Transport and telecom sectors witnessed strong profit booking, thus leading the Qatar Stock Exchange (QSE) decline as much as 59 points, even as capitalisation was flat.
The domestic funds were seen bearish as the 20-stock Qatar Index shed 0.43% to 13,626.99 points, although it touched an intraday high of 13,743 points.
The Arab institutions were seen net profit takers in the market, whose year-to-date gains were at 17.21%.
The foreign institutions’ substantially weakened net buying also had its influence in the bourse, whose capitalisation was largely flat at QR759.49bn, despite gains in the midcap segments.
The Islamic index was seen declining faster than the other indices in the market, which saw a total of 3,371 exchange traded funds (sponsored by Doha Bank) valued at QR0.04mn changed hands across five deals.
Trade volume and turnover were on the increase in the bourse, which saw the Gulf institutions continue to be net sellers but with lesser vigour.
However, local retail investors turned net bullish in the market, which saw no trading of sovereign bonds.
Similarly, the Arab and foreign retail investors were net buyers in the bourse, which saw no trading of treasury bills.
The Total Return Index fell 0.43% to 27,912.51 points, All Share Index by 0.16% to 4,319.07 points and Al Rayan Islamic Index (Price) by 0.54% to 2,978.8 points.
The transport sector shed 0.86%, telecom (0.67%), industrials (0.22%) and banks and financial services (0.14%); while real estate gained 0.8%, insurance (0.26%) and consumer goods (0.08%).
Major losers in the main market included Milaha, Gulf Warehousing, Inma Holding, Masraf Al Rayan, Qatar First Bank, Commercial Bank, Mesaieed Petrochemical Holding and Industries Qatar.
Nevertheless, Qatari German Medical Devices, QLM, Estithmar Holding, United Development Company, Mannai Corporation, QNB, Ahlibank Qatar, Aamal Company, Qatar National Cement and Nakilat were among the gainers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
The domestic institutions turned net sellers to the tune of QR14.26mn compared with net buyers of QR5.7mn on August 28.
The Arab institutions were net sellers to the extent of QR0.7mn against no major net exposure the previous day.
The foreign institutions’ net buying declined substantially to QR1.45mn compared to QR36.07mn on Sunday.
However, Qatari individuals turned net buyers to the tune of QR16.53mn against net sellers of QR9.81mn on August 28.
The Arab individuals were net buyers to the extent of QR2mn compared with net sellers of QR6.67mn the previous day.
The foreign individuals turned net buyers to the tune of QR1.87mn against net sellers of QR0.55mn on Sunday.
The Gulf retail investors were net buyers to the extent of QR0.94mn compared with net sellers of QR3.24mn on August 28.
The Gulf institutions’ net profit booking shrank significantly to QR7.81mn against QR22.01mn the previous day. Total trade volume in the main market soared 29% to 177.3mn shares, value by 44% to QR557.42mn and deals by 66% to 16,193.
In the venture market, there was a 57% jump in trade volumes to 0.11mn equities, 60% in value to QR0.8mn and 3% in transactions to 39.
The domestic funds were seen bearish as the 20-stock Qatar Index shed 0.43% to 13,626.99 points, although it touched an intraday high of 13,743 points.
The Arab institutions were seen net profit takers in the market, whose year-to-date gains were at 17.21%.
The foreign institutions’ substantially weakened net buying also had its influence in the bourse, whose capitalisation was largely flat at QR759.49bn, despite gains in the midcap segments.
The Islamic index was seen declining faster than the other indices in the market, which saw a total of 3,371 exchange traded funds (sponsored by Doha Bank) valued at QR0.04mn changed hands across five deals.
Trade volume and turnover were on the increase in the bourse, which saw the Gulf institutions continue to be net sellers but with lesser vigour.
However, local retail investors turned net bullish in the market, which saw no trading of sovereign bonds.
Similarly, the Arab and foreign retail investors were net buyers in the bourse, which saw no trading of treasury bills.
The Total Return Index fell 0.43% to 27,912.51 points, All Share Index by 0.16% to 4,319.07 points and Al Rayan Islamic Index (Price) by 0.54% to 2,978.8 points.
The transport sector shed 0.86%, telecom (0.67%), industrials (0.22%) and banks and financial services (0.14%); while real estate gained 0.8%, insurance (0.26%) and consumer goods (0.08%).
Major losers in the main market included Milaha, Gulf Warehousing, Inma Holding, Masraf Al Rayan, Qatar First Bank, Commercial Bank, Mesaieed Petrochemical Holding and Industries Qatar.
Nevertheless, Qatari German Medical Devices, QLM, Estithmar Holding, United Development Company, Mannai Corporation, QNB, Ahlibank Qatar, Aamal Company, Qatar National Cement and Nakilat were among the gainers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
The domestic institutions turned net sellers to the tune of QR14.26mn compared with net buyers of QR5.7mn on August 28.
The Arab institutions were net sellers to the extent of QR0.7mn against no major net exposure the previous day.
The foreign institutions’ net buying declined substantially to QR1.45mn compared to QR36.07mn on Sunday.
However, Qatari individuals turned net buyers to the tune of QR16.53mn against net sellers of QR9.81mn on August 28.
The Arab individuals were net buyers to the extent of QR2mn compared with net sellers of QR6.67mn the previous day.
The foreign individuals turned net buyers to the tune of QR1.87mn against net sellers of QR0.55mn on Sunday.
The Gulf retail investors were net buyers to the extent of QR0.94mn compared with net sellers of QR3.24mn on August 28.
The Gulf institutions’ net profit booking shrank significantly to QR7.81mn against QR22.01mn the previous day. Total trade volume in the main market soared 29% to 177.3mn shares, value by 44% to QR557.42mn and deals by 66% to 16,193.
In the venture market, there was a 57% jump in trade volumes to 0.11mn equities, 60% in value to QR0.8mn and 3% in transactions to 39.