The Qatar Stock Exchange Sunday opened the week weak with its key index losing as much as 48 points on than across the board selling, especially in the insurance and telecom

Gulf Times

sectors.
The local retail investors were seen net profit takers as the 20-stock Qatar Index shed 0.47% to 10,208.99 points.
More than 77% of the traded constituents were in the red in the main market, which had touched an intraday high of 10,265 points.
The Arab retail investors were seen increasingly bearish in the main bourse, whose year-to-date losses widened to 4.42%.
The Gulf individual investors were increasingly net sellers in the main bourse, whose capitalisation eroded QR3.51bn or 0.58% to QR603.89bn, mainly on account of small and microcap segments.
The foreign retail investors’ weakened net buying had its influence in the main market, which saw a total of 9,783 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.03mn changed hands across six deals.
However, the domestic funds turned net buyers in the main market, which saw as many as 100,000 sovereign bonds valued at QR920mn changed hands across two transactions.
The Islamic index was seen declining faster than the main index in the main market, which saw no trading of treasury bills.
The Total Return Index shed 0.47%, All Share Index by 0.53% and Al Rayan Islamic Index (Price) by 0.53% in the main bourse, whose trade turnover and volumes were on the decline.
The insurance sector index tanked 1.48%, telecom (1.11%), industrials (0.81%), transport (0.71%), real estate (0.32%), consumer goods and services (0.31%) and banks and financial services (0.31%).
Major losers in the main market included Doha Insurance, Dlala, Al Khaleej Takaful, Gulf International Services, Medicare Group, Lesha Bank, Qatari German Medical Devices, Industries Qatar, Estithmar Holding, Qamco, QLM and Ooredoo. In the venture market, Mahhar Holding saw its shares depreciate in value.
Nevertheless, Alijarah Holding, Mannai Corporation, Commercial Bank, Qatar Islamic Insurance and Dukhan bank were among the gainers in the main market. In the juniour bourse, Al Faleh Educational Holding saw its scrips appreciate in value.
The Qatari individuals turned net sellers to the tune of QR6.59mn compared with net buyers of QR26.15mn on June 8.
The Arab retail investors’ net selling increased notably to QR6.4mn against QR3.85mn the previous trading day.
The Gulf individual investors’ net profit booking rose marginally to QR0.38mn compared to QR0.32mn last Thursday.
The Gulf institutions’ net buying decreased substantially to QR9.24mn against QR15.97mn on June 8.
The foreign individual investors’ net buying shed perceptibly to QR0.12mn compared to QR1.33mn the previous trading day.
However, the domestic institutions turned net buyers to the extent of QR15.77mn against net sellers of QR16mn last Thursday.
The foreign institutions’ net profit booking shrank markedly to QR11.77mn compared to QR23.27mn on June 8.
The Arab institutions had no major next exposure for the second straight session.
The main market saw a 5% fall in trade volumes to 98.65mn shares, less than 1% in value to QR267.86mn and 28% in deals to 9,092.
The venture market saw a total of 1.79mn equities valued at QR0.81mn change hands across 74 transactions.
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