11 April 2013
The bearish spell on Qatar Exchange extended for the fifth consecutive day yesterday mainly on profit booking pressure from local retail investors. Transport and industrial sectors witnessed larger selling pressure as the 20-stock QE Index (based on price data) settled 0.35% lower at 8,481.20 points. Mid and large cap equities were the prime shakers in the market, which is, however, up 1.46% year-to-date (YTD). A half of the stocks were in the red with major losers being Industries Qatar, Gulf International Services, Barwa, QNB and Milaha. The 20-stock Total Return Index also fell 0.35% to 12,113.54 points, All Share Index (comprising wider constituents) by 0.36% to 2,158.25 points and Al Rayan Islamic Index by 0.16% to 2,569.91 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the transport index shrank 0.72%, industrials 0.69%, banks and financial services 0.31%, insurance 0.23% and consumer goods 0.09%; while that of telecom rose 0.34% and realty 0.09%. Industrials, consumer goods, telecom, transport and banking sectors outperformed the key indices with them gaining YTD 13.97%, 13.2%, 12.39%, 7.06% and 3.35% respectively; even as realty and insurance indices shrank 3.26% and 0.17%. Market capitalisation fell 0.39% or about QR2bn to QR468.37bn with mid and large cap equities notably melting 0.64% and 0.35% respectively; while micro caps gained 0.14%. Mid and large cap equities reported 2.64% and 1.50% gains YTD; whereas micro and small caps lost 4.86% and 0.32% respectively.
Of the 42 stocks, only 11 advanced, while 21 declined and five were unchanged. Five others were not traded. Qatari individual investors' net buying fell to 0.89% or QR1.24mn. A higher 38.14% of them purchased equities against 34.21% the previous day and a higher 37.25% sold compared to 32.6%. Non-Qatari individual investors turned net buyers to the tune of 0.36% or QR0.50mn. A lower 14.23% of them bought equities against 15.54% on Wednesday and a lower 13.87% sold compared to 17.48%. Foreign institutions' net buying rose to 9.09% or QR5.70mn. A lower 31.25% of them bought equities against 33.16% the previous day and a higher 27.16% offloaded compared to 25.7%. Domestic institutions' net selling sunk to 5.35% or QR7.45mn. A marginally lower 16.38% of them were into buying against 17.09% on Wednesday and a lower 21.73% of them into selling compared to 24.21%.
Total trading volume fell 5% to 3.30mn shares, while value rose 5% to QR139.26mn and deals by 14% to 2,365. The transport sector's trading volume zoomed 93% to 0.27mn shares and value more than doubled to QR7.33mn on a 53% jump in transactions to 178. The consumer goods and services sector's trading volume soared 50% to 0.33mn shares, value by 43% to QR22.95mn and deals by 47% to 336. The telecom sector's trading volume surged 33% to 0.57mn shares, value by 3% to QR14.15mn and transactions by 13% to 241. The banks and financial services sector's trading volume gained 5% to 0.91mn shares, value by 25% to QR43.96mn and deals by 14% to 765.
However, the industrials sector's trading volume rose 3% to 0.38mn shares while value fell 2% to QR31.61mn but transactions were up 8% to 409. However, the real estate sector's trading volume plunged 41% to 0.84mn shares, value by 39% to QR18.49mn and deals by 3% to 418. The insurance sector's trading volume tanked 33% to 0.02mn shares, value by 43% to QR0.77mn and transactions by 51% to 18. Actively traded stocks (in terms of volume) were Barwa (679,335 shares); Vodafone Qatar (484,765); Alijarah Holding (305,547), Nakilat (201,662) and Medicare Group (144,461). In the debt market, there was no trading of treasury bills.
The bearish spell on Qatar Exchange extended for the fifth consecutive day yesterday mainly on profit booking pressure from local retail investors. Transport and industrial sectors witnessed larger selling pressure as the 20-stock QE Index (based on price data) settled 0.35% lower at 8,481.20 points. Mid and large cap equities were the prime shakers in the market, which is, however, up 1.46% year-to-date (YTD). A half of the stocks were in the red with major losers being Industries Qatar, Gulf International Services, Barwa, QNB and Milaha. The 20-stock Total Return Index also fell 0.35% to 12,113.54 points, All Share Index (comprising wider constituents) by 0.36% to 2,158.25 points and Al Rayan Islamic Index by 0.16% to 2,569.91 points. All the three indices factored in dividend income as well.
Under the All Share Index category, the transport index shrank 0.72%, industrials 0.69%, banks and financial services 0.31%, insurance 0.23% and consumer goods 0.09%; while that of telecom rose 0.34% and realty 0.09%. Industrials, consumer goods, telecom, transport and banking sectors outperformed the key indices with them gaining YTD 13.97%, 13.2%, 12.39%, 7.06% and 3.35% respectively; even as realty and insurance indices shrank 3.26% and 0.17%. Market capitalisation fell 0.39% or about QR2bn to QR468.37bn with mid and large cap equities notably melting 0.64% and 0.35% respectively; while micro caps gained 0.14%. Mid and large cap equities reported 2.64% and 1.50% gains YTD; whereas micro and small caps lost 4.86% and 0.32% respectively.
Of the 42 stocks, only 11 advanced, while 21 declined and five were unchanged. Five others were not traded. Qatari individual investors' net buying fell to 0.89% or QR1.24mn. A higher 38.14% of them purchased equities against 34.21% the previous day and a higher 37.25% sold compared to 32.6%. Non-Qatari individual investors turned net buyers to the tune of 0.36% or QR0.50mn. A lower 14.23% of them bought equities against 15.54% on Wednesday and a lower 13.87% sold compared to 17.48%. Foreign institutions' net buying rose to 9.09% or QR5.70mn. A lower 31.25% of them bought equities against 33.16% the previous day and a higher 27.16% offloaded compared to 25.7%. Domestic institutions' net selling sunk to 5.35% or QR7.45mn. A marginally lower 16.38% of them were into buying against 17.09% on Wednesday and a lower 21.73% of them into selling compared to 24.21%.
Total trading volume fell 5% to 3.30mn shares, while value rose 5% to QR139.26mn and deals by 14% to 2,365. The transport sector's trading volume zoomed 93% to 0.27mn shares and value more than doubled to QR7.33mn on a 53% jump in transactions to 178. The consumer goods and services sector's trading volume soared 50% to 0.33mn shares, value by 43% to QR22.95mn and deals by 47% to 336. The telecom sector's trading volume surged 33% to 0.57mn shares, value by 3% to QR14.15mn and transactions by 13% to 241. The banks and financial services sector's trading volume gained 5% to 0.91mn shares, value by 25% to QR43.96mn and deals by 14% to 765.
However, the industrials sector's trading volume rose 3% to 0.38mn shares while value fell 2% to QR31.61mn but transactions were up 8% to 409. However, the real estate sector's trading volume plunged 41% to 0.84mn shares, value by 39% to QR18.49mn and deals by 3% to 418. The insurance sector's trading volume tanked 33% to 0.02mn shares, value by 43% to QR0.77mn and transactions by 51% to 18. Actively traded stocks (in terms of volume) were Barwa (679,335 shares); Vodafone Qatar (484,765); Alijarah Holding (305,547), Nakilat (201,662) and Medicare Group (144,461). In the debt market, there was no trading of treasury bills.
© Gulf Times 2013
