Yesterday, national institutions and individuals in the Gulf became net buyers on the Qatar Stock Exchange, which otherwise ended in decline.
Foreign institutions continued to be net buyers, but with less intensity, as the Qatar 20-stock index fell 28 points or 0.26% to 10,799.85 points, after hitting an intraday high of 10,829 points.
Insurance, industrials, real estate and banking windows saw above-average selling pressure in the market, with cumulative gains weakening to 3.49%.
Over 74% of constituents traded were in the red on the exchange, whose market cap saw more than QR 2 billion or 0.49% decline to QR 625.06 million, mainly due to the small and micro-capitalization segments. .
Net sales by foreign individuals weakened in the market, with the industrial and consumer goods and services sectors together accounting for around 67% of total trade volume.
Turnover and overall trading volumes were down on the exchange, where Islamic stocks fell faster than other indexes.
Local retail investors were increasingly net profit-takers in the market, which saw a total of 14,151 exchange-traded funds (QATR sponsored by Masraf Al Rayan and QETF sponsored by Bank of Doha) valued at 35 226 QR on six transactions; while in the debt market there was no trading of sovereign bonds and treasury bills.
The Total Return Index fell 0.26% to 21,378.95 points, the All Share Index 0.35% to 3,421.56 points and the Al Rayan Islamic Index (price) 0.3 % at 2,476.37 points.
The insurance index fell by 0.5%, manufacturers (0.49%), real estate (0.46%), banks and financial services (0.36%), consumer goods and services (0.14%), and telecoms (0.13%); while transport increased by 0.04%.
The main losers are QNB, Qatar National Cement, Ezdan, Qatari Investors Group, Baladna, Qatar Cinema and Film, Qatar General Insurance and Reinsurance, Doha Insurance, Mannai Corporation, Dlala, Doha Bank and Qatar Oman Investment; although Investment Holding Group, QLM, Qatari German Medical Devices, Qatar Islamic Insurance and Salam International Investment were among the winners.
Net profit bookings from Qatari individuals increased significantly to reach QR 9.18 million from QR 0.81 million on July 4.
The Gulf institutions transformed net sellers up to 1.17 mn QR against net buyers of 5.1 mn QR the day before.
Arab individuals were net sellers of QR 0.66 million against net buyers of QR 0.04 million on Sunday.
Net purchases by foreign institutions fell sharply to QR 10.13 million from QR 29.73 million on July 4.
However, domestic funds were net buyers of QR 4.94 million versus net sellers of QR 27.24 million the day before.
Gulf individuals became net buyers at QR 0.65 million against net sellers of QR 0.19 million on Sunday.
Net profit bookings from foreign individuals fell significantly to QR 4.7 million from QR 6.63 million on July 4.
Arab institutions continued to have no major net exposure for the fourth consecutive session.
Total trading volume fell 27% to 118.15 million shares, value 17% to QR 269.21 million, and trades 10% to 5,993.
Real estate trading volume fell 63% to 17.64 million shares, value 59% to QR24.62 million, and transactions 55% to 677.
The transportation sector saw a 55% drop in trading volume to 2.07 million shares, 57% in value to QR 7 million and an 11% drop in transactions to 236.
The insurance sector’s trade volume fell 31% to 1.51 million shares, its value 24% to QR 6.37 million, and trades fell 15% to 205.
There was a 26% contraction in the volume of trade in the industrial sector to 45.49 million shares, 39% in value to 73.97 million QR and 2% in transactions to 1,767.
The telecommunications sector’s trade volume decreased by 21% to 2.16 million shares, the value by 16% to QR8.21 million, and transactions by 20% to 394.
The banking and financial services sector saw an 8% contraction in trading volume to 15.87 million shares, but a 65% increase in value to QR 92.49 million and 28% of trades at 1 341.
However, the volume of trade in the consumer goods and services sector climbed 8% to 33.41 million shares, 9% to QR56.55 million and transactions by 4% to 1,373.