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Market EyeThe Qatar Stock Exchange (QSE) Sunday opened the week weak with its key index losing as much as 30 points and capitalisation eroding about QR2bn, dragged mainly down by realty, consumer goods and transport sectors.The foreign funds were increasingly net sellers as the 20-stock Qatar Index shed 0.28% to 10,615.07 points, although it touched an intraday high of 10,668 points.The Arab individuals’ weakened net buying had its influence on the main market, whose year-to-date gains truncated to 0.42%.About 56% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR1.87bn or 0.29% to QR634.86bn, mainly on small cap segments.The Arab institutions’ lower net buying had its marginal impact on the main market, which saw as many as 0.03mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.07mn trade across 12 deals.The local retail investors continued to be net sellers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the decline.The Islamic index was seen declining slower than the other indices of the main market, which saw no trading of treasury bills.The domestic institutions were increasingly bullish in the main bourse, which saw no trading of sovereign bonds.The Total Return Index shed 0.28%, the All Share Index by 0.25% and the All Islamic Index by 0.12% in the main market.The real estate sector index tanked 2%, consumer goods and services (0.77%), transport (0.77%) and banks and financial services (0.41%); while insurance shot up 2.31%, telecom (0.54%) and industrials (0.24%).As many as 17 stocks gained, while 29 declined and six were unchanged.Major shakers in the main market included Barwa, Baladna, Medicare Group, Al Mahhar Holding, Gulf Warehousing, QNB, Widam Food, Gulf International Services, Ezdan and Nakilat.Nevertheless, Qatar General Insurance and Reinsurance, Qatar National Cement, Meeza, Aamal Company, Qatar Insurance, Estithmar Holding, QLM and Ooredoo were among the movers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value.The foreign funds’ net selling increased substantially to QR16.26mn compared to QR6.16mn the previous trading day.The Arab individual investors’ net buying declined noticeably to QR0.16mn against QR2.12mn on November 27.The Arab institutions’ net buying weakened marginally to QR0.04mn compared to QR0.05mn last Thursday.However, the domestic funds’ net buying rose considerably to QR15.63mn against QR9.38mn the previous trading day.The foreign individuals turned net buyers to the tune of QR2.75mn compared with net sellers of QR0.06mn on November 27.The Gulf institutions’ net buying strengthened marginally to QR1.92mn against QR1.62mn last Thursday.The Gulf individuals’ net buying grew perceptibly to QR0.54mn compared to QR0.04mn the previous trading day.The local retail investors’ net profit booking eased markedly to QR4.8mn against QR6.98mn on November 27.The main market saw a 44% contraction in trade volumes to 95.55mn shares, 48% in value to QR209.33mn and 43% in deals to 10,613.In the venture market, a total of 0.17mn equities valued at QR0.37mn changed hands across 61 transactions. 

The Qatar Stock Exchange (QSE) climbed up 36.77 points or 0.3% to close at 10,644.73.Market capitalisation increased 0.5% to QR636.7bn from QR633.7bn at the end of the previous trading week. Of the 53 traded companies, 26 ended the week higher, 24 ended lower and 3 remained unchanged. Baladna (BLDN) was the best performing stock for the week, rising 9.9%. Meanwhile, Widam (WDAM) was the worst performing stock for the week, declining by 15.4%.QNB Group (QNBK), Qatar Fuel/Woqod (QFLS) and Ooredoo (ORDS) were the main contributors to the weekly index gains. They contributed 15.06, 11.23 and 11.08 points to the index, respectively.Traded value during the week dropped 35.4% to QR2,594.6mn from QR4,015.1mn in the prior trading week. ORDS was the top value traded stock during the week with total traded value of QR467.9mn.Traded volume rose 8.8% to 815.9mn shares compared with 749.7mn shares in the prior trading week. The number of transactions climbed 55.7% to 154,665 vs. 99,358 in the prior week.BLDN was the top volume traded stock during the week with total traded volume of 190.8mn shares. The QSE index closed slightly up by 0.35% from the week before at 10,644.7 points. Despite the index is still in a testing phase against the 11,000 level, the sharp drop below the mentioned level forces us to restate our support to around the 10,200 level. The recent short-term action suggests possible continuation of this correction towards the mentioned support. That said, we are still optimistic of this correction, from a technical perspective, against the start of the new uptrend. The 11,000 level is expected to be our first resistance. 

