2025-10-21
Weak Oil Prices Play Spoilsport in Qatar Stock Exchange as Index Falls 29 Points
Mirroring the trends in the regional markets due to weak oil prices, the Qatar Stock Exchange (QSE) today continued bearish run for the second straight session as its key index fell about 29 points.
The foreign funds were seen net profit takers as the 20-stock Qatar Index shed 0.26% to 10,808.5 points, although it touched an intraday high of 10,855 points.
The domestic institutions turned bearish in the main market, whose year-to-date gains truncated further to 2.25%.
About 58% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR2.17bn or 0.33% to QR647.13bn, mainly dragged by small cap segments.
The insurance, telecom and industrials counters witnessed higher than average selling pressure in the main market, which saw as many as 0.06mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.14mn trade across 26 deals.
The Gulf institutions’ 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 slower than the other indices of the main market, which saw no trading of treasury bills.
The foreign retail investors’ lower net buying had its marginal impact on the main bourse, which saw no trading of sovereign bonds.
The Total Return Index fell 0.26%, the All Islamic Index by 0.23% and the All Share Index by 0.25% in the main market.
The insurance sector index tanked 1.24%, telecom (0.77%), industrials (0.42%), banks and financial services (0.15%), transport (0.09%) and real estate (0.01%); while consumer goods and services were up 0.08%.
As many as 17 stocks gained, while 30 declined and five were unchanged.
Major shakers in the main market included QLM, Qatar Insurance, Ezdan, Qatar German Medical Devices, QIIB, Medicare Group, Industries Qatar, Gulf International Services, Qatar National Cement, Qatar Electricity and Water, Aamal Company, Estithmar Holding, Ooredoo and Nakilat.
Nevertheless, Qamco, Qatar General Insurance and Reinsurance, Mazaya Qatar, Vodafone Qatar, Barwa and Meeza were among the gainers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value.
The foreign institutions turned net sellers to the tune of QR12.1mn compared with net buyers of QR0.21mn the previous day.
The domestic institutions were net sellers to the extent of QR0.52mn against net buyers of QR6.14mn on October 19.
The Gulf institutions’ net buying declined noticeably to QR7.49mn compared to QR14.3mn on Sunday.
The foreign retail investors’ net buying weakened perceptibly to QR0.19mn against QR1.87mn the previous day.
However, the Arab individuals turned net buyers to the tune of QR5.62mn compared with net sellers of QR6.41mn on October 19.
The local individual investors were net buyers to the extent of QR4.41mn against net sellers of QR10.9mn on Sunday.
The Gulf retail investors’ net profit booking eased marginally to QR5.1mn compared to QR5.21mn the previous day.
The Arab institutions had no major net exposure for the second consecutive day.
The main market saw 26% jump in trade volumes to 123.39mn shares, 25% in value to QR301.7mn and 21% in deals to 17,540.
In the venture market, a total of 0.07mn equities valued at QR0.18mn changed hands across 32 transactions.
The foreign funds were seen net profit takers as the 20-stock Qatar Index shed 0.26% to 10,808.5 points, although it touched an intraday high of 10,855 points.
The domestic institutions turned bearish in the main market, whose year-to-date gains truncated further to 2.25%.
About 58% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR2.17bn or 0.33% to QR647.13bn, mainly dragged by small cap segments.
The insurance, telecom and industrials counters witnessed higher than average selling pressure in the main market, which saw as many as 0.06mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.14mn trade across 26 deals.
The Gulf institutions’ 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 slower than the other indices of the main market, which saw no trading of treasury bills.
The foreign retail investors’ lower net buying had its marginal impact on the main bourse, which saw no trading of sovereign bonds.
The Total Return Index fell 0.26%, the All Islamic Index by 0.23% and the All Share Index by 0.25% in the main market.
The insurance sector index tanked 1.24%, telecom (0.77%), industrials (0.42%), banks and financial services (0.15%), transport (0.09%) and real estate (0.01%); while consumer goods and services were up 0.08%.
As many as 17 stocks gained, while 30 declined and five were unchanged.
Major shakers in the main market included QLM, Qatar Insurance, Ezdan, Qatar German Medical Devices, QIIB, Medicare Group, Industries Qatar, Gulf International Services, Qatar National Cement, Qatar Electricity and Water, Aamal Company, Estithmar Holding, Ooredoo and Nakilat.
Nevertheless, Qamco, Qatar General Insurance and Reinsurance, Mazaya Qatar, Vodafone Qatar, Barwa and Meeza were among the gainers in the main bourse. In the venture market, Techno Q saw its shares appreciate in value.
The foreign institutions turned net sellers to the tune of QR12.1mn compared with net buyers of QR0.21mn the previous day.
The domestic institutions were net sellers to the extent of QR0.52mn against net buyers of QR6.14mn on October 19.
The Gulf institutions’ net buying declined noticeably to QR7.49mn compared to QR14.3mn on Sunday.
The foreign retail investors’ net buying weakened perceptibly to QR0.19mn against QR1.87mn the previous day.
However, the Arab individuals turned net buyers to the tune of QR5.62mn compared with net sellers of QR6.41mn on October 19.
The local individual investors were net buyers to the extent of QR4.41mn against net sellers of QR10.9mn on Sunday.
The Gulf retail investors’ net profit booking eased marginally to QR5.1mn compared to QR5.21mn the previous day.
The Arab institutions had no major net exposure for the second consecutive day.
The main market saw 26% jump in trade volumes to 123.39mn shares, 25% in value to QR301.7mn and 21% in deals to 17,540.
In the venture market, a total of 0.07mn equities valued at QR0.18mn changed hands across 32 transactions.
Source: GULF TIMES