(MENAFN- Gulf Times) Foreign institutions were increasingly net buyers on Thursday even as the Qatar Stock Exchange settled marginally down by six points.
The Gulf individuals were seen net buyers amidst a 0.05% decline in the 20-stock Qatar Index to 10,522.78 points, recovering from an intraday low of 10,495 points.
Local retail investors continued to be net sellers but with lesser vigour in the bourse, whose year-to-date gains were at 0.83%.
About 56% of the traded constituents extended gains to investors in the market, whose capitalisation saw QR12mn, or 0.02%, decrease to QR606.97bn, mainly owing to microcap segments.
The Islamic index was seen declining slower than the other indices in the bourse, which saw the domestic institutions turn bearish.
Trade turnover and volumes were on the decline in the market, where the industrials sector alone accounted for about 50% of the trading volume.
A total of 1.66mn exchange traded funds (Masraf Al Rayan-sponsored QATR) valued at QR3.99mn changed hands across 153 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index was down 0.05% to 20,302.73points, the All Share Index by 0.03% to 3,232.87 points and the Al Rayan Islamic Index (Price) by 0.04% to 2,407.93 points.
The industrials index shrank 0.4%, while telecom gained 0.39%, insurance (0.29%), consumer goods and services (0.17%), transport (0.04%) and banks and financial services (0.02%). The real estate index was rather flat.
Major decliners included Industries Qatar, Medicare Group, Qatar Electricity and Water, QIIB, Qatar First Bank, Qatari German Medical Devices, Qatar National Cement, Mesaieed Petrochemical Holding, United Development Company and Mazaya Qatar.
Nevertheless, about 55% of the traded constituents extended gains with movers being Al Khaleej Takaful, Qatari Investors Group, Investment Holding Group, Dlala, Aamal Company, Qatar Islamic Bank, Qatar Oman Investment, Qamco, Salam International Investment and Gulf International Services.
The domestic funds turned net sellers to the tune of QR9.88mn compared with net buyers of QR58.59mn the previous day.
The Gulf institutions' net buying declined notably to QR8.52mn against QR9.87mn on February 10.
The Arab individuals' net buying weakened perceptibly to QR0.08mn compared to QR2.22mn on Wednesday.
However, the foreign institutions' net buying grew significantly to QR21.46mn against QR7.7mn the previous day.
The Gulf individuals turned net buyers to the extent of QR3.03mn compared with net sellers of QR9.81mn on February 10.
The foreign individuals' net buying strengthened marginally to QR1.85mn against QR1.43mn on Wednesday.
The local retail investors' net selling shrank considerably to QR25.02mn compared to QR70.63mn the previous day.
The Arab institutions had no major exposure against net buyers to the tune of QR0.62mn on February 10.
Total trade volume fell 9% to 183.46mn shares, value by 34% to QR378.47mn and transactions by 16% to 8,508.
The banks and financial services sector reported a 72% plunge in trade volume to 27.47mn equities, 65% in value to QR117.86n and 45% in deals to 2,679.
The insurance sector's trade volume more than doubled to 10.39mn stocks and value more than doubled to QR30.86mn on a 70% jump in transactions to 661.
The telecom sector's trade volume soared 91% to 8.39mn shares and value by 14% to QR17.26mn, whereas deals shrank 27% to 304.
The industrials sector reported a 66% surge in trade volume to 91.15mn equities, 4% in value to QR115.76mn and 29% in transactions to 2,870.
The transport sector's trade volume shot up 32% to 7.17mn stocks, value by 59% to QR39.02mn and deals by 12% to 460.
There was a 25% expansion in the consumer goods and services sector's trade volume to 26.37mn shares but on a 24% dip in value to QR36.57mn and 23% in transactions to 892.
The realty sector's trade volume was up 3% to 12.51mn equities and value by 2% to QR21.13mn, while deals were down 4% to 642.
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