Profit-booking by local retail investors yesterday extended the bearish spell on the Qatar Exchange to the second day.
Although local retail investors were seen exerting strong buying pressure, the 20-stock QE Index (based on price data) fell 0.39% to 8,480.35 points.
The transport, telecom and consumer goods segments dragged the market, which is up 1.45% year-to-date (YTD).
Consumer goods, industrials, telecom, transport and banking sectors outperformed the index by gaining 7.91%, 6.93%, 6.20%, 5.66% and 3.27% YTD respectively. Insurance and real estate indices rose by a marginal 1.60% and 0.13% respectively.
Major shakers included Industries Qatar, Mazaya Qatar, Vodafone Qatar, Nakilat, Qatar Islamic Bank and Mawashi. Gulf International Services (GIS) and Barwa bucked the trend.
The 20-stock Total Return Index fell 0.22% to 11,816.69 points, the All Share Index (comprising wider constituents) by 0.09% to 2,107.82 points and the Al Rayan Islamic Index by 0.11% to 2,561.83 points.
All the three indices factored in dividend income as well.
Under the All Share Index category, the transport index shrank 0.68%, followed by telecom (0.51%), consumer goods (0.43%) and banks and financial services (0.39%), while insurance gained 2.88%, realty 0.365 and industrials rose 0.18%.
Market capitalisation eroded 0.33%, or about QR2bn, to QR464.32bn with mid, small and large cap equities melting 0.88%, 0.81% and 0.27% respectively.
Mid and large cap equities have gained 2.40% and 0.40% YTD respectively, while small and micro caps lost 2.77% and 2.26% respectively.
Of the 42 stocks, only 12 advanced, while 24 declined and three were unchanged. Three others were not traded.
Domestic institutions turned net sellers to the tune of 5.85% or QR10.64mn. A much lower 16% of them were into buying compared to 41.56% the previous day, while a higher 21.85% of them into selling against 15.06%.
Foreign institutions also turned net sellers to the extent of 2.11% or QR3.84mn. A higher 26.51% of them bought equities compared to 20.84% on Monday but a much higher 28.62% offloaded against 14.88%.
On the other hand, Qatari individual investors turned were net buyers to the tune of 4.65% or QR8.45mn. A much higher 43.54% of them purchased equities compared to 24.02% the previous day, whereas a much lower 38.89% sold against 59.50%.
Non-Qatari retail investors' net buying rose to 3.32% or QR6.04mn. A marginally higher 13.96% of them bought equities compared to 13.59% on Monday and a marginally higher 10.64% sold against 10.56%.
Total trading volume fell 3% to 4.86mn shares, value by 37% to QR181.80mn and deals by 11% to 2,614.
The real estate sector's trading volume plummeted 36% to 0.64mn shares, value by 33% to QR12.90mn and transactions by 22% to 300.
The consumer goods and services sector's trading volume plunged 33% to 0.14mn shares, value by 50% to QR13.76mn and deals by 47% to 238.
The banks and financial services sector's trading volume tanked 29% to 1.62mn shares, value by 68% to QR50.26mn and transactions by 19% to 801.
The telecom sector's trading volume declined 3% to 0.32mn shares, value by 59% to QR9.03mn and deals by 49% to 127.
However, the industrials sector's trading volume more than doubled to 1.53mn shares, value soared 50% to QR77.67mn and transactions by 62% to 862.
The transport sector's trading volume surged 29% to 0.44mn shares, whereas value shank 10% to QR9.31mn and deals by 29% to 144.
The insurance sector's trading volume gained 6% to 0.18mn shares and value by 5% to QR8.89mn while transactions were down 1% to 142.
Actively traded stocks (in terms of volume) were GIS (1.14mn shares); Qatar Oman Investment (754,238); Nakilat (391,571); Doha Bank (350,733) and Barwa (324,986).
© Gulf Times 2013
