The Qatar Stock Exchange opened the year 2022 on a mildly weaker note amidst strong buying interests in the real estate counter.
Notwithstanding the demand for the Islamic equities, the 20-stock Qatar Index was down more than five points or 0.04% to 11,620.7 points, although it touched an intraday high of 11,671 points.
The foreign and Arab individuals were seen net sellers in the market, whose capitalisation stood at QR665.15bn.
The Gulf retail investors and foreign funds were also seen net profit takers in the bourse, where more than 72% of the traded constituents end in the red.
Both local individuals and domestic funds were however seen net buyers in the main market, which saw a total of 23,858 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR96,014 trade across 10 deals.
The Total Return Index was down 0.04% to 23,003.87 points and All Share Index by 0.39% to 3,683.47 points, while Al Rayan Islamic Index (Price) rose 0.39% to 2,571.71 points.
The insurance index tanked 3.32%, telecom (1.56%), consumer goods and services (0.97%), industrials (0.66%), transport (0.17%) and banks and financial services (0.09%), while real estate shot up 1.41%.
Major losers in the main market included Doha Bank, Qatar Insurance, Qatari German Medical Devices, Ooredoo, Inma Holding, Qatar Islamic Bank, Commercial Bank, Woqod, Industries Qatar, Gulf International Services and Investment Holding Group.
Nevertheless, Qatar Cinema and Film Distribution, Masraf Al Rayan, Mesaieed Petrochemical Holding, Barwa, United Development Company and QIIB were among the gainers losers in the main market. In the venture market, Mekdam Holding saw its shares gain in value.
Both the foreign individuals and institutions were net sellers to the tune of QR8.98mn and QR0.48mn respectively.
The Arab individuals were net profit takers to the extent of QR3.49mn, whereas the Gulf funds had no major net exposure.
In the case of the Gulf individuals, they were net sellers to the tune of QR0.76mn; while the Gulf funds were net buyers to the extent of QR0.55mn.
Both Qatari individuals and domestic institutions were net buyers to the tune of QR6.66mn and QR6.51mn respectively.
Total trade volume in the main market stood at 75.24mn shares, value at QR169.84mn and transactions at 4,172.
A total of 20.96mn industrials equities valued at QR47.45mn changed hands across 947 deals and as many as 17.76mn consumer goods and services stocks worth QR27.68mn trade across 518 transactions.
The banks and financial services sector saw a total of 16.63mn shares valued at QR62.13mn change hands across 1,479 deals and a total of 16.07mn real estate equities worth QR20.46mn trade across 844 transactions.
The insurance sector witnessed a total of 2.73mn stocks valued at QR6.81mn change hands across 211 deals.
In the case of transport, the sector saw as many as 0.58mn shares worth QR3.88mn trade across 101 transactions and the telecom sector witnessed a total of 0.5mn equities valued at QR1.43mn change hands across 72 deals.
In the venture market, a total of 19,047 Mekdam Holding shares valued at QR132,722 trade across 13 transactions.