The Qatar Stock Exchange on Thursday witnessed strong buying in the telecom, transport and real estate counters, even as it overall settled marginally lower.
The foreign funds were seen bearish as the 20-stock Qatar Index settled mere six points or 0.05% lower at 12,948.92 points, but recovering from an intraday low of 12,938 points.
The Gulf individuals were also seen net profit takers in the market, whose year-to-date gains were at 11.38%.
The foreign individuals’ net buying weakened in the bourse, whose capitalisation declined QR2.89bn or 0.4% to QR719.45bn mainly on the back of midcap segments.
The Islamic index was seen gaining vis-à-vis declines in the other indices in the market, which saw a total of 0.09mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.13mn change hands across 36 deals.
Trade turnover and volumes were on the decline in the main market, while the venture market saw higher turnover and volumes.
The local retail investors were seen bullish in the bourse, which saw no trading of sovereign bonds.
The Gulf institutions were also seen net buyers in the market, which saw no trading of treasury bills.
The Total Return Index was down 0.05% to 26,523.59 points and the All Share Index by 0.27% to 4,102.93 points, while the Al Rayan Islamic Index (Price) gained 0.34% to 2,863.96 points.
The banks and financial services sector index lost 0.65%, consumer goods and services (0.34%), insurance (0.27%) and industrials (0.15%); while telecom gained 1.94%, transport (1.01%) and realty (0.43%).
Major losers in the main market included Mannai Corporation, Qatar General Insurance and Reinsurance, Medicare Group, QNB, Qatar Islamic Insurance, QIIB and Industries Qatar.
In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, about 57% of the traded constituents in the main market extended gains with major movers being Ooredoo, Baladna, Al Meera, Qatar National Cement, Commercial Bank, Qatar First Bank, Aamal Company, Gulf International Services, Estithmar Holding, Qamco, Qatar Insurance, Barwa, Vodafone Qatar, Nakilat and Milaha.
In the junior bourse, Al Faleh Educational Holding saw its shares appreciate in value.
The foreign institutions turned net sellers to the tune of QR10.48mn compared with net buyers of QR18.8mn on September 7.
The Gulf retail investors were net sellers to the extent of QR0.63mn against net buyers of QR2.64mn the previous day.
The foreign individuals’ net buying declined perceptibly to QR0.85mn compared to QR1.97mn on Wednesday.
However, Qatari individuals turned net buyers to the tune of QR8.01mn against net sellers of QR1.05mn on September 7.
The Gulf institutions were net buyers to the extent of QR3.88mn compared with net sellers of QR14.24mn the previous day.
The Arab individuals’ net profit booking weakened markedly to QR1.1mn against QR2.04mn on Wednesday.
The domestic institutions’ net selling eased noticeably to QR0.52mn compared to QR6.09mn on September 7.
The Arab institutions continued to have no major net exposure for the fourth straight session.
Total trade volume in the main market fell 28% to 114.83mn shares, value by 17% to QR469.09mn and deals by 22% to 17,978.
In the venture market, there was a 47% expansion in trade volumes to 0.22mn equities and 52% in value to QR1.64mn on almost doubled transactions to 105.
The foreign funds were seen bearish as the 20-stock Qatar Index settled mere six points or 0.05% lower at 12,948.92 points, but recovering from an intraday low of 12,938 points.
The Gulf individuals were also seen net profit takers in the market, whose year-to-date gains were at 11.38%.
The foreign individuals’ net buying weakened in the bourse, whose capitalisation declined QR2.89bn or 0.4% to QR719.45bn mainly on the back of midcap segments.
The Islamic index was seen gaining vis-à-vis declines in the other indices in the market, which saw a total of 0.09mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.13mn change hands across 36 deals.
Trade turnover and volumes were on the decline in the main market, while the venture market saw higher turnover and volumes.
The local retail investors were seen bullish in the bourse, which saw no trading of sovereign bonds.
The Gulf institutions were also seen net buyers in the market, which saw no trading of treasury bills.
The Total Return Index was down 0.05% to 26,523.59 points and the All Share Index by 0.27% to 4,102.93 points, while the Al Rayan Islamic Index (Price) gained 0.34% to 2,863.96 points.
The banks and financial services sector index lost 0.65%, consumer goods and services (0.34%), insurance (0.27%) and industrials (0.15%); while telecom gained 1.94%, transport (1.01%) and realty (0.43%).
Major losers in the main market included Mannai Corporation, Qatar General Insurance and Reinsurance, Medicare Group, QNB, Qatar Islamic Insurance, QIIB and Industries Qatar.
In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, about 57% of the traded constituents in the main market extended gains with major movers being Ooredoo, Baladna, Al Meera, Qatar National Cement, Commercial Bank, Qatar First Bank, Aamal Company, Gulf International Services, Estithmar Holding, Qamco, Qatar Insurance, Barwa, Vodafone Qatar, Nakilat and Milaha.
In the junior bourse, Al Faleh Educational Holding saw its shares appreciate in value.
The foreign institutions turned net sellers to the tune of QR10.48mn compared with net buyers of QR18.8mn on September 7.
The Gulf retail investors were net sellers to the extent of QR0.63mn against net buyers of QR2.64mn the previous day.
The foreign individuals’ net buying declined perceptibly to QR0.85mn compared to QR1.97mn on Wednesday.
However, Qatari individuals turned net buyers to the tune of QR8.01mn against net sellers of QR1.05mn on September 7.
The Gulf institutions were net buyers to the extent of QR3.88mn compared with net sellers of QR14.24mn the previous day.
The Arab individuals’ net profit booking weakened markedly to QR1.1mn against QR2.04mn on Wednesday.
The domestic institutions’ net selling eased noticeably to QR0.52mn compared to QR6.09mn on September 7.
The Arab institutions continued to have no major net exposure for the fourth straight session.
Total trade volume in the main market fell 28% to 114.83mn shares, value by 17% to QR469.09mn and deals by 22% to 17,978.
In the venture market, there was a 47% expansion in trade volumes to 0.22mn equities and 52% in value to QR1.64mn on almost doubled transactions to 105.
