The Qatar Stock Exchange on Tuesday treaded a flat course to stay below 10,500 levels, despite buying interests in the telecom and consumer goods sectors.
Foreign institutions were seen bullish and there was weakening of net selling by their domestic counterparts; even as the 20-stock Qatar Index stood flat at 10,480.69 points, although it touched an intraday high of 10,518 points.
The domestic funds had seen bearish pressure and there was increased net profit booking by the Arab individuals in the market, whose year-to-date gains were at 0.53%.
Trade turnover gained amidst almost flat volumes in the bourse, where the banking and industrials sectors together accounted for about 52% of the total trading volume.
More than 54% of the traded constituents were in the red in the market, where the Islamic stocks were seen declining faster than the other indices.
Market capitalisation saw more than QR1bn or 0.2% decrease to QR605.76bn, mainly on microcap segments.
A total of 16,059 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank-sponsored QETF) valued at QR77,994 changed hands across three deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index was down 0.01% to 20,148.77 points, All Share Index by 0.12% to 3,214.13 points and Al Rayan Islamic Index (Price) by 0.12% to 2,397.07 points.
The insurance index declined 1.3%, banks and financial services (0.15%), realty (0.12%) and industrials (0.08%); whereas telecom gained 0.56% and consumer goods and services 0.09%. The transport index was unchanged.
Major losers included Aamal Company, Qatar Insurance, Alijarah Holding, Baladna, Qatari Investors Group, Qatar First Bank, Dlala, Qatari German Medical Devices, Salam International Investment, Qatar National Cement, Gulf International Services, Qamco, Ezdan and Gulf Warehousing; while Inma Holding, Commercial Bank, Widam Food, QIIB, Ooredoo, Doha Bank, Industries Qatar and Al Meera were among the gainers.
The domestic funds turned net sellers to the tune of QR20.18mn against net buyers of QR8.54mn the previous day.
The Arab individuals’ net selling increased notably to QR7.47mn compared to QR2.22mn on December 14.
The foreign individuals were net sellers to the extent of QR1.1mn against net buyers of QR0.97mn on Monday.
The Gulf institutions’ net buying eased marginally to QR15.03mn compared to QR15.33mn the previous day.
However, the foreign funds turned net buyers to the tune of QR19.56mn against net sellers of QR11.74mn on December 14.
The Gulf individuals’ net buying grew perceptibly to QR1.59mn compared to QR0.08mn on Monday.
The Arab institutions’ net buying strengthened marginally to QR0.58mn against QR0.25mn the previous day.
The local individuals’ net profit booking fell markedly to QR8.09mn compared to QR11.19mn on December 14.
Total trade volumes were up less than 1% to 141.88mn shares and value by 5% to QR408.43mn, while transactions fell 6% to 9,505.
The market witnessed 44% surge in the industrials sector’s trade volume to 36.84mn equities, 2% in value to QR54.71mn and 18% in deals to 1,611.
The telecom sector’s trade volume soared 29% to 9.32mn stocks, value by 27% to QR46.66mn and transactions by 56% to 1,447.
The insurance sector’s trade volume shot up 16% to 4.09mn shares, value by 65% to QR12.32mn and deals by 30% to 209.
The banks and financial services sector saw 14% expansion in trade volume to 51.69mn equities and 26% in value to QR210.59mn but on 9% shrinkage in transactions to 3,608.
The consumer goods and services sector’s trade volume grew 3% to 16.14mn stocks, whereas value shrank 19% to QR30.34mn despite 15% higher deals at 1,035.
There was 1% jump in the transport sector’s trade volume to 5.98mn shares, 18% in value to QR23.53mn and 5% in transactions to 729.
However, the real estate sector’s trade volume plunged 54% to 17.82mn equities, value by 56% to QR30.27n and deals by 58% to 866.