Reflecting the weak global market sentiments over the volatile situation in Ukraine, strengthened global oil prices, the Qatar Stock Exchange on Thursday lost more than 110 points in key index and QR6bn in capitalisation.
An across the board selling – particularly in insurance, real estate, consumer goods and industrials – led the 20-stock Qatar Index shed 0.87% to 12,638.8 points, but recovering from an intraday low of 12,527 points.
The Islamic index was seen declining faster than the other indices in the market, whose year-to-date gains increased to 8.71%.
More than 91% of the traded constituents extended gains to investors in the bourse, whose capitalisation saw 0.89% decrease to QR715.6bn, mainly on the back of midcap segments.
The local retail investors’ increased net selling had its influence on the market, where the industrials and banking sectors together accounted for about 63% of the trading volume.
The Arab individuals turned net sellers in the bourse, which saw a total of 62,753 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR342,798 changed hands across 22 deals.
The foreign individuals were increasingly net profit takers 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 shed 0.87% to 25,213.77 points, the All Share Index by 0.9% to 3,978.98 points and the Al Rayan Islamic Index (Price) by 1.15% to 2,806.74 points.
The insurance sector index tanked 2.66%, real estate (1.45%), consumer goods and services (1.27%), industrials (0.98%), telecom (0.86%), banks and financial services (0.74%) and transport (0.18%).
Major losers in the main market included Widam Food, Qatar Oman Investment, Inma Holding, Alijarah Holding, Mannai Corporation, Commercial Bank, QIIB, Masraf Al Rayan, Qatar First Bank, Baladna, Gulf International Services, Mesaieed Petrochemical Holding, Qamco, Qatar Insurance, Ezdan, Mazaya Qatar, Vodafone Qatar and Gulf Warehousing. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Ahlibank Qatar, Nakilat, Qatar Islamic Bank and Al Meera Consumer Goods were among gainers in the main market.
Qatari individuals’ net selling strengthened significantly to QR143.42mn compared to QR60.02mn on February 23.
The Arab individuals were net sellers to the extent of QR38.39mn against net buyers of QR0.85mn the previous day.
The foreign individuals’ net profit booking grew markedly to QR9.16mn compared to QR2.31mn on Wednesday.
The Gulf individuals’ net selling strengthened perceptibly to QR1.44mn against QR0.13mn on February 23.
The Gulf institutions’ net buying eased marginally to QR15.26mn compared to QR15.56mn the previous day.
However, the foreign institutions’ net buying rose considerably to QR185.83mn against QR63.73mn on Wednesday.
The domestic funds’ net selling declined noticeably to QR9.12mn compared to QR17.7mn on February 23.
The Arab institutions were net buyers to the tune of QR0.44mn against no major net exposure the previous day.
Total trade volume in the main market rose 30% to 252.88mn shares, value by 48% to QR853.16mn and transactions by 23% to 17,194.
The insurance sector’s trade volume more than doubled to 7.12mn equities and value also more than doubled to QR21.11mn on a 64% jump in deals to 377.
The banks and financial services sector reported an 81% surge in trade volume to 55.67mn stocks, 99% in value to QR400.27mn and 37% in transactions to 7,243.
The telecom sector’s volume soared 65% to 7.79mn shares, value by 30% to QR24.1mn and deals by 40% to 1,110.
There was a 57% expansion in the transport sector’s trade volume to 7.27mn equities and 38% in value to QR27.8mn but on a 13% decline in transactions to 664.
The real estate sector’s trade volume shot up 26% to 29.74mn stocks, value by 15% to QR41.04mn and deals by 63% to 1,353.
The industrials sector reported a 22% jump in trade volume to 103.14mn shares, 20% in value to QR271.75mn and 6% in transactions to 4,828.
However, the consumer goods and services sector’s trade volume was down 3% to 42.15mn equities and value by less than 1% to QR67.09mn, while deals were up 8% to 1,619.
The venture market saw 23.53% increase in volumes to 0.63mn stocks and 24.79% in value to QR5.99mn but on 41.37% contraction in transactions to 180.