The Qatar Stock Exchange on Sunday saw domestic institutions turn net buyers even as it settled in the negative turf, with its key barometer losing as much as 172 points to below 12,700 levels, reflecting the Russia-Ukraine crisis.
An across the board selling – especially in the transport, insurance, industrials and consumer goods – yesterday dragged the 20-stock Qatar Index 1.34% to 12,637.36 points, although it touched an intraday high of more than 12,800 levels.
The Arab individuals were seen hurriedly squaring off their position in the market, whose year-to-date gains were at 8.7%.
The foreign institutions’ net buying weakened considerably in the bourse, whose capitalisation saw about QR10bn or 1.33% decrease to QR721.42bn, mainly on the back of mid and microcap cap segments.
More than 91% of the traded constituents were in the red in the market, where the industrials and consumer goods sectors together accounted for about 60% of the trading volume.
The Gulf retail investors were also seen increasingly into net profit booking in the bourse, which saw a total of 44,924 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR365,427 changed hands across 12 deals.
The local retail investors continued to be net sellers but with lesser vigour 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 tanked 1.34% to 25,016.42 points, the All Share Index by 1.3% to 3,962.21 points and the Al Rayan Islamic Index (Price) by 1.26% to 2,801.15 points.
The transport sector index shrank 2.21%, insurance (1.85%), industrials (1.76%), consumer goods and services (1.48%), banks and financial services (1%), real estate (1%) and telecom (0.74%).
Major losers included Industries Qatar, Commercial Bank, Dlala, Qatari Investors Group, Gulf International Services, Milaha, Masraf Al Rayan, Alijarah Holding, Qamco, Qatar Insurance, QLM, Ezdan, Milaha, Nakilat, Qatari German Medical Devices, Salam International Investment, Widam Food, Mannai Corporation and Baladna. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Qatar General Insurance and Reinsurance, Investment Holding Group, Aamal Company and Medicare Group were among the gainers in the main market.
The Arab individuals’ net selling increased substantially to QR30.35mn compared to QR6.65mn on February 10.
The foreign individuals’ net profit booking expanded markedly to QR6.48mn against QR2.11mn last Thursday.
The Gulf individuals’ net selling grew perceptibly to QR1.55mn compared to QR0.33mn the previous trading day.
The foreign institutions’ net buying weakened drastically to QR6.52mn against QR177.38mn on February 10.
The Gulf institutions’ net buying eased considerably to QR7.99mn compared to QR20.57mn last Thursday.
However, the domestic funds were net buyers to the tune of QR28.778mn against net sellers of QR8.36mn the previous trading day.
Qatari individuals’ net profit booking dropped significantly to QR4.89mn compared to QR180.93mn on February 10.
The Arab institutions had no major net exposure against net buyers of QR0.44mn last Thursday.
Total trade volume in the main market fell 40% to 182.63mn shares, value by 51% to QR447.32mn and transactions by 48% to 9,472.
The consumer goods and services sector’s trade volume plummeted 69% to 40.43mn equities, value by 57% to QR64.38mn and deals by 53% to 1,095.
The transport sector reported a 60% plunge in trade volume to 4.45mn stocks, 69% in value to QR20.03n and 64% in transactions to 615.
The insurance sector’s trade volume tanked 55% to 1.53mn shares, value by 67% to QR5.09mn and deals by 38% to 215.
The banks and financial services sector saw a 48% shrinkage in trade volume to 28.57mn equities, 68% in value to QR96.92mn and 58% in transactions to 2,549.
The telecom sector’s volume shrank 9% to 9.41mn stocks, value by 45% to QR27.93mn and deals by 42% to 921.
There was a 5% contraction in the industrials sector’s trade volume to 69.14mn shares, 32% in value to QR196.84mn and 33% in transactions to 3,328.
However, the real estate sector’s trade volume shot up 28% to 29.1mn equities and value by 12% to QR36.14mn, whereas deals declined 29% to 749.
In the venture market, volumes were seen dipping 8.11% to 0.68mn stocks and value by 10.09% to QR5.79mn but on 4.39% expansion in transactions to 214.
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