The Qatar Stock Exchange Tuesday fell more than 88 points, mainly dragged by the industrials and consumer goods sectors.
The Gulf funds were increasingly into net selling as the 20-stock Qatar Index settled 0.71% lower at 12,411 points, but recovering from an intraday low of 12,353 points.
The foreign institutions were seen bearish in the market, whose year-to-date gains truncated further to 6.75%.
The Arab retail investors were also net profit takers in the main bourse, whose capitalisation saw QR6.08bn or 0.87% decrease to QR689.16bn, mainly on the back of micro and midcap 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 QR0.42mn changed hands across 33 deals.
Trade turnover and volumes were on the increase in the main as well as venture market.
The domestic institutions continued to be net sellers but with lesser intensity in the bourse, which saw no trading of sovereign bonds.
The local retail investors were increasingly bullish in the main market, which saw no trading of treasury bills.
The Total Return Index shrank 0.71% to 25,421.76 points, Al Rayan Islamic Index (Price) by 0.62% to 2,732.79 points and All Share Index by 0.78% to 3,939.73 points.
The industrials sector index tanked 1.14%, consumer goods and services (1%), banks and financial services (0.91%) and real estate (0.26%), while insurance gained 0.9%, telecom (0.39%) and transport (0.02%).
About 69% of the traded constituents were in the red in the main market and included Qatari German Medical Devices, Dlala, Qamco, Salam International Investment, Lesha Bank, Commercial Bank, QNB, Alijarah Holding, Industries Qatar, Mesaieed Petrochemical Holding, Ezdan, Mazaya Qatar and Vodafone Qatar. In the venture market, Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Aamal Company, Qatar General Insurance and Reinsurance, Qatar Electricity and Water, Qatar Insurance and QLM were among the gainers in the main market.
The Gulf institutions’ net profit booking increased considerably to QR16.94mn compared to QR2.38mn on October 24.
The foreign institutions turned net sellers to the tune of QR13.18mn against net buyers of QR7.77mn the previous day.
The Arab institutions were net profit takers to the extent of QR3.57mn compared with no major net exposure on Monday.
The Arab retail investors turned net sellers to the tune of QR1.75mn against net buyers of QR2.65mn on October 24.
The foreign individuals’ net buying weakened perceptibly to QR2.53mn compared to QR4.4mn the previous day.
However, Qatari individuals’ net buying expanded significantly to QR46.63mn against QR4.04mn on Monday.
The Gulf individuals were net buyers to the extent of QR0.35mn compared with net sellers of QR0.15mn on October 24.
The domestic institutions’ net selling weakened markedly to QR14.07mn against QR16.32mn the previous day.
Total trade volume in the main market rose 59% to 154.54mn shares, value by 51% to QR526.14mn and deals by 65% to 19,793.
The venture market saw a 67% surge in trade volumes to 0.05mn equities and value more than tripled to QR0.36mn on more than tripled transactions to 33.
The Gulf funds were increasingly into net selling as the 20-stock Qatar Index settled 0.71% lower at 12,411 points, but recovering from an intraday low of 12,353 points.
The foreign institutions were seen bearish in the market, whose year-to-date gains truncated further to 6.75%.
The Arab retail investors were also net profit takers in the main bourse, whose capitalisation saw QR6.08bn or 0.87% decrease to QR689.16bn, mainly on the back of micro and midcap 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 QR0.42mn changed hands across 33 deals.
Trade turnover and volumes were on the increase in the main as well as venture market.
The domestic institutions continued to be net sellers but with lesser intensity in the bourse, which saw no trading of sovereign bonds.
The local retail investors were increasingly bullish in the main market, which saw no trading of treasury bills.
The Total Return Index shrank 0.71% to 25,421.76 points, Al Rayan Islamic Index (Price) by 0.62% to 2,732.79 points and All Share Index by 0.78% to 3,939.73 points.
The industrials sector index tanked 1.14%, consumer goods and services (1%), banks and financial services (0.91%) and real estate (0.26%), while insurance gained 0.9%, telecom (0.39%) and transport (0.02%).
About 69% of the traded constituents were in the red in the main market and included Qatari German Medical Devices, Dlala, Qamco, Salam International Investment, Lesha Bank, Commercial Bank, QNB, Alijarah Holding, Industries Qatar, Mesaieed Petrochemical Holding, Ezdan, Mazaya Qatar and Vodafone Qatar. In the venture market, Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Aamal Company, Qatar General Insurance and Reinsurance, Qatar Electricity and Water, Qatar Insurance and QLM were among the gainers in the main market.
The Gulf institutions’ net profit booking increased considerably to QR16.94mn compared to QR2.38mn on October 24.
The foreign institutions turned net sellers to the tune of QR13.18mn against net buyers of QR7.77mn the previous day.
The Arab institutions were net profit takers to the extent of QR3.57mn compared with no major net exposure on Monday.
The Arab retail investors turned net sellers to the tune of QR1.75mn against net buyers of QR2.65mn on October 24.
The foreign individuals’ net buying weakened perceptibly to QR2.53mn compared to QR4.4mn the previous day.
However, Qatari individuals’ net buying expanded significantly to QR46.63mn against QR4.04mn on Monday.
The Gulf individuals were net buyers to the extent of QR0.35mn compared with net sellers of QR0.15mn on October 24.
The domestic institutions’ net selling weakened markedly to QR14.07mn against QR16.32mn the previous day.
Total trade volume in the main market rose 59% to 154.54mn shares, value by 51% to QR526.14mn and deals by 65% to 19,793.
The venture market saw a 67% surge in trade volumes to 0.05mn equities and value more than tripled to QR0.36mn on more than tripled transactions to 33.