The Qatar Stock Exchange on Sunday opened the week weak with its key index plummeting more than 147 points, mainly dragged by transport, real estate and industrials counters.
The foreign funds were seen net profit takers as the 20-stock Qatar Index lost 1.16% to 12,548.04 points, although it touched an intraday high of 12,695 points.
The Gulf institutions were also seen bearish in the market, whose year-to-date gains declined to 7.93%.
About 76% of the traded constituents were on the decline in the main bourse, whose capitalisation saw QR7.98bn or 1.13% erosion to QR697.36bn, mainly on the back of small and large cap segments.
The Islamic index declined slower than the other indices in the market, which saw a total of 0.05mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.4mn changed hands across 26 deals.
Trade turnover and volumes were seen decreasing in both the main and venture markets.
However, the domestic institutions were seen bullish in the bourse, which saw no trading of sovereign bonds.
Both the Arab and foreign retail investors were seen net buyers in the market, which saw no trading of treasury bills.
The Total Return Index shed 1.16% to 25,702.46 points, All Share Index by 1.15% to 3,987.7 points and Al Rayan Islamic Index (Price) by 1.02% to 2,717.59 points.
The transport sector index plummeted 2.76%, realty (1.86%), industrials (1.29%), banks and financial services (0.99%), insurance (0.87%), consumer goods and services (0.75%) and telecom (0.03%).
Major losers in the main market included QLM, Nakilat, Barwa, Zad Holding, Industries Qatar, Mannai Corporation, QNB, Qatar Islamic Bank, Estithmar Holding, Inma Holding, Baladna, Mesaieed Petrochemical Holding, Qatari Investors Group, Mazaya Qatar and Gulf Warehousing. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
Nevertheless, Ahlibank Qatar, QIIB, Aamal Company, Dlala and Lesha Bank were among the gainers in the main market. In the juniour bourse, Mekdam Holding saw its shares appreciate in value.
The foreign institutions turned net sellers to the tune of QR8.57mn compared with net buyers of QR40.07mn on September 29.
The Gulf institutions were net sellers to the extent of QR3.08mn against net buyers of QR6.12mn the previous trading day.
However, the domestic institutions turned net buyers to the tune of QR212.17mn compared with net sellers of QR18.73mn last Thursday.
The Arab retail investors were net buyers to the extent of QR3.3mn against net sellers of QR5.94mn on September 29.
The foreign individuals turned net buyers to the tune of QR1.91mn compared with net sellers of QR0.22mn the previous trading day.
The Arab institutions were net buyers to the extent of QR0.25mn against net sellers of QR0.25mn last Thursday.
Qatari individuals’ net profit booking weakened notably to QR14.25mn compared to QR18.29mn on September 29.
The Gulf retail investors’ net selling eased perceptibly to QR0.73mn against QR2.76mn the previous trading day.
Total trade volume in the main market tanked 66% to 73.37mn shares, value by 64% to QR247.81mn and deals by 61 to 8,435.
The venture market saw 69% plunge in trade volumes to 0.09mn equities, 89% in value to QR0.23mn and 86% in transactions to 22.
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