QSE declines 0.19% on domestic funds’ net selling
January 23 2022 11:08 PM

The Qatar Stock Exchange opened the week on a weak note as its key index drifted down about 24 points despite robust demand at four out of the seven sectors.
The domestic institutions turned net sellers as the 20-stock Qatar Index settled 0.19% lower at 12,488.09 points, although it touched an intraday low of 12,378 points.
The foreign individuals were seen increasingly into net profit booking in the market, whose year-to-date gains were at 7.42%.
The foreign institutions’ weakened net buying also had its influence in the bourse, whose capitalisation saw more than QR1bn or 0.16% decline to QR715.22n, mainly on the back of microcap segments.
About 58% of the traded constituents were in the red in the bourse, where the industrials sector alone accounted for about 33% of the trading volume.
Local retail investors continued to be net sellers but with lesser vigour in the market, which saw a total of 67,783 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR423,802 changed hands across 17 deals.
The Islamic index was seen easing slower than the other indices in the bourse, which saw no trading of sovereign bonds.
Total trade turnover and volumes were on the decline in the bourse, which saw no trading of treasury bills.
The Total Return Index shed 0.19% to 24,720.93 points, All Share Index by 0.13% to 3,939.11 points and Al Rayan Islamic Index (Price) by 0.1% to 2,758.08 points.
The banks and financial services sector index shrank 0.43% and telecom 0.32%; while transport gained 0.59%, insurance (0.53%), consumer goods and services (0.34%), industrials (0.16%) and real estate (0.04%).
Major losers in the main market included Salam International Investment, Al Khaleej Takaful, Dlala, Ezdan, Alijarah Holding, Commercial Bank, Qatar Islamic Bank, QNB, Qatar Oman Investment, Qatari German Medical Devices, Baladna, Qatar Electricity and Water, Aamal Company and Mazaya Qatar.
Nevertheless, Mannai Corporation, Qatar National Cement, Qatar General and Reinsurance, United Development Company, Nakilat, Woqod, Qamco, Mesaieed Petrochemical Holding and Qatar Insurance were among the gainers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their scrips appreciate in value.
The domestic funds were net sellers to the tune of QR24.17mn compared with net buyers of QR25.16mn on January 20.
The foreign individuals’ net selling increased perceptibly to QR5.27mn against QR4.49mn the previous trading day.
The foreign institutions’ net buying weakened markedly to QR31.01mn compared to QR38.54mn last Thursday.
The Gulf institutions’ net buying shrank drastically to QR11.94mn against QR35.16mn on January 20.
The Arab individuals’ net buying eased significantly to QR0.69mn compared to QR6.38mn the previous trading day.
However, Qatari individuals’ net selling decreased substantially to QR14.28mn against QR99.53mn last Thursday.
The Gulf individuals were net buyers to the extent of QR0.08mn compared with net sellers of QR1.22mn the previous trading day.
The Arab funds continued to have no major net exposure.
Total trade volume in the main market fell 33% to 129.89mn shares, value by 48% to QR395.37mn and transactions by 36% to 8,652.
The banks and financial services sector’s trade volume plummeted 53% to 29.09mn equities, value by 66% to QR137.15mn and deals by 52% to 3,128.
The market witnessed a 44% contraction in the telecom sector’s volume to 2.55mn stocks, 63% in value to QR5mn and 55% in transactions to 178.
The real estate sector’s trade volume tanked 37% to 24.5mn shares, value by 41% to QR35.32mn and deals by 41% to 808.
There was a 33% plunge in the industrials sector’s trade volume to 42.33mn equities, 35% in value to QR123.07mn and 26% in deals to 2,653.
The insurance sector’s trade volume tanked 26% to 2.68mn stocks and value by 29% to QR6.91mn; whereas transactions shot up 45% to 366.
The transport sector reported a 15% contraction in trade volume to 5.24mn shares, 17% in value to QR22.06mn and 31% in deals to 356.
However, the consumer goods and services sector’s trade volume soared 51% to 23.49mn equities, value by 26% to QR65.85mn and transactions by 21% to 1,163.
In the venture market, volumes shed 38.47% to 291,004 stocks, value by 40.94% to QR1.89mn and deals by 58.68% to 138.

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