High demand for the Islamic stocks notwithstanding, the Qatar Stock Exchange on Monday treaded almost a flat course.
Four of the seven sectors were seen experiencing buying interests; yet the 20-stock Qatar Index settled flat at 9,639.61 points, although it touched an intraday low of 9,588 points.
The domestic institutions were net profit takers on the bourse, whose year-to-date losses were at 7.54%.
Nevertheless, there was increased net buying by foreign funds and weakened net selling by local retail investors on the market, which had decliners more than gainers.
Market capitalisation saw QR89mn or 0.16% jump to QR559.72bn, mainly owing to microcap segments.
A total of 27,274 exchange traded funds (both Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued together at QR241,500 changed hands across four deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
Trade turnover and volumes were on the increase on the bourse, where the industrials, consumer goods and realty sectors together accounted for more than 77% of the total trading volume.
The Total Return Index was almost flat at 18,531.83 points and All Share Index also flat at 2,983.71 points; while Al Rayan Islamic Index (Price) rose 0.32% to 2,205.15 points.
The banks and financial services index shrank 0.42%, insurance (0.37%) and transport (0.33%); while telecom gained 1.17%, industrials (1.01%), real estate (0.94%) and consumer goods and services (0.05%).
Major losers included Doha Bank, Qatar Industrial Manufacturing, Inma Holding, Al Khaliji, Vodafone Qatar, Barwa and Nakilat; even as Mazaya Qatar, Qamco, Salam International Investment, Investment Holding, Qatar Oman Investment, Ahlibank Qatar, Qatari German Medical Devices, Widam Foods, Industries Qatar, Mesaieed Petrochemical Holding and United Development Company were among the gainers.
Domestic funds turned net sellers to the tune of QR4.66mn compared with net buyers of QR30.48mn on November 1.
However, foreign institutions’ net buying increased considerably to QR16.25mn against QR12.23mn on Sunday.
Local individuals’ net selling decline substantially to QR7.6mn compared to QR28.79mn the previous day.
Foreign individuals’ net selling also eased markedly to QR1.49mn against QR4.7mn on November 1.
The Gulf institutions’ net profit booking weakened noticeably to QR1.39mn compared to QR4.76mn on Sunday.
The Arab individuals’ net selling decreased noticeably to QR0.58mn against QR2.4mn the previous day.
The Gulf individuals’ net selling shrank perceptibly to QR0.58mn compared to QR1.97mn on November 1.
The Arab funds had no major exposure against net profit takers to the extent of QR0.13mn on Sunday.
Total trade volumes rose 2% to 210.28mn shares, value by 5% to QR323.61mn and transactions by 20% to 8,730.
The telecom sector reported 30% surge in trade volume to 3.12mn equities and 8% in value to QR11.73mn on doubled deals to 473.
The transport sector’s trade volume soared 22% to 4.94mn stocks, value by 28% to QR16.7mn and transactions by 12% to 575.
The market witnessed 11% expansion in the industrials sector’s trade volume to 72.26mn shares but on 1% drop in value to QR66.24mn despite 10% higher deals at 1,869.
The consumer goods and services sector’s trade volume shot up 7% to 47.35mn equities, 2% in value to QR44.56mn and 8% in transactions to 1,239.
However, there was 43% plunge in the insurance sector’s trade volume to 4.89mn stocks, 35% in value to QR8.7mn and 24% in deals to 204.
The banks and financial services sector’s trade volume tanked 11% to 34.75mn shares, whereas value grew 21% to Q122.12mn and transactions by 45% to 2,965.
The real estate sector saw less than 1% dip in trade volume to 42.95mn equities and 7% in value to QR53.56mn but on 3% increase in deals to 1,405.