The Qatar Stock Exchange recorded marginal buying interest in Islamic stocks on Tuesday even as it weakened for the fourth consecutive session.
Notwithstanding the increase in net purchases by domestic institutions and Gulf individuals, the Qatar 20-stock index fell eight points or 0.08% to 10,768.08 points, after hitting an intraday high of 10,793 points.
Industrials and consumer goods counters experienced strong market demand, with year-to-date gains of 3.18%.
Arab and local individuals were seen as net sellers on the stock exchange, whose capitalization saw QR 0.44 million or 0.07% drop to QR 622.61, mostly due to the microcap segments.
More than 60% of the components traded were in the red in the market, which saw the industrial and consumer goods and services sectors together constitute about 48% of the total volume of trade.
Overall turnover and trade volumes were down on the stock exchange, where foreign institutions continued to be net sellers but with less vigor.
Gulf individuals were increasingly net buyers in the market, which saw a total of 26,140 exchange-traded funds (QATR sponsored by Masraf Al Rayan) valued at QR 64,305 change hands in six trades; while in the debt market there was no trading of sovereign bonds and treasury bills.
The total return index fell 0.08% to 21,316.07 points and the All Share index fell 0.04% to 3,411.41 points, while the Islamic Al Rayan index (price) rose from 0.05% to 2,463.7 points.
The transport index fell by 1.47%, insurance (0.96%), telecoms (0.67%) and real estate (0.46%); while manufacturers gained 0.58% and consumer goods and services (0.14%). The index of banks and financial institutions was rather flat.
The main losers are Ooredoo, Qatar Insurance, Nakilat, QLM, Qatari German Medical Devices, Qatar Oman Investment, Alijarah Holding, Qatar General Insurance and Reinsurance, Mazaya Qatar, United Development Company and Qatar Cinema and Film Distribution; although Industries Qatar, QNB, Barwa, Al Meera Consumer Goods, Mannai Corporation and Zad Holding were among the winners.
Arab individuals became net sellers of QR 1.24 million against net buyers of QR 4.41 million on July 12.
Qatari individuals were net sellers of QRF 1.08 million against buyers of QR 3.78 million on Monday.
The net profit taking of foreign individuals increased significantly to 0.72 mn QR against 0.08 mn QR the day before.
Arab institutions became net sellers to the tune of QRF 0.01 million against no major net exposure on July 12.
Net purchases by Gulf institutions fell significantly to QR 4.56 million from QR 14.07 million on Monday.
However, net purchases of domestic funds increased significantly to reach QR 18.37 million from QR 4.78 million the previous day.
Net purchases by Gulf individuals edged up to QR 1.83 million from QR 1.6 million on July 12.
The reserve of net profit from foreign funds declined significantly to QR 21.72 million from QR 28.55 million on Monday.
Total trade volume fell 13% to 86.29 million shares and the value fell 27% to QR 239.16 million, while trades increased 13% to 8,412.
Insurance trading volume fell 45% to 0.63 million shares, value 54% to QR 1.79 million, and trades 52% to 69.
The market saw a 27% drop in the volume of trade in the consumer goods and services sector to 18.8 million shares, 59% in value to 26.94 million QR and 24% in transactions to 865.
The telecommunications sector’s trade volume fell 23% to 2.32 million shares and its value by 33% to QR 10.36 million, while transactions rose 14% to 815.
There was an 18% contraction in industrial sector trade volume to 22.33 million shares, 19% in value to QR 54.36 million, and transactions 15% to 1,454.
The trading volume of the banking and financial services sector decreased by 16% to 16.37 million shares, the value by 22% to QR93.72 million, and transactions by 1% to 2,009.
However, the real estate sector reported an 18% increase in trading volume to 16.83 million shares, but a 10% contraction in value to QR 21.63 million and 24% in trades to 638.
The transport sector’s trade volume increased 3% to 8.99 million shares, while the value fell by less than 1% to QR 30.35 million and transactions fell 15% to 562.