The Qatar Stock Exchange (QSE) climbed up 36.77 points or 0.3% to close at 10,644.73. Market capitalisation increased 0.5% to QR636.7bn from QR633.7bn at the end of the previous trading week. Of the 53 traded companies, 26 ended the week higher, 24 ended lower and 3 remained unchanged. Baladna (BLDN) was the best performing stock for the week, rising 9.9%. Meanwhile, Widam (WDAM) was the worst performing stock for the week, declining by 15.4%.QNB Group (QNBK), Qatar Fuel/Woqod (QFLS) and Ooredoo (ORDS) were the main contributors to the weekly index gains. They contributed 15.06, 11.23 and 11.08 points to the index, respectively.Traded value during the week dropped 35.4% to QR2,594.6mn from QR4,015.1mn in the prior trading week. ORDS was the top value traded stock during the week with total traded value of QR467.9mn.Traded volume rose 8.8% to 815.9mn shares compared with 749.7mn shares in the prior trading week. The number of transactions climbed 55.7% to 154,665 vs 99,358 in the prior week. BLDN was the top volume traded stock during the week with total traded volume of 190.8mn shares.QSE IndexThe QSE Index closed slightly up by 0.35% from the week before; it closed at 10,644.7 points. Despite the Index is still in a testing phase against the 11,000 level, the sharp drop below the mentioned level forces us to restate our support to around the 10,200 level. The recent short-term action suggests possible continuation of this correction towards the mentioned support. That said, we are still optimistic of this correction, from a technical perspective, against the start of the new uptrend. The 11,000 level is expected to be our first resistance. DEFINITIONS OF KEY TERMS USED IN TECHNICAL ANALYSISRSI (Relative Strength Index) indicator – RSI is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between 0 to 100. The index is deemed to be overbought once the RSI approaches the 70 level, indicating that a correction is likely. On the other hand, if the RSI approaches 30, it is an indication that the index may be getting oversold and therefore likely to bounce back.MACD (Moving Average Convergence Divergence) indicator – The indicator consists of the MACD line and a signal line. The divergence or the convergence of the MACD line with the signal line indicates the strength in the momentum during the uptrend or downtrend, as the case may be. When the MACD crosses the signal line from below and trades above it, it gives a positive indication. The reverse is the situation for a bearish trend.Candlestick chart – A candlestick chart is a price chart that displays the high, low, open, and close for a security. The ‘body’ of the chart is portion between the open and close price, while the high and low intraday movements form the ‘shadow’. The candlestick may represent any time frame. We use a one-day candlestick chart (every candlestick represents one trading day) in our analysis.Doji candlestick pattern – A Doji candlestick is formed when a security's open and close are practically equal. The pattern indicates indecisiveness, and based on preceding price actions and future confirmation, may indicate a bullish or bearish trend reversal.Shooting Star/Inverted Hammer candlestick patterns – These candlestick patterns have a small real body (open price and close price are near to each other), and a long upper shadow (large intraday movement on the upside). The Shooting Star is a bearish reversal pattern that forms after a rally. The Inverted Hammer looks exactly like a Shooting Star, but forms after a downtrend. Inverted Hammers represent a potential bullish trend reversal.DisclaimerThis publication has been prepared by QNB Financial Services Co WLL (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (QPSC). QNBFS is regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (QPSC) is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. Gulf Times and QNBFS accept no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. 

