The Qatar Stock Exchange Sunday opened the week weak and its key index lost 20 points despite strong buying in the real estate, consumer goods and insurance counters.
Foreign individuals were seen bearish as the 20-stock Qatar Index settled 0.14% lower at 13,513.56 points, although it touched an intraday high of 13,604 points.
More than 54% of the traded constituents were in the red in the market, whose year-to-date gains were at 16.24%.
The foreign institution continued to be net sellers but with lesser vigour in the bourse, whose capitalisation saw more than QR1bn or 0.19% decline to QR759.35bn, mainly on the back of microcap segments.
The Islamic index was seen declining faster than the other indices in the bourse, where the industrials and consumer goods sectors together accounted for about 62% of the trading volume.
The Gulf institutions continued to be net buyers but with lesser intensity in the market, which saw a total of 91,245 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.12mn changed hands across 25 deals.
The Arab individuals were seen increasingly bullish in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the decline in the market, which saw no trading of treasury bills.
The Total Return Index shrank 0.14% to 27,572.06 points, All Share Index by 0.16% to 4,325.11 points and Al Rayan Islamic Index (Price) by 0.19% to 2,905.07 points.
The industrials sector index shrank 0.64%, transport (0.49%), banks and financial services (0.11%) and telecom (0.06%); while realty gained 0.79%, consumer goods and services (0.62%) and insurance (0.26%).
Major losers in the main market included Gulf International Services, Doha Insurance, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Doha Bank, Industries Qatar, Medicare Group, QLM and Milaha.
Nevertheless, Mannai Corporation, Qatar Islamic Insurance, Baladna, Qatar Industrial Manufacturing, Commercial Bank, Barwa and United Development Company were among the gainers in the main market. In the venture market, Mekdam Holding saw its shares appreciate in value.
The foreign individuals turned net sellers to the tune of QR11.96mn compared with net buyers of QR3.7mn on March 31.
The foreign institutions’ net buying declined substantially to QR64.44mn against QR117.7mn last Thursday.
The Gulf funds’ net buying fell noticeably to QR7.91mn compared to QR19.34mn the previous trading day.
However, the Arab individuals’ net buying grew markedly to QR9.16mn against QR3.61mn on March 31.
The Arab institutions were seen net buyers to the extent of QR1.5mn compared with no major net exposure last Thursday.
The Gulf individuals turned net buyers to the tune of QR0.23mn against net sellers of QR2.1mn the previous trading day.
The domestic funds’ net selling decreased considerably to QR52.85mn compared to QR89.33mn on March 31.
Qatari individuals’ net profit booking eased substantially to QR18.43mn against QR52.98mn last Thursday.
Total trade volume in the main market fell 47% to 110.09mn shares, value by 56% to QR351.43mn and transactions by 52% to 9,751.
The transport sector’s trade volume plummeted 80% to 1.94mn equities, value by 82% to QR13.4mn and deals by 81% to 339.
The market witnessed 76% plunge in the insurance sector’s trade volume to 2.05mn stocks, 81% in value to QR5.72mn and 47% in transactions to 468.
The telecom sector’s trade volume tanked 68% to 3.21mn shares, value by 70% to QR8.04mn and deals by 68% to 397.
There was 58% contraction in the banks and financial services sector’s trade volume to 14.69mn equities, 61% in value to QR110.11mn and 38% in transactions to 4,059.
The real estate sector’s trade volume shrank 52% to 20.3mn stocks, value by 59% to QR25.91mn and deals by 50% to 994.
The industrials sector saw 41% shrinkage in trade volume to 37.4mn shares, 59% in value to QR109.86mn and 61% in transactions to 2,145.
The consumer goods and services sector’s trade volume was down 20% to 30.51mn equities, value by 24% to QR78.37mn and deals by 45% to 1,349.
In the venture market, trade volumes were seen expanding 63.64% to 0.54mn stocks, value by 71.26% to QR4.47mn and transactions by 22.5% to 196.
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