Local retail investors and the Gulf funds continued to be net buyers but with lesser intensity in the Qatar Stock Exchange, which Tuesday lost 33 points to settle below 10,200 levels.
The insurance and real estate counters witnessed higher than average selling pressure as the 20-stock Qatar Index declined 0.32% to 10,194.08 points, having touched an intraday high of 10.248 points.
The foreign individuals were seen net profit takers in the bourse, whose year-to-date losses widened to 2.32%.
More than 57% of the traded constituents were in the red in the market, whose capitalisation saw more than QR1bn or 0.17% decline to QR591.68bn, mainly owing to mid and microcap segments.
The Islamic index was seen declining slower than the main barometer in the bourse, where foreign institutions continued to be net profit takers but with lesser intensity.
Trade turnover and volumes were on the decline in the market, where the industrials and banking sectors together accounted for about 63% of the trading volume.
A total of 37,500 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR334,216 changed hands across six deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index shrank 0.32% to 20,152.21 points, Al Rayan Islamic Index (Price) by 0.26% to 2,373.95 points and All Share Index by 0.19% to 3,237.28 points.
The insurance index tanked 0.81%, real estate (0.35%), banks and financial services (28%), industrials (0.27%), telecom (0.05%) and consumer goods and services (0.03%); while transport shot up 1.02%.
Major losers included Doha Insurance, Qatar Oman Investment, Medicare Group, Dlala, QIIB, Inma Holding, Baladna, Industries Qatar, QLM, Qatar Insurance, Nakilat and United Development Company; even as Milaha, Aamal Company, Qatari Investors Group, Mesaieed Petrochemical Holding, Al Khaleej Takaful and Zad Holding were among the gainers.
The foreign individuals were net sellers to the tune of QR4.8mn.
The Arab individuals turned net profit takers to the extent of QR0.76mn against net buyers of QR5.15mn on Monday.
The Gulf individuals’ net selling increased perceptibly to QR1.98mn compared to QR0.79mn on March 22.
The domestic funds were net sellers to the tune of QR0.27mn against net buyers of QR2.6mn the previous day.
Local retail investors’ net buying declined noticeably to QR6.86mn compared to QR10.03mn on Monday.
The Gulf institutions’ net buying weakened markedly to QR3.28mn against QR6.91mn on March 22.
However, the foreign funds turned net selling eased substantially to QR2.32mn compared to QR23.89mn the previous day.
The Arab funds continued to have no major net exposure.
Total trade volume rose 7% to 187.4mn shares, value by 13% to QR381.07mn and transactions by 9% to 9,545.
The market witnessed 46% plunge in the consumer goods and services sector’s trade volume to 25.85mn equities, 51% in value to QR48.98mn and 42% in deals to 1,153.
The telecom sector’s trade volume plummeted 44% to 5.15mn stocks, value by 28% to QR15.9mn and transactions by 9% to 728.
There was 22% shrinkage in the real estate sector’s trade volume to 15.79mn shares, 28% in value to QR22.94mn and 14% in deals to 726.
The insurance sector’s trade volume shrank 7% to 16.03mn equities; while value grew 5% to QR48.52mn and transactions by 15% to 886.
The market witnessed 5% dip in the industrials sector’s trade volume to 67.21mn stocks but on 5% jump in value to QR95.1mn and 14% in deals to 2,702.
However, the transport sector’s trade volume more than doubled to 6.55mn shares and value also more than doubled to QR29.96mn on more than doubled transactions to 1,030.
The banks and financial services sector saw 52% surge in trade volume to 50.83n equities but on 13% contraction in value to QR119.65mn and 28% in deals to 2,320.