The Qatar Stock Exchange Monday witnessed stronger buying interests from domestic funds, yet it lost more than 24 points.
The insurance, telecom and industrials counters experienced higher than average selling pressure as the 20-stock Qatar Index settled 0.26% lower at 9,351.26 points, although it touched a high of 9,366 points intraday.
The profit booking was seen more in the Islamic stocks on the bourse, whose year-to-date losses widened to 10.3%.
Market capitalisation saw more than QR1bn or 0.23% decrease to QR547.75bn, mainly owing to mid and microcap segments.
Trade turnover and volumes were on the decline on the market, where the banking sector alone accounted for more than 40% of the total trading volume.
The Total Return Index fell 0.26% to 17,977.67 points, Al Rayan Islamic Index (Price) by 0.29% to 2,115.76 points and All Share Index by 0.23% to 2,922.86 points.
The insurance index tanked 2.58%, telecom (1.14%), industrials (0.86%), consumer goods and services (0.3%) and realty (0.29%); while transport gained 0.26% and banks and financial services 0.23%.
Major losers included Qatar Insurance, Industries Qatar, Ooredoo, Barwa, Qatari Investors Group, Salam International Investment, Inma Holding and Qamco.
Nevertheless, about 60% of the traded constituents extended gains with major movers being Qatar Oman Investment, Ahlibank Qatar, Al Khaleej Takaful, United Development Company, Qatar National Cement, Commercial Bank, Baladna and Mannai Corporation.
Foreign funds’ net selling increased significantly to QR14.68mn compared to QR9.06mn on July 26.
The Arab individuals were net sellers to the tune of QR9.54mn against net buyers of QR1.07mn on Sunday.
Local retail investors’ net selling grew substantially to QR7.85mn compared to QR0.74mn the previous day.
Foreign individuals’ net profit booking also rose perceptibly to QR2.94mn against QR1.02mn on July 26.
However, domestic funds’ net buying increased considerably to QR32.54mn compared to QR15.88mn on Sunday.
The Gulf institutions turned net buyers to the extent of QR1.26mn against net sellers of QR4.64mn the previous day.
The Gulf individuals were net buyers to the tune of QR1.22mn compared with net sellers of QR1.02mn on July 26.
The Arab institutions had no major exposure against net profit takers of QR0.48mn on Sunday.
Total trade volumes fell 33% to 250.34mn shares and value by 15% to QR392.48mn, while transactions were up 3% to 8,794.
The transport sector’s trade volume plummeted 84% to 1.62mn equities, value by 83% to QR5.58mn and deals by 65% to 166.
The consumer goods and services sector saw 63% plunge in trade volume to 32.09mn stocks, 61% in value to QR48.11mn and 38% in transactions to 1,203.
The industrials sector’s trade volume tanked 51% to 65.91mn shares, value by 36% to QR78.34mn and deals by 26% to 1,916.
The market witnessed 13% shrinkage in the telecom sector’s trade volume to 5.43mn equities, 9% in value to QR8.7mn and 23% in transactions to 264.
The real estate sector’s trade volume was down 5% to 29.85mn stocks, whereas value gained 14% to QR44.59mn and deals by 35% to 1,125.
However, the insurance sector’s trade volume more than doubled to 15.04mn shares and value also more than doubled to QR27.07mn on more than tripled transactions to 621.
The banks and financial services sector reported 8% expansion in trade volume to 100.39mn equities, 42% in value to QR180.11mn and 62% in deals to 3,499.
In the debt market, there was no trading of sovereign bonds and treasury bills.
The profit booking was seen more in the Islamic stocks on the bourse, whose year-to-date losses widened to 10.3%.
Market capitalisation saw more than QR1bn or 0.23% decrease to QR547.75bn, mainly owing to mid and microcap segments.
Trade turnover and volumes were on the decline on the market, where the banking sector alone accounted for more than 40% of the total trading volume.
The Total Return Index fell 0.26% to 17,977.67 points, Al Rayan Islamic Index (Price) by 0.29% to 2,115.76 points and All Share Index by 0.23% to 2,922.86 points.
The insurance index tanked 2.58%, telecom (1.14%), industrials (0.86%), consumer goods and services (0.3%) and realty (0.29%); while transport gained 0.26% and banks and financial services 0.23%.
Major losers included Qatar Insurance, Industries Qatar, Ooredoo, Barwa, Qatari Investors Group, Salam International Investment, Inma Holding and Qamco.
Nevertheless, about 60% of the traded constituents extended gains with major movers being Qatar Oman Investment, Ahlibank Qatar, Al Khaleej Takaful, United Development Company, Qatar National Cement, Commercial Bank, Baladna and Mannai Corporation.
Foreign funds’ net selling increased significantly to QR14.68mn compared to QR9.06mn on July 26.
The Arab individuals were net sellers to the tune of QR9.54mn against net buyers of QR1.07mn on Sunday.
Local retail investors’ net selling grew substantially to QR7.85mn compared to QR0.74mn the previous day.
Foreign individuals’ net profit booking also rose perceptibly to QR2.94mn against QR1.02mn on July 26.
However, domestic funds’ net buying increased considerably to QR32.54mn compared to QR15.88mn on Sunday.
The Gulf institutions turned net buyers to the extent of QR1.26mn against net sellers of QR4.64mn the previous day.
The Gulf individuals were net buyers to the tune of QR1.22mn compared with net sellers of QR1.02mn on July 26.
The Arab institutions had no major exposure against net profit takers of QR0.48mn on Sunday.
Total trade volumes fell 33% to 250.34mn shares and value by 15% to QR392.48mn, while transactions were up 3% to 8,794.
The transport sector’s trade volume plummeted 84% to 1.62mn equities, value by 83% to QR5.58mn and deals by 65% to 166.
The consumer goods and services sector saw 63% plunge in trade volume to 32.09mn stocks, 61% in value to QR48.11mn and 38% in transactions to 1,203.
The industrials sector’s trade volume tanked 51% to 65.91mn shares, value by 36% to QR78.34mn and deals by 26% to 1,916.
The market witnessed 13% shrinkage in the telecom sector’s trade volume to 5.43mn equities, 9% in value to QR8.7mn and 23% in transactions to 264.
The real estate sector’s trade volume was down 5% to 29.85mn stocks, whereas value gained 14% to QR44.59mn and deals by 35% to 1,125.
However, the insurance sector’s trade volume more than doubled to 15.04mn shares and value also more than doubled to QR27.07mn on more than tripled transactions to 621.
The banks and financial services sector reported 8% expansion in trade volume to 100.39mn equities, 42% in value to QR180.11mn and 62% in deals to 3,499.
In the debt market, there was no trading of sovereign bonds and treasury bills.
