The Qatar Exchange was back in the negative territory yesterday mainly on foreign institutions’ profit-booking pressure.
Despite local retail and institutions’ buying support, the QE Index (based on price data) was down 0.12% to 8,197.09 points.
The market is, however, down 6.63% year-to-date.
The All Share Index (comprising wider constituents) and the Total Return Index also fell 0.18% and 0.12% to 1,978.72 and 11,093.63 points respectively. Both the indices factored in dividend income as well.
About 60% of the stocks were in the red with major losers being Commercialbank, Qatar Islamic Bank, Qatari Investors Group, Mazaya Qatar, Barwa and Gulf Warehousing; even as Dlala, Industries Qatar, Vodafone Qatar and Milaha bucked the trend.
Under the All Share Index category, the index of real estate fell 0.55%, followed by banks and financial services (0.29%), insurance (0.18%), telecom (0.08%), consumer goods (0.04%) and industrials (0.01%); while that of transport rose 0.30%.
Market capitalisation was down 0.09% or QR42mn to QR450.31bn mainly on mid and small cap equities, which lost 0.43% each.
Of the 42 stocks, only 11 gained, while 25 declined, one was unchanged and five were not traded.
Foreign institutions turned profit-takers as they were net sellers to the tune of 11.16% compared with net buyers of 2.98% the previous day. Their net selling amounted to QR12.33mn.
A lower 16.25% of them were into buying against 27.77% on Sunday, whereas a higher 27.41% of them into selling compared to 24.79%.
However, domestic institutions turned bullish as they were net buyers to the extent of 7.01% against net sellers of 4.20% the previous day. Their net buying was worth QR7.74mn.
A higher 19.13% of them bought equities compared to 13.96% on Sunday while a lower 12.12% offloaded against 18.16%.
Qatari individual investors were increasingly bullish as their net buying surged to 3.34% from 0.30% the previous day. Their net buying amounted to QR3.69mn.
A higher 43.43% of them purchased equities compared to 40.91% on Sunday, whereas a marginally lower 40.09% sold against 40.61%.
Non-Qatari retail investors continued to be bullish, but with lesser intensity, as their net buying fell to 0.81% from 0.91% the previous day. Their net buying was QR0.89mn.
A higher 21.19% of them were into buying against 17.36% on Sunday and a higher 20.38% were into offloading against 16.45%.
Total trading volume shrank 15% to 3.90mn equities, value by 24% to QR110.41mn and deals by 5% to 2,426.
The real estate sector’s trading volume plummeted 72% to 0.35mn shares, value by 69% to QR5.60mn and transactions by 51% to 195.
The consumer goods and services sector’s trading volume plunged 45% to 0.18mn shares, value by 60% to QR3.78mn and deals by 44% to 154.
The industrials sector’s trading volume tanked 23% to 0.33mn shares, value by 34% to QR21.72mn and transactions by 6% to 408.
The insurance sector’s trading volume declined 17% to 0.05mn shares and value by 12% to QR2.28mn while deals gained 29% to 54.
However, the telecom sector’s trading volume surged 64% to 0.95mn shares, value by 11% to QR15.10mn and transactions by 31% to 371.
The transport sector’s trading volume soared 30% to 0.35mn shares and value by 39% to QR8.77mn but deals were down 1% to 220.
The banks and financial services sector’s trading volume was up 1% to 1.69mn shares, whereas value fell 16% to QR53.17mn but transactions gained 5% to 1,024.
Actively traded stocks (in terms of volume) were Vodafone Qatar (886,562 shares); Qatar Oman Investment (849,287); Masraf Al Rayan (274,344); Mazaya Qatar (257,927) and Nakilat (265,600).
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