QSE falls below 14,000 points despite interest from local savers

The Qatar Stock Exchange opened the week on Sunday on weakness to fall below 14,000 points despite net purchases at the transport and insurance counters.
Despite bullish sentiments among local retail investors, Qatar’s 20-stock index came in 64 points or 0.46% lower at 13,986.98 points, as the global market awaits rate hikes from the US Federal Reserve.
The QSE had touched an intraday high of 14,065 points.
The Islamic index was declining more slowly than other market indices, whose year-to-date gains were 20.31%.
Domestic funds continued to be net sellers but with less intensity in the exchange, whose capitalization decreased by around QR 4 billion or 0.5% to QR 777.16 billion, mainly driven by the mid-market segments. capitalization.
Gulf funds continued to be net buyers but with less momentum in the market, where the banking and consumer goods sectors together accounted for around 69% of trading volume.
Arab funds were seen as net profit takers on the exchange, which saw a total of 431,060 exchange-traded funds (sponsored by Masraf Al Rayan) valued at QR 1.63 million change hands across 79 transactions .
Arab retail investors were increasingly net sellers on the exchange, which saw no sovereign bond trading.
Total trading and volumes were down in the market, which saw no trading in Treasuries.
The Total Return Index lost 0.46% to 28,544.78 points, the All Share Index by 0.44% to 4,452.46 points and the Al Rayan Islamic Index (Price) by 0.27% to 3,010, 75 dots.
The industrial sectors index fell by 1%, telecoms (0.53%), consumer goods and services (0.5%), banks and financial services (0.35%) and real estate (0.14%) ; while transportation and insurance gain 0.57% and 0.32% respectively.
About 58% of constituents traded on the main market were in the red and included Mannai Corporation, Qatari Investors Group, Woqod, Qatar Industries, QNB, Qatar Industrial Manufacturing, Qatar Islamic Bank, Dlala, Mesaieed Petrochemical Holding and Qamco. In the venture capital market, Mekdam Holding saw its shares depreciate.
Nevertheless, Inma Holding, Baladna, Milaha, QLM, Alijarah Holding and Qatar Insurance were among the main market winners. On the junior stock market, Al Faleh Educational Holding saw its shares rise in value.
Foreign individuals became net sellers at 7.97 million QR against net buyers of 0.22 million QR on April 21.
Arab Retail Net Sales increased noticeably to QR 2.64 million from QR 1.7 million on the previous trading day.
Arab institutions were net sellers at QR 0.82m versus no major net exposure last Thursday.
Net purchases by foreign funds decreased significantly to QR 27.91 million from QR 101.69 million on April 21.
Gulf funds net purchases weakened markedly to QR 11.42 million from QR 25.23 million on the previous trading day.
However, Qatari individuals were net buyers at QR 34.02 million against sellers at QR 29.11 million last Thursday.
Net purchases by Gulf individuals increased slightly to QR 0.53 million from QR 0.42 million on April 21.
The net sale of domestic funds decreased significantly to QR 62.44 million from QR 96.74 million on the previous trading day.
Total trading volume in the main market fell 19% to 148.76 million shares, value fell 41% to QR 428.67 million, and trades fell 43% to 7,878.
The transport sector’s trading volume fell 84% to 1 million shares, the value fell 85% to 4.91 million QR and trades fell 82% to 173.
The market saw a 66% drop in telecom trading volume to 2.14 million shares, 65% in value to 4.88 million QR and 44% in trades to 156.
The industrial sector’s trading volume fell by 63% to 26.92 million shares, the value by 54% to 125.1 million QR and transactions by 36% to 2,658.
The banking and financial services sector reported a contraction of 22% in trading volume to 32.57 million shares, 49% in value to 156.34 million QR and 51% in transactions to 2,971.
The insurance sector’s trading volume decreased by 20% to 2.28 million shares, the value by 45% to 5.81 million QR and trades by 64% to 94.
However, there was a 74% increase in trade volume of the consumer goods and services sector to 69.72 million shares, 75% in value to 114.1 million QR and 3% in trades to 1 333.
The trading volume of the real estate sector increased by 10% to 14.15 million shares, while the value decreased by 14% to 17.53 million QR and transactions by 39% to 493.
The venture capital market reported a fivefold increase in trading volumes to 0.29 million shares and a roughly five-fold increase in value to QR 2.16 million on more than five-fold growth transactions at 168.

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