National funds and local retail investors hold back QSE


Despite strong buying interest at the counters in transport, telecommunications and real estate, the Qatar Stock Exchange fell 0.26% on Thursday.
Local retail investors were increasingly seen in net selling as Qatar’s 20-stock index fell for the second consecutive session by 33 points to 12,800.12 points, despite hitting a intraday high of 12,865 points.
Foreign individuals were seen bearish in the market, whose year-to-date gains were 10.1%.
The Islamic index declined more slowly than other indices in the market, whose capitalization eroded by more than QR 1 billion or 0.18% to QR 726.8 billion, mainly driven by the small segments. capitalizations.
Gulf individuals were net profit takers in the market, where the consumer goods and banking sectors together accounted for more than 56% of trade volume.
National institutions increasingly practiced net selling in the market, which saw a total of 33,086 exchange-traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR 0.2 million change hands in 19 trades.
Arab individuals were viewed as net profit takers in the market, which saw no sovereign bond trading.
Turnover and total trading volumes increased on the exchange, which saw no trading in Treasuries.
The Total Return Index lost 0.26% to 26,218.8 points, the All Share Index 0.24% to 4,118.71 points and the Al Rayan Islamic Index (Price) 0.07% to 2,752. .97 points.
The index of industrial sectors fell by 0.79%, banks and financial services (0.52%) and insurance (0.13%); while transport gained 1.71%, telecoms (1.61%), real estate (1.37%) and consumer goods and services (0.55%).
The main losers in the main market are Doha Insurance, Qatar Islamic Bank, Mannai Corporation, Masraf Al Rayan and Qamco.
Nevertheless, Qatar Industrial Manufacturing, Al Khaleej Takaful, Baladna, Barwa, Commercial Bank, Inma Holding, Qatari German Medical Devices, Ezdan, Ooredoo, Vodafone Qatar and Nakilat were among the main market winners.
In the venture capital market, Al Faleh Educational Holding and Mekdam Holding saw their shares rise in value.
National fund net sales increased noticeably to QR 78.15 million from QR 68.75 million on June 1.
Qatari retail net profit bookings increased significantly to QR 69.44 million from QR 35.97 million the previous day.
Arab individuals became net sellers at 7.7 million QR compared to net buyers of 1.44 million QR on Wednesday.
Foreign individuals were net sellers at QR 2.54 million compared to net buyers of QR 2.31 million as of June 1.
Gulf individuals became net sellers at QR 1.11 million compared to net buyers of QR 0.11 million the previous day.
However, net purchases by Gulf institutions strengthened significantly to QR 86.54 million from QR 58 million on Wednesday.
Net purchases by overseas establishments increased sharply to QR 72.4 million from QR 42.33 million on June 1.
Arab institutions had no major net exposure against net buyers to the tune of QR 0.53 million the previous day.
The total trading volume in the main market increased by 39% to 188.86 million shares, the value by 44% to 883.62 million QR and transactions by 13% to 24,068.
The real estate sector’s trading volume soared 58% to 20.88 million shares and the value nearly doubled to QR 35.63 million on an 87% increase in trades to 1,453.
The consumer goods and services sector reported a 44% increase in trading volume to 53.89 million shares and 44% in value to QR 140.54 million, but a 17% drop in trades to 2,232.
The industrial sector’s trading volume climbed 44% to 45.1 million shares, the value by 22% to 139.79 million QR and trades by 5% to 3,452.
The banking and financial services sector recorded a 37% expansion in trading volume to 51.96 million shares, 54% in value to QR 501.57 million and 36% in trades to 15,014.
The telecom sector’s trading volume climbed 26% to 7.63 million shares and the value by 70% to 31.77 million QR, while trades fell 36% to 848.
There was a 2% gain in insurance sector trading volume to 3.11 million shares and 16% in value to QR 9.16 million, but a 66% contraction in trading at 177.
However, the transport sector’s trade volume fell by 5% to 6.28 million shares, the value by 15% to 25.16 million QR and trades by 44% to 892.
In the venture capital market, trading volumes decreased by 61.36% to 0.34 million shares, value by 61.78% to 2.4 million QR and transactions by 57.71% at 148.


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