QSE sees roller coaster ride amid bullish Gulf and foreign institutions


The Qatar Stock Exchange had a rather roller coaster ride on Sunday before finally closing on negative ground, amid the bullish Gulf and foreign institutions.
Regardless of buying interests in insurance, transport and real estate counters, the Qatar 20-stock index was 0.14% or 15 points lower at 10,739.14 points, after hitting a intraday of 10,766 points.
Arab individuals were also seen as bullish in the market, whose cumulative gains were contained at 2.91%.
About half of the constituents traded were in the red on the exchange, whose market cap saw QR89mn or 0.14% decrease to QR625.41n, mainly due to the microcap segments.
National funds were seen as net profit takers in the market, which has seen the industrial and consumer goods sectors together constitute over 70% of the total trading volume.
Overall turnover declined amid higher volumes in the market, where Islamic stocks fell faster than other indexes.
Local retail investors continued to bet on net buyers, but with less intensity on the stock exchange, which saw a total of 35,892 exchange-traded funds (QATR sponsored by Masraf Al Rayan and QETF sponsored by Bank of Doha ) valued at QR 319,229 changed hands on five transactions; while in the debt market there was no trading of sovereign bonds and treasury bills.
The total return index fell 0.14% to 21,258.77 points, the All Share index fell 0.13% to 3,415.43 points and the Islamic Al Rayan index (price) fell 0.18 % at 2,505.6 points.
The telecommunications sector index fell by 0.38%, banking and financial services (0.26%) and consumer goods and services (0.17%); while insurance gained 0.42%, transport (0.23%) and real estate (0.17%). The industrial product index was rather flat.
Major players include Qatar Cinema and Film, Qamco, Aamal Company, Ahlibank Qatar, QIIB, QLM and Mazaya Qatar; although Gulf International Services, Qatari Investors Group, Mesaieed Petrochemical Holding, Baladna, Qatar Oman Investment, Commercial Bank, Doha Insurance and Qatar General Insurance and Reinsurance were among the winners.
Domestic funds were net sellers of QR 20.55 million against net buyers of QR 9.05 million on June 3.
Foreign individuals became net sellers to the tune of QR 1.41 million against net buyers of QR 4.81 million last Thursday.
Net purchases by Qatari individuals notably weakened to 1.22 million QR against 2.16 million QR the previous trading day.
However, Gulf institutions were net buyers of QR 8.59 million against net sellers of QR 7.42 million on June 3.
Foreign funds became net buyers to the tune of QR 7.22 million against net profit takers of QR 2.04 million last Thursday.
Arab individuals were net buyers of QR 6.23 million versus net sellers of QR 5.01 million on the previous trading day.
Private Gulf Net Profit Booking declined slightly to QR 1.33 million from QR 1.55 million on June 3.
Arab funds continued to have no major net exposure for the second consecutive session.
Total trade volume increased 7% to 204.29 million shares, while value fell 7% to QR379.93 million and trades 17% to 8,005.
The market saw a 91% increase in transport sector trade volume to 2.44 million shares and 72% in value to QR 8.76 million, but a 21% decline in transactions to 196.
The volume of trade in the consumer goods and services sector increased by 50% to 51.77 million shares, the value by 38% to QR 76.3 million and transactions by 16% to 1,394.
The banking and financial services sector saw a 35% expansion in trading volume to 33.93 million shares, but an 18% decrease in value to QR 86.86 million and 31% in transactions at 1,814.
Industry trade volume jumped 4% to 90.96 million shares, value 7% to QR163.96 million, and transactions 8% to 3,483.
There was a 4% jump in insurance sector trading volume to 1.71 million shares and 12% in value to QR 5.41 million but on a 31% decrease in transactions at 133.
However, the real estate sector’s trade volume fell 43% to 19.98 million shares, the value 53% to QR27.18 million, and trades 50% to 524.
The telecommunications sector saw a 43% drop in trading volume to 3.5 million shares, a 55% drop in value to QR 11.45 and a 57% drop in trades to 461.


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