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Profit booking — especially in consumer goods, realty and industrials — yesterday dragged the Qatar Exchange after two days of bull run.
Notwithstanding local retail investors’ buying interests, the 20-stock Qatar Index (based on price data) was down 0.05% to 9,305.81 points.
More than 57% of the stocks were in the red with major losers being Gulf International Services, United Development Company (UDC), Qatar National Cement, Vodafone Qatar and Nakilat; even as Mazaya Qatar, Ezdan Real Estate and Milaha bucked the trend.
Nakilat, Qatari German Company for Medical Devices and UDC were among the most active by volume and value in the market, which is up 11.33% year-to-date (YTD) but still below Dubai, Abu Dhabi and Kuwait bourses.
The 20-stock Total Return Index also fell 0.05% to 13,295.87 points, Al Rayan Islamic Index by 0.24% to 2,813.34 points and All Share Index (comprising wider constituents) by 0.08% to 2,358.19 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the consumer goods stocks fell 0.51%, real estate (0.29%), industrials (0.28%), telecom (0.02%), banks and financial services (0.01%) and insurance (0.01%); while that of transport rose 0.78%.
Market capitalisation was up 0.01% or QR4mn to QR512.94bn although micro and small cap equities notably melted 0.61% and 0.4% respectively.
Small, mid, large and micro cap equities have gained YTD 13.91%, 12.65%, 10.01% and 1.28% respectively.
Of the 42 stocks, only 11 advanced, while 24 declined, three was unchanged and four were not traded.
Domestic institutions’ net buying sunk to 5.31% or QR18.31mn. A lower 19.91% of them were into buying against 28.28% on Tuesday and a lower 14.6% of them into selling compared to 17.38%.
Foreign institutions’ net buying fell to 0.28% or QR0.97mn. A higher 24.61% of them bought equities against 18.28% the previous day and a higher 24.33% offloaded compared to 16.16%.
Qatari individual investors’ net selling shrank to 1.67% or QR5.76mn. A marginally higher 39.68% of them purchased equities against 38.5% on Tuesday, whereas a lower 41.35% sold compared to 47.43%.
Non-Qatari individual investors’ net profit booking was down to 3.92% or QR13.52mn. A marginally higher 15.79% of them bought equities against 14.93% the previous day and a marginally higher 19.71% sold compared to 19.04%.
Total trading volume fell 25% to 9.87mn shares, value by 14% to QR344.83mn and deals by 11% to 4,903.
The insurance sector’s trading volume plummeted 65% to 0.15mn shares, value by 72% to QR6.64mn and transactions by 58% to 165.
The real estate sector’s trading volume plunged 51% to 2.25mn shares, value by 57% to QR41.21mn and deals by 20% to 813.
The telecom sector’s trading volume tanked 49% to 1.29mn shares, value by 21% to QR21.93mn and transactions by 29% to 376.
The banks and financial services sector’s trading volume declined 29% to 1.54mn shares, value by 31% to QR60.19mn and deals by 21% to 1,019.
The industrials sector’s trading volume fell 19% to 0.88mn shares, whereas value rose 1% to QR77.66mn and transactions by 5% to 967.
Moreover, the transport sector’s trading volume more than doubled to 2.14mn shares and value more than quadrupled to QR82.15mn on more than doubled deals to 872.
The consumer goods and services sector’s trading volume surged 13% to 1.63mn shares, while value shrank 21% to QR55.05mn and transactions by 33% to 691.
Actively traded stocks (in terms of volume) were Nakilat (1.38mn shares); Vodafone Qatar (1.20mn); Qatari German Company for Medical Devices (1.08mn); Mazaya Qatar (918,338) and UDC (858,383).
In the debt market, there was no trading of treasury bills.
