The global apprehensions on rising interest rates and escalating Russia-Ukraine crisis had its ripple effect on the Qatar Stock Exchange, which Tuesday saw its index plummet 159 points and capitalisation erode QR11bn.
The industrials, real estate, insurance and banking counters witnessed higher than average selling pressure as the 20-stock Qatar Index tanked 1.23% to 12,754.52 points, although it touched an intraday high of 12,966 points.
The Gulf institutions were increasingly net sellers in the market, whose year-to-date truncated further to 9.71%.
The foreign funds’ substantially weakened net buying had its influence in the main bourse, whose capitalisation saw QR11.09bn or 1.54% decrease to QR707.42bn, mainly on the back of large and midcap segments.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 0.08mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.9mn changed hands across 62 deals.
Trade turnover and volumes were on the increase in the main market, while the venture market saw decreased trade turnover and volumes.
More than 86% of the traded constituents were in the red in the bourse, which saw no trading of sovereign bonds.
The foreign individual investors were seen bearish and the local retail investors were increasingly net sellers in the main market, which saw no trading of treasury bills.
The Total Return Index shed 1.23% to 26,125.39 points, All Share Index by 1.27% to 4,048.05 points and Al Rayan Islamic Index (Price) by 1.22% to 2,781.92 points.
The industrials sector index plunged 2.12%, real estate (2.02%), insurance (1.48%), banks and financial services (1.27%) and consumer goods and services (0.58%); while telecom and transport gained 0.52% and 0.42% respectively.
Major losers in the main market included Ezdan, Alijarah Holding, Industries Qatar, Mazaya Qatar, Gulf International Services, Al Khaleej Takaful, QNB, Doha Bank, Lesha Bank, Baladna, Mesaieed Petrochemical Holding and Baladna. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Qatar Industrial Manufacturing, Nakilat, Commercial Bank, Vodafone Qatar and Ooredoo were among the gainers in the main market.
The Gulf institutions turned net selling increased markedly to QR9.43mn compared to QR2.77mn on October 10.
The foreign individuals were net sellers to the tune of QR7.03mn against net buyers of QR2.67mn the previous day.
Qatari individuals’ net profit booking increased perceptibly to QR1.87mn compared to QR0.17mn on Monday.
The Arab institutions’ net selling expanded marginally to QR0.11mn against QR0.02mn on October 10.
The foreign institutions’ net buying declined significantly to QR6.16mn compared to QR26.41mn the previous day.
However, the Arab retail investors were net buyers to the extent of QR8.67mn against net sellers of QR1.79mn on Monday.
The domestic institutions turned net buyers to the tune of QR3.8mn compared with net sellers of QR24.07mn on October 10.
The Gulf individuals’ net profit booking eased marginally to QR0.19mn against QR0.26mn the previous day.
Total trade volume in the main market rose 16% to 148.73mn shares, value by 11% to QR392.25mn and deals by 11% to 14,755.
The venture market saw a 25% contraction in trade volumes to 0.06mn equities, 25% in value to QR0.43mn and 25% in transactions to 44.
The industrials, real estate, insurance and banking counters witnessed higher than average selling pressure as the 20-stock Qatar Index tanked 1.23% to 12,754.52 points, although it touched an intraday high of 12,966 points.
The Gulf institutions were increasingly net sellers in the market, whose year-to-date truncated further to 9.71%.
The foreign funds’ substantially weakened net buying had its influence in the main bourse, whose capitalisation saw QR11.09bn or 1.54% decrease to QR707.42bn, mainly on the back of large and midcap segments.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 0.08mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.9mn changed hands across 62 deals.
Trade turnover and volumes were on the increase in the main market, while the venture market saw decreased trade turnover and volumes.
More than 86% of the traded constituents were in the red in the bourse, which saw no trading of sovereign bonds.
The foreign individual investors were seen bearish and the local retail investors were increasingly net sellers in the main market, which saw no trading of treasury bills.
The Total Return Index shed 1.23% to 26,125.39 points, All Share Index by 1.27% to 4,048.05 points and Al Rayan Islamic Index (Price) by 1.22% to 2,781.92 points.
The industrials sector index plunged 2.12%, real estate (2.02%), insurance (1.48%), banks and financial services (1.27%) and consumer goods and services (0.58%); while telecom and transport gained 0.52% and 0.42% respectively.
Major losers in the main market included Ezdan, Alijarah Holding, Industries Qatar, Mazaya Qatar, Gulf International Services, Al Khaleej Takaful, QNB, Doha Bank, Lesha Bank, Baladna, Mesaieed Petrochemical Holding and Baladna. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Qatar Industrial Manufacturing, Nakilat, Commercial Bank, Vodafone Qatar and Ooredoo were among the gainers in the main market.
The Gulf institutions turned net selling increased markedly to QR9.43mn compared to QR2.77mn on October 10.
The foreign individuals were net sellers to the tune of QR7.03mn against net buyers of QR2.67mn the previous day.
Qatari individuals’ net profit booking increased perceptibly to QR1.87mn compared to QR0.17mn on Monday.
The Arab institutions’ net selling expanded marginally to QR0.11mn against QR0.02mn on October 10.
The foreign institutions’ net buying declined significantly to QR6.16mn compared to QR26.41mn the previous day.
However, the Arab retail investors were net buyers to the extent of QR8.67mn against net sellers of QR1.79mn on Monday.
The domestic institutions turned net buyers to the tune of QR3.8mn compared with net sellers of QR24.07mn on October 10.
The Gulf individuals’ net profit booking eased marginally to QR0.19mn against QR0.26mn the previous day.
Total trade volume in the main market rose 16% to 148.73mn shares, value by 11% to QR392.25mn and deals by 11% to 14,755.
The venture market saw a 25% contraction in trade volumes to 0.06mn equities, 25% in value to QR0.43mn and 25% in transactions to 44.