The local retail investors’ strong buying interests notwithstanding, the Qatar Stock Exchange on Sunday opened the week weak as its key lost more than 71 points to fall below 10,500 levels, reflecting the frail global cues of the previous week.
The foreign and Arab individuals were also seen net buyers even as the 20-stock Qatar Index settled 0.67% lower at 10,473.5 points, recovering from an intraday low of 10,450 points.
An across the board selling, particularly in the consumer goods and services, was visible in the bourse, whose year-to-date gains were at 0.36%.
About 77% of the traded constituents were in the red in the market, whose capitalisation saw more than QR4bn or 0.68% decline to QR608.37bn, mainly dragged by mid and microcap segments.
Trade turnover and volumes were on the decrease in the bourse, where the industrials and banking sectors accounted for more than 70% of the trading volume.
A total of 1.48mn exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR3.6mn changed hands across 135 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.67% to 20,134.96 points, the All Share Index by 0.67% to 3,216.17 points and the Al Rayan Islamic Index (Price) by 0.95% to 2,373.77 points.
The consumer goods and services sector index tanked 1.44%, transport (0.65%), banks and financial services (0.64%), industrials (0.62%), insurance (0.61%), real estate (0.37%) and telecom (0.15%).
Major decliners included Qatari Investors Group, Vodafone Qatar, Dlala, Investment Holding Group, Woqod, QNB, Doha Bank, QIIB, Aamal Company, Qamco, Mesaieed Petrochemical Holding, Qatar Insurance, QLM, Ezdan and Milaha; even as Qatar Islamic Insurance, Al Khaleej Takaful, Qatar National Cement, Ooredoo and Gulf International Services were among the gainers.
The foreign institutions turned net sellers to the tune of QR16.34mn compared with net buyers of QR28.28mn the previous trading day.
The Gulf institutions were net sellers to the extent of QR12.41mn against net buyers of QR5.17mn on January 28.
The Gulf individuals turned net sellers to the tune of QR2.88mn compared with net buyers of QR0.06mn last Thursday.
The domestic funds’ net buying declined substantially to QR1.88mn against QR21.51mn the previous trading day.
However, Qataris were net buyers to the extent of QR27.81mn compared with net sellers of QR37.91mn on January 28.
The foreign individuals turned net buyers to the tune of QR2.09mn against net sellers of QR1.98mn last Thursday.
The Arab individuals were net buyers to the extent of QR0.15mn compared with net sellers of QR5.81mn the previous trading day.
The Arab funds turned net buyers to the tune of QR0.02mn against net profit takers of QR9.38mn on January 28.
Total trade volume fell 43% to 128.04mn shares, value by 53% to QR303.23mn and transactions by 30% to 7,586.
The transport sector’s trade volume plummeted 91% to 0.98mn equities, value by 91% to QR4.04mn and deals by 79% to 124.
The consumer goods and services sector saw a 61% plunge in trade volume to 12.11mn stocks, 29% in value to QR39.55mn and 23% in transactions to 806.
The telecom sector’s trade volume tanked 57% to 6.5mn shares, value by 62% to QR14.11mn and deals by 21% to 503.
There was a 55% contraction in the realty sector’s trade volume to 13.5mn equities, 57% in value to QR25.22mn and 42% in transactions to 794.
The insurance sector’s trade volume shrank 42% to 4.67mn stocks, value by 48% to QR11.78mn and deals by 50% to 297.
The banks and financial services sector reported a 41% shrinkage in trade volume to 36.17mn shares, 55% in value to QR129.27mn and 20% in transactions to 2,886.
The industrials sector’s trade volume was down 19% to 54.12mn equities, value by 40% to QR79.26mn and deals by 27% to 2,176.