Transport, telecom and banking counters witnessed selling pressure as the 20-stock Qatar Index settled mere 0.09% lower at 10,144.37 points, which is, however, up 19.02% year-to-date.
Small, large and microcap equities experienced buying interests, resulting in market capitalisation gain QR29mn or 0.05% to QR570.41bn.
The Gulf individuals turned net profit takers on the market, where Islamic stocks were seen strengthening compared with declines in other indices.
Doha Bank sponsored exchange traded fund QETF witnessed 0.4% gains; while Masraf Al Rayan sponsored QATR was unchanged.
Trade turnover and volumes were on the decline on the bourse, where banking, industrials and real estate sectors together accounted for more than 64% of the total volume.
The Total Return Index was down 0.09% to 17,873.24 points and All Share Index by 0.06% to 2,994.52 points; while Al Rayan Islamic Index (Price) gained 0.25% to 2,389.7 points.
The transport index plunged 0.91%, telecom (0.47%), banks and financial services (0.27%) and realty (0.14%); whereas industrials and consumer goods gained 0.6% and 0.46% respectively. The insurance index was flat.
Major losers included Milaha, Commercial Bank, Alijarah Holding, Dlala, Qatari Investors Group, Mazaya Qatar, Ezdan, Vodafone Qatar and Ooredoo; while Qatari German Company for Medical Devices, Medicare Group, Mannai Corporation, Qatar National Cement, Mesaieed Petrochemical Holding and Gulf Warehousing were among the gainers.
Non-Qatari individuals turned net sellers to the tune of QR1.38mn against net buyers of QR6.56mn last Thursday.
The Gulf funds were also net sellers to the extent of QR0.86mn compared with net buyers of QR13.03mn on October 25.
The Gulf individuals’ net buying declined marginally to QR0.45mn against QR0.51mn the previous trading day.
However, non-Qatari funds’ net buying increased significantly to QR11.51mn compared to QR5.22mn last Thursday.
Local individuals were also net buyers to the tune of QR4.81mn against net sellers of QR7.11mn on October 25.
Domestic funds’ net profit booking eased perceptibly to QR14.52mn compared to QR18.2mn the previous trading day.
Total trade volume fell 47% to 2.89mn shares, value by 56% to QR72.05mn and transactions by 46% to 1,711.
There was 73% plunge in the real estate sector’s trade volume to 0.57mn equities, 71 in value to QR6.63mn and 68% in deals to 184.
The telecom sector’s trade volume plummeted 55% to 0.35mn stocks, value by 44% to QR7.9mn and transactions by 59% to 134.
The banks and financial services sector saw 43% shrinkage in trade volume to 0.69mn shares, value by 63% to QR22.9mn and deals by 54% to 446.
The transport sector’s trade volume tanked 18% to 0.46mn equities, value by 18% to QR9.71mn and transactions by 44% to 240.
The consumer goods sector reported 15% decline in trade volume to 0.11mn stocks, 38% in value to QR8.76mn and 21% in deals to 208.
However, the insurance sector’s trade volume more than doubled to 0.13mn shares and value also more than doubled to QR3.59mn on more than doubled transactions to 112.
The market witnessed 5% jump in the industrials sector’s trade volume to 0.59mn equities but on 66% contraction in value to QR12.56mn and 31% in deals to 387.
In the debt market, there was no trading of treasury bills and sovereign bonds.
The Qatar Stock Exchange Sunday opened the week on almost a flat note despite buying interests of local retail investors and foreign institutions.
