The Qatar Stock Exchange Monday closed 55 points lower, mainly dragged by the consumer goods and industrials equities.
The Gulf funds were increasingly net sellers as the 20-stock Qatar Index declined 0.45% to 12,217.35 points, although it touched an intraday high of 12,316 points.
The domestic funds turned net profit takers in the market, whose year-to-date gains were at 5.09%.
The Arab individuals were seen bearish in the bourse, whose capitalisation saw more than QR5bn or 0.74% decrease to QR684.8bn, mainly on the back of midcap segments.
The Islamic index was seen declining slower than the other indices in the market, where the industrials, real estate and banking sectors together constituted about 84% of the total trading volume.
The foreign institutions were increasingly bullish in the bourse, which saw a total of 0.12mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.32mn changed hands across 13 deals.
The foreign individuals were also seen net buyers in the market, which saw no trading of sovereign bonds.
Total trade turnover grew amidst lower volumes in the bourse, which saw no trading of treasury bills.
The Total Return Index shrank 0.45 to 25,025.11 points, All Share Index by 0.73% to 3,920.48 points and Al Rayan Islamic Index (Price) by 0.15% to 2,647.71 points.
The consumer goods and services sector index shrank 1.38%, insurance (0.95%), industrials (0.93%), banks and financial services (0.79%) and telecom (0.5%); while transport gained 0.77% and realty (0.26%).
About 59% of the traded constituents were in the red with major shakers being Qatar National Cement, Salam International Investment, Qatar Industrial Manufacturing, QNB, Medicare Group, Ahlibank Qatar, Qatari German Medical Devices, Woqod, Industries Qatar, Al Meera, Qamco, Estithmar Holding, Qatar Insurance and Ooredoo. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Ahlibank Qatar, Alijarah Holding, Gulf Warehousing, Barwa, Qatar Islamic Bank and Aamal Company were among the gainers in the main market. In the juniour bourse, Al Faleh Educational Holding saw its shares appreciate in value.
The Gulf institutions’ net selling increased substantially to QR24.16mn compared to QR0.39mn on July 3.
The domestic funds turned net sellers to the tune of QR9.24mn against net buyers of QR7.32mn on Sunday.
The Arab individuals were net sellers to the extent of QR2.2mn compared with net buyers of QR3.88mn the previous day.
The Arab institutions were net sellers to the tune of QR0.31mn against no major net exposure on July 3.
However, the foreign funds’ net buying grew significantly to QR53.09mn compared to QR59.84mn on Sunday.
The foreign individuals were net buyers to the extent of QR1.32mn against net sellers of QR0.69mn the previous day.
The Gulf individuals’ net buying strengthened marginally to QR0.9mn compared to QR0.06mn on July 3.
Qatari individuals’ net buying weakened noticeably to QR19.4mn against QR22.79mn on Sunday.
Total trade volume in the main market fell 9% to 92.24mn shares, while value rose 36% to QR331.37mn and transactions by 95% to 13,397.