27 January 2014
Foreign institutions yesterday turned profit takers, leading the Qatar Exchange snap three consecutive days of bull-run and its key index retreat below the 11,300 level.
Selling pressure - especially in telecom, banking, real estate and consumer goods - was instrumental in dragging the 20-stock Qatar Index (based on price data) by 0.35% to 11,298.96 points.
However, buying interests were seen strong local retail and institutions in the market, which is, however, up 8.86% year-to-date.
"The Gulf markets have been rather mirroring the uncertainty in the global sphere. Concerns on Chinese economy and the US monetary support were the drivers in the emerging markets," an analyst said.
The 20-stock Total Return Index fell 0.35% to 16,143.62 points, All Share Index (with wider constituents) by 0.37% to 2,788.93 and Al Rayan Islamic Index by 0.36% to 3,235.85. All the three indices factored in dividend income as well.
Telecom stocks shrank 1.77%, banks and financial services (0.83%), realty (0.44%), consumer goods (0.39%) and transport (0.09%); whereas insurance gained 0.75% and industrials (0.56%).
About 53% of the stocks were in the red with influential shakers being QNB, Industries Qatar, Ooredoo, Vodafone Qatar, Commercial Bank, Doha Bank, United Development Company, Barwa and Milaha.
However, Qatari Investors Group, Gulf International Services, Doha Insurance Company and Ezdan Real Estate bucked the trend.
Market capitalisation fell 0.38% or more than QR2bn to QR596.23bn. Large and mid-cap equities eroded 0.82% and 0.52%, while small and mid-caps rose 1.71% and 0.25% respectively. Foreign institutions were net sellers to the tune of QR33.71mn compared with net buyers of QR160.92mn th
e previous trading day.
However, domestic institutions were net buyers to the tune of QR31.41mn against net sellers of QR54.97mn last Thursday.
Qatari retail investors' net selling amounted to mere QR0.04mn compared to QR89.09mn the previous trading day.
Non-Qatari individual investors were net buyers to the extent of QR2.34mn against net sellers of QR16.86mn last Thursday.
Total trading volume was down 9% to 7.96mn stocks, value by 27% to QR402.7mn and transactions by 11% to 4,711.
The industrials sector's trading volume plummeted 37% to 1.37mn equities, value by 34% to QR128.01mn and deals by 20% to 1,578.
The telecom sector saw its trading volume plunge 30% to 0.98mn shares, value by 47% to QR27.38mn and transactions by 42% to 315. The insurance sector's trading volume tanked 26% to 0.57mn stocks, value by 43% to QR21.14mn and deals by 11% to 293.
The consumer goods sector witnessed its trading volume decline 9% to 0.52mn equities, value by 24% to QR21.11mn and transactions by 2% to 302.
The banks and financial services sector reported 8% fall in trading volume to 2.28mn shares, 29% in value to QR149.98mn and 6% in deals to 1,446.
However, the transport sector's trading volume more than doubled to 0.74mn stocks and value almost doubled to QR19.63mn on 43% jump in transactions to 199.
The market witnessed 54% surge in real estate sector's trading volume to 1.51mn equities, 46% in value to QR35.45mn and 26% in deals to 578.
In the debt market, there was no trading of treasury bills. However, a total of 5,000 government bonds valued at QR50.6mn changed hands across two transactions.
Foreign institutions yesterday turned profit takers, leading the Qatar Exchange snap three consecutive days of bull-run and its key index retreat below the 11,300 level.
Selling pressure - especially in telecom, banking, real estate and consumer goods - was instrumental in dragging the 20-stock Qatar Index (based on price data) by 0.35% to 11,298.96 points.
However, buying interests were seen strong local retail and institutions in the market, which is, however, up 8.86% year-to-date.
"The Gulf markets have been rather mirroring the uncertainty in the global sphere. Concerns on Chinese economy and the US monetary support were the drivers in the emerging markets," an analyst said.
The 20-stock Total Return Index fell 0.35% to 16,143.62 points, All Share Index (with wider constituents) by 0.37% to 2,788.93 and Al Rayan Islamic Index by 0.36% to 3,235.85. All the three indices factored in dividend income as well.
Telecom stocks shrank 1.77%, banks and financial services (0.83%), realty (0.44%), consumer goods (0.39%) and transport (0.09%); whereas insurance gained 0.75% and industrials (0.56%).
About 53% of the stocks were in the red with influential shakers being QNB, Industries Qatar, Ooredoo, Vodafone Qatar, Commercial Bank, Doha Bank, United Development Company, Barwa and Milaha.
However, Qatari Investors Group, Gulf International Services, Doha Insurance Company and Ezdan Real Estate bucked the trend.
Market capitalisation fell 0.38% or more than QR2bn to QR596.23bn. Large and mid-cap equities eroded 0.82% and 0.52%, while small and mid-caps rose 1.71% and 0.25% respectively. Foreign institutions were net sellers to the tune of QR33.71mn compared with net buyers of QR160.92mn th
e previous trading day.
However, domestic institutions were net buyers to the tune of QR31.41mn against net sellers of QR54.97mn last Thursday.
Qatari retail investors' net selling amounted to mere QR0.04mn compared to QR89.09mn the previous trading day.
Non-Qatari individual investors were net buyers to the extent of QR2.34mn against net sellers of QR16.86mn last Thursday.
Total trading volume was down 9% to 7.96mn stocks, value by 27% to QR402.7mn and transactions by 11% to 4,711.
The industrials sector's trading volume plummeted 37% to 1.37mn equities, value by 34% to QR128.01mn and deals by 20% to 1,578.
The telecom sector saw its trading volume plunge 30% to 0.98mn shares, value by 47% to QR27.38mn and transactions by 42% to 315. The insurance sector's trading volume tanked 26% to 0.57mn stocks, value by 43% to QR21.14mn and deals by 11% to 293.
The consumer goods sector witnessed its trading volume decline 9% to 0.52mn equities, value by 24% to QR21.11mn and transactions by 2% to 302.
The banks and financial services sector reported 8% fall in trading volume to 2.28mn shares, 29% in value to QR149.98mn and 6% in deals to 1,446.
However, the transport sector's trading volume more than doubled to 0.74mn stocks and value almost doubled to QR19.63mn on 43% jump in transactions to 199.
The market witnessed 54% surge in real estate sector's trading volume to 1.51mn equities, 46% in value to QR35.45mn and 26% in deals to 578.
In the debt market, there was no trading of treasury bills. However, a total of 5,000 government bonds valued at QR50.6mn changed hands across two transactions.
© Gulf Times 2014
