Tags
More than 68% of the stocks extended gains yet Qatar Stock Exchange fell 16 points, thus failing to break the 10,000 psychological levels, ahead of Eid holidays that will start from Wednesday.
Stronger selling pressure from domestic institutions and substantially lower buying interests of their foreign counterparts led the 20-stock Qatar Index fall 0.16% to 9,964.26 points on lower trading turnover and volumes.
The market will resume trading on July 11, said a communiqué from the bourse.
Profit booking in the insurance and realty counters largely instilled a bearish momentum to the market, which is down 4.46% year-to-date.
However, local and Gulf retail investors turned bullish in the bourse, where banking, real estate and industrials stocks constituted more than 66% of the total trading volume.
Market capitalisation was up 0.14% or QR74mn to QR537.55bn.
The Total Return Index shed 0.16% to 16,121.51 points, whereas All Share Index rose 0.1% to 2,775.1 points and Al Rayan Islamic Index by 0.12% to 3,866 points.
Insurance and realty stocks shrank 1.11% and 0.47% respectively; while transport gained 0.49%, banks and financial services (0.42%), telecom (0.31%), industrials (0.25%) and consumer goods (0.08%).
Major losers included Industries Qatar, Gulf International Services, Ezdan, Qatar Insurance, Nakilat and Commercial Bank; but QNB, Qatar Islamic Bank, Alijarah Holding, Dlala, Qatari Investors Group, Qatar Electricity and Water, Mannai Corporation, Mazaya Qatar, Ooredoo and Vodafone Qatar bucked the trend.
Domestic institutions’ net selling increased perceptibly to QR17.18mn compared to QR6.83mn on July 4.
Non-Qatari institutions’ net buying weakened considerably to QR3.42mn against QR12.07mn the previous day.
The GCC (Gulf Cooperation Council) institutions’ net buying fell to QR0.52mn compared to QR3.08mn on Monday.
Non-Qatari individual investors turned net sellers to the tune of QR0.97mn against net buyers of QR0.29mn on July 4.
However, local retail investors turned net buyers to the extent of QR13.74mn compared with net sellers of QR7.84mn the previous day.
The GCC retail investors were also net buyers to the tune of QR0.45mn against net profit takers of QR0.76mn on Monday.
Total trade volume fell 18% to 1.91mn shares, value by 6% to QR100.29mn and deals by 12% to 1,547.
The consumer goods sector reported 43% plunge in trade volume to 0.23mn equities, 52% in value to QR13.46mn and 35% in transactions to 209.
The insurance sector’s trade volume plummeted 33% to 0.02mn stocks, value by 32% to QR1.38mn and deals by 29% to 36.
The banks and financial services sector saw 30% shrinkage in trade volume to 0.52mn shares, 32% in value to QR26.6mn and 7% in transactions to 466.
The real estate sector’s trade volume tanked 22% to 0.45mn equities, value by 38% to QR9.57mn and deals by 25% to 269.
There was 12% decline in the telecom sector’s trade volume to 0.15mn stocks and 25% in value to QR2.67mn and but on unchanged transactions at 103.
However, the transport sector’s trade volume doubled to 0.24mn shares and value more than doubled to QR12.67mn but on 20% fall in deals to 115.
The market witnessed 3% expansion in the industrials sector’s trade volume to 0.3mn equities to more than double value to QR33.94mn on 21% increase in transactions to 349.
In the debt market, there was no trading of treasury bills and government bonds.
There are no comments.
SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
