08/04/2026 07:27 AST
The Qatar Stock Exchange (QSE) Tuesday witnessed domestic and foreign institutions extend buying support, even as it overall settled lower.
The 20-stock Qatar Index, which had reached an intraday high of 10,375 points, could not however sustain the bull-run as it finally fell 61 points or 0.59% to 10,285.66 points.
The real estate, banking, industrials and telecom sectors saw higher than average selling pressure in the main market, whose year-to-date losses widened to 4.43%.
Markets have been treading a cautious path in view of the deadline set by the US President Donald Trump for Iran to reopen the Strait of Hormuz, which carries about 20% of the energy supplies to the world.
The foreign retail investors were seen less inclined to square off their positions in the main bourse, whose capitalisation melted QR4.35bn or 0.71% to QR608.21bn mainly on midcap segments.
The local retail investors were seen net profit takers in the main market, whose trade turnover and volumes were on the rise.
The Gulf funds turned bearish in the main bourse, which saw as many as 0.03mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.07mn trade across 10 deals.
The Arab individuals were increasingly net sellers in the main market, which saw a total of 0.23mn sovereign bonds valued at QR2.25bn change hands across seven transactions.
The Islamic index was seen declining slower than the other indices of the main bourse, which saw no trading of treasury bills.
The Total Return Index shed 0.59%, the All Share Index by 0.66% and the Al Rayan Islamic Index by 0.31% in the main bourse.
The realty sector index tanked 1.06%, banks and financial services (0.72%), industrials (0.68%), telecom (0.68%), transport (0.53%) and consumer goods and services (0.41%); while insurance was up 0.04%.
As many as 36 declined, while only 13 gained and five were unchanged in the main market.
About 67% of the traded constituents were in the red in the main market with major losers being Inma Holding, Widam Food, Gulf International Services, Commercial Bank, QNB, Doha bank, Al Mahhar Holding, Industries Qatar, United Development Company, Barwa, Mazaya Qatar, Gulf Warehousing and Nakilat. In the juniour bourse, Techno Q saw its shares depreciate in value.
Nevertheless, Qatar Cinema and Film Distribution, Doha Insurance, Al Khaleej Takaful, Mesaieed Petrochemical Holding, Estithmar Holding and Vodafone Qatar were among the movers in the main market.
The Gulf institutions turned net sellers to the tune of QR63.21mn compared with net buyers of QR1.79mn on Monday.
The local retail investors were net sellers to the extent of QR7.72mn against net buyers of QR2.22mn the previous day.
The Arab individuals' net profit booking expanded substantially to QR7.28mn compared to QR0.86mn on April 6.
The Gulf individual investors' net selling increased perceptibly to QR0.72mn against QR0.01mn on Monday.
The Arab funds turned net sellers to the tune of QR0.08mn compared with net buyers of QR0.04mn the previous day.
However, the domestic institutions were net buyers to the extent of QR68.03mn against net sellers of QR5.08mn on April 6.
The foreign institutions' net buying strengthened markedly to QR12.46mn compared to QR6.4mn on Monday.
The foreign individuals' net profit booking weakened noticeably to QR0.37mn against QR4.5mn the previous day.
The main market saw 29% surge in trade volumes to 237.92mn shares, 16% in value to QR477.09mn and 62% in deals to 28,636.
In the venture market, a total of 0.43mn equities valued at QR1.09mn changed hands across 77 transactions.
Gulf Times
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