2025-08-26
US Rate Cut Uncertainties Drag QSE Below 11,300 Levels; M-Cap Erodes QR2.88bn
Mirroring the global sentiments over uncertainties in the US Federal Reserve's rate cut path, the Qatar Stock Exchange Monday fell more than 29 points and its key index retreated below 11,300 levels and capitalisation eroded about QR3bn.
The domestic funds were seen net profit takers as the 20-stock Qatar Index shed 0.26% to 11,293.42 points, although it touched an intraday high of 11,350 points.
The consumer goods, transport, banks and industrials counters witnessed higher than average selling pressure in the main market, whose year-to-date gains truncated to 6.83%.
More than 65% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR2.88bn or 0.43% to QR671.73bn mainly on small and microcap segments.
The Arab individuals turned bearish in the main market, which saw as many as 0.02mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.04mn trade across six deals.
However, the Gulf institutions were net buyers in the main bourse, whose trade turnover and volumes were on the increase.
The Islamic index saw slower decline than the other indices of the main market, which saw no trading of treasury bills.
The local retail investors and foreign funds were seen net buyers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index shed 0.26% and the All Share Index by 0.38% and the All Islamic Index by 0.22% in the main market.
The consumer goods and services sector index declined 0.56%, transport (0.54%), banks and financial services (0.38%), industrials (0.37%), insurance (0.23%), telecom (0.18%) and real estate (0.11%).
Major losers in the main market included Baladna, Medicare Group, Alijarah Holding, Estithmar Holding, Milaha, QNB, Mannai Corporation and Industries Qatar.
In the junior bourse, Techno Q saw its shares depreciate in value.
Nevertheless, Doha Bank, Mesaieed Petrochemical Holding, QLM, Al Mahhar Holding and Meeza were among the gainers in the main market.
The domestic institutions turned net sellers to the tune of QR19.74mn compared with net buyers of QR4.54mn the previous day.
The Arab individuals were net profit takers to the extent of QR0.67mn against net buyers of QR6.09mn on August 24.
However, the Gulf institutions turned net buyers to the tune of QR6.82mn compared with net sellers of QR7.1mn on Sunday.
The local retail individuals were net buyers to the extent of QR6.61mn against net sellers of QR2.4mn the previous day.
The foreign institutions turned net buyers to the tune of QR5.83mn compared with net sellers of QR1.3mn on August 24.
The foreign individual investors’ net buying strengthened marginally to QR2.1mn against QR1.58mn on Sunday.
The Gulf retail investors’ net profit booking weakened perceptibly to QR0.97mn compared to QR1.41mn the previous day.
The Arab institutions had no major net exposure for the second consecutive session.
The main market saw a 6% jump in trade volumes to 121.84mn shares, 18% in value to QR311.22mn and 15% in deals to 13,997.
In the venture market, a total of 0.6mn equities valued at QR1.66mn changed hands across 99 transactions.
The domestic funds were seen net profit takers as the 20-stock Qatar Index shed 0.26% to 11,293.42 points, although it touched an intraday high of 11,350 points.
The consumer goods, transport, banks and industrials counters witnessed higher than average selling pressure in the main market, whose year-to-date gains truncated to 6.83%.
More than 65% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR2.88bn or 0.43% to QR671.73bn mainly on small and microcap segments.
The Arab individuals turned bearish in the main market, which saw as many as 0.02mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.04mn trade across six deals.
However, the Gulf institutions were net buyers in the main bourse, whose trade turnover and volumes were on the increase.
The Islamic index saw slower decline than the other indices of the main market, which saw no trading of treasury bills.
The local retail investors and foreign funds were seen net buyers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index shed 0.26% and the All Share Index by 0.38% and the All Islamic Index by 0.22% in the main market.
The consumer goods and services sector index declined 0.56%, transport (0.54%), banks and financial services (0.38%), industrials (0.37%), insurance (0.23%), telecom (0.18%) and real estate (0.11%).
Major losers in the main market included Baladna, Medicare Group, Alijarah Holding, Estithmar Holding, Milaha, QNB, Mannai Corporation and Industries Qatar.
In the junior bourse, Techno Q saw its shares depreciate in value.
Nevertheless, Doha Bank, Mesaieed Petrochemical Holding, QLM, Al Mahhar Holding and Meeza were among the gainers in the main market.
The domestic institutions turned net sellers to the tune of QR19.74mn compared with net buyers of QR4.54mn the previous day.
The Arab individuals were net profit takers to the extent of QR0.67mn against net buyers of QR6.09mn on August 24.
However, the Gulf institutions turned net buyers to the tune of QR6.82mn compared with net sellers of QR7.1mn on Sunday.
The local retail individuals were net buyers to the extent of QR6.61mn against net sellers of QR2.4mn the previous day.
The foreign institutions turned net buyers to the tune of QR5.83mn compared with net sellers of QR1.3mn on August 24.
The foreign individual investors’ net buying strengthened marginally to QR2.1mn against QR1.58mn on Sunday.
The Gulf retail investors’ net profit booking weakened perceptibly to QR0.97mn compared to QR1.41mn the previous day.
The Arab institutions had no major net exposure for the second consecutive session.
The main market saw a 6% jump in trade volumes to 121.84mn shares, 18% in value to QR311.22mn and 15% in deals to 13,997.
In the venture market, a total of 0.6mn equities valued at QR1.66mn changed hands across 99 transactions.
Source: GULF TIMES