Heavy profit booking, especially in the industrials and real estate counters, Monday dragged the Qatar Stock Exchange more than 100 points and its key barometer slipped below 10,900 levels.
Nevertheless, domestic institutions were seen increasingly into net buying even as the 20-stock Qatar Index lost a sizeable 103 points or 0.87% to 11,810.61 points, a straight decline for the fourth straight session.
The Gulf individuals were seen bullish, albeit at lower levels, in the market, whose year-to-date gains were at 13.17%.
About 70% of the traded constituents were in the red in the bourse, which saw the market touch an intraday high of 11,912 points.
The foreign funds were seen bearish in the market, whose capitalisation saw more than QR6bn or 0.89% decline to QR680.89bn, mainly on midcap segments.
The local retail investors were increasingly into net profit booking in the bourse, where the industrials and banking sectors together constituted more than 61% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, where the Gulf funds were increasingly net sellers.
The Arab individuals continued to be net profit takers but with lesser intensity in the market, which saw a total of 80,822 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR659,878 trade across 16 deals.
The Total Return Index declined 0.87% to 23,379.82 points, All Share Index by 0.8% to 3,740.64 points and Al Rayan Islamic Index (Price) by 0.84% to 2,627.5 points.
The industrials index tanked 1.78%, realty (1.12%), banks and financial services (0.66%), insurance (0.62%) and telecom (0.21%); while transport gained 0.32% and consumer goods and services 0.13%.
Major losers in the main market included Qatar General Insurance and Reinsurance, Mannai Corporation, Industries Qatar, United Development Company, Gulf International Services, Doha Bank, Masraf Al Rayan, Salam International Investment, Aamal Company, QLM and Ezdan. In the venture market, Mekdam Holding shares lost their sheen.
Nevertheless, Widam Food, Qatar Cinema and Film Distribution, Zad Holding, Qatar Industrial Manufacturing, Al Meera Consumer Goods, Nakilat, Gulf Warehousing and Qatar First Bank were among the gainers in the main market.
The local retail investors’ net selling grew markedly to QR28.52mn against QR12.86mn on November 21.
The foreign funds turned net sellers to the tune of QR17.67mn compared with net buyers of QR13.11mn on Sunday.
The Gulf institutions’ net selling increased noticeably to QR10.36mn against QR5.39mn the previous day.
The foreign individuals’ net buying eased marginally to QR0.29mn compared to QR1.58mn on November 21.
However, the domestic funds’ net buying grew considerably to QR61.04mn against QR20.22mn on Sunday.
The Gulf individuals were net buyers to the extent of QR0.82mn compared with net sellers of QR0.75mn the previous day.
The Arab individuals’ net selling weakened significantly to QR5.6mn against QR15.92mn on November 21.
The Arab institutions continued to have no major net exposure for the fifth consecutive day.
Total trade volume in the main market rose 17% to 109.88mn shares, value by 47% to QR339.26mn and transactions by 72% to 8,977.
The telecom sector’s trade volume grew more than five-fold to 5.92mn equities and value by more than six-fold to QR20.69mn on almost five-fold jump in deals to 1,198.
The transport sector’s trade volume more than doubled to 4.12mn stocks and value also more than doubled to QR18.48mn on 74% growth in transactions to 363.
The real estate sector’s trade volume soared 44% to 15.37mn shares, value by 94% to QR29.15mn and deals by 42% to 664.
The banks and financial services sector saw 33% surge in trade volume to 30.55mn equities, 83% in value to QR150.72mn and 77% in transactions to 3,423.
The consumer goods and services sector’s trade volume was up 7% to 16.07mn stocks, value by 7% to QR27.1mn and deals by 26% to 782.
However, there was 11% shrinkage in the industrials sector’s trade volume to 36.91mn shares and 3% in value to QR89.98mn but on 44% expansion in transactions to 2,457.
The insurance sector’s trade volume was down 8% to 0.93mn equities, whereas value shot up 13% to QR3.15mn and deals by 13% to 90.
In the venture market, volume, value and transactions were seen gaining 8.45%, 8.26% and 63.64% respectively.