The Qatar Stock Exchange on Sunday witnessed strong gains at the banking and financial services counter, but overall it settled marginally lower.
Foreign institutions were seen net buyers even as the 20-stock Qatar Index was down about seven points or 0.07% to 10,266.59 points, having recovered from an intraday low of 10,258 points.
The insurance, industrials, real estate and consumer goods sectors witnessed higher-than-average selling pressure on the bourse, whose year-to-date losses widened to 1.62%.
About 74% of the traded constituents were in the red on the market, whose capitalisation nevertheless saw QR15mn or 0.03% jump to QR591.72bn, mainly owing to microcap segment.
The Islamic index was seen declining faster than the main barometer on the bourse, which saw the local retail investors increasingly net profit takers.
Trade turnover fell amidst higher volumes on the market, where the industrials sector alone accounted for more than 58% of the trading volume.
A total of 164,743 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR865,569 changed hands across 20 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index fell 0.07% to 19,808.43points and Al Rayan Islamic Index (Price) by 0.48% to 2,365.36 points, while All Share Index was up 0.03% to 3,153.32 points.
The insurance sector’s index tanked 2%, industrials (1.05%), real estate (0.95%), consumer goods and services (0.94%), transport (0.64%) and telecom (0.2%); whereas banks and financial services gained 0.94%.
Major losers included Gulf International Services, Commercial Bank, Qatar Industrial Manufacturing, Qatar Insurance, Ezdan, Al Khaleej Takaful, Dlala, Qatar First Bank, Doha Bank, Alijarah Holding, Qatari German Medical Devices, Medicare Group, Baladna, Qatari Investors Group, Mesaieed Petrochemical Holding, Mazaya Qatar and Vodafone Qatar; even as Ahlibank Qatar, QNB, Qamco, Qatar Islamic Bank and Al Khaliji were among the gainers.
Qatari investors turned net sellers to the tune of QR41.49mn compared with net buyers of QR16.36mn on February 18.
The Arab individuals were net sellers to the extent of QR7.23mn against net buyers of QR4.29mn the previous trading day.
The Gulf individuals turned net sellers to the tune of QR3.15mn compared with net buyers of QR0.32mn last Thursday.
The Gulf institutions were net profit takers to the extent of QR1.27mn against net buyers of QR4.97mn on February 18.
The Arab funds turned net sellers to the tune of QR0.1mn compared with net buyers of QR0.25mn the previous trading day.
The domestic institutions’ net buying eased noticeably to QR32.84mn against QR40.26mn last Thursday.
However, the foreign funds turned net buyers to the tune of QR12.51mn compared with net sellers of QR73.94mn on February 18.
The foreign individuals’ net buying increased marginally to QR7.85mn against QR7.5mn the previous trading day.
Total trade volume rose 28% to 178.35mn shares, while value fell 10% to QR361.7mn and transactions by 20% to 8,223.
The consumer goods and services sector’s trade volume more than tripled to 29.47mn equities and value also more than tripled to QR82.28mn on 66% increase in deals to 1,286.
The insurance sector’s trade volume more than doubled to 3.73mn stocks and value almost tripled to QR11.24mn on 29% jump in transactions to 254.
The market witnessed 28% surge in the industrials sector’s trade volume to 103.99mn shares and 14% in value to QR135.29mn but on 7% contraction in deals to 3,060.
The realty sector’s trade volume soared 24% to 14.48mn equities and value by 4% to QR23.04mn; while transactions shrank 26% to 741.
However, there was 46% plunge in the telecom sector’s trade volume to 2.74mn stocks, 36% in value to QR9.44mn and 25% in deals to 403.
The transport sector’s trade volume plummeted 41% to 2.01mn shares, value by 36% to QR9.48mn and transactions by 66% to 168.
The banks and financial services sector saw 20% shrinkage in trade volume to 21.93mn equities, 55% in value to QR90.93mn and 42% in deals to 2,311.
Foreign institutions were seen net buyers even as the 20-stock Qatar Index was down about seven points or 0.07% to 10,266.59 points, having recovered from an intraday low of 10,258 points.
The insurance, industrials, real estate and consumer goods sectors witnessed higher-than-average selling pressure on the bourse, whose year-to-date losses widened to 1.62%.
About 74% of the traded constituents were in the red on the market, whose capitalisation nevertheless saw QR15mn or 0.03% jump to QR591.72bn, mainly owing to microcap segment.
The Islamic index was seen declining faster than the main barometer on the bourse, which saw the local retail investors increasingly net profit takers.
Trade turnover fell amidst higher volumes on the market, where the industrials sector alone accounted for more than 58% of the trading volume.
A total of 164,743 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR865,569 changed hands across 20 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index fell 0.07% to 19,808.43points and Al Rayan Islamic Index (Price) by 0.48% to 2,365.36 points, while All Share Index was up 0.03% to 3,153.32 points.
The insurance sector’s index tanked 2%, industrials (1.05%), real estate (0.95%), consumer goods and services (0.94%), transport (0.64%) and telecom (0.2%); whereas banks and financial services gained 0.94%.
Major losers included Gulf International Services, Commercial Bank, Qatar Industrial Manufacturing, Qatar Insurance, Ezdan, Al Khaleej Takaful, Dlala, Qatar First Bank, Doha Bank, Alijarah Holding, Qatari German Medical Devices, Medicare Group, Baladna, Qatari Investors Group, Mesaieed Petrochemical Holding, Mazaya Qatar and Vodafone Qatar; even as Ahlibank Qatar, QNB, Qamco, Qatar Islamic Bank and Al Khaliji were among the gainers.
Qatari investors turned net sellers to the tune of QR41.49mn compared with net buyers of QR16.36mn on February 18.
The Arab individuals were net sellers to the extent of QR7.23mn against net buyers of QR4.29mn the previous trading day.
The Gulf individuals turned net sellers to the tune of QR3.15mn compared with net buyers of QR0.32mn last Thursday.
The Gulf institutions were net profit takers to the extent of QR1.27mn against net buyers of QR4.97mn on February 18.
The Arab funds turned net sellers to the tune of QR0.1mn compared with net buyers of QR0.25mn the previous trading day.
The domestic institutions’ net buying eased noticeably to QR32.84mn against QR40.26mn last Thursday.
However, the foreign funds turned net buyers to the tune of QR12.51mn compared with net sellers of QR73.94mn on February 18.
The foreign individuals’ net buying increased marginally to QR7.85mn against QR7.5mn the previous trading day.
Total trade volume rose 28% to 178.35mn shares, while value fell 10% to QR361.7mn and transactions by 20% to 8,223.
The consumer goods and services sector’s trade volume more than tripled to 29.47mn equities and value also more than tripled to QR82.28mn on 66% increase in deals to 1,286.
The insurance sector’s trade volume more than doubled to 3.73mn stocks and value almost tripled to QR11.24mn on 29% jump in transactions to 254.
The market witnessed 28% surge in the industrials sector’s trade volume to 103.99mn shares and 14% in value to QR135.29mn but on 7% contraction in deals to 3,060.
The realty sector’s trade volume soared 24% to 14.48mn equities and value by 4% to QR23.04mn; while transactions shrank 26% to 741.
However, there was 46% plunge in the telecom sector’s trade volume to 2.74mn stocks, 36% in value to QR9.44mn and 25% in deals to 403.
The transport sector’s trade volume plummeted 41% to 2.01mn shares, value by 36% to QR9.48mn and transactions by 66% to 168.
The banks and financial services sector saw 20% shrinkage in trade volume to 21.93mn equities, 55% in value to QR90.93mn and 42% in deals to 2,311.
