2025-11-03
Foreign Funds Drag Sentiments in QSE as Index Falls 26 Points; M-Cap Melts QR1.96bn: QSE-November 2
The Qatar Stock Exchange today opened the week weak with its key index losing more than 26 points on selling pressure especially in the insurance, consumer goods, telecom, industrials and real estate sectors.
The foreign funds were seen net profit takers as the 20-stock Qatar Index shed 0.24% to 10,930.3 points, recovering from an intraday low of 10,896 points.
The Gulf institutions’ substantially weakened net buying had its impact on the main market, whose year-to-date gains truncated to 3.4%.
The Arab individuals’ lower net buying had its effect on the main bourse, whose capitalisation shed QR1.96bn or 0.3% to QR652.78bn, mainly on small cap segments.
The local retail investors continued to be bearish but with lesser intensity in the main market, which saw as many as 6,369 exchange traded funds (sponsored by AlRayan Bank) valued at QR0.01mn trade across 11 deals.
The domestic institutions were seen net buyers in the main bourse, whose trade turnover fell amidst higher volumes.
The Islamic index was seen declining faster than the indices of the main market, which saw no trading of treasury bills.
The Gulf retail investors were seen bullish, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index rose 0.24%, the All Share Index by 0.28% and the All Islamic Index by 0.48% in the main market.
The insurance sector index tanked 1.02%, consumer goods and services (0.74%), telecom (0.69%), industrials (0.64%), real estate (0.47%) and banks and financial services (0.11%); while transport gained 0.55%.
As many as only seven stocks gained, while 40 declined and six were unchanged.
More than 75% of the traded constituents were in the red in the main bourse with major losers being Mannai Corporation, Meeza, Baladna, Dlala, QLM, Inma Holding, Widam Food, Mesaieed Petrochemical Holding and Qatar Insurance. In the venture market, Techno Q saw its shares depreciate in value.
Nevertheless, Qatar German Medical Devices, Qatar General Insurance and Reinsurance, Nakilat, QIIB and Doha Insurance were among the movers in the main bourse.
The foreign institutions turned net sellers to the tune of QR15.76mn compared with net buyers of QR30.79mn last Thursday.
The Gulf institutions’ net buying decreased drastically to QR4.78mn against QR50.17mn the previous trading day.
The Arab retail investors’ net buying weakened perceptibly to QR0.95mn compared to QR1.77mn on October 30.
However, the domestic institutions were net buyers to the extent of QR17.8mn against net sellers of QR44.43mn last Thursday.
The Gulf individuals turned net buyers to the tune of QR0.25mn compared with net sellers of QR0.28mn the previous trading day.
The local individual investors’ net selling decreased significantly to QR7.86mn against QR30.14mn on October 30.
The foreign individuals’ net profit booking shrank considerably to QR0.17mn compared to QR7.86mn last Thursday.
The Arab institutions had no major net exposure for the sixth straight session.
The main market saw a 6% jump in trade volumes to 120.03mn shares but on 23% contraction in value to QR280.75mn and 46% in deals to 13,442.
In the venture market, a total of 0.07mn equities valued at QR0.17mn changed hands across 13 transactions.
The foreign funds were seen net profit takers as the 20-stock Qatar Index shed 0.24% to 10,930.3 points, recovering from an intraday low of 10,896 points.
The Gulf institutions’ substantially weakened net buying had its impact on the main market, whose year-to-date gains truncated to 3.4%.
The Arab individuals’ lower net buying had its effect on the main bourse, whose capitalisation shed QR1.96bn or 0.3% to QR652.78bn, mainly on small cap segments.
The local retail investors continued to be bearish but with lesser intensity in the main market, which saw as many as 6,369 exchange traded funds (sponsored by AlRayan Bank) valued at QR0.01mn trade across 11 deals.
The domestic institutions were seen net buyers in the main bourse, whose trade turnover fell amidst higher volumes.
The Islamic index was seen declining faster than the indices of the main market, which saw no trading of treasury bills.
The Gulf retail investors were seen bullish, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index rose 0.24%, the All Share Index by 0.28% and the All Islamic Index by 0.48% in the main market.
The insurance sector index tanked 1.02%, consumer goods and services (0.74%), telecom (0.69%), industrials (0.64%), real estate (0.47%) and banks and financial services (0.11%); while transport gained 0.55%.
As many as only seven stocks gained, while 40 declined and six were unchanged.
More than 75% of the traded constituents were in the red in the main bourse with major losers being Mannai Corporation, Meeza, Baladna, Dlala, QLM, Inma Holding, Widam Food, Mesaieed Petrochemical Holding and Qatar Insurance. In the venture market, Techno Q saw its shares depreciate in value.
Nevertheless, Qatar German Medical Devices, Qatar General Insurance and Reinsurance, Nakilat, QIIB and Doha Insurance were among the movers in the main bourse.
The foreign institutions turned net sellers to the tune of QR15.76mn compared with net buyers of QR30.79mn last Thursday.
The Gulf institutions’ net buying decreased drastically to QR4.78mn against QR50.17mn the previous trading day.
The Arab retail investors’ net buying weakened perceptibly to QR0.95mn compared to QR1.77mn on October 30.
However, the domestic institutions were net buyers to the extent of QR17.8mn against net sellers of QR44.43mn last Thursday.
The Gulf individuals turned net buyers to the tune of QR0.25mn compared with net sellers of QR0.28mn the previous trading day.
The local individual investors’ net selling decreased significantly to QR7.86mn against QR30.14mn on October 30.
The foreign individuals’ net profit booking shrank considerably to QR0.17mn compared to QR7.86mn last Thursday.
The Arab institutions had no major net exposure for the sixth straight session.
The main market saw a 6% jump in trade volumes to 120.03mn shares but on 23% contraction in value to QR280.75mn and 46% in deals to 13,442.
In the venture market, a total of 0.07mn equities valued at QR0.17mn changed hands across 13 transactions.
Source: GULF TIMES