The Qatar Stock Exchange on Sunday opened the week weak despite strong buying interests in real estate, telecom and consumer goods sectors.
The 20-stock Qatar Index fell for the second straight session by 0.19% to 9,224.74 points as there was weakened net buying from foreign and Gulf funds.
Masraf Al Rayan and Doha Bank sponsored exchange traded funds QATR and QETF saw 3.43% and 0.42% declines respectively.
Islamic stocks were, however, seen gaining amidst an overall bearish market, which is up 8.23% year-to-date.
Profit-booking within micro and small caps led to a 0.04% dip in market capitalisation to QR511.32bn.
Trade turnover and volume were on the decline in the market, where the banking and industrials sectors together accounted for more than 53% of the total volume.
The Total Return Index shed 0.19% to 16,252.96 points, while the All Share Index gained 0.06% to 2,708.97 points and the Al Rayan Islamic Index (Price) by 0.21% to 2,241.04 points.
The banks and financial services index shrank 0.57%, followed by insurance (0.57%) and transport (0.39%); while realty gained 1.84%, consumer goods 1.38%, telecom 0.91%) and industrials (0.01%).
Major losers included Commercial Bank, Milaha, Masraf Al Rayan, Alijarah Holding, Qatari German Company for Medical Devices, Qatari Investors Group, Qatar Insurance, QNB and Mazaya Qatar; whereas Ezdan, Ooredoo, Gulf Warehousing, Dlala and Mannai Corporation were among the gainers.
Non-Qatari institutions’ net buying declined considerably to QR42.97mn compared to QR90.23mn on June 10.
Gulf institutions’ net buying weakened significantly to QR3.92mn against QR19.84mn the previous trading day.
Gulf individual investors turned net sellers to the tune of QR0.22mn compared with net buyers of QR0.04mn last Thursday.
However, local individual investors’ net selling fell substantially to QR18.08mn against QR62.41mn on June 10.
Domestic institutions’ net profit-booking shrank sizably to QR25.51mn compared to QR40.03mn the previous trading day.
Non-Qatari individual investors’ net selling fell perceptibly to QR3.08mn against QR7.72mn last Thursday.
Total trade volume fell 50% to 4.93mn shares, value by 45% to QR239.11mn and transactions by 40% to 3,130.
The transport sector’s trade volume plummeted 82% to 0.27mn equities, value by 82% to QR4.55mn and deals by 67% to 197.
The insurance sector reported a 67% plunge in trade volume to 0.16mn stocks, 66% in value to QR6.45mn and 62% in transactions to 109.
The banks and financial services sector’s trade volume tanked 58% to 1.71mn shares, value by 50% to QR126.32mn and deals by 30% to 1,437.
The industrials sector saw a 46% shrinkage in trade volume to 0.92mn equities, 58% in value to QR26.7mn and 48% in transactions to 487.
The consumer goods sector’s trade volume declined 33% to 0.41mn stocks, whereas value grew 30% to QR44.54mn despite 21% lower deals at 389.
There was a 20% fall in the real estate sector’s trade volume to 0.68mn shares, 35% in value to QR8.47mn and 36% in transactions to 264.
However, the telecom sector’s trade volume expanded 15% to 0.77mn equities, while value dipped 22% to QR22.07mn and deals by 46% to 247.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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