11/05/2015 01:14 AST
The Qatar Stock Exchange largely remained flat on Sunday despite selling pressure in the Islamic stocks.
Gulf Co-operation Council (GCC) retail investors turned marginally bullish and non-Qatari individual investors’ net buying strengthened as the 20-stock Qatar Index settled a mere 0.03% higher at 12,285.45 amid a decline in overall trade volumes.
Mid-cap equities witnessed some sporadic buying support in the bourse, which is flat year-to-date.
However, local retail investors’ net buying weakened and foreign institutions turned bearish in the market as trading was skewed towards consumer goods, banking and realty stocks, which together accounted for more than three-fourth of the overall volume.
Market capitalisation was down 0.04%, or QR25mn, to QR660.26bn with small, micro and large-cap stocks losing 0.21%, 0.09% and 0.02% respectively. Mid caps rose 0.09%.
The Total Return Index was up 0.03% to 19,092.23 points, while the All Share Index fell 0.02% to 3,283.41 points and the Al Rayan Islamic Index by 0.36% to 4,700.23 points.
Telecom stocks were seen gaining 0.46%, followed by realty (0.05%) and insurance (0.02%), whereas transport fell 0.37%, followed by banks and financial services (0.07%) and consumer goods (0.02%). The industrials stocks were unchanged.
Major gainers included Qatari Investors Group, Alijarah Holding, Qatar Electricity and Water, Zad Holding, Ezdan, Vodafone Qatar, Ooredoo and Qatari German Company for Medical Devices.
However, Commercial Bank, Masraf Al Rayan, Al Khaliji, Industries Qatar, United Development Company, Barwa and Gulf Warehousing bucked the trend.
GCC individual investors turned net buyers to the tune of QR3.52mn against net sellers of QR5.22mn the previous day.
Non-Qatari individual investors’ net buying strengthened to QR8.86mn compared to QR0.28mn last Thursday.
Domestic institutions’ net profit-booking plunged to QR10.5mn against QR33.11mn on Thursday.
However, non-Qatari institutions turned net sellers to the extent of QR11.47mn compared with net buyers of QR4.89mn the previous day.
GCC institutions’ net selling strengthened to QR13.59mn against QR11.91mn last Thursday.
Local retail investors’ net buying weakened to QR23.17mn compared to QR45.11mn on Thursday.
Total trade volume fell 35% to 7.19mn shares, value by 45% to QR255.42mn and transactions by 38% to 3,945.
The insurance sector’s trade volume plummeted 67% to 0.05mn equities, value by 85% to QR1.48mn and deals by 61% to 48.
There was a 62% plunge in the telecom sector’s trade to 0.5mn stocks, 52% in value to QR12.12mn and 40% in transactions to 239.
The real estate sector’s trade volume tanked 54% to 1.92mn shares, value by 60% to QR51.7mn and deals by 54% to 613.
The banks and financial services sector reported a 29% shrinkage in trade volume to 1.52mn equities, 50% in value to QR70.29mn and 50% in transactions to 1,067.
The industrials sector’s trade volume declined 28% to 0.94mn stocks, value by 39% to QR59.32mn and deals by 26% to 970.
The market witnessed a 24% fall in the transport sector’s trade volume to 0.28mn shares, 3% in value to QR14.43mn and 20% in transactions to 155.
However, the consumer goods sector’s trade volume gained 20% to 1.98mn equities and value by 5% to QR46.08mn but on a 4% dip in deals to 853.
In the debt market, there was no trading of treasury bills and government bonds.
Gulf Times
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