 13% to QR28.01mn and deals by 5% to 669.
The banks and financial services sector saw a 6% expansion in trade volume to 31.37mn shares but on 44% contraction in value to QR107.3mn and 46% in transactions to 2,051.
The consumer goods and services sector’s trade volume was up 4% to 17.98mn equities, while value shed 22% to QR26.41mn and deals by 8% to 709.
In the venture market, volume more than quadrupled and value rose about six-fold on more than quadrupled transactions.