The impending US Federal Reserve rate hikes had its effect on global bourses, including the Qatar Stock Exchange, whose key index on Monday plunged 223 points and capitalisation eroded QR8bn.
An across the board profit booking led the 20-stock Qatar Index to lose 1.59% to 13,764.05 points, although it touched an intraday high of 13,972 points.
The Islamic index was declining faster than the other indices in the market, whose year-to-date gains were at 18.39%.
The local retail investors were seen bearish in the bourse, whose capitalisation saw QR8bn or 1.08% decrease to QR768.77bn, mainly on the back of large and midcap segments.
The Gulf funds turned net sellers in the market, where the banking and industrials sectors together accounted for more than 59% of the trading volume.
However, the foreign funds were increasingly net buyers in the bourse, which saw a total of 1.17mn exchange traded funds (sponsored by Masraf Al Rayan) valued at QR4.16mn changed hands across 123 deals.
The Arab retail investors turned bullish in the market, which saw no trading of sovereign bonds.
Total trade and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index shed 1.59% to 28,089.83 points, the All Share Index by 1.26% to 4,396.31points and the Al Rayan Islamic Index (Price) by 1.62% to 2,961.84 points.
The transport sector index tanked 1.76%, industrials (1.56%), insurance (1.49%), banks and financial services (1.27%), real estate (0.84%), telecom (0.29%) and consumer goods and services (0.23%).
About 85% of the traded constituents in the main market were in the red and included Qatar General Insurance and Reinsurance, QIIB, Qamco, Inma Holding, Doha Insurance, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, Qatari German Medical Devices, Salam International Investment, Mannai Corporation, Qatar Industrial Manufacturing, Industries Qatar, Mesaieed Petrochemical Holding and Baladna. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Dlala, Zad Holding, Medicare Group, Qatar First Bank and QNB were among the gainers in the main market.
In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.
Qatari individuals were net sellers to the tune of QR14.55mn compared with net buyers of QR34.02mn on April 24.
The Gulf funds were net sellers to the extent of QR7.72mn against net buyers of QR11.42mn the previous day.
However, the foreign funds’ net buying increased substantially to QR66.31mn compared to QR27.91mn on Sunday.
The Arab individuals turned net buyers to the tune of QR4.95mn against net sellers of QR2.64mn on April 24.
The Gulf individuals’ net buying grew noticeably to QR3.57mn compared to QR0.53mn the previous day.
The domestic funds’ net selling declined markedly to QR47.05mn against QR62.44mn on Sunday.
The foreign individuals’ net selling weakened perceptibly to QR5.32mn compared to QR7.97mn on April 24.
The Arab institutions’ net profit booking eased marginally to QR0.17mn against QR0.82mn the previous day.
Total trade volume in the main market rose 17% to 174.19mn shares and value by 57% to QR674.67mn on more than doubled transactions to 17,743.
The transport sector’s trade volume more than quadrupled to 4.22mn equities and value also more than quadrupled to QR20.64mn on a more-than-five-fold jump in deals to 945.
The industrials sector’s trade volume almost doubled to 51.43mn stocks and value soared 69% to QR211.61mn on almost-doubled transactions to 5,093.
The banks and financial services sector’s trade volume soared 58% to 51.48mn shares and value more than doubled to QR319.52mn on almost-tripled deals to 8,797.
The market witnessed a 54% surge in the insurance sector’s trade volume to 3.51mn equities and 66% in value to QR9.66mn on more than tripled transactions to 299.
However, the telecom sector’s trade volume plummeted 35% to 1.4mn stocks, whereas value zoomed 72% to QR8.4mn on more than doubled deals to 407.
There was a 29% plunge in the consumer goods and services sector’s trade volume to 49.93mn shares and 25% in value to QR85.68mn but on a 13% expansion in transactions to 1,511.
The real estate sector’s trade volume was down 14% to 12.2mn equities, whereas value shot up 9% to QR19.15mn and deals by 40% to 691.
The venture market reported 58.62% contraction in trade volumes to 0.12mn stocks, 59.72% in value to QR0.87mn and 60.71% in transactions to 66.
