The foreign institutions were increasingly net sellers as the 20-stock Qatar Index shed 0.78% to 10,648.36 points, although it touched an intraday high of 10,731 points.
The foreign institutions were increasingly net sellers as the 20-stock Qatar Index shed 0.78% to 10,648.36 points, although it touched an intraday high of 10,731 points.
The banks, industrials, consumer goods and real estate counters witnessed higher than average profit booking in the main market, whose year-to-date gains narrowed further to 0.73%.
More than 71% of the traded constituents were in the red in the main bourse, whose capitalisation eroded QR4.74bn or 0.74% to QR629.19bn mainly on account of mid and small cap segments.
Arab retail investors turned bearish in the main market, which saw as many as 5,104 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.01mn trade across seven deals.
The Gulf institutions’ weakened net buying had its influence on the main bourse, whose trade turnover and volumes were on the decline.
The Islamic index was seen declining slower than the other indices of the main market, which saw no trading of treasury bills.
The domestic institutions’ lower net buying had its effect on the main bourse, which saw no trading of sovereign bonds.
The Total Return Index shed 0.78% and the All Islamic Index by 0.71% and the All Share Index by 0.77% in the main market.
The banks and financial services sector index shrank 0.97%, industrials (0.85%), consumer goods and services (0.83%), realty (0.83%), telecom (0.28%) and insurance (0.24%); while transport gained 0.2%.
Major shakers in the main market included Qatari Investors Group, Al Faleh Educational Holding, Widam Food, Qatar Oman Investment, Al Meera, QNB, Qatar Islamic Bank, Commercial Bank, Qatar German Medical Devices, Baladna, Industries Qatar, Barwa and Mazaya Qatar. In the junior bourse, Techno Q saw its shares depreciate in value.
Nevertheless, Beema, Qatar Islamic Insurance, Estithmar Holding, Meeza and Milaha were among the gainers in the main market.
The foreign institutions’ net selling increased substantially to QR44.47mn compared to QR14.66mn the previous day.
The Arab individual investors turned net sellers to the tune of QR7.06mn against net buyers of QR7.82mn on Monday.
The domestic institutions’ net buying declined noticeably to QR6.6mn compared to QR10.35mn on May 26.
The Gulf institutions’ net buying weakened perceptibly to QR9.84mn against QR11.02mn the previous day.
However, the local retail investors were net buyers to the extent of QR29.71mn compared with net sellers of QR12.18mn on Monday.
The foreign individuals turned net buyers to the tune of QR2.83mn against net profit takers of QR1.46mn on May 26.
The Gulf retail investors were net buyers to the extent of QR2.57bn compared with net sellers of QR0.88mn the previous day.
The Arab institutions had no major net exposure.
The main market witnessed a 17% contraction in trade volumes to 187.18mn shares and 3% in value to QR455.58mn but on 2% jump in deals to 22,705.
In the venture market, as many as 34,473 equities valued at QR0.09mn changed hands across 12 transactions.
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