(MENAFN- Gulf Times) Foreign funds were increasingly net buyers on the Qatar Stock Exchange, which fell for the second straight session.
The buying interests in the transport and banking counters notwithstanding, the 20-stock Qatar Index declined more than 29 points, or 0.27%, to 10,911.4 points, recovering from an intraday low of 10,866 points.
Local retail investors were seen marginally bullish in the bourse, whose year-to-date gains were at 4.56%.
About 57% of the traded constituents were in the red in the market, whose capitalisation saw more than QR2bn, or 0.33%, decline to QR630.88bn, mainly owing to midcap segments.
The Islamic index was seen declining faster than the other indices in the market, which saw industrials sectors alone constitute about 54% of the total trading volume.
The domestic funds were increasingly net sellers and foreign individuals turned bearish in the bourse, which saw a total of 125,891 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR823,157 changed hands across 18 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index declined 0.27% to 21,599.78 points, the All Share Index by 0.14% to 3,449.18 points and the Al Rayan Islamic Index (Price) by 0.36% to 2,530.25 points.
The realty sector index shrank 0.64%, telecom (0.57%), consumer goods and services (0.49%) and industrials (0.46%); whereas transport gained 0.22% and banks and financial services 0.07%.
Major decliners included QIIB, Alijarah Holding, Dlala, Widam Food, Mannai Corporation, Qatari Investors Group, Industries Qatar, Aamal Company, Mesaieed Petrochemical Holding, Al Khaleej Takaful, Mazaya Qatar, Ezdan, United Development Company and Vodafone Qatar; even as Doha Bank, Qatar National Cement, Qamco, Doha Insurance and QLM were among the gainers.
The domestic funds' net selling increased substantially to QR34.81mn against QR24.87mn on April 28.
The Arab individuals turned net sellers to the tune of QR3.71mn compared with net buyers of QR1.92mn on Wednesday.
Foreign individuals were net sellers to the extent of QR2.71mn against net buyers of QR2.79mn the previous day.
The Gulf institutions' net buying declined markedly to QR0.27mn compared to QR11.56mn on April 28.
Local retail investors' net buying eased perceptibly to QR1.96mn against QR5.69mn on Wednesday.
However, the foreign funds' net buying grew notably to QR41.7mn compared to QR18.3mn the previous day.
The Arab funds' net buying strengthened marginally to QR0.27mn against QR0.09mn on April 28.
The Gulf individuals' net profit booking fell noticeably to QR2.97mn compared to QR15.51mn on Wednesday.
Total trade volume fell 3% to 262.82mn shares, value by 9% to QR530.58mn and transactions by 8% to 9,630.
The consumer goods and services sector's trade volume plummeted 49% to 30.2mn equities, value by 53% to QR55.18mn and deals by 32% to 1,406.
There was a 34% plunge in the transport sector's trade volume to 1.89mn stocks, 40% in value to QR7.57mn and 11% in transactions to 277.
The insurance sector's trade volume tanked 34% to 7.72mn shares, value by 39% to QR22.52mn and deals by 22% to 495.
The banks and financial services sector saw a 15% shrinkage in trade volume to 32.55mn equities, 20% in value to QR118.91mn and 6% in transactions to 2,434.
However, the real estate sector's trade volume soared 65% to 43.84mn stocks and value by 54% to QR60.07mn on doubled deals to 1,335.
The market witnessed a 52% surge in the telecom sector's trade volume to 5.8mn shares, as value more than doubled to QR28.07mn on a 45% growth in transactions to 557.
The industrials sector's trade volume was up 10% to 140.81mn equities and value by 11% to QR238.25mn, whereas deals shrank 18% to 3,126.
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