Market EyeWeak global oil prices had its reflection on the Qatar Stock Exchange, which Thursday saw its key index settle 45 points lower and capitalisation melt about QR3bn as about 56% of the traded constituents ended in the red. The local retail investors were seen net sellers as the 20-stock Qatar Index shed 0.42% to 10,644.73 points, although it touched an intraday high of 10,722 points. The foreign institutions turned net profit takers in the main market, whose year-to-date gains truncated to 0.7%. The banks and real estate sectors witnessed higher than average selling pressure in the main bourse, whose capitalisation melted QR2.66bn or 0.42% to QR636.73bn, mainly on small and microcap segments.The foreign individuals were seen net sellers, albeit at lower levels, in the main market, which saw as many as 140 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR807 trade across three deals. However, the domestic funds were seen net buyers in the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen declining slower than the other indices of the main market, which saw no trading of treasury bills. The Arab individuals turned bullish in the main bourse, which saw no trading of sovereign bonds. The Total Return Index shed 0.42%, the All Share Index by 0.41% and the All Islamic Index by 0.28% in the main market. The banks and financial services sector index declined 0.78%, realty (0.62%), transport (0.32%), industrials (0.05%) and telecom (0.04%); while consumer goods and services gained 0.78% and insurance 0.71%. As many as 20 stocks gained, while 29 declined and three were unchanged. Major shakers in the main market included Qatar German Medical Devices, Mazaya Qatar, Salam International Investment, AlRayan Bank, Mekdam Holding, Qatar Islamic Bank, QNB, Meeza and Nakilat.In the junior bourse, Techno Q saw its shares depreciate in value. Nevertheless, Qatar General Insurance, Al Mahhar Holding, Widam Food, Qatar National Cement, Baladna, Woqod, Aamal Company, Estithmar Holding and Qamco were among the movers in the main market.The local retail investors turned net sellers to the tune of QR6.98mn compared with net buyers of QR9.04mn the previous day. The foreign funds were net sellers to the extent of QR6.16mn against net buyers of QR26.06bn on November 26. The foreign individuals turned net profit takers to the extent of QR0.06mn compared with net buyers of QR2.87mn a day ago. The Gulf institutions’ net buying weakened substantially to QR1.62mn against QR18.75mn on Wednesday. However, the domestic funds were net buyers to the tune of QR9.38mn compared with net sellers of QR54.78mn the previous day. The Arab individuals turned net buyers to the extent of QR2.12mn against net sellers of QR0.77mn on November 26. The Arab institutions’ net buying strengthened marginally to QR0.05mn against QR.02mn on Wednesday. The Gulf individuals were net buyers to the tune of QR0.04mn compared with net sellers of QR1.17mn the previous day. The main market saw a 13% contraction in trade volumes to 171.69mn shares, 15% in value to QR399.19mn and 21% in deals to 18,671. 

Weak oil and the US Fed rate uncertainty continued to have influence on the Qatar Stock Exchange (QSE) with its key index losing as much as 46 points.The foreign funds were seen increasingly net profit takers as the 20-stock Qatar Index shed 0.43% to 10,800.54 points, although it touched an intraday high of 10,867 points.The industrials, insurance, banks and real estate counters witnessed higher than average selling pressure in the main market, whose year-to-date gains truncated to 2.17%.About 59% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR3.81bn or 0.59% to QR646.15bn, mainly on midcap segments.The foreign retail investors turned bearish in the main market, which saw as many as 0.04mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.11mn trade across 17 deals.Weakened net buying of domestic funds Gulf retail investors had its influence on the main bourse, whose trade turnover and volumes were on the rise.The Islamic index was seen declining slower than the other indices of the main market, which saw no trading of treasury bills.However, the local individuals were increasingly net buyers in the main bourse, which saw a total of 0.17mn sovereign bonds valued at QR1.74bn trade across one deal.The Total Return Index shed 0.43%, the All Share Index by 0.49% and the All Islamic Index by 0.29% in the main market.The industrials sector index shrank 0.94%, insurance (0.79%), banks and financial services (0.64%) and realty (0.63%); while telecom gained 0.84%, transport (0.32%) and consumer goods and services (0.18%).As many as 31 stocks declined, while 18 gained and four