The domestic institutions were seen bullish amidst weak sentiments in the Qatar Stock Exchange, which settled below 10,800 levels this week.
The local retail investors’ substantially weakened net selling notwithstanding, the 20-stock Qatar Index tanked 159 points or 1.23% this week which saw QNB close the syndication of its 1.75bn euro, three-year senior unsecured term loan facility.
More than 85% of the traded constituents were in the red this week which saw Milaha explore option to launch logistics services in Georgia.
The industrials and real estate counters witnessed higher than average selling pressure this week which saw Doha's commercial banks register more than 10% year-on-year growth in total assets to QR1.79tn in October 2021.
The foreign institutions were seen net profit takers this week which saw Doha Port, Qatar's gateway to marine tourism, expect as many as 86 cruises during 2021-22 cruise season that runs until the end of April 2022.
The Arab individuals were also net sellers this week which saw a total of 111,346 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR289,789 change hands across 26 transactions.
The Gulf institutions were increasingly net profit takers this week which saw a total of 200,205 Doha Bank-sponsored QETF valued at QR2.3mn trade across 28 deals.
The foreign individuals were however increasingly into net buying this week which saw a total of 112,500 sovereign bonds valued at QR1.13bn change hands across two deals.
Market capitalisation saw more than QR10bn or 1.46% erosion to QR679.91bn, mainly on large and midcap segments this week which saw the industrials and banking sectors together constitute about 64% of the total trade volume.
The Total Return Index shrank 1.33%, All Share Index by 1.29% and All Islamic Index by 1.46% this week which saw the overall trade volume and value on the decline.
The industrials sector index tanked 2.14%, realty (1.26%), banks and financial services (1.22%), consumer goods and services (1.1%), telecom (1.03%) and transport (0.08%); while insurance gained 0.16% this week which saw no trading of treasury bills.
Main shakers in the main market included Mesaieed Petrochemical Holding, Investment Holding Group, Qatari Investors Group, Vodafone Qatar, Al Khaleej Takaful, QNB, Doha Bank, Masraf Al Rayan, QIIB, Alijarah Holding, Qatari German Medical Devices, Industries Qatar, Qamco, Aamal Company, Ezdan and Mazaya Qatar. In the venture market, Mekdam Holding saw its share depreciate in value.
Nevertheless, Qatar General Insurance and Reinsurance, Ahlibank Qatar, Milaha, Qatar Cinema and Film Distribution and Commercial Bank were among the gainers in the main market. In the venture market, Al Faleh Educational Holding shares made gains.
In the main market, the industrials sector accounted for 37% of the total trade volume, banks and financial services (27%), consumer goods and services (18%), real estate (11%), transport (3%), telecom (2%) and insurance (1%) this week.
In terms of value, the banks and financial services sector’s share was 48%, industrials (27%), consumer goods and services (10%), realty (6%), transport (5%), telecom (3%) and insurance (1%) this week.
The foreign institutions turned net sellers to the tune of QR23.95mn against net buyers of QR327.8mn the week ended November 18.
The Gulf institutions’ net selling increased substantially to QR14.8mn compared to QR1.92mn the previous week.
The Arab individuals were net sellers to the extent of QR12.83mn against net buyers of QR5.14mn a week ago.
The Gulf individuals’ net buying eased perceptibly to QR0.05mn compared to QR1.12mn the week ended November 18.
However, the domestic funds turned net buyers to the tune of QR113.17mn against net sellers of QR68.09mn the previous week.
The foreign individuals’ net buying strengthened markedly to QR4.93mn compared to QR1.25mn a week ago.
The Arab funds were seen net buyers to the extent of QR0.03mn against net sellers of QR0.02mn the week ended November 18.
The local retail investors’ net selling fell drastically to QR66.62mn compared to QR265.26mn the previous week.
Total trade volume in the main market fell 15% to 497.14mn shares, value by 18% to QR1.47bn and transactions by 10% to 36,346.
There was 40% plunge in the transport sector’s trade volume to 14.48mn equities, 47% in value to QR68.27mn and 45% in deals to 1,514.
The insurance sector’s trade volume plummeted 29% to 4.11mn stocks, value by 34% to QR12.87mn and transactions by 31% to 394.
The market witnessed 19% contraction in the industrials sector’s trade volume to 183.9mn shares, 15% in value to QR402.77n and 8% in deals to 9,680.
The real estate sector’s trade volume tanked 15% to 56.82mn equities, value by 18% to QR87.98mn and transactions by 8% to 2,342.
The telecom sector reported 11% shrinkage in trade volume to 11.9mn stocks, whereas value expanded 5% to QR46.19n and deals by 2% to 2,642.
The consumer goods and services sector’s trade volume declined 8% to 91.77mn shares, value by 31% to QR144.11mn and transactions by 23% to 3,658.
The banks and financial services sector saw 8% contraction in trade volume to 134.15mn equities, 13% in value to QR711.86mn and 3% in deals to 16,196.
In the venture market, volumes grew 28.26% to 0.79mn stocks and value by 16.69% to QR4.24bn; even as transactions slipped less than 1% to 222.