The domestic institutions were seen increasingly net sellers in the Qatar Stock Exchange, which Tuesday fell 63 points to settle below 13,500 levels.
Global inflation concerns and rising interest rates had its dampening effect, which was reflected in 0.47% decline in the 20-stock Qatar Index, which closed at 13,450.01 points, although it touched an intraday high of 13,557 points.
The Islamic index was seen declining faster than the other indices in the market, which was up 15.69% year-to-date.
The Gulf institutions were also seen increasingly into net selling in the bourse, whose capitalisation eroded more than QR2bn or 0.29% to QR757.66bn, mainly on the back of midcap segments.
The Arab funds were increasingly into net profit booking in the market, where the industrials and consumer goods sectors together accounted for more than 74% of the trading volume.
The local retail investors continued to be net sellers but with lesser intensity in the bourse, which saw a total of 130,330 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.56mn changed hands across 26 deals.
The foreign institutions were increasingly into net buying 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 0.47% to 27,549.98 points, All Share Index by 0.31% to 4,332.51 points and Al Rayan Islamic Index (Price) by 0.93% to 2,859.66 points.
The realty sector index tanked 1.6%, telecom (0.93%), industrials (0.76%), insurance (0.47%), consumer goods and services (0.28%) and banks and financial services (0.09%); while transport gained 0.45%.
More than 65% of the traded constituents in the main market were in the red and included QLM, Mannai Corporation, Qamco, Ahlibank Qatar, Barwa, Masraf Al Rayan, Qatar First Bank, Alijarah Holding, Inma Holding, Industries Qatar, Mazaya Qatar, Vodafone Qatar, Qatari German Medical Devices, Salam International Investment, Woqod and Widam.
Nevertheless, Baladna, Doha Bank, Zad Holding, Investment Holding Group, Qatar Islamic Insurance and QNB were among the gainers in the main market. In the venture market, Mekdam Holding saw its shares appreciate in value.
The domestic funds’ net profit booking grew substantially to QR116mn compared to QR68.9mn on May 9.
The Gulf institutions’ net selling grew considerably to QR17.07mn against QR8mn the previous day.
The Arab funds’ net selling expanded significantly to QR14.62mn compared to QR4.84mn on Monday.
However, the foreign funds’ net buying grew perceptibly to QR161.67mn against QR158.9mn on May 9.
The foreign individuals were net buyers to the tune of QR7.08mn compared with net sellers of QR1.8mn the previous day.
The Arab individuals turned net buyers to the extent of QR5.85mn against net sellers of QR0.7mn on Monday.
The Gulf individuals were net buyers to tune of QR1.88mn compared with net sellers of QR0.01mn on May 9.
Qatari individuals’ net profit booking fell noticeably to QR28.31mn against QR74.64mn the previous day.
Total trade volume in the main market rose 46% to 345.6mn shares, value by 15% to QR1.14bn and transactions by 9% to 28,698.
The consumer goods and services sector’s trade volume more than doubled to 164.16mn equities and value also more than doubled to QR289.36mn on 49% increase in deals to 3,312.
There was a 24% surge in the real estate sector’s trade volume to 28.2mn stocks, 31% in value to QR38mn and 3% in transactions to 1,051.
The industrials sector’s trade volume zoomed 19% to 92.98mn shares, value by 2% to QR284mn and deals by 20% to 6,092.
The market witnessed 4% jump in the transport sector’s trade volume to 4.39mn equities but on 13% shrinkage in value to QR16.33mn and 24% in transactions to 461.
However, the insurance sector’s trade volume plummeted 65% to 3.47mn stocks, value by 68% to QR8.62mn and deals by 53% to 178.
The telecom sector reported 9% shrinkage in trade volume to 3.53mn shares and 32% in value to QR17.12mn but on 18% jump in transactions to 1,301.
The banks and financial services sector’s trade volume was down 5% to 48.88mn equities and value by less than 1% to QR483.81mn, whereas deals were up 3% to 16,303.
In the venture market, trade volumes shrank 4.55% to 0.21mn stocks but value shot up 6.48% to QR1.15mn and transactions by 66.67% to 100.