Reflecting the weakened global energy markets, the Qatar Stock Exchange Wednesday saw its key index plummet more than 203 points and capitalisation erode about QR9bn.
The insurance and industrials counters witnessed higher than average selling pressure as the 20-stock Qatar Index declined 1.64% to 12,207.61 points, but recovering from an intraday low of 12,095 points.
The foreign institutions were increasingly net profit takers in the market, whose year-to-date gains truncated further to 5%.
The Gulf institutions were also increasingly into net selling in the main bourse, whose capitalisation saw QR8.53bn or 1.24% plunge to QR680.63bn, mainly on the back of midcap segments.
The Islamic index declined slower than the other indices in the market, which saw a total of 0.13mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.17mn changed hands across 63 deals.
Trade turnover and volumes were on the increase in the main as well as venture market.
The Arab individuals turned net buyers in the bourse, which saw no trading of sovereign bonds.
The foreign retail investors were increasingly bullish in the main market, which saw no trading of treasury bills.
The Total Return Index shrank 1.64% to 25,005.15 points, Al Rayan Islamic Index (Price) by 1.49% to 2,692.04 points and All Share Index by 1.29% to 2,889.05 points.
The insurance sector index plummeted 2.62%, industrials (2%), banks and financial services (1.44%) and real estate (1.16%); while consumer goods and services gained 0.36%, telecom (0.25%) and transport (0.15%).
More than 73% of the traded constituents were in the red in the main market and included Al Khaleej Takaful, Commercial Bank, Masraf Al Rayan, Dlala, Qatar Oman Investment, Lesha Bank, Alijarah Group, Industries Qatar, Aamal Company, Estithmar Holding, Qamco, Mesaieed Petrochemical Holding and Ezdan. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Medicare Group, Doha Insurance, Qatar Industrial Manufacturing, Al Meera and Vodafone Qatar were among the gainers in the main market.
The domestic institutions’ net selling increased significantly to QR49.79mn compared to QR14.07mn on October 25.
The Gulf institutions’ net profit booking grew considerably to QR29.19mn against QR16.94mn the previous day.
The Gulf individuals’ net buying weakened marginally to QR0.2mn compared to QR0.35mn on Tuesday.
However, Qatari individuals’ net buying expanded substantially to QR70.37mn compared to QR46.63mn on October 25.
The Arab retail investors turned net buyers to the tune of QR9.65mn against net sellers of QR1.75mn the previous day.
The foreign individuals’ net buying expanded perceptibly to QR7.65mn compared to QR2.53mn on Tuesday.
The Arab institutions were net buyers to the extent of QR0.27mn against net profit takers of QR3.57mn on October 25.
The foreign institutions’ net profit booking weakened perceptibly to QR9.16mn compared to QR13.18mn the previous day.
Total trade volume in the main market rose 37% to 211.79mn shares, value by 27% to QR670.72mn and deals by 9% to 21,476.
The venture market saw trade volumes quadruple to 0.2mn equities and value more than tripled to QR1.37mn on 42% expansion in transactions to 47.
The insurance and industrials counters witnessed higher than average selling pressure as the 20-stock Qatar Index declined 1.64% to 12,207.61 points, but recovering from an intraday low of 12,095 points.
The foreign institutions were increasingly net profit takers in the market, whose year-to-date gains truncated further to 5%.
The Gulf institutions were also increasingly into net selling in the main bourse, whose capitalisation saw QR8.53bn or 1.24% plunge to QR680.63bn, mainly on the back of midcap segments.
The Islamic index declined slower than the other indices in the market, which saw a total of 0.13mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.17mn changed hands across 63 deals.
Trade turnover and volumes were on the increase in the main as well as venture market.
The Arab individuals turned net buyers in the bourse, which saw no trading of sovereign bonds.
The foreign retail investors were increasingly bullish in the main market, which saw no trading of treasury bills.
The Total Return Index shrank 1.64% to 25,005.15 points, Al Rayan Islamic Index (Price) by 1.49% to 2,692.04 points and All Share Index by 1.29% to 2,889.05 points.
The insurance sector index plummeted 2.62%, industrials (2%), banks and financial services (1.44%) and real estate (1.16%); while consumer goods and services gained 0.36%, telecom (0.25%) and transport (0.15%).
More than 73% of the traded constituents were in the red in the main market and included Al Khaleej Takaful, Commercial Bank, Masraf Al Rayan, Dlala, Qatar Oman Investment, Lesha Bank, Alijarah Group, Industries Qatar, Aamal Company, Estithmar Holding, Qamco, Mesaieed Petrochemical Holding and Ezdan. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Medicare Group, Doha Insurance, Qatar Industrial Manufacturing, Al Meera and Vodafone Qatar were among the gainers in the main market.
The domestic institutions’ net selling increased significantly to QR49.79mn compared to QR14.07mn on October 25.
The Gulf institutions’ net profit booking grew considerably to QR29.19mn against QR16.94mn the previous day.
The Gulf individuals’ net buying weakened marginally to QR0.2mn compared to QR0.35mn on Tuesday.
However, Qatari individuals’ net buying expanded substantially to QR70.37mn compared to QR46.63mn on October 25.
The Arab retail investors turned net buyers to the tune of QR9.65mn against net sellers of QR1.75mn the previous day.
The foreign individuals’ net buying expanded perceptibly to QR7.65mn compared to QR2.53mn on Tuesday.
The Arab institutions were net buyers to the extent of QR0.27mn against net profit takers of QR3.57mn on October 25.
The foreign institutions’ net profit booking weakened perceptibly to QR9.16mn compared to QR13.18mn the previous day.
Total trade volume in the main market rose 37% to 211.79mn shares, value by 27% to QR670.72mn and deals by 9% to 21,476.
The venture market saw trade volumes quadruple to 0.2mn equities and value more than tripled to QR1.37mn on 42% expansion in transactions to 47.