Domestic funds were Sunday seen marginally bullish and there was weakened net selling by local retail investors in the Qatar Stock Exchange, which otherwise closed in the negative.
The Arab funds were also bullish and there was increased net buying by the Arab individuals even as the 20-stock Qatar Index declined 15 points or 0.14% to 10,507.81 points, having recovered from an intraday low of 10,468 points.
The telecom, transport and industrials witnessed buying support in the bourse, whose year-to-date gains were at 0.69%.
More than 52% of the traded constituents were in the red in the market, whose capitalisation saw QR23mn or 0.04% decrease to QR606.74bn, mainly owing to microcap segments.
The Islamic index was seen declining slower than the main barometer in the bourse, which saw the foreign individuals turn bearish.
Trade turnover and volumes were on the decline in the market, where the industrials and consumer goods sectors together accounted for about 71% of the trading volume.
A total of 23,705 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR136,461 changed hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index was down 0.14% to 20,273.85points, All Share Index by 0.11% to 3,229.17 points and Al Rayan Islamic Index (Price) by 0.13% to 2,404.69 points.
The insurance index declined 0.6%, real estate (0.28%), consumer goods and services (0.23%) and banks and financial services (0.2%); whereas telecom gained 0.42%, transport (0.2%) and industrials (0.09%).
Major decliners included Doha Bank, Qatar Insurance, Qatari Investors Group, United Development Company, Gulf International Services, Alijarah Holding, Medicare Group, Vodafone Qatar, Nakilat and Gulf Warehousing.
Nevertheless, Investment Holding Group, Al Khaleej Takaful, Ahlibank Qatar, Salam International Investment, Qatar Oman Investment, Qatari German Medical Devices, Baladna, Qatar National Cement, Aamal Company, Ooredoo and Milaha were among the gainers.
The Gulf institutions turned net sellers to the tune of QR3.58mn against net buyers of QR8.52mn on February 11.
The foreign individuals were net sellers to the extent of QR2.64mn compared with net buyers of QR1.85mn last Thursday.
The Gulf individuals turned net sellers to the tune of QR0.25mn against net buyers of QR3.03mn the previous trading day.
The foreign institutions’ net buying declined significantly to QR9.23mn compared to QR21.46mn on February 11.
However, the Arab individuals’ net buying increased perceptibly to QR1.28mn against QR0.08mn last Thursday.
The domestic funds turned net buyers to the extent of QR0.99mn compared with net sellers of QR9.88mn the previous trading day.
The Arab institutions were net buyers to the tune of QR0.09mn against no major exposure on February 11.
The local retail investors’ net selling weakened considerably to QR5.14mn compared to QR25.02mn last Thursday.
Total trade volume fell 13% to 159.88mn shares and value by 35% to QR246.89mn but on unchanged transactions at 8,508.
The telecom sector’s trade volume plummeted 75% to 2.12mn equities, value by 63% to QR6.36mn and deals by 42% to 177.
The transport sector reported 57% plunge in trade volume to 3.08mn stocks and 56% in value to QR17.34mn but on 15% jump in transactions to 529.
The insurance sector’s trade volume tanked 46% to 5.59mn shares, value by 44% to QR17.35mn and deals by 48% to 431.
There was 31% shrinkage in the industrials sector’s trade volume to 63.23mn equities, 52% in value to QR55.28mn and 48% in transactions to 1,495.
The banks and financial services sector’s trade volume shrank 24% to 20.87mn stocks, value by 43% to QR67.68n and deals by 53% to 1,264.
However, the market witnessed 88% surge in the consumer goods and services sector’s trade volume to 49.64mn shares, 56% in value to QR57.09mn and 24% in transactions to 1,104.
The realty sector’s trade volume expanded 23% to 15.36mn equities, value by 22% to QR25.8mn and deals by 40% to 898.