2025-10-07
Foreign Funds Drag QSE Below 10,900 Levels; Transport and Consumer Goods See More Selling
The US government shutdown and the appurtenant uncertainties had an overarching influence on the Qatar Stock Exchange, which yesterday saw its index lose more than 27 points to settle below 10,900 levels.
The transport and consumer goods counters witnessed higher than average selling pressure as the 20-stock Qatar Index shed 0.25% to 10,888.55 points, although it touched an intraday high of 10,921 points.
The foreign institutions turned net profit takers in the main market, whose year-to-date gains truncated to 3%.
More than 67% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR0.69bn or 0.11% to QR653.57bn; mainly on microcap segments.
The local retail investors were seen increasingly net sellers in the main market, which saw as many as 0.22mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.56mn trade across 85 deals.
The foreign individuals’ weakened net buying had its influence on the main bourse, whose trade turnover and volumes were on the rise.
The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills.
However, the Gulf funds were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index shed 0.25%, the All Share Index by 0.16% and the All Islamic Index 0.27% in the main market.
The transport sector index declined 0.92%, consumer goods and services (0.71%), industrials (0.14%), telecom (0.13%) and banks and financial services (0.03%); while insurance gained 0.24%. The real estate index was unchanged.
As many as 35 stocks declined, while only 10 declined and seven were unchanged.
Major shakers in the main market included Inma Holding, Nakilat, Qatar Electricity and Water, Widam Food, Medicare Group, Alijarah Holding, Aamal Company, Gulf International Services, Mazaya Qatar, Ezdan, United Development Company and Ooredoo.
Nevertheless, Qatar General Insurance and Reinsurance, Qamco, Vodafone Qatar, Barwa and QNB were among the movers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value.
The foreign institutions were net sellers to the extent of QR16.26mn compared with net buyers of QR3.36mn the previous day.
The Qatari individual investors’ net profit booking increased marginally to QR6.7mn against QR6.54mn on October 5.
The foreign retail investors’ net buying weakened notably to QR0.4mn compared to QR3.14mn on Sunday.
However, the Gulf institutions’ net buying strengthened significantly to QR8.82mn against QR3.41mn the previous day.
The domestic institutions turned net buyers to the tune of QR7.96mn compared with net profit takers of QR4.84mn on October 5.
The Arab individual investors’ net buying increased perceptibly to QR4.73mn against QR1.73mn on Sunday.
The Gulf retail investors were net buyers to the extent of QR1.04mn compared with net sellers of QR0.26mn the previous day.
The Arab institutions had no major net exposure for the seventh consecutive session.
The main market saw 10% jump in trade volumes to 119.85mn shares, 38% in value to QR316.69mn and 81% in deals to 21,500.
In the venture market, a total of 0.01mn equities valued at QR0.04mn changed hands across eight transactions.
The transport and consumer goods counters witnessed higher than average selling pressure as the 20-stock Qatar Index shed 0.25% to 10,888.55 points, although it touched an intraday high of 10,921 points.
The foreign institutions turned net profit takers in the main market, whose year-to-date gains truncated to 3%.
More than 67% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR0.69bn or 0.11% to QR653.57bn; mainly on microcap segments.
The local retail investors were seen increasingly net sellers in the main market, which saw as many as 0.22mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.56mn trade across 85 deals.
The foreign individuals’ weakened net buying had its influence on the main bourse, whose trade turnover and volumes were on the rise.
The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills.
However, the Gulf funds were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index shed 0.25%, the All Share Index by 0.16% and the All Islamic Index 0.27% in the main market.
The transport sector index declined 0.92%, consumer goods and services (0.71%), industrials (0.14%), telecom (0.13%) and banks and financial services (0.03%); while insurance gained 0.24%. The real estate index was unchanged.
As many as 35 stocks declined, while only 10 declined and seven were unchanged.
Major shakers in the main market included Inma Holding, Nakilat, Qatar Electricity and Water, Widam Food, Medicare Group, Alijarah Holding, Aamal Company, Gulf International Services, Mazaya Qatar, Ezdan, United Development Company and Ooredoo.
Nevertheless, Qatar General Insurance and Reinsurance, Qamco, Vodafone Qatar, Barwa and QNB were among the movers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value.
The foreign institutions were net sellers to the extent of QR16.26mn compared with net buyers of QR3.36mn the previous day.
The Qatari individual investors’ net profit booking increased marginally to QR6.7mn against QR6.54mn on October 5.
The foreign retail investors’ net buying weakened notably to QR0.4mn compared to QR3.14mn on Sunday.
However, the Gulf institutions’ net buying strengthened significantly to QR8.82mn against QR3.41mn the previous day.
The domestic institutions turned net buyers to the tune of QR7.96mn compared with net profit takers of QR4.84mn on October 5.
The Arab individual investors’ net buying increased perceptibly to QR4.73mn against QR1.73mn on Sunday.
The Gulf retail investors were net buyers to the extent of QR1.04mn compared with net sellers of QR0.26mn the previous day.
The Arab institutions had no major net exposure for the seventh consecutive session.
The main market saw 10% jump in trade volumes to 119.85mn shares, 38% in value to QR316.69mn and 81% in deals to 21,500.
In the venture market, a total of 0.01mn equities valued at QR0.04mn changed hands across eight transactions.
Source: GULF TIMES