The US rate hike continued to have its influence on the Qatar Stock Exchange, which Sunday opened the week weak and its key index tanked 192 points and capitalisation eroded QR12bn.
An across the board selling, particularly in the industrials, transport and real estate counters, led the 20-stock Qatar Index plummet 1.52% to 12,451.72 points, although it touched an intraday high of 12,646 points.
The local retail investors were net profit takers in the market, whose year-to-date gains truncated further to 7.1%.
More than 89% of the traded constituents were in the red in the bourse, whose capitalisation eroded QR11.97bn or 1.71% to QR687.87bn, mainly on the back of large and midcap segments.
The Islamic index declined faster than the other indices in the market, which saw a total of 0.07mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.8mn changed hands across 40 deals.
Trade turnover were seen increasing amidst decline in volumes in the main market; whereas in the venture market, both trade turnover and volumes were on an expansive mode.
The Arab individuals were seen bearish in the bourse, which saw no trading of sovereign bonds.
The foreign institutions were also seen net sellers in the market, which saw no trading of treasury bills.
The Total Return Index declined 1.52% to 25,505.15 points, All Share Index by 1.52% to 3,959.83 points and Al Rayan Islamic Index (Price) by 1.9% to 2,727.17 points.
The industrials sector index tanked 2.89%, transport (1.94%), realty (1.71%), banks and financial services (1.05%), insurance (1.01%), telecom (0.98%) and consumer goods and services (0.84%).
Major losers in the main market included Mannai Corporation, Qamco, Qatari Investors Group, Gulf International Services, Mazaya Qatar, Doha Bank, QNB, Qatar First Bank, Qatari German Medical Devices, Industries Qatar, Baladna, Aamal Company, Estithmar Holding, Ezdan, Vodafone Qatar and Milaha. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Commercial Bank and Qatar Electricity and Water were the only two gainers in the main market.
The local retail investors turned net sellers to the tune of QR17.43mn compared with net buyers of QR13.46mn on September 22.
The Arab individuals were net sellers to the extent of QR2mn against net buyers of QR6.54mn the previous trading day.
The foreign institutions turned net sellers to the tune of QR1.03mn compared with net buyers of QR2.66mn last Thursday.
The Gulf retail investors’ net profit booking expanded marginally to QR0.8mn against QR0.32mn on September 22.
However, the domestic funds were net buyers to the extent of QR15.84mn compared with net sellers of QR4.86mn the previous trading day.
The foreign individuals’ net buying strengthened perceptibly to QR7.03mn against QR3.47mn last Thursday.
The Gulf institutions’ net selling decreased significantly to QR1.61mn compared to QR21.36mn on September 22.
The Arab institutions had no major net exposure against net buyers to the tune of QR0.42mn the previous trading day.
Total trade volume in the main market grew 2% to 123.81mn shares, while value shrank 20% to QR315.81mn and deals by 36% to 8,675.
The venture market saw trade volumes jump more than five-fold to 0.44mn equities and value grow more than six-fold value to QR2.54mn on almost tripled transactions to 112.
An across the board selling, particularly in the industrials, transport and real estate counters, led the 20-stock Qatar Index plummet 1.52% to 12,451.72 points, although it touched an intraday high of 12,646 points.
The local retail investors were net profit takers in the market, whose year-to-date gains truncated further to 7.1%.
More than 89% of the traded constituents were in the red in the bourse, whose capitalisation eroded QR11.97bn or 1.71% to QR687.87bn, mainly on the back of large and midcap segments.
The Islamic index declined faster than the other indices in the market, which saw a total of 0.07mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.8mn changed hands across 40 deals.
Trade turnover were seen increasing amidst decline in volumes in the main market; whereas in the venture market, both trade turnover and volumes were on an expansive mode.
The Arab individuals were seen bearish in the bourse, which saw no trading of sovereign bonds.
The foreign institutions were also seen net sellers in the market, which saw no trading of treasury bills.
The Total Return Index declined 1.52% to 25,505.15 points, All Share Index by 1.52% to 3,959.83 points and Al Rayan Islamic Index (Price) by 1.9% to 2,727.17 points.
The industrials sector index tanked 2.89%, transport (1.94%), realty (1.71%), banks and financial services (1.05%), insurance (1.01%), telecom (0.98%) and consumer goods and services (0.84%).
Major losers in the main market included Mannai Corporation, Qamco, Qatari Investors Group, Gulf International Services, Mazaya Qatar, Doha Bank, QNB, Qatar First Bank, Qatari German Medical Devices, Industries Qatar, Baladna, Aamal Company, Estithmar Holding, Ezdan, Vodafone Qatar and Milaha. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Commercial Bank and Qatar Electricity and Water were the only two gainers in the main market.
The local retail investors turned net sellers to the tune of QR17.43mn compared with net buyers of QR13.46mn on September 22.
The Arab individuals were net sellers to the extent of QR2mn against net buyers of QR6.54mn the previous trading day.
The foreign institutions turned net sellers to the tune of QR1.03mn compared with net buyers of QR2.66mn last Thursday.
The Gulf retail investors’ net profit booking expanded marginally to QR0.8mn against QR0.32mn on September 22.
However, the domestic funds were net buyers to the extent of QR15.84mn compared with net sellers of QR4.86mn the previous trading day.
The foreign individuals’ net buying strengthened perceptibly to QR7.03mn against QR3.47mn last Thursday.
The Gulf institutions’ net selling decreased significantly to QR1.61mn compared to QR21.36mn on September 22.
The Arab institutions had no major net exposure against net buyers to the tune of QR0.42mn the previous trading day.
Total trade volume in the main market grew 2% to 123.81mn shares, while value shrank 20% to QR315.81mn and deals by 36% to 8,675.
The venture market saw trade volumes jump more than five-fold to 0.44mn equities and value grow more than six-fold value to QR2.54mn on almost tripled transactions to 112.
