Strong profit booking, especially in the banking, industrials and insurance counters, Wednesday dragged the Qatar Stock Exchange more than 69 points in key barometer and QR5bn in capitalisation.
The foreign individuals were seen bearish as the 20-stock Qatar Index declined 0.55% to 12,652.71 points, having touched an intraday high of 12,749 points.
The foreign institutions’ weakened net buying had its influence in the market, whose year-to-date gains were limited to 8.33%.
About 72% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR4.88bn or 0.69% decrease to QR705.28bn, mainly on the back of mid and large cap segments.
The Islamic index was seen declining faster 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 QR0.44mn changed hands across 26 deals.
Trade turnover and volumes were on the decline in the main market as well as the venture market.
The domestic institutions continued to be net profit takers but with lesser intensity in the bourse, which saw no trading of sovereign bonds.
The local retail investors were seen bullish in the main market, which saw no trading of treasury bills.
The Total Return Index shed 0.55% to 25,916.86 points, Al Rayan Islamic Index (Price) by 0.62% to 2,766.24 points and All Share Index by 0.52% to 4,022.59 points.
The industrials sector index shrank 1.56%, insurance (0.76%), banks and financial services (0.36%) and real estate (0.23%); while transport gained 0.21% and consumer goods and services 0.04%.
Major losers in the main market included Aamal Company, Qatari German Medical Devices, Ezdan, Dlala, Qatar Industrial Manufacturing, Masraf Al Rayan, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Estithmar Holding and Qamco. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Zad Holding, Nakilat, Vodafone Qatar, Barwa and QIIB were among the gainers in the main market.
The foreign individuals turned net sellers to the tune of QR5.58mn against net buyers of QR3.64mn on October 18.
The Gulf individuals’ net profit booking grew perceptibly to QR1.72mn compared to QR0.12mn the previous day.
The foreign institutions’ net buying weakened considerably to QR31.11mn against QR54.26mn on Tuesday.
However, Qatari individuals turned net buyers to the extent of QR8.66mn compared with net sellers of QR6.65mn on October 18.
The Arab retail investors were net buyers to the tune of QR2.45mn against net sellers of QR0.77mn the previous day.
The domestic institutions’ net selling weakened perceptibly to QR34.93mn compared to QR37.71mn on Tuesday.
The Arab institutions continued to have no major net exposure for the sixth consecutive session.
Total trade volume in the main market shrank 13% to 134.49mn shares, value by 3% to QR406.17mn and deals by 8% to 13,169.
The venture market saw a 25% reduction in trade volumes to 0.03mn equities, 27% in value to QR0.19mn and 45% in transactions to 18.
The foreign individuals were seen bearish as the 20-stock Qatar Index declined 0.55% to 12,652.71 points, having touched an intraday high of 12,749 points.
The foreign institutions’ weakened net buying had its influence in the market, whose year-to-date gains were limited to 8.33%.
About 72% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR4.88bn or 0.69% decrease to QR705.28bn, mainly on the back of mid and large cap segments.
The Islamic index was seen declining faster 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 QR0.44mn changed hands across 26 deals.
Trade turnover and volumes were on the decline in the main market as well as the venture market.
The domestic institutions continued to be net profit takers but with lesser intensity in the bourse, which saw no trading of sovereign bonds.
The local retail investors were seen bullish in the main market, which saw no trading of treasury bills.
The Total Return Index shed 0.55% to 25,916.86 points, Al Rayan Islamic Index (Price) by 0.62% to 2,766.24 points and All Share Index by 0.52% to 4,022.59 points.
The industrials sector index shrank 1.56%, insurance (0.76%), banks and financial services (0.36%) and real estate (0.23%); while transport gained 0.21% and consumer goods and services 0.04%.
Major losers in the main market included Aamal Company, Qatari German Medical Devices, Ezdan, Dlala, Qatar Industrial Manufacturing, Masraf Al Rayan, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Estithmar Holding and Qamco. In the venture market, Mekdam Holding saw its shares depreciate in value.
Nevertheless, Zad Holding, Nakilat, Vodafone Qatar, Barwa and QIIB were among the gainers in the main market.
The foreign individuals turned net sellers to the tune of QR5.58mn against net buyers of QR3.64mn on October 18.
The Gulf individuals’ net profit booking grew perceptibly to QR1.72mn compared to QR0.12mn the previous day.
The foreign institutions’ net buying weakened considerably to QR31.11mn against QR54.26mn on Tuesday.
However, Qatari individuals turned net buyers to the extent of QR8.66mn compared with net sellers of QR6.65mn on October 18.
The Arab retail investors were net buyers to the tune of QR2.45mn against net sellers of QR0.77mn the previous day.
The domestic institutions’ net selling weakened perceptibly to QR34.93mn compared to QR37.71mn on Tuesday.
The Arab institutions continued to have no major net exposure for the sixth consecutive session.
Total trade volume in the main market shrank 13% to 134.49mn shares, value by 3% to QR406.17mn and deals by 8% to 13,169.
The venture market saw a 25% reduction in trade volumes to 0.03mn equities, 27% in value to QR0.19mn and 45% in transactions to 18.