QSE witnesses buy interests in transport, telecom, consumer goods

The Qatar Stock Exchange Thursday witnessed buying interests in transport, telecom and consumer goods; even as it was on the declining path for the second consecutive day.The bearish outlook of the Arab individuals drove the 20-stock Qatar Index down 10 points or 0.08% to 11,949.75 points, although it touched an intraday high of 11,990 points.The foreign institutions’ net selling was seen considerably weakening in the market, whose year-to-date gains were at 14.51%.The local retail investors continued to be net sellers but with lesser intensity in the market, whose capitalisation saw QR57mn or 0.08% fall to QR690.01bn on microcap segments.The domestic funds also continued to be net sellers but with lesser vigour in the bourse, where the industrials and banking sectors together constituted about 62% of the total trading volume.The overall trade turnover and volumes were on the decline in the main market, where both the Gulf and foreign individuals continued to be net buyers but with lesser intensity.Nevertheless, the Gulf institutions turned bullish in the market, which saw a total of 42,818 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR408,662 trade across seven deals.The Total Return Index was down 0.08% to 23,655.25 points, All Share Index by 0.08% to 3,783.79 points and Al Rayan Islamic Index (Price) by 0.05% to 2,658.58 points.The industrials sector index declined 0.42%, insurance (0.34%), real estate (0.13%) and banks and financial services (0.06%); whereas transport gained 0.53%, telecom (0.49%) and consumer goods and services (0.18%).Major losers in the main market included Qatar General Insurance and Reinsurance, Qatar First Bank, Widam Food, Aamal Company, Gulf Warehousing, Qatar Islamic Bank, Mannai Corporation, Baladna, Qatari Investors Group and Industries Qatar. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares lose sheen.Nevertheless, Inma Holding, Doha Insurance, QLM, Nakilat, Al Meera Consumer Goods, Dlala, Mazaya Qatar, Ooredoo and Vodafone Qatar were among the gainers in the main market.The Arab individuals turned net sellers to the tune of QR1.56mn against net buyers of QR11.1mn on November 17.The foreign funds’ net buying declined significantly to QR63.65mn compared to QR102.79mn on Wednesday.The foreign individuals’ net buying weakened markedly to QR0.07mn against QR1.65mn the previous day.The Gulf individuals’ net buying eased marginally to QR0.37mn compared to QR0.8mn on November 17.However, the Gulf institutions were net buyers to the extent of QR6.01mn against net sellers of QR3.1mn on Wednesday.The Qatari individuals’ net selling shrank substantially to QR54.62mn compared to QR97.45mn the previous day.The domestic funds’ net profit booking fell perceptibly to QR13.94mn against QR15.81mn on November 17.The Arab funds continued to have no major net exposure for the third consecutive day.Total trade volume in the main market fell 16% to 99.34mn shares and value by 9% to QR362.61mn, while transactions rose 20% to 8,908.The banks and financial services sector saw 31% plunge in trade volume to 24.18mn equities and 22% in value to QR166.71mn but on 22% growth in deals to 4,086.The real estate sector’s trade volume plummeted 29% to 10.42mn stocks, value by 35% to QR17.56mn and transactions by 5% to 463.The market witnessed 21% contraction in the industrials sector’s trade volume to 37.26mn shares and 16% in value to QR86.23mn but on less than 1% jump in deals to 2,005.The consumer goods and services sector’s trade volume was down 6% to 15.33mn equities, while value shot up 14% to QR35.1mn and transactions by 9% to 796.However, the insurance’s sector’s trade volume grew almost five-fold to 2.21mn stocks and value also by about five-fold to QR8.28mn on more than doubled deals to 183.The telecom sector’s trade volume more than tripled to 3.67mn shares and value more than doubled to QR13.49mn on 82% increase in transactions to 714.The transport sector’s trade volume almost doubled to 6.27mn equities and value also almost doubled to QR35.24mn on 70% expansion in deals to 661.In the venture market, volume and transactions gained 12.61% and 4.44% respectively, even as value declined 16.38%.