(MENAFN- Gulf Times) Qatar Stock Exchange opened the week on a weak note, mainly dragged by insurance, transport, telecom and real estate stocks.
The 20-stock Qatar Index shed 0.18% to 11,858.32 points on Sunday as Shariah-principled stocks melted faster than the other equities.
Domestic institutions' bearish grip led to an overall bearish overhand in the market, which is down 3.48% year-to-date.
Nevertheless, buying interests of foreign institutions and local retail investors was visible in the bourse, where trading was skewed towards the realty sector.
Market capitalisation was down 0.05% or QR32mn to QR631.63bn.
The Total Return Index shed 0.18% to 18,428.45 points, All Share Index by 0.16% to 3,174.21 points and Al Rayan Islamic Index by 0.36% to 4,607.46 points.
Insurance stocks plummeted 1.37%, transport (0.77%), telecom (0.6%) and real estate (0.32%); while banks and financial services rose 0.1% and industrials (0.04%). The index of consumer goods was rather flat.
About 49% of the stocks were in the red with influential losers being Ooredoo, Ezdan, Nakilat, Masraf Al Rayan, Doha Bank, Qatar Insurance, Dlala and Qatari German Company for Medical Devices; even as QNB, Commercial Bank, Gulf International Services, Barwa and United Development Company bucked the trend.
Domestic institutions turned net sellers to the tune of QR9.13mn compared with net buyers of QR13.28mn the previous trading day.
The GCC (Gulf Cooperation Council) institutions were also net sellers to the extent of QR1.08mn against net buyers of QR1.95mn on June 11.
However, non-Qatari institutions turned net buyers to the tune of QR3.19mn compared with net sellers of QR12.23mn last Thursday.
Non-Qatari individual investors were also net buyers to the extent of
QR4.09mn against net sellers of QR4.38mn the previous trading day.
Local retail investors' net buying strengthened to QR2.53mn compared to
QR1.67mn on June 11.
The GCC individual investors turned net buyers to the tune of QR0.4mn
against net profit takers of QR0.28mn last Thursday.
Total trade volume fell 24% to 3.54mn shares, value by 28% to QR154.27mn and deals by 23% to 2,378.
The market witnessed 82% plunge in the transport sector's trade volume to 0.08mn equities, 86% in value to QR1.79mn and 51% in transactions to 67.
The insurance sector's trade volume plummeted 75% to 0.02mn stocks, value by 76% to QR1.43mn and deals by 57% to 26.
There was 53% shrinkage in the consumer goods sector's trade volume to 0.41mn shares, 46% in value to QR18.81mn and 12% in transactions to 378.
The industrials sector's trade volume tanked 53% to 0.27mn equities, value by 67% to QR14.36mn and deals by 26% to 498.
The telecom sector saw 49% decline in trade volume to 0.24mn stocks, 36% in value to QR7.64mn and 53% in transactions to 182.
The banks and financial services sector's trade volume fell 41% to 0.52mn shares, value by 42% to QR36.11mn and deals by 29% to 561.
However, the real estate sector saw 49% surge in trade volume to 2.01mn equities, 71% in value to QR74.13mn and 7% in transactions to 666.
In the debt market, there was no trading of treasury bills and government bonds.
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