The telecom, transport, consumer goods and banking sectors experienced higher than average.net selling as the 20-stock Qatar Index shed 0.32% to 9,677.17 points on Monday
The telecom, transport, consumer goods and banking sectors experienced higher than average.net selling as the 20-stock Qatar Index shed 0.32% to 9,677.17 points, although it touched an intraday high of 9,725 points.
The Arab individual investors turned net sellers in the main market, whose year-to-date losses widened to 10.65%.
The Gulf retail investors were seen increasingly bearish in the main bourse, whose capitalisation lost QR2.23bn or 0.4% to QR559.65bn on account of small cap segments.
About 57% of traded constituents were in the red in the main market, which saw as many as 3,110 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.01mn trade across five deals.
The domestic institutions’ weakened net buying had its influence in the main bourse, which saw no trading of sovereign bonds.
However, the local retail investors turned bullish in the main market, which saw no trading of treasury bills.
The Islamic index was seen declining slower than the other indices in the main bourse, whose trade turnover volumes were on the rise.
The Total Return Index shed 0.32%, the All Share Index fell 0.35% and the All Islamic Index by 0.09% in the main market.
The telecom sector index tanked 1.38%, transport (0.76%), consumer goods and services (0.68%), banks and financial services (0.4%) and real estate (0.27%); while insurance gained 0.38% and industrials 0.1%.
Major losers in the main market included Inma Holding, Meeza, Salam International Investment, Mekdam Holding, Ooredoo, QNB, Woqod, Qatari Investors Group, Milaha and Gulf Warehousing.
Nevertheless, Qatar German Medical Devices, QLM, Mesaieed Petrochemical Holding, Doha Insurance, Qamco, QIIB and Widam Food were among the gainers in the main bourse. In the venture market, Al Mahhar Holding saw its shares appreciate in value.
The foreign institutions turned net sellers to the tune of QR27.64mn compared with net buyers of QR4.51mn on May 19.
The Arab individual investors were net sellers to the extent of QR2.46mn against net buyers of QR4.93mn on Sunday.
The Gulf individuals’ net profit booking grew marginally to QR0.55mn compared to QR0.34mn the previous day.
The domestic institutions’ net buying weakened perceptibly to QR11.79mn against QR13.1mn on May 19.
The foreign individuals’ net buying declined markedly to QR1.53mn compared to QR4.51mn on Sunday.
However, Qatari individuals turned net buyers to the tune of QR16.01mn against net sellers of QR13.56mn the previous day.
The Gulf funds were net buyers to the extent of QR1.32mn compared with net profit takers of QR13.61mn May 19.
The Arab institutions had no major net exposure against net buyers to the tune of QR0.13mn on Sunday.
Trade volumes in the main market soared 41% to 205.09mn shares, value by 45% to QR520.27mn and transactions by 45% to 17,928.
The venture market saw a 13% jump in trade volumes to 0.17mn equities, 16% in value to QR0.29mn and 28% in deals to 32.