were unchanged.Major shakers in the main market include Widam Food, Ezdan, Qatar Insurance, Qatar Electricity and Water, Qatar Oman Investment, QNB, Qatar Islamic Bank, Industries Qatar, Gulf International Services, Qatar National Cement and Gulf Warehousing. Techno Q saw its shares depreciate in value.Nevertheless, Vodafone Qatar, Doha Bank, Medicare Group, Qamco, Qatar General Insurance and Reinsurance and Nakilat were among the gainers in the main bourse.The foreign institutions’ net profit booking increased significantly to QR54.44mn compared to QR38.31mn on Sunday.The foreign retail investors turned net sellers to the tune of QR2.75mn against net buyers of QR1.36mn the previous day.The domestic institutions’ net buying declined noticeably to QR7.76mn compared to QR12.64mn on November 16.The Gulf individual investors’ net buying weakened markedly to QR2.29mn against QR4.39mn on Sunday.However, the local retail investors’ net buying expanded substantially to QR36.66mn compared to QR20.98mn the previous day.The Gulf institutions were net buyers to the extent of QR7.62mn against net sellers of QR4.25mn on November 16.The Arab individual investors’ net buying strengthened marginally to QR2.86mn compared to QR2.38mn on Sunday.The Arab funds had no major net exposure against net buyers to the tune of QR0.83mn the previous day.The main market saw 44% jump in trade volumes to 119.5mn shares and 71% in value to QR373.03mn on more than doubled deals to 33,531.In the venture market, a total of 0.03mn equities valued at QR0.07mn changed hands across 13 transactions.

Market EyeReflecting the fading rate cut hopes in the US; the Qatar Stock Exchange (QSE) Sunday saw as much as 83% of the constituents end in the red, resulting in more than 111 points plunge in the key index and more than QR6bn erosion in capitalisation.The Gulf institutions were seen net profit takers as the 20-stock Qatar Index shed 1.01% to 10,846.84 points, although it touched an intraday high of 10,955 points.The local individuals’ weakened net buying had its influence on the main market, whose year-to-date gains truncated to 2.61%.The foreign funds continued to be net sellers but with lesser intensity in the main bourse, whose capitalisation melted QR6.37bn or 0.97% to QR649.46n, mainly on large and midcap segments.The domestic institutions were seen net buyers in the main market, which saw as many as 0.03mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.08mn trade across 27 deals.The Gulf retail investors were increasingly bullish in the main bourse, whose trade turnover and volumes were on the decline.The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills.The foreign individuals were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds.The Total Return Index shed 1.01%, the All Share Index by 0.87% and the All Islamic Index by 1.28% in the main market.The telecom sector index plummeted 2.91%, industrials (1.56%), transport (1.48%), real estate (0.98%), consumer goods and services (0.61%) and banks and financial services (0.43%); while insurance gained 0.64%.As many as 44 stocks declined, while only five gained and four were unchanged.Major shakers in the main market include Vodafone Qatar, Ooredoo, Qatar Oman Investment, Industries Qatar, Baladna, Qatar Islamic Insurance, Meeza, Al Faleh Educational Holding, Gulf International Services, Qamco, Barwa, Milaha, Gulf Warehousing and Nakilat.Nevertheless, Qatar Insurance, Commercial Bank, Ahlibank Qatar, Inma Holding and Al Khaleej Takaful were among the movers in the main bourse.The Gulf institutions turned net sellers to the tune of QR4.25mn compared with net buyers of QR19.25mn the previous trading day.The local individual investors’ net buying declined substantially to QR20.98mn against QR40.82mn on November 13.However, the domestic institutions were net buyers to the extent of QR12.64mn compared with net sellers of QR16mn on Sunday.The Gulf retail investors’ net buying strengthened noticeably to QR4.39mn against QR2.4mn the previous trading day.The Arab individual investors’ net buying expanded perceptibly to QR2.38mn compared to QR1.77mn on November 13.The foreign retail investors’ net buying rose markedly to QR1.36mn against QR0.65mn on Sunday.The Arab funds were seen net buyers to the tune of QR0.83mn compared with no major net exposure the previous trading day.The foreign institutions’ net selling weakened significantly to QR38.31mn against QR48.99mn on November 13.The main market saw 33% contraction in trade volumes to 82.94mn shares, 42% in value to QR218.64mn and 33% in deals to 14,485.In the venture market, a total of 0.01mn equities valued at QR0.02mn changed hands across six transactions.

