The Islamic equities on Wednesday made gains in the Qatar Stock Exchange, which otherwise continued to remain under bearish spell for the sixth consecutive day.
The buying interests in the insurance, consumer goods and telecom counters notwithstanding, the 20-stock Qatar Index settled six points or 0.05% lower at 11,790.01 points, having touched an intraday high of 11,320 points.
The Arab individuals were seen net buyers in an otherwise lull market, whose year-to-date gains were at 12.97%.
More than 53% of the traded constituents were in the red in the bourse, which saw four of the seven sectors under bearish spell.
The foreign institutions were increasingly net profit takers in the market, whose capitalisation saw QR55mn or 0.08% dip to QR680.13bn, mainly on microcap segments.
The Gulf retail investors turned net sellers in the bourse, where the industrials and banking sectors together constituted about 69% of the total trading volume.
The overall trade turnover and volumes were on the decline in the main market, where the local retail investors were increasingly bearish.
The Gulf funds were seen net buyers in the market, which saw a total of 105,840 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR1.16mn trade across 14 deals.
The Total Return Index declined 0.05% to 23,339.04 points and All Share Index by 0.05% to 3,734.87 points, while Al Rayan Islamic Index (Price) was up 0.05% to 2,618.83 points.
The real estate sector index shrank 0.2%, industrials (0.2%), transport (0.14%) and banks and financial services (0.14%); while insurance gained 0.42%, consumer goods and services (0.32%) and telecom (0.19%).
Major losers in the main market included Mannai Corporation, Al Khaleej Takaful, Doha Insurance, Qatari German Medical Devices, Inma Holding, Industries Qatar, Mazaya Qatar and United Development Company. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares depreciate in value.
Nevertheless, Qatar General Insurance and Reinsurance, Gulf International Services, Aamal Company, Doha Bank, Widam Food, Medicare Group, Woqod, Widam Food and Ooredoo were among the gainers in the main market.
The foreign funds’ net selling increased considerably to QR18.83mn compared to QR9.36mn on November 23.
The local retail investors’ net selling rose perceptibly to QR10.87mn against QR8.59mn the previous day.
The Gulf individuals turned net sellers to the tune of QR0.54mn compared with net buyers of QR0.4mn on Tuesday.
The domestic funds’ net buying declined noticeably to QR17.33mn against QR19.21mn on November 23.
The foreign individuals’ net buying eased markedly to QR0.08mn compared to QR1.12mn the previous day.
However, the Arab individuals’ net buying strengthened notably to QR7.29mn against QR2.82mn on Tuesday.
The Gulf institutions were net buyers to the extent of QR5.52mn compared with net sellers of QR5.59mn on November 23.
The Arab institutions were net buyers to the tune of QR0.03mn against no major net exposure for the previous six sessions.
Total trade volume in the main market fell 20% to 96.02mn shares and value by 6% to QR292.96mn, while transactions were up 3% to 7,536.
The consumer goods and services sector’s trade volume plummeted 60% to 13.74mn equities, value by 50% to QR22.95mn and deals by 29% to 656.
There was 48% plunge in the insurance sector’s trade volume to 0.57mn stocks and 26% in value to QR2.26mn but on 45% increase in transactions to 93.
The real estate sector’s trade volume tanked 13% to 8.55mn shares, value by 10% to QR12.75mn and deals by 6% to 407.
The industrials sector reported 11% shrinkage in trade volume to 37.4mn equities, 6% in value to QR81.49mn and 3% in transactions to 1,953.
The banks and financial services sector’s trade volume was down 3% to 28.68mn stocks, value by 5% to QR143.32mn and deals by 7% to 3,297.
However, the transport sector’s trade volume more than doubled to 4.63mn shares and value also more than doubled to QR19.05mn on almost tripled transactions to 388.
The telecom sector’s trade volume more than doubled to 2.45mn equities and value almost quadrupled to QR11.14mn on more than tripled deals to 742.
In the venture market, volume, value and transactions were seen expanding 74.57%, 50.74% and 14.55% respectively.