The Qatar Stock Exchange on Tuesday witnessed domestic funds turn bullish even as it closed 19 points lower, reflecting the global sentiments on increasing concerns of rising inflation and a looming economic slowdown.
Severe selling pressure was seen at the telecom and banking counters as the 20-stock Qatar Index fell 0.14% to 12,959.13 points, recovering from an intraday low of 12,899 points.
About 57% of the traded constituents were in the red in the market, whose year-to-date gains were at 11.47%.
Local retail investors were increasingly net profit takers in the bourse, whose capitalisation more than QR5bn or 0.7% to QR727.28bn, mainly on the back of midcap segments.
The Islamic index was however seen gaining vis-a-vis declines in the other indices in the market, where the industrials sector alone constituted more than 54% of the total trading volume.
The Gulf institutions turned net sellers in the bourse, which saw a total of 58,141 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.64mn changed hands across 25 deals.
The foreign individuals were also net profit takers in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index was down 0.14% to 26,544.5points and the All Share Index by 0.49% to 4,135.79 points, while the Al Rayan Islamic Index (Price) gained 0.16% to 2,812.48 points.
The telecom sector index plummeted 1.81% and banks and financial services 1.41%; while transport shot up 3.34%, industrials (0.42%), real estate (0.38%), consumer goods and services (0.31%) and insurance (0.1%).
Major losers in the main market included Qatari German Medical Devices, QNB, Qatar National Cement, Ooredoo, Doha Insurance, Commercial Bank, Qatar First Bank, Medicare Group, Mannai Corporation, Al Meera, Baladna, Qatari Investors Group, Aamal Company and Qatar General Insurance and Reinsurance.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Gulf International Services, Qatar Industrial Manufacturing, Gulf Warehousing, Nakilat, Qamco, QIIB, Widam Food, Barwa and Milaha were among the gainers in the main market.
Qatari individuals’ net selling rose markedly to QR66.74mn compared to QR56.08mn on June 6.
The Gulf institutions turned net sellers to the tune of QR4.45mn against net buyers of QR15.95mn on Monday.
The foreign individuals were net sellers to the extent of QR1.13mn compared with net buyers of QR3mn the previous day.
The foreign institutions’ net buying declined considerably to QR51.07mn against QR99.04mn on June 6.
However, the domestic funds turned net buyers to the tune of QR18.53mn compared with net sellers of QR46.09mn on Monday.
The Arab individuals were net buyers to the extent of QR4.38mn against net sellers of QR13.09mn the previous day.
The Gulf individuals’ net profit booking eased perceptibly to QR1.66mn compared to QR2.71mn on June 6.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume in the main market rose 91% to 236.84mn shares, value by 66% to QR824.11mn and transactions by 43% to 23,162.
The industrials sector’s trade volume almost tripled to 128.71mn equities and value more than doubled to QR328.41mn on more-than-doubled deals to 7,115.
The transport sector’s trade volume more than doubled to 15.21mn stocks and value also more than doubled to QR70.21mn on a 72% increase in transactions to 1,322.
There was an 81% surge in the insurance sector’s trade volume to 3.09mn shares, 87% in value to QR10.61mn and 39% in deals to 289.
The telecom sector’s trade volume soared 66% to 5.29mn equities, whereas value shrank 10% to QR12.88mn and transactions by 14% to 686.
The consumer goods and services sector reported a 46% expansion in trade volume to 31.08mn stocks, 69% in value to QR71.61mn and 20% in deals to 1,469.
The real estate sector’s trade volume zoomed 39% to 20.52mn shares, value by 45% to QR37.13mn and transactions by 83% to 1,712.
However, the banks and financial services sector saw 1% dip in trade volume to 32.96mn equities but on 20% jump in value to QR293.27mn and 20% in deals to 10,569.
In the venture market, trade volumes shrank 32.32% to 0.67mn stocks and value by 31.75% to QR4.17mn, while transactions grew 37.5% to 319.
