The industrials and banking counters witnessed higher than average selling pressure as the 20-stock Qatar Index settled 0.48 points lower this week which saw Qatar Islamic Bank report net profit of QR2.85bn in the first nine months (9M) of this year.
More than 68% of the traded constituents were in the red in the main market this week which saw Commercial Bank report 9M net profit at QR2.2bn.
The domestic institutions’ increased net selling rather dampened the sentiments this week which saw Nakilat register QR1.14bn net profit in January-September this year.
The Islamic index was seen declining slower than the other indices this week which saw five of the seven sectors reel under selling pressure.
The Gulf funds were also increasingly net profit takers this week which saw Qatar’s industrial production index soar 7.3% on an annualised basis this August.
The local retail investors continued to be net sellers but with lesser intensity this week which saw a Kamco Invest report that highlighted $3.4bn worth of contracts being awarded in Qatar during the third quarter of this year.
In the main market, trade turnover grew amidst lower volumes; while the venture market saw lower turnover and volumes this week which saw a total of 0.49mn Masraf Al Rayan-sponsored exchange traded fund QATR worth QR1.33mn trade across 41 deals.
The foreign retail investors were seen bullish this week which saw as many as 0.36mn Doha Bank-sponsored QETF valued at QR4.4mn change hands across 252 transactions.
Market capitalisation was seen eroding QR4.7bn or 0.66% to QR703.55bn on the back of microcap segments this week which saw the industrials and realty sectors together constitute more than 59% of the total trade volume in the main market.
The Total Return Index shed 0.48%, All Share Index by 0.57% and All Islamic Index by 0.16% this week, which saw no trading of sovereign bonds.
The industrials sector index shrank 1.35%, banks and financial services (0.62%), telecom (0.28%), consumer goods and services (0.13%) and insurance (0.04%); while transport and real estate gained 0.87% and 0.56% respectively this week which saw no trading of treasury bills.
Major losers in the main market included Dlala, Qatari German Medical Devices, Commercial Bank, Lesha Bank, Al Khaleej Takaful, Qatar Oman Investment, Salam International Investment, Baladna, Industries Qatar, Gulf International Services and QLM. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value this week.
Nevertheless, Masraf Al Rayan, Qatar Electricity and Water, Nakilat, Barwa, Mazaya Qatar, Woqod and Estithmar Holding were among the gainers in the main market this week.
The domestic institutions’ net selling increased substantially to QR124.22mn compared to QR49.46mn the week ended October 13.
The Gulf institutions’ net profit booking enhanced significantly to QR68.55mn against QR23.83mn a week ago.
The Arab individuals’ net buying weakened markedly to QR5.89mn compared to QR18.91mn the previous week.
However, the foreign funds’ net buying strengthened considerably to QR245.12mn against QR162.78mn the week ended October 13.
The foreign individuals turned net buyers to the tune of QR9.16mn compared with net sellers of QR11.84mn a week ago.
The local retail investors’ net selling shrank noticeably to QR65.19mn against QR91.39mn the previous week.
The Gulf individuals’ net profit booking eased perceptibly to QR2.2mn compared to QR5.03mn on October 13.
The Arab institutions’ net profit booking eased marginally to QR0.13mn against QR0.17mn a week ago.
Total trade volume in the main market fell 20% to 606.31mn shares, while value grew 4% to QR2.02bn and deals by 12% to 62,428.
The venture market reported 6% contraction in trade volumes to 0.33mn equities, 4% in value to QR2.43mn and 20% in transactions to 200.
More than 68% of the traded constituents were in the red in the main market this week which saw Commercial Bank report 9M net profit at QR2.2bn.
The domestic institutions’ increased net selling rather dampened the sentiments this week which saw Nakilat register QR1.14bn net profit in January-September this year.
The Islamic index was seen declining slower than the other indices this week which saw five of the seven sectors reel under selling pressure.
The Gulf funds were also increasingly net profit takers this week which saw Qatar’s industrial production index soar 7.3% on an annualised basis this August.
The local retail investors continued to be net sellers but with lesser intensity this week which saw a Kamco Invest report that highlighted $3.4bn worth of contracts being awarded in Qatar during the third quarter of this year.
In the main market, trade turnover grew amidst lower volumes; while the venture market saw lower turnover and volumes this week which saw a total of 0.49mn Masraf Al Rayan-sponsored exchange traded fund QATR worth QR1.33mn trade across 41 deals.
The foreign retail investors were seen bullish this week which saw as many as 0.36mn Doha Bank-sponsored QETF valued at QR4.4mn change hands across 252 transactions.
Market capitalisation was seen eroding QR4.7bn or 0.66% to QR703.55bn on the back of microcap segments this week which saw the industrials and realty sectors together constitute more than 59% of the total trade volume in the main market.
The Total Return Index shed 0.48%, All Share Index by 0.57% and All Islamic Index by 0.16% this week, which saw no trading of sovereign bonds.
The industrials sector index shrank 1.35%, banks and financial services (0.62%), telecom (0.28%), consumer goods and services (0.13%) and insurance (0.04%); while transport and real estate gained 0.87% and 0.56% respectively this week which saw no trading of treasury bills.
Major losers in the main market included Dlala, Qatari German Medical Devices, Commercial Bank, Lesha Bank, Al Khaleej Takaful, Qatar Oman Investment, Salam International Investment, Baladna, Industries Qatar, Gulf International Services and QLM. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value this week.
Nevertheless, Masraf Al Rayan, Qatar Electricity and Water, Nakilat, Barwa, Mazaya Qatar, Woqod and Estithmar Holding were among the gainers in the main market this week.
The domestic institutions’ net selling increased substantially to QR124.22mn compared to QR49.46mn the week ended October 13.
The Gulf institutions’ net profit booking enhanced significantly to QR68.55mn against QR23.83mn a week ago.
The Arab individuals’ net buying weakened markedly to QR5.89mn compared to QR18.91mn the previous week.
However, the foreign funds’ net buying strengthened considerably to QR245.12mn against QR162.78mn the week ended October 13.
The foreign individuals turned net buyers to the tune of QR9.16mn compared with net sellers of QR11.84mn a week ago.
The local retail investors’ net selling shrank noticeably to QR65.19mn against QR91.39mn the previous week.
The Gulf individuals’ net profit booking eased perceptibly to QR2.2mn compared to QR5.03mn on October 13.
The Arab institutions’ net profit booking eased marginally to QR0.13mn against QR0.17mn a week ago.
Total trade volume in the main market fell 20% to 606.31mn shares, while value grew 4% to QR2.02bn and deals by 12% to 62,428.
The venture market reported 6% contraction in trade volumes to 0.33mn equities, 4% in value to QR2.43mn and 20% in transactions to 200.