The Qatar Stock Exchange (QSE) moved up by 102.14 points or 0.9% to close at 11,058.78. Market capitalisation increased 0.6% to QR659.6bn from QR654.7bn at the end of the previous trading week. Of the 53 traded companies, 24 ended the week higher, 26 ended lower and three remained unchanged. Qatar General Insurance & Reinsurance Company (QGRI) was the best performing stock for the week, rising 18.1%. Meanwhile, QLM Life & Medical Insurance (QLMI) was the worst performing stock for the week, declining by 5.5%. Nakilat (QGTS), Qatar Islamic Bank (QIBK), and Qatar International Islamic Bank (QIIK) were the main contributors to the weekly index rise. They added 31.17, 29.10 and 15.41 points to the index, respectively. **media[378932]** Traded value during the week increased 1.9% to QR1,678.5mn from QR1,647.3mn in the prior trading week. QNB Group (QNBK) was the top value traded stock during the week with total traded value of QR180.0mn. Traded volume rose by 6.8% to 588.6mn shares compared with 551.2mn shares in the prior trading week. The number of transactions went up by 25.0% to 118,262 vs. 94,631 in the prior week. Baladna (BLDN) was the top volume traded stock during the week with total traded volume of 120.4mn shares. Foreign institutions remained bullish, ending the week with net buying of QR95.0mn vs. net buying of QR188.8mn in the prior week. Qatari institutions remained bearish, with net selling of QR56.3mn vs net selling of QR102.2mn in the week before. Foreign retail investors ended the week with net selling of QR21.3mn vs net selling of QR8.0mn in the prior week. Qatari retail investors recorded net selling of QR17.4mn vs net selling of QR78.6mn. Global foreign institutions are net buyers of Qatari equities by $177mn YTD, while GCC institutions are net long by $162mn. QSE Index The QSE Index closed up by 1% from the week before; it closed at 11,058.9 points. The 11,000 level has proven to be a strong support and from the most recent movement, we could see further uptick in the near future as the uptrend continues with the breakout above the age-old price range. We also reiterate the fact that the recent correction has been healthy and could be used for accumulation. We keep our support level around the 11,000 level and the 12,200 level is our expected resistance. **media[378933]** DEFINITIONS OF KEY TERMS USED IN TECHNICAL ANALYSIS RSI (Relative Strength Index) indicator – RSI is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between 0 to 100. The index is deemed to be overbought once the RSI approaches the 70 level, indicating that a correction is likely. On the other hand, if the RSI approaches 30, it is an indication that the index may be getting oversold and therefore likely to bounce back. **media[378934]** MACD (Moving Average Convergence Divergence) indicator – The indicator consists of the MACD line and a signal line. The divergence or the convergence of the MACD line with the signal line indicates the strength in the momentum during the uptrend or downtrend, as the case may be. When the MACD crosses the signal line from below and trades above it, it gives a positive indication. The reverse is the situation for a bearish trend. **media[378935]** Candlestick chart – A candlestick chart is a price chart that displays the high, low, open, and close for a security. The ‘body’ of the chart is portion between the open and close price, while the high and low intraday movements form the ‘shadow’. The candlestick may represent any time frame. We use a one-day candlestick chart (every candlestick represents one trading day) in our analysis. **media[378936]** Doji candlestick pattern – A Doji candlestick is formed when a security's open and close are practically equal. The pattern indicates indecisiveness, and based on preceding price actions and future confirmation, may indicate a bullish or bearish trend reversal. **media[378937]** Shooting Star/Inverted Hammer candlestick patterns – These candlestick patterns have a small real body (open price and close price are near to each other), and a long upper shadow (large intraday movement on the upside). The Shooting Star is a bearish reversal pattern that forms after a rally. The Inverted Hammer looks exactly like a Shooting Star, but forms after a downtrend. Inverted Hammers represent a potential bullish trend reversal. **media[378938]** Disclaimer **media[378939]** This publication has been prepared by QNB Financial Services Co WLL (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (QPSC). QNBFS is regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (QPSC) is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. Gulf Times and QNBFS accept no liability whatsoever for any direct or indirect losses arising from use of this report. **media[378941]** Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision.