An across the board profit booking led the 20-stock Qatar Index to lose 1.59% to 13,764.05 points, although it touched an intraday high of 13,972 points.
The Islamic index was declining faster than the other indices in the market, whose year-to-date gains were at 18.39%.
The local retail investors were seen bearish in the bourse, whose capitalisation saw QR8bn or 1.08% decrease to QR768.77bn, mainly on the back of large and midcap segments.
The Gulf funds turned net sellers in the market, where the banking and industrials sectors together accounted for more than 59% of the trading volume.
However, the foreign funds were increasingly net buyers in the bourse, which saw a total of 1.17mn exchange traded funds (sponsored by Masraf Al Rayan) valued at QR4.16mn changed hands across 123 deals.
The Arab retail investors turned bullish in the market, which saw no trading of sovereign bonds.
Total trade and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index shed 1.59% to 28,089.83 points, the All Share Index by 1.26% to 4,396.31points and the Al Rayan Islamic Index (Price) by 1.62% to 2,961.84 points.
The transport sector index tanked 1.76%, industrials (1.56%), insurance (1.49%), banks and financial services (1.27%), real estate (0.84%), telecom (0.29%) and consumer goods and services (0.23%).
About 85% of the traded constituents in the main market were in the red and included Qatar General Insurance and Reinsurance, QIIB, Qamco, Inma Holding, Doha Insurance, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, Qatari German Medical Devices, Salam International Investment, Mannai Corporation, Qatar Industrial Manufacturing, Industries Qatar, Mesaieed Petrochemical Holding and Baladna. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Dlala, Zad Holding, Medicare Group, Qatar First Bank and QNB were among the gainers in the main market.
In the juniour bourse, Al Faleh Educational Holding saw its shares depreciate in value.
Qatari individuals were net sellers to the tune of QR14.55mn compared with net buyers of QR34.02mn on April 24.
The Gulf funds were net sellers to the extent of QR7.72mn against net buyers of QR11.42mn the previous day.
However, the foreign funds’ net buying increased substantially to QR66.31mn compared to QR27.91mn on Sunday.
The Arab individuals turned net buyers to the tune of QR4.95mn against net sellers of QR2.64mn on April 24.
The Gulf individuals’ net buying grew noticeably to QR3.57mn compared to QR0.53mn the previous day.
The domestic funds’ net selling declined markedly to QR47.05mn against QR62.44mn on Sunday.
The foreign individuals’ net selling weakened perceptibly to QR5.32mn compared to QR7.97mn on April 24.
The Arab institutions’ net profit booking eased marginally to QR0.17mn against QR0.82mn the previous day.
Total trade volume in the main market rose 17% to 174.19mn shares and value by 57% to QR674.67mn on more than doubled transactions to 17,743.
The transport sector’s trade volume more than quadrupled to 4.22mn equities and value also more than quadrupled to QR20.64mn on a more-than-five-fold jump in deals to 945.
The industrials sector’s trade volume almost doubled to 51.43mn stocks and value soared 69% to QR211.61mn on almost-doubled transactions to 5,093.
The banks and financial services sector’s trade volume soared 58% to 51.48mn shares and value more than doubled to QR319.52mn on almost-tripled deals to 8,797.
The market witnessed a 54% surge in the insurance sector’s trade volume to 3.51mn equities and 66% in value to QR9.66mn on more than tripled transactions to 299.
However, the telecom sector’s trade volume plummeted 35% to 1.4mn stocks, whereas value zoomed 72% to QR8.4mn on more than doubled deals to 407.
There was a 29% plunge in the consumer goods and services sector’s trade volume to 49.93mn shares and 25% in value to QR85.68mn but on a 13% expansion in transactions to 1,511.
The real estate sector’s trade volume was down 14% to 12.2mn equities, whereas value shot up 9% to QR19.15mn and deals by 40% to 691.
The venture market reported 58.62% contraction in trade volumes to 0.12mn stocks, 59.72% in value to QR0.87mn and 60.71% in transactions to 66.