The Qatar Stock Exchange on Sunday plummeted more than 300 points to settle below 11,500 points, mirroring the weak global sentiments owing to Omicron variant of the Covid-19.
The bullish outlook of the local retail investors and domestic funds notwithstanding, the 20-stock Qatar Index plunged 2.77% to 11,463.91 points, although it touched an intraday high of 11,784 points.
The foreign institutions were seen net sellers in the market, whose year-to-date gains were at 9.85%.
The Gulf funds were also net profit takers in the bourse, which saw about 96% of the traded constituents in the red.
The Arab individuals were increasingly net sellers in the market, whose capitalisation saw more than QR19bn or 2.8% erosion to QR660.85bn, mainly on large cap segments.
The Gulf individuals were also seen net sellers in the bourse, where the industrials, consumer goods and banking sectors together constituted more than 80% of the total trading volume.
The overall trade turnover and volumes were on the increase in the main market, which saw as many as 120,000 sovereign bonds worth QR1.12bn across two transactions.
The foreign individuals were seen net profit takers in the market, which saw a total of 80,268 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR649,139 trade across 17 deals.
The Total Return Index tanked 2.77% to 22,693.5 points, Al Rayan Islamic Index (Price) by 2.45% to 2,555.45 points and All Share Index by 2.65% to 3,636.05 points.
The industrials sector index plummeted 3.53%, realty (2.76%), banks and financial services (2.7%), consumer goods and services (1.76%), insurance (1.61%), telecom (1.28%) and transport (1.24%).
Major shakers in the main market included Investment Holding Group, Mesaieed Petrochemical Holding, Industries Qatar, Commercial Bank and Ezdan. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value. Nevertheless, only Al Meera Consumer Goods made gains in the main market.
The foreign funds turned net sellers to the tune of QR57.94mn against net buyers of QR8.8mn on November 25.
The Gulf institutions were net sellers to the extent of QR17.57mn compared with net buyers of QR1.03mn last Thursday.
The foreign individuals turned net sellers to the tune of QR13.17mn against net buyers of QR1.86mn the previous trading day.
The Arab individuals’ net buying increased markedly to QR8.55mn compared to QR1.4mn on November 25.
The Gulf individuals were net sellers to the extent of QR3.34mn against net buyers of QR0.14mn last Thursday.
However, Qatari individuals turned net buyers to the tune of QR62.13mn compared with net sellers of QR5.78mn the previous trading day.
The domestic funds were net buyers to the extent of QR38.44mn against net profit takers of QR4.64mn on November 25.
The Arab institutions had no major net exposure.
Total trade volume in the main market more than doubled to 201.37mn shares, value rose 58% to QR475.13mn and transactions by 30% to 9,523.
In the venture market, volume, value and deals declined 41.43%, 24.69% and 30.43% respectively.