The Qatar Stock Exchange (QSE) retreated by 127.63 points or 1.14% to close at 11,099.21. Market capitalisation declined 1.2% to QR662.7bn from QR670.8bn at the end of the previous trading week.Of the 53 traded companies, 44 ended the week higher, while 32 ended lower and nine ended higher. Mannai (MCCS) was the best performing stock for the week, rising 11.6%. Meanwhile, Estithmar Holding (IGRD) was the worst performing stock for the week, declining by 10.7%.Industries Qatar (IQCD), Qatar Islamic Bank (QIBK) and Estithmar Holding (IGRD) were the main contributors to the weekly index losses. They shaved 31.86, 26.03 and 14.16 points off the index, respectively.Traded value during the week decreased 26.1% to QR1,647.4mn from QR2,228.1mn in the prior trading week. Baladna (BLDN) was the top value traded stock during the week with total traded value of QR143.1mn.Traded volume decreased 24.2% to 574.9mn shares compared with 758.0mn shares in the prior trading week. The number of transactions inched up 0.6% to 96,797 vs 96,238 in the prior week. BLDN was the top volume traded stock during the week with total traded volume of 91.9mn shares.Foreign institutions turned bearish, ending the week with net selling of QR56.5mn vs net buying of QR2.9mn in the prior week. Qatari institutions remained bullish, with net buying of QR14.5mn vs net buying of QR12.4mn in the week before. Foreign retail investors ended the week with net buying of QR34.4mn vs net buying of QR2.9mn in the prior week. Qatari retail investors recorded net buying of QR7.6mn vs net selling of QR18.2mn.Global foreign institutions are net buyers of Qatari equities by $184.5mn YTD, while GCC institutions are net long by $76.2mn.The QSE index closed down for the third week by 1.16% from the week before at 11,099.2 points. The recent correction is a natural phenomenon in the financial markets: markets correct after sharp rises. From a technical point of view, the index remains in a healthy uptrend as long as it stays above the 10,650 level. Major moving averages are stacked positively and pointing upwards, which support our bullish outlook over the coming months. We also stay dynamic with the signals offered to us by the market.

Market Eye The Qatar Stock Exchange Thursday witnessed more than 62% of its traded constituents end in the red, leading its key barometer to lose as much as 43 points and capitalisation melt in excess of QR2bn. The industrials and real estate counters witnessed higher than average selling pressure as the 20-stock Qatar Index shed 0.39% to 11,099.21 points, although it touched an intraday high of 11,181 points. The local retail investors’ weakened net buying had its influence on the main market, whose year-to-date gains truncated further to 5%. The Gulf funds’ lower net buying also had its effect on the main bourse, whose capitalisation melted QR2.19bn or 0.33% to QR662.66bn, mainly on microcap segments. The Arab individuals’ weakened bullish grip made its impact on the main market, which saw as many as 1,760 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR5,028 trade across seven deals. The foreign institutions continued to be net sellers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. The foreign retail investors were seen bullish in the main bourse, which saw no trading of sovereign bonds. The Total Return Index shed 0.39%, the All Share Index by 0.28% and the All Islamic Index by 0.52% in the main market. The industrials sector index declined 0.51%, realty (0.5%), consumer goods and services (0.36%), banks and financial services (0.28%) and transport (0.24%); while insurance and telecom gained 0.64% and 0.17% respectively. Major shakers in the main market included Estithmar Holding, Baladna, Meeza, Inma Holding, Doha Bank, Qatar Islamic Bank, QIIB, Widam Food, Ezdan and Nakilat. In the junior bourse, Techno Q saw its shares depreciate in value. Nevertheless, Al Khaleej Takaful, Mannai Corporation, Al Mahhar Holding, Beema and Qatar Insurance were among the gainers in the main market. The Gulf institutions’ net buying declined substantially to QR1.99mn compared to