(MENAFN- Gulf Times) The Qatar Stock Exchange on Tuesday settled below 10,800 levels, a straight decline for the fifth day, despite buying interests in the industrials and transport counters.
The bullish outlook of the Arab individuals notwithstanding, the 20-stock Qatar Index settled 15 points or 0.12% lower at 11,796.05 points, having touched an intraday high of 11,827 points.
The foreign individuals were seen increasingly net buyers amidst an overall lull in the market, whose year-to-date gains were at 13.03%.
About 49% of the traded constituents were in the red in the bourse, which saw the Islamic index decline faster than the other indices.
The domestic institutions continued to be net buyers but with lesser vigour in the market, whose capitalisation saw QR21mn or 0.03% dip to QR680.68bn, mainly on microcap segments.
The local retail investors continued to be net profit takers but with lesser intensity in the bourse, where the industrials and consumer goods and services sectors together constituted about 64% of the total trading volume.
The overall trade turnover declined amidst higher volumes in the main market, where the Gulf individuals' net buying was seen weakening.
The Gulf funds continued to be net profit takers but with lesser intensity in the market, which saw a total of 42,545 exchange traded funds (Masraf Al Rayan sponsored QATR and Doha Bank sponsored QETF) valued at QR110,763 trade across five deals.
The Total Return Index declined 0.12% to 23,350.99 points, All Share Index by 0.11% to 3,736.6 points and Al Rayan Islamic Index (Price) by 0.38% to 2,617.59 points.
The consumer goods and services index shrank 0.48%, real estate (0.31%), banks and financial services (0.2%), insurance (0.13%) and telecom (0.02%); while transport and industrials gained 0.21% and 0.19% respectively.
Major losers in the main market included Qatar Industrial Manufacturing, Masraf Al Rayan, Qatar Investors Group, Vodafone Qatar, Woqod, Doha Bank, Mesaieed Petrochemical Holding and Barwa.
Nevertheless, Mannai Corporation, QLM, Qatar Oman Investment, Mazaya Qatar, Ahlibank Qatar, Salam International Investment, Industries Qatar and Milaha were among the gainers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding saw their shares appreciate in value.
The domestic funds' net buying declined substantially to QR19.21mn against QR61.04mn on November 22.
The Gulf individuals' net buying weakened marginally to QR0.4mn compared to QR0.82mn the previous day.
However, the Arab individuals turned net buyers to the tune of QR2.82mn against net sellers of QR5.6mn on Monday.
The foreign individuals' net buying grew perceptibly to QR1.12mn compared to QR0.29mn on November 22.
The local retail investors' net selling fell markedly to QR8.59mn against QR28.52mn the previous day.
The foreign funds turned net selling also shrank notably to QR9.36mn compared to QR17.67mn on Monday.
The Gulf institutions' net profit booking eased considerably to QR5.59mn against QR10.36mn on November 22.
The Arab institutions continued to have no major net exposure for the sixth consecutive session.
Total trade volume in the main market rose 9% to 119.99mn shares, while value fell 8% to QR311.52mn and transactions by 19% to 7,306.
The consumer goods and services sector's trade volume more than doubled to 34.48mn equities, value soared 70% to QR45.99mn and deals by 18% to 923.
There was 18% surge in the insurance sector's trade volume to 1.1mn stocks but on 3% decline in value to QR3.04mn and 29% in transactions to 64.
The industrials sector's trade volume shot up 14% to 42.17mn shares, while value shrank 4% to QR86.78mn and deals by 18% to 2,007.
However, the market witnessed 83% plunge in the telecom sector's trade volume to 1.01mn equities, 86% in value to QR2.81mn and 82% in transactions to 212.
The transport sector's trade volume plummeted 58% to 1.72mn stocks, value by 59% to QR7.51mn and deals by 63% to 135.
The real estate sector reported 36% shrinkage in trade volume to 9.88mn shares, 51% in value to QR14.15mn and 35% in transactions to 432.
The banks and financial services sector's trade volume was down 3% to 29.64mn equities, while value grew less than 1% to QR151.25mn and deals by 3% to 3,533.
In the venture market, volume and value were seen dropping 30.84% and 44.95%; whereas transactions expanded 52.78%.
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