13/05/2015 01:43 AST
Lower net buying interests from domestic and foreign institutions on Tuesday led the Qatar Stock Exchange’s to decline after remaining flat since the beginning of this week.
Industrials, telecom and real estate counters came under profit-booking pressures as the 20-stock Qatar Index settled 0.24% lower at 12,250.21, even as trade volumes also fell.
Large and small cap equities were seen melting in the bourse, which is down 0.29% year-to-date.
Trading was skewed towards banking and real estate stocks, which together accounted for more than 67% of the overall volume.
Market capitalisation was down 0.17%, or more than QR1bn, to QR658.85bn with large and small cap stocks losing 0.28% and 0.18%; even as micro and mid caps gained 0.35% and 0.28% respectively.
The Total Return Index shrank 0.24% to 19,037.46 points, the All Share Index by 0.17% to 3,277.25 points and the Al Rayan Islamic Index by 0.31% to 4,687.38 points.
Industrials stocks tanked 0.57%, followed by telecom (0.52%), realty (0.33%) and insurance (0.01%); whereas transport rose 0.15% and banks and financial services (0.08%). The consumer goods stocks were largely unchanged.
Major losers included Industries Qatar, Qatar Islamic Bank, Masraf Al Rayan, Aamal Company, Gulf International Services, Ezdan, United Development Company, Mazaya Qatar, Vodafone Qatar, Ooredoo, Nakilat and Alijarah Holding. But Doha Bank, Barwa, Milaha and Qatari German Company for Medical Devices bucked the trend.
Domestic institutions’ net buying weakened to QR1.47mn against QR5.81mn the previous day.
Non-Qatari institutions’ net buying plunged to QR14.66mn compared to QR55.24mn on Monday.
Non-Qatari individual investors turned net sellers to the tune of QR8.77mn against net buyers of QR6.26mn on May 11.
Local retail investors’ net selling plummeted to QR2.52mn compared to QR54.49mn the previous day.
Gulf Cooperation Council (GCC) institutions’ net profit-booking weakened to QR4.34mn against QR12.22mn on Monday.
GCC individual investors’ net selling fell to QR0.5mn compared to QR0.55mn on May 11.
Total trade volume fell 35% to 7.02mn shares, value by 41% to QR293.16mn and transactions by 39% to 3,906.
There was a 71% plunge in the telecom sector’s trade volume to 0.34mn equities, 79% in value to QR7.61mn and 82% in deals to 231.
The transport sector’s trade volume plummeted 45% to 0.21mn stocks, value by 42% to QR10.7mn and transactions by 41% to 148.
The market witnessed a 33% shrinkage in the industrials sector’s trade volume to 0.62mn shares, 44% in value to QR46.25mn and 24% in deals to 779.
The banks and financial services sector saw its trade volume decline 32% to 3.45mn equities, value by 48% to QR134.54mn and transactions by 29% to 1,479.
There was a 32% fall in the real estate sector’s trade volume to 1.28mn stocks, 35% in value to QR40.3mn and 42% in deals to 592.
The consumer goods sector’s trade volume was down 15% to 0.99mn shares but value rose 36% to QR44.61mn, even as transactions fell 7% to 595.
However, the insurance sector’s trade volume gained 8% to 0.14mn equities; while value tanked 12% to QR9.15mn and deals by 42% to 82.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
Please wait...
