* QSE sees higher M-Cap amidst weak sentiments
Foreign funds were seen increasingly net buyers in the Qatar Stock Exchange, which otherwise lost another 42 points despite strengthening crude prices in the global market.
Local retail investors and domestic funds were increasingly into net selling as the 20-stock Qatar Index declined 0.31% to 13,512.87 points, although it touched an intraday high of 13,644 points.
The Islamic index was seen declining slower than the other indices in the market, which was up 16.23% year-to-date.
The Gulf institutions’ net selling increased markedly in the bourse, whose capitalisation gained more than QR4bn or 0.54% to QR759.9bn, mainly on the back of mid and microcap segments.
The Gulf funds were increasingly into net selling in the market, where the industrials and consumer goods sectors together accounted for more than 61% of the trading volume.
The Arab institutions were seen net profit takers in the bourse, which saw a total of 32,802 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.33mn changed hands across 16 deals.
The foreign individuals’ bearish grip was seen strengthening in the market, which saw no trading of sovereign bonds.
Total trade value and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index shrank 0.31% to 27,678.74 points, All Share Index by 0.3% to 4,335.84 points and Al Rayan Islamic Index (Price) by 0.29% to 2,886.58 points.
The industrials sector index tanked 1.47%, insurance (0.36%) and consumer goods and services (0.02%); while telecom gained 0.79%, transport (0.05%), realty (0.04%) and banks and financial services (0.02%).
About 62% of the traded constituents in the main market were in the red and included Industries Qatar, Qamco, Aamal Company, Mazaya Qatar, Vodafone Qatar, Qatari German Medical Devices, Commercial Bank, Dlala, Salam International Investment, Mannai Corporation, Al Meera and Milaha. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Baladna, QLM, Investment Holding Group, Doha bank, Ooredoo, Ahlibank Qatar, Alijarah Holding, Ezdan and Nakilat were among the gainers in the main market. In the junior bourse, Al Faleh Educational Holding saw its shares appreciate in value.
Qatari individuals’ net selling increased considerably to QR74.64mn compared to QR24.29mn on May 8.
The domestic funds’ net profit booking grew noticeably to QR68.9mn against QR55.46mn on Sunday.
The Gulf institutions’ net selling grew perceptibly to QR8mn compared to QR0.9mn the previous day.
The Arab funds were net sellers to the tune of QR4.84mn against net buyers of QR0.2mn on May 8.
The foreign individuals’ net selling strengthened markedly to QR1.8mn compared to QR0.21mn on Sunday.
The Arab individuals’ net selling increased marginally to QR0.7mn against QR0.64mn the previous day.
The Gulf individuals turned net sellers to the extent of QR0.01mn compared with net buyers of QR1.21mn on May 8.
However, the foreign funds’ net buying strengthened substantially to QR158.9mn against QR80.09mn on Sunday.
Total trade volume in the main market rose 12% to 236.38mn shares and value by 75% to QR988.81mn on more than doubled transactions to 26,244.
The transport sector’s trade volume more than tripled to 4.22mn equities and value also more than tripled to QR18.81mn on more than five-fold jump in deals to 603.
The consumer goods and services sector’s trade volume more than doubled to 66.08mn stocks and value more than tripled to QR124.85mn on more than doubled transactions to 2,226.
The telecom sector’s trade volume soared 66% to 3.88mn shares and value more than tripled to QR25.24mn on more than quadrupled deals to 1,107.
The market witnessed 42% surge in the insurance sector’s trade volume to 9.93mn equities and 41% in value to QR26.88mn but on 43% decline in transactions to 381.
The banks and financial services sector’s trade volume shot up 35% to 51.48mn stocks and value more than doubled to QR484.14mn on almost tripled deals to 15,826.
However, there was 52% plunge in the real estate sector’s trade volume to 22.66mn shares, 40% in value to QR29.1mn and less than 1% in transactions to 1,019.
The industrials sector’s trade volume was down 6% to 789.13mn equities, whereas value zoomed 32% to QR279.8mn and deals by 23% to 5,082.
The venture market’s trade volumes expanded more than five-fold to 0.22mn stocks, value almost quadrupled to QR1.08mn and transactions almost doubled to 60.