Weakened oil prices on apprehensions of weaker demand and China's fresh Covid-19 curbs had its toll on the Qatar Stock Exchange, whose key index fell 243 points to settle below 13,200 levels and capitalisation eroded QR15bn.
An across the board profit booking, particularly in realty, banking and transport, led the 20-stock Qatar Index fall 1.81% to 13.182.98 points yesterday, although it touched an intraday high of 13,543 points.
The foreign institutions were increasingly net profit takers in the market, whose year-to-date gains were truncated to 13.39%.
As much as 80% of the traded constituents were in the red in the bourse, whose capitalisation eroded more than QR15bn or 2.01% to QR733.18bn mainly on large and midcap segments.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 0.09mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.07mn changed hands across 33 deals.
Trade turnover and volumes were on the rise in the main market, even as the venture market saw turnover and volumes scale up.
The local retail investors turned net sellers in the market, which saw no trading of sovereign bonds.
The net buying interests of both the Gulf institutions and Arab individuals were seen weakening in the bourse, which saw no trading of treasury bills.
The Total Return Index shrank 1.81% to 27,003.02 points, the All Share Index by 1.87% to 4,178.26 points and the Al Rayan Islamic Index (Price) by 1.7% to 2,899.94 points.
The real estate sector index plunged 2.92%, banks and financial services (2.32%), transport (1.98%), industrials (1.33%), consumer goods and services (0.74%), telecom (0.61%) and insurance (0.3%).
Major losers in the main market included Ezdan, United Development Company, Qatar General Insurance and Reinsurance, Milaha, QNB, Qatar Islamic Bank, Industries Qatar, Aamal Company, Mesaieed Petrochemical Holding and Gulf Warehousing.
Nevertheless, Mannai Corporation, Qatar First Bank, Qatar Insurance, Qamco, Doha Bank and Vodafone Qatar were among the gainers in the main market. In the venture market, Mekdam Holding saw its shares appreciate in value.
The foreign institutions’ net selling increased substantially to QR46.02mn compared to QR23.24mn on August 31.
Qatari individuals turned net sellers to the tune of QR15.84mn against net buyers of QR21.49mn the previous day.
The Gulf institutions’ net buying declined considerably to QR4.26mn compared to QR10.6mn on Wednesday.
The Arab individuals’ net buying weakened noticeably to QR5.13mn against QR7.34mn on August 31.
The foreign individuals’ net buying also shrank perceptibly to QR2.46mn compared to QR4.29mn the previous day.
However, the domestic funds turned net buyers to the extent of QR47.84mn against net sellers of QR21.37mn on Wednesday.
The Gulf retail investors’ net buying strengthened markedly to QR2.17mn compared to QR0.9mn on August 31.
The Arab institutions had no major net exposure for the third straight session.
Total trade volume in the main market tanked 45% to 136.91mn shares, value by 60% to QR601.7mn and deals by 18% to 20,362.
In the venture market, there was a 7% jump in trade volumes to 0.15mn equities, 45% in value to QR1.12mn and 33% in transactions to 65.
An across the board profit booking, particularly in realty, banking and transport, led the 20-stock Qatar Index fall 1.81% to 13.182.98 points yesterday, although it touched an intraday high of 13,543 points.
The foreign institutions were increasingly net profit takers in the market, whose year-to-date gains were truncated to 13.39%.
As much as 80% of the traded constituents were in the red in the bourse, whose capitalisation eroded more than QR15bn or 2.01% to QR733.18bn mainly on large and midcap segments.
The Islamic index was seen declining slower than the other indices in the market, which saw a total of 0.09mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR1.07mn changed hands across 33 deals.
Trade turnover and volumes were on the rise in the main market, even as the venture market saw turnover and volumes scale up.
The local retail investors turned net sellers in the market, which saw no trading of sovereign bonds.
The net buying interests of both the Gulf institutions and Arab individuals were seen weakening in the bourse, which saw no trading of treasury bills.
The Total Return Index shrank 1.81% to 27,003.02 points, the All Share Index by 1.87% to 4,178.26 points and the Al Rayan Islamic Index (Price) by 1.7% to 2,899.94 points.
The real estate sector index plunged 2.92%, banks and financial services (2.32%), transport (1.98%), industrials (1.33%), consumer goods and services (0.74%), telecom (0.61%) and insurance (0.3%).
Major losers in the main market included Ezdan, United Development Company, Qatar General Insurance and Reinsurance, Milaha, QNB, Qatar Islamic Bank, Industries Qatar, Aamal Company, Mesaieed Petrochemical Holding and Gulf Warehousing.
Nevertheless, Mannai Corporation, Qatar First Bank, Qatar Insurance, Qamco, Doha Bank and Vodafone Qatar were among the gainers in the main market. In the venture market, Mekdam Holding saw its shares appreciate in value.
The foreign institutions’ net selling increased substantially to QR46.02mn compared to QR23.24mn on August 31.
Qatari individuals turned net sellers to the tune of QR15.84mn against net buyers of QR21.49mn the previous day.
The Gulf institutions’ net buying declined considerably to QR4.26mn compared to QR10.6mn on Wednesday.
The Arab individuals’ net buying weakened noticeably to QR5.13mn against QR7.34mn on August 31.
The foreign individuals’ net buying also shrank perceptibly to QR2.46mn compared to QR4.29mn the previous day.
However, the domestic funds turned net buyers to the extent of QR47.84mn against net sellers of QR21.37mn on Wednesday.
The Gulf retail investors’ net buying strengthened markedly to QR2.17mn compared to QR0.9mn on August 31.
The Arab institutions had no major net exposure for the third straight session.
Total trade volume in the main market tanked 45% to 136.91mn shares, value by 60% to QR601.7mn and deals by 18% to 20,362.
In the venture market, there was a 7% jump in trade volumes to 0.15mn equities, 45% in value to QR1.12mn and 33% in transactions to 65.