Local retail investors and domestic institutions were increasingly bullish Thursday, even as the Qatar Stock Exchange settled in the negative and its key index closed below 10,700 levels.
An across the board selling – particularly in industrials and banking – drove the 20-stock Qatar Index down 80 points or 0.74% to 10,696.3 points, having touched an intraday high of 10,761 points.
The Gulf funds and foreign individuals were seen increasingly into net buying in the market, whose year-to-date gains were at 2.49%.
The foreign institutions were increasingly into net profit booking in the bourse, whose capitalisation saw more than QR5bn or 0.84% erosion to QR618.79bn, mainly owing to large and midcap segments.
More than 57% of the traded constituents were in the red in the market, which saw the industrials and consumer goods and services sectors together constitute more than 51% of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where the Gulf individuals were increasingly into net selling.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 5,368 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha bank-sponsored QETF) valued at QR14,545 change hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 0.74% to 21,173.98 points, the All Share Index by 0.75% to 3,392.65 points and the Al Rayan Islamic Index (Price) by 0.5% to 2,453.21 points.
The industrials index declined 0.87%, banks and financial services (0.83%), telecom (0.72%), transport (0.64%), real estate (0.51%), consumer goods and services (0.33%) and insurance (0.31%).
Major losers included Industries Qatar, QNB, Qatar Insurance, Ooredoo, Mannai Corporation, Widam Food, Investment Holding Group, Nakilat, Masraf Al Rayan, Salam International Investment, Qatari Investors Group, Mesaieed Petrochemical Holding and Qamco.
Nevertheless, Qatar Cinema and Film Distribution, Qatari German Medical Devices, Qatar Islamic Insurance, QLM, Doha Insurance, Inma Holding, Baladna and Mazaya Qatar were among the gainers.
Foreign funds’ net profit booking increased significantly to QR31.14mn against QR4.45mn on July 14.
The Gulf individuals’ net selling strengthened marginally to QR0.65mn compared to QR0.3mn on Wednesday.
However, Qatari individuals’ net buying grew drastically to QR16.77mn against QR3.28mn the previous day.
The domestic institutions’ net buying rose perceptibly to QR9.02mn compared to QR3.46mn on July 14.
The Gulf institutions’ net buying shot up markedly to QR7.89mn against QR2.42mn on Wednesday.
Foreign individuals’ net buying expanded noticeably to QR2.11mn compared to QR0.2mn the previous day.
The Arab individuals’ net profit booking eased marginally to QR3.99mn against QR4.61mn on July 14.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume rose 6% to 86.7mn shares, value by 20% to QR263.66mn and transactions by 5% to 6,432.
The telecom sector’s trade volume more than doubled to 7.32mn equities and value more than doubled to QR23.7mn on a 39% increase in deals to 870.
The insurance’s trade volume more than doubled to 1.45mn stocks and value also more than doubled to QR6.06mn on a 42% growth in transactions to 145.
The real estate sector reported a 27% surge in trade volume to 13.51mn shares, 27% in value to QR18.87mn and 17% in deals to 645.
The banks and financial services sector’s trade volume shot up 9% to 16.04mn equities and value by 4% to QR93.88mn; whereas transactions were down 8% to 1,774.
There was a 6% jump in the consumer goods and services sector’s trade volume to 19.55mn stocks, 75% in value to QR52.53mn and 52% in deals to 1,274.
However, the transport sector’s trade volume plummeted 44% to 3.8mn shares, value by 46% to QR12.59mn and transactions by 37% to 380.
The industrials sector reported a 10% shrinkage in trade volume to 25.03mn equities but on a 15% expansion in value to QR56.03mn despite 8% lower deals at 1,344.
An across the board selling – particularly in industrials and banking – drove the 20-stock Qatar Index down 80 points or 0.74% to 10,696.3 points, having touched an intraday high of 10,761 points.
The Gulf funds and foreign individuals were seen increasingly into net buying in the market, whose year-to-date gains were at 2.49%.
The foreign institutions were increasingly into net profit booking in the bourse, whose capitalisation saw more than QR5bn or 0.84% erosion to QR618.79bn, mainly owing to large and midcap segments.
More than 57% of the traded constituents were in the red in the market, which saw the industrials and consumer goods and services sectors together constitute more than 51% of the total trading volume.
The overall trade turnover and volumes were on the increase in the bourse, where the Gulf individuals were increasingly into net selling.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 5,368 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha bank-sponsored QETF) valued at QR14,545 change hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 0.74% to 21,173.98 points, the All Share Index by 0.75% to 3,392.65 points and the Al Rayan Islamic Index (Price) by 0.5% to 2,453.21 points.
The industrials index declined 0.87%, banks and financial services (0.83%), telecom (0.72%), transport (0.64%), real estate (0.51%), consumer goods and services (0.33%) and insurance (0.31%).
Major losers included Industries Qatar, QNB, Qatar Insurance, Ooredoo, Mannai Corporation, Widam Food, Investment Holding Group, Nakilat, Masraf Al Rayan, Salam International Investment, Qatari Investors Group, Mesaieed Petrochemical Holding and Qamco.
Nevertheless, Qatar Cinema and Film Distribution, Qatari German Medical Devices, Qatar Islamic Insurance, QLM, Doha Insurance, Inma Holding, Baladna and Mazaya Qatar were among the gainers.
Foreign funds’ net profit booking increased significantly to QR31.14mn against QR4.45mn on July 14.
The Gulf individuals’ net selling strengthened marginally to QR0.65mn compared to QR0.3mn on Wednesday.
However, Qatari individuals’ net buying grew drastically to QR16.77mn against QR3.28mn the previous day.
The domestic institutions’ net buying rose perceptibly to QR9.02mn compared to QR3.46mn on July 14.
The Gulf institutions’ net buying shot up markedly to QR7.89mn against QR2.42mn on Wednesday.
Foreign individuals’ net buying expanded noticeably to QR2.11mn compared to QR0.2mn the previous day.
The Arab individuals’ net profit booking eased marginally to QR3.99mn against QR4.61mn on July 14.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume rose 6% to 86.7mn shares, value by 20% to QR263.66mn and transactions by 5% to 6,432.
The telecom sector’s trade volume more than doubled to 7.32mn equities and value more than doubled to QR23.7mn on a 39% increase in deals to 870.
The insurance’s trade volume more than doubled to 1.45mn stocks and value also more than doubled to QR6.06mn on a 42% growth in transactions to 145.
The real estate sector reported a 27% surge in trade volume to 13.51mn shares, 27% in value to QR18.87mn and 17% in deals to 645.
The banks and financial services sector’s trade volume shot up 9% to 16.04mn equities and value by 4% to QR93.88mn; whereas transactions were down 8% to 1,774.
There was a 6% jump in the consumer goods and services sector’s trade volume to 19.55mn stocks, 75% in value to QR52.53mn and 52% in deals to 1,274.
However, the transport sector’s trade volume plummeted 44% to 3.8mn shares, value by 46% to QR12.59mn and transactions by 37% to 380.
The industrials sector reported a 10% shrinkage in trade volume to 25.03mn equities but on a 15% expansion in value to QR56.03mn despite 8% lower deals at 1,344.
