The Qatar Stock Exchange on Sunday saw buying interests in four of the seven sectors but overall it settled about 14 points lower to close below 12,500 levels.
The foreign institutions continued to be net buyers but with lesser intensity as the 20-stock Qatar Index settled 0.11% lower at 12,495 points, although it recovered from an intraday low of 12,423 points.
The Arab institutions were seen net profit takers in the market, whose year-to-date gains were at 7.48%.
The telecom and consumer goods counters witnessed higher than average selling pressure in the bourse, whose capitalisation nevertheless saw QR40mn or 0.06% increase to QR717.44bn, mainly on the back of microcap segments.
The domestic funds also continued to be net profit takers but with lesser vigour in the market, where the industrials, banking and consumer goods sectors together accounted for more than 70% of the trading volume.
The foreign individuals’ weakened net buying also had it influence in the bourse, which saw a total of 39,864 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR282,589 changed hands across 19 deals.
The Islamic index was seen declining faster than the main barometer in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the decline in the bourse, which saw no trading of treasury bills.
The Total Return Index fell 0.11% to 24,734.61 points and Al Rayan Islamic Index (Price) by 0.28% to 2,737.08 points; while All Share Index was up 0.03% to 3,950.79 points.
The telecom sector index shrank 0.44%, consumer goods and services (0.32%) and banks and financial services (0.09%); while insurance gained 0.78%, transport (0.35%), real estate (0.3%) and industrials (0.28%).
More than 52% of the traded constituents in the main market were in the red and included Alijarah Holding, Widam Food, Masraf Al Rayan, Qatari Investors Group, Salam International Investment, Doha Bank, Gulf International Services, Mesaieed Petrochemical Holding, Ezdan, Mazaya Qatar, Barwa and Vodafone Qatar. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
Nevertheless, Mannai Corporation, Qatar Electricity and Water, Dlala, Qatar Insurance, United Development Company, Ahlibank Qatar, QNB and Milaha were among the gainers in the main market. In the juniour bourse, Mekdam Holding saw its shares extend gains.
The foreign institutions’ net buying declined significantly to QR66.27mn compared to QR139.11mn on January 27.
The Arab institutions were seen net sellers to the tune of QR0.44mn against no major net exposure the previous trading day.
The foreign individuals’ net buying shrank markedly to QR1.77mn compared to QR3.17mn last Thursday.
However, the Gulf individuals’ net buying increased perceptibly to QR1.81mn against QR0.47mn on January 27.
Qatari individuals’ net selling shrank drastically to QR45.72mn compared to QR96.24mn the previous trading day.
The domestic institutions’ net selling eased markedly to QR20.64mn against QR27.44mn last Thursday.
The Arab individuals’ net profit booking fell notably to QR3.37mn compared to QR4.87mn on January 27.
The Gulf institutions were net buyers to the extent of QR0.33mn against net sellers of QR14.2mn the previous trading day.
Total trade volume in the main market fell 22% to 123.59mn shares, value by 22% to QR488.31mn and transactions by 39% to 7,658.
The telecom sector’s volume plummeted 73% to 1.68mn equities, value by 75% to QR5.18mn and deals by 69% to 228.
The market witnessed 56% plunge in the real estate sector’s trade volume to 10.97mn stocks, 68% in value to QR17.67mn and 53% in transactions to 486.
The industrials sector’s trade volume tanked 40% to 30.46mn shares, value by 29% to QR111.1mn and deals by 59% to 1,367.
The consumer goods and services sector saw 18% contraction in trade volume to 22.45mn equities, 11% in value to QR64.96mn and 20% in transactions to 1,274.
However, the insurance sector’s trade volume more than doubled to 3.59mn stocks and value also more than doubled to QR10.34mn on 3% jump in deals to 189.
There was 63% surge in the transport sector’s trade volume to 10.78mn shares and 76% in value to QR63.08mn but on 30% shrinkage in transactions to 574.
The banks and financial services sector’s trade volume jumped 7% to 43.67mn equities; whereas value declined 22% to QR215.99mn and deals by 26% to 3,540.
In the venture market, volumes grew more than 27-fold to 2.58mn stocks and value by about 29-fold to QR19.39mn and transactions by about seven-fold to 284.
 
 
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