QR11.81mn the previous day. The local individual investors’ net buying weakened significantly to QR3.46mn against QR11.65mn on September 3. The Arab retail investors’ net buying shrank noticeably to QR5.24mn compared to QR10.86mn on Wednesday. However, the domestic funds’ net buying strengthened marginally to QR9.07mn against QR8.63mn the previous day. The foreign retail investors turned net buyers to the tune of QR4.04mn compared with net sellers of QR0.66mn on September 3. The Gulf individual investors’ net buying increased perceptibly to QR2.92mn against QR0.77mn on Wednesday. The foreign institutions’ net profit booking shrank markedly to QR26.72mn compared to QR43.06mn the previous day. The Arab institutions had no major net exposure for the fourth straight session. The main market saw a 5% jump in trade volumes to 140.8mn shares and 6% in value to QR426.98mn but on 34% shrinkage in deals to 20,093. In the venture market, a total of 0.08mn equities valued at QR0.22mn changed hands across 22 transactions.

Market Eye Mirroring the concerns over the independence of the US Federal Reserve, the Qatar Stock Exchange (QSE) Wednesday witnessed profit booking as its key index lost as much as 67 points and capitalisation melted in excess of QR2bn. The banks and consumer goods sectors experienced higher than average selling pressure as the 20-stock Qatar Index shed 0.58% to 11,338.81 points, although it touched an intraday high of 11,420 points. The Arab individuals were seen increasingly net profit takers in the main market, whose year-to-date gains truncated to 7.26%. The Gulf retail investors’ higher net selling had its influence on the main bourse, whose capitalisation melted QR2.11bn or 0.31 to QR677.68bn mainly on small and microcap segments. The Gulf funds’ substantially weakened net buying had its effect on the main market, which saw as many as 1,500 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.01mn trade across three deals. The local retail investors continued to be bearish but with lesser vigour in the main bourse, whose trade turnover and volumes were on the decrease. The Islamic index fell slower than the other indices of the main market, which saw no trading of treasury bills. The foreign institutions continued to be net profit takers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds. The Total Return Index shed 0.58% and the All Share Index by 0.45% and the All Islamic Index by 0.43% in the main market. The banks and financial services sector declined 0.72%, consumer goods and services (0.53%), transport (0.38%), real estate (0.34%), telecom (0.06%) and industrials (0.05%); even as insurance gained 1.24%. Major shakers in the main market included Woqod, QIIB, Qatar Islamic Bank, Inma Holding, Nakilat, Widam Food, Gulf International Services and Barwa. Nevertheless, Meeza, Estithmar Holding, Qatar Insurance, Doha Bank, QLM, Ezdan, Gulf Warehousing and Milaha were among the movers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value. The Arab individual investors’ net selling increased noticeably to QR3.38mn compared to QR1.98mn the previous day. The Gulf retail investors’ net profit booking expanded marginally to QR0.59mn against QR0.52mn on August 26. The Gulf institutions’ net buying weakened substantially to QR8.3mn compared to QR180.48mn on Tuesday. However, the domestic funds turned net buyers to the tune of QR31.4mn against net sellers of QR22.51mn the previous day. The foreign individuals were net buyers to the extent of QR1.86mn compared with net buyers of QR3.24mn on August 26. The foreign institutions’ net profit booking decreased drastically to QR31.06mn against QR105.83mn on Tuesday. The local retail investors’ net selling shrank significantly to QR6.35mn compared to QR45.84mn the previous day. The Arab institutions’ net profit booking eased marginally to QR0.18mn against QR0.56mn on August 26. The main market saw a 42% plunge in trade volumes to 139.42mn shares, 64% in value to Q3449962mn and 51% in deals to 17,159. In the venture market, a total of 0.09mn equities valued at QR0.24mn changed hands across 22 transactions.