Severe selling pressure was seen at the telecom and banking counters as the 20-stock Qatar Index fell 0.14% to 12,959.13 points, recovering from an intraday low of 12,899 points.
About 57% of the traded constituents were in the red in the market, whose year-to-date gains were at 11.47%.
Local retail investors were increasingly net profit takers in the bourse, whose capitalisation more than QR5bn or 0.7% to QR727.28bn, mainly on the back of midcap segments.
The Islamic index was however seen gaining vis-a-vis declines in the other indices in the market, where the industrials sector alone constituted more than 54% of the total trading volume.
The Gulf institutions turned net sellers in the bourse, which saw a total of 58,141 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.64mn changed hands across 25 deals.
The foreign individuals were also net profit takers in the market, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the increase in the bourse, which saw no trading of treasury bills.
The Total Return Index was down 0.14% to 26,544.5points and the All Share Index by 0.49% to 4,135.79 points, while the Al Rayan Islamic Index (Price) gained 0.16% to 2,812.48 points.
The telecom sector index plummeted 1.81% and banks and financial services 1.41%; while transport shot up 3.34%, industrials (0.42%), real estate (0.38%), consumer goods and services (0.31%) and insurance (0.1%).
Major losers in the main market included Qatari German Medical Devices, QNB, Qatar National Cement, Ooredoo, Doha Insurance, Commercial Bank, Qatar First Bank, Medicare Group, Mannai Corporation, Al Meera, Baladna, Qatari Investors Group, Aamal Company and Qatar General Insurance and Reinsurance.
In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Gulf International Services, Qatar Industrial Manufacturing, Gulf Warehousing, Nakilat, Qamco, QIIB, Widam Food, Barwa and Milaha were among the gainers in the main market.
Qatari individuals’ net selling rose markedly to QR66.74mn compared to QR56.08mn on June 6.
The Gulf institutions turned net sellers to the tune of QR4.45mn against net buyers of QR15.95mn on Monday.
The foreign individuals were net sellers to the extent of QR1.13mn compared with net buyers of QR3mn the previous day.
The foreign institutions’ net buying declined considerably to QR51.07mn against QR99.04mn on June 6.
However, the domestic funds turned net buyers to the tune of QR18.53mn compared with net sellers of QR46.09mn on Monday.
The Arab individuals were net buyers to the extent of QR4.38mn against net sellers of QR13.09mn the previous day.
The Gulf individuals’ net profit booking eased perceptibly to QR1.66mn compared to QR2.71mn on June 6.
The Arab institutions continued to have no major net exposure for the second straight session.
Total trade volume in the main market rose 91% to 236.84mn shares, value by 66% to QR824.11mn and transactions by 43% to 23,162.
The industrials sector’s trade volume almost tripled to 128.71mn equities and value more than doubled to QR328.41mn on more-than-doubled deals to 7,115.
The transport sector’s trade volume more than doubled to 15.21mn stocks and value also more than doubled to QR70.21mn on a 72% increase in transactions to 1,322.
There was an 81% surge in the insurance sector’s trade volume to 3.09mn shares, 87% in value to QR10.61mn and 39% in deals to 289.
The telecom sector’s trade volume soared 66% to 5.29mn equities, whereas value shrank 10% to QR12.88mn and transactions by 14% to 686.
The consumer goods and services sector reported a 46% expansion in trade volume to 31.08mn stocks, 69% in value to QR71.61mn and 20% in deals to 1,469.
The real estate sector’s trade volume zoomed 39% to 20.52mn shares, value by 45% to QR37.13mn and transactions by 83% to 1,712.
However, the banks and financial services sector saw 1% dip in trade volume to 32.96mn equities but on 20% jump in value to QR293.27mn and 20% in deals to 10,569.
In the venture market, trade volumes shrank 32.32% to 0.67mn stocks and value by 31.75% to QR4.17mn, while transactions grew 37.5% to 319.