QSE edges down on domestic funds' selling pressure

14/10/2025 05:05 AST

The Qatar Stock Exchange yesterday edged down marginally with its key index losing about four points as foreign funds were seen increasingly net profit takers.

The telecom, industrials and insurance counters witnessed higher than average selling pressure as the 20-stock Qatar Index was down 0.03% to 10,835.95 points, although it touched an intraday high of 10,881 points.

The domestic funds turned net profit takers in the main market, whose year-to-date gains truncated further to 2.51%.

The Gulf individuals were increasingly net sellers in the main bourse, whose capitalisation however added QR0.63bn or 0.1% to QR650.56bn; mainly on microcap segments.

The local retail investors' weakened net buying had its influence on the main market, which saw as many as 0.08mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.19mn trade across 43 deals.

The foreign individuals' lower net buying also had its marginal impact on the main bourse, whose trade turnover and volumes were on the rise.

The Islamic index was seen declining faster than the main barometer of the main market, which saw no trading of treasury bills.

However, the Gulf institutions were increasingly bullish in the main bourse, which saw no trading of sovereign bonds.

The Total Return Index declined 0.03% and the All Islamic Index by 0.19%, while the All Share Index rose 0.19% in the main market.

The telecom sector index shrank 0.62%, industrials (0.44%) and insurance (0.19%); while transport gained 0.88%, real estate (0.43%), consumer goods and services (0.21%) and banks and financial services (0.19%).

As many as 32 stocks gained, while 18 declined and one was unchanged.

Major shakers in the main market included QIIB, Ooredoo, Gulf International Services, Qatar Insurance, Industries Qatar, Meeza, Estithmar Holding and Qamco.

Nevertheless, about 63% of the traded constituents extended gains with major movers being QLM, Mazaya Qatar, Ahlibank Qatar, Nakilat, Qatar Oman Investment, Inma Holding, Qatar German Medical Devices, Widam Food, Ezdan and United Development Company. In the venture market, Techno Q saw its shares appreciate in value.

The foreign institutions' net profit booking increased perceptibly to QR25.67mn compared to QR21.95mn the previous day.

The domestic institutions turned net sellers to the tune of QR3.45mn against net buyers of QR1mn on Sunday.

The Gulf retail investors' net profit booking expanded marginally to QR0.42mn compared to QR0.34mn on October 12.

The local individual investors' net selling weakened substantially to QR3.68mn against QR20.17mn the previous day.

The foreign retail investors' net profit booking decreased markedly to QR3.16mn compared to QR4.14mn on Sunday.

However, the Gulf institutions' net buying strengthened significantly to QR14.81mn against QR4.08mn on October 12.

The Arab individuals were net buyers to the extent of QR7.88mn compared with net sellers of QR2.41mn the previous day.

The Arab institutions had no major net exposure against net buyers to the tune of QR0.31mn on Sunday.

The main market saw 8% jump in trade volumes to 144.47mn shares, 22% in value to QR350.41mn and 40% in deals to 18,746.

In the venture market, a total of 0.14mn equities valued at QR0.34mn changed hands across 63 transactions.

Gulf Times