The Qatar Stock Exchange Sunday opened the week weak and its key barometer retreated below 12,700 levels on an across the board selling, especially in the telecom and banking counters.
The Gulf institutions were seen increasingly into net selling as the 20-stock Qatar Index shrank more than 88 points or 0.65% to 12,635.04 points, although it touched an intraday high of 12,748 points.
The foreign institutions turned net profit takers in the market, whose year-to-date gains were at 8.68%.
More than 77% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR4.25bn or 0.6% decrease to QR704bn, mainly on the back of mid and microcap segments.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 0.45mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.92mn changed hands across 78 deals.
Trade turnover and volumes were on the decline in the main market, while the venture market saw increased trade turnover and volumes.
The Arab retail investors were seen bearish in the bourse, which saw no trading of sovereign bonds.
However, the foreign retail investors and domestic funds turned net buyers in the main market, which saw no trading of treasury bills.
The Total Return Index shed 0.65% to 25,880.65 points, All Share Index by 0.62% to 4,014.26 points and Al Rayan Islamic Index (Price) by 0.52% to 2,760.31 points.
The telecom sector index lost 0.93%, banks and financial services (0.74%), industrials (0.55%), insurance (0.38%), transport (0.35%), real estate (0.27%) and consumer goods and services (0.23%).
Major losers in the main market included QLM, Gulf International Services, Mazaya Qatar, Salam International Investment, Dlala, Qatar Islamic Bank, Lesha Bank, Industries Qatar, Baladna, Qatari Investors Group, Estithmar Holding, Ooredoo and Gulf Warehousing. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Aamal Company, Qatar Electricity and Water, Al Meera, Milaha and United Development Company were among the gainers in the main market.
The Gulf institutions’ net selling increased substantially to QR18.01mn compared to QR7.72mn on October 13.
The foreign institutions turned net sellers to the tune of QR12.98mn against net buyers of QR8.26mn the previous trading day.
The Arab retail investors were net sellers to the extent of QR0.74mn compared with net buyers of QR7.43mn last Thursday.
However, Qatari individuals’ net buying expanded significantly to QR22.71mn against QR6.03mn on October 13.
The foreign individuals turned net buyers to the tune of QR4.36mn compared with net sellers of QR0.07mn the previous trading day.
The domestic institutions were net buyers to the extent of QR3.96mn against net profit takers of QR10.07mn last Thursday.
The Gulf individuals turned net buyers to the tune of QR0.68mn compared with net sellers of QR3.86mn on October 13.
The Arab institutions continued to have no major net exposure for the third straight session.
Total trade volume in the main market plunged 51% to 87.2mn shares, value by 52% to QR218.3mn and deals by 53% to 7,450.
The venture market saw more than doubled trade volumes at 0.08mn equities and value more than tripled to QR0.6mn amidst flat transactions at 24.
The Gulf institutions were seen increasingly into net selling as the 20-stock Qatar Index shrank more than 88 points or 0.65% to 12,635.04 points, although it touched an intraday high of 12,748 points.
The foreign institutions turned net profit takers in the market, whose year-to-date gains were at 8.68%.
More than 77% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR4.25bn or 0.6% decrease to QR704bn, mainly on the back of mid and microcap segments.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 0.45mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.92mn changed hands across 78 deals.
Trade turnover and volumes were on the decline in the main market, while the venture market saw increased trade turnover and volumes.
The Arab retail investors were seen bearish in the bourse, which saw no trading of sovereign bonds.
However, the foreign retail investors and domestic funds turned net buyers in the main market, which saw no trading of treasury bills.
The Total Return Index shed 0.65% to 25,880.65 points, All Share Index by 0.62% to 4,014.26 points and Al Rayan Islamic Index (Price) by 0.52% to 2,760.31 points.
The telecom sector index lost 0.93%, banks and financial services (0.74%), industrials (0.55%), insurance (0.38%), transport (0.35%), real estate (0.27%) and consumer goods and services (0.23%).
Major losers in the main market included QLM, Gulf International Services, Mazaya Qatar, Salam International Investment, Dlala, Qatar Islamic Bank, Lesha Bank, Industries Qatar, Baladna, Qatari Investors Group, Estithmar Holding, Ooredoo and Gulf Warehousing. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Aamal Company, Qatar Electricity and Water, Al Meera, Milaha and United Development Company were among the gainers in the main market.
The Gulf institutions’ net selling increased substantially to QR18.01mn compared to QR7.72mn on October 13.
The foreign institutions turned net sellers to the tune of QR12.98mn against net buyers of QR8.26mn the previous trading day.
The Arab retail investors were net sellers to the extent of QR0.74mn compared with net buyers of QR7.43mn last Thursday.
However, Qatari individuals’ net buying expanded significantly to QR22.71mn against QR6.03mn on October 13.
The foreign individuals turned net buyers to the tune of QR4.36mn compared with net sellers of QR0.07mn the previous trading day.
The domestic institutions were net buyers to the extent of QR3.96mn against net profit takers of QR10.07mn last Thursday.
The Gulf individuals turned net buyers to the tune of QR0.68mn compared with net sellers of QR3.86mn on October 13.
The Arab institutions continued to have no major net exposure for the third straight session.
Total trade volume in the main market plunged 51% to 87.2mn shares, value by 52% to QR218.3mn and deals by 53% to 7,450.
The venture market saw more than doubled trade volumes at 0.08mn equities and value more than tripled to QR0.6mn amidst flat transactions at 24.