(MENAFN- Gulf Times) Qatar Stock Exchange opened the week weak, losing 50 points for the second straight session, on an across the board selling, particularly in the real estate and insurance stocks.
Local retail investors and institutions were seen instrumental in dragging the 20-stock Qatar Index 0.41% to 12,082.99 points as volumes also shrank.
However, the Gulf Cooperation Council (GCC) retail investors were seen heavily into buying in the market, which is, down 1.65% year-to-date.
The index that tracks Shariah-principled stocks was seen melting faster than the other indices in the bourse, where trading was largely skewed towards the realty and banking sectors, whose stocks together constituted more than 60% of the overall trading volume.
Market capitalisation shed 0.27% or about QR2bn to QR640.62bn with mid, micro, small and large cap equities melting 0.47%, 0.42%, 0.18% and 0.11% respectively.
The Total Return Index fell 0.41% to 18,777.59 points, All Share Index by 0.36% to 3,227.07 points and Al Rayan Islamic Index by 0.52% to 4,711.51 points.
Realty stocks shrank 1.12%, insurance (0.72%), transport (0.34%), telecom (0.3%), consumer goods (0.16%), banks and financial services (0.17%) and industrials (0.09%).
About 59% of the stocks were in the red with major losers being Barwa, Ezdan, United Development Company, Mazaya Qatar, Vodafone Qatar, Gulf International Services, Industries Qatar and Commercial Bank; even as QNB and Qatar Electricity and Water bucked the trend.
Local retail investors turned net sellers to the tune of QR21.4mn compared with net buyers of QR7.84mn on June 25.
Domestic institutions were net sellers to the extent of QR6.72mn against net buyers of QR14.35mn last Thursday.
However, the GCC retail investors' net buying strengthened considerably to QR43.07mn compared to QR5.88mn the previous trading day.
Non-Qatari individual investors turned net buyers to the tune of QR1.01mn against net sellers of QR3.24mn on June 25.
Non-Qatari institutions' net profit booking weakened to QR14.64mn compared to QR21.3mn last Thursday.
The GCC institutions' net profit booking decreased to QR0.82mn against QR3.7mn the previous trading day.
Total trade volume fell 24% to 2.57mn shares, value by 14% to QR151.43mn and deals by 24% to 1,765.
There was 45% plunge in the transport sector's trade volume to 0.06mn equities, 63% in value to QR1.61mn and 34% in transactions to 45.
The consumer goods sector's trade volume plummeted 38% to 0.2mn stocks, value by 52% to QR8.69mn and deals by 41% to 142.
The real estate sector saw 37% decline in trade volume to 0.8mn shares, 11% in value to QR29.76mn and 26% in transactions to 375.
The telecom sector's trade volume tanked 13% to 0.26mn equities, while value rose 9% to QR9.3mn; even as deals shrank 17% to 195.
The market witnessed 11% slippage in the industrials sector's trade volume to 0.5mn stocks, 9% in value to QR35.53mn and 6% in transactions to 600.
The banks and financial services sector's trade volume was down 4% to 0.75mn shares, value by 7% to QR66.46mn and deals by 32% to 402.
A total of 1,198 insurance equities valued at QR0.09mn changed hands across mere six transactions.
In the debt market, there was no trading of treasury bills and government bonds.
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