The Qatar Stock Exchange on Monday fell about eight points despite five of the seven sectors witnessing buying interests.
The local retail investors were seen net profit takers as the 20-stock Qatar Index shed 0.08% to 10,607.09 points, although it touched an intraday high of 10,631 points.
The telecom and insurance counters witnessed higher than average selling pressure in the main market, whose year-to-date losses widened to 2.06%.
About 53% of the traded constituents were in the red in the main bourse, whose capitalisation was up QR0.19bn or 0.03% to QR623.67bn on the back of microcap segments.
The foreign individuals’ weakened net buying had its influence on the main market, which saw 0.07mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.18mn trade across 16 deals.
The Islamic index was seen declining faster the main barometer in the main bourse, whose trade turnover and volumes were on the increase.
The Gulf individual investors’ lower net buying had its say in the main market, which saw no trading of treasury bills.
The Gulf institutions continued to be bearish but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index was down 0.08% and the All Islamic Index by 0.22%, while the All Share Index was up 0.02% in the main market.
The telecom sector index tanked 1.45% and insurance (0.64%); whereas industrials gained 0.29%, real estate (0.28%), consumer goods and services (0.18%), banks and financial services (0.05%) and transport (0.04%).
Major losers in the main market included Meeza, Qatar Islamic Bank, Ooredoo, Ezdan, Alijarah Holding, Dlala, Medicare Group, Baladna, Estithmar Holding, Qatar Insurance and Vodafone Qatar.
In the junior bourse, Al Mahhar Holding saw its shares depreciate in value.
Nevertheless, Al Meera, Salam International Investment, QNB, Al Faleh Educational Holding and Barwa were among the gainers in the main bourse.
In the venture market, Techno Q saw its shares appreciate in value.
The Qatari individuals were net sellers to the tune of QR71.99mn compared with net buyers of QR1.19mn on October 20.
The foreign individual investors’ net buying declined noticeably to QR2.29mn against QR7.71mn the previous day.
The Gulf retail investors’ net buying weakened marginally to QR0.3mn compared to QR0.76mn on Sunday.
However, the domestic institutions’ net buying increased drastically to QR52.93mn against QR8.41mn on October 20.
The foreign funds were net buyers to the extent of QR16.81mn compared with net sellers of QR13.14mn the previous day.
The Arab individual investors’ net buying strengthened notably to QR2.72mn against QR0.55mn on Sunday.
The Gulf institutions’ net profit booking fell perceptibly to QR3.05mn compared to QR5.49mn on October 20.
The Arab institutions had no major net exposure for the second straight session.
Trade volumes in the main market shot up 89% to 144.78mn shares and value by 94% to QR339.25mn on more than doubled transactions to 13,506.
The venture market saw as many as 0.03mn equities valued at QR0.07mn change hands across 11 deals.
The local retail investors were seen net profit takers as the 20-stock Qatar Index shed 0.08% to 10,607.09 points, although it touched an intraday high of 10,631 points.
