The Qatar Stock Exchange Monday witnessed violent gyrations for most part of the trading session; but overall it closed marginally lower despite gains in the industrials and telecom counters.
Notwithstanding the increased net buying interests of foreign institutions, the 20-stock Qatar Index settled five points or 0.04% lower to 12,672.95 points, recovering from an intraday low of 12,657 points.
The Gulf institutions were also seen increasingly into net buying in the market, whose year-to-date gains were at 9.01%.
More than 51% of the traded constituents were in the red in the bourse, whose capitalisation saw more than QR14mn or 0.02% decrease to QR726.17bn, mainly on the back of microcap segments.
The local retail investors’ net profit booking pressure increased substantially in the market, where the industrials, consumer goods and banking sectors together accounted for about 81% of the trading volume.
The domestic institutions were also increasingly net sellers in the bourse, which saw a total of 257,786 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR958,810 changed hands across 51 deals.
The foreign individuals were increasingly into net profit booking in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index was down 0.04% to 25,086.88 points and All Share Index by 0.03% to 3,999.96 points, while Al Rayan Islamic Index (Price) was up 0.03% to 2,801.76 points.
The transport sector index shrank 0.85%, insurance (0.49%), real estate (0.3%), consumer goods and services (0.06%) and banks and financial services (0.01%); while telecom gained 0.32% and industrials 0.21%.
Major shakers in the main market included Mannai Corporation, Qatar Investors Group, QLM, Nakilat, Qamco, Commercial Bank, Dlala, Qatari German Medical Devices, Aamal Company and Gulf Warehousing.
Nevertheless, Inma Holding, Qatar Industrial Manufacturing, Al Khaleej Takaful, Qatar Oman Investment, Salam International Investment, Qatar First Bank, Qatar Electricity and Water and Ooredoo were among the gainers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
Qatari individuals’ net selling increased substantially to QR95.47mn compared to QR24.25mn on February 6.
The foreign individuals’ net selling grew markedly to QR13.42mn against QR8.1mn on Sunday.
The domestic institutions’ net selling rose perceptibly to QR10.28mn compared to QR7mn the previous day.
However, the foreign funds’ net buying strengthened drastically to QR103.19mn against QR31.82mn on February 6.
The Gulf funds’ net buying grew noticeably to QR14.37mn compared to QR9.43mn on Sunday.
The Arab individuals turned net buyers to the tune of QR1.85mn against net sellers of QR1.76mn the previous day.
The Gulf individuals’ net profit booking eased marginally to QR0.25mn compared to QR0.34mn on February 6.
The Arab institutions had no major net exposure against net buyers of QR0.2mn the previous day.
Total trade volume in the main market rose 1% to 163.41mn shares, value by 29% to QR626.03mn and transactions by 31% to 12,245.
The transport sector’s trade volume soared 47% to 8.7mn equities and value by 37% to QR39.7mn on almost tripled deals to 1,344.
The banks and financial services sector saw 23% surge in trade volume to 35.95mn stocks, 80% in value to QR204.31mn and 45% in transactions to 4,002.
The consumer goods and services sector’s trade volume shot up 22% to 36.6mn shares, while value declined 9% to QR73.76mn despite 6% higher deals at 1,499.
However, there was 23% plunge in the telecom sector’s volume to 4.24mn equities but on 36% expansion in value to QR24.76mn and 12% in transactions to 784.
The industrials sector’s trade volume plummeted 16% to 59.49mn stocks; whereas value gained 17% to QR242.67mn and deals by 12% to 3,507.
The market witnessed 14% contraction in the real estate sector’s trade volume to 11.97mn shares and 7% in value to QR18.16mn but on 11% growth in transactions to 583.
The insurance sector’s trade volume was down less than 1% to 6.46mn equities; while value increased 37% to QR18.16n and deals by 57% to 526.
In the venture market, volumes more than doubled to 1.08mn stocks and value also more than doubled to QR9.69mn on 70.16% gains in transactions to 422.
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