Latest news with #profittaking
Zawya
01-07-2025
- Business
- Zawya
Qatar: QSE breaks six days of winning streak as key index loses 18 points; M-cap melts $359mln
Qatar - Ending six consecutive days of bullish run, the Qatar Stock Exchange (QSE) on Monday fell more than 18 points on selling pressure especially in the consumer goods, transport and industrials sectors. The local retail investors were increasingly net profit takers as the 20-stock Qatar Index shed 0.17% to 10,749.48 points, although it touched an intraday high of 10,799 points. The Arab individuals turned net sellers in the main market, whose year-to-date gains truncated to 1.69%. More than 71% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR1.31bn or 0.21% to QR635.35bn mainly on account of microcap segments. The foreign retail investors were seen bearish in the main market, which saw 0.04mn exchange traded funds (sponsored by AlRayan Bank) valued at QR0.09mn trade across seven deals. The foreign institutions' weakened net selling had its influence on the main bourse, whose trade turnover grew amidst lower volumes. The Islamic index was seen declining slower than the main barometer of the main market, which saw no trading of treasury bills. However, the domestic institutions were increasingly net buyers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index lost 0.17%, the All Share Index by 0.09% and the All Islamic Index by 0.16% in the main market. The consumer goods and services sector index declined 0.55%, transport (0.43%), industrials (0.32%), telecom (0.2%), banks and financial services (0.08%) and real estate (0.04%); while insurance gained 3.22%. Major shakers in the main market include Qatar General Insurance and Reinsurance, Meeza, Medicare Group, Dlala, Qatar German Medical Devices, Salam International Investment, Baladna, Industries Qatar, Ezdan and Mazaya Qatar. In the junior bourse, Techno Q saw its shares depreciate in value. Nevertheless, Qatar Insurance, Gulf Warehousing, Qatar Electricity and Water, Ahlibank Qatar, Al Mahhar Holding and Mesaieed Petrochemical Holding were among the movers in the main market. The local retail investors' net selling increased substantially to QR43.25mn compared to QR26.38mn the previous day. The Arab individual investors turned net sellers to the tune of QR9.92mn against net buyers of QR6.98mn on June 29. The foreign retail investors were net profit takers to the extent of QR2.59mn compared with net buyers of QR1.19mn on Sunday. The foreign institutions' net buying weakened significantly to QR4.99mn against QR25.15mn the previous day. However, the domestic funds turned net buyers to the tune of QR33.06mn compared with net sellers of QR3.56mn on June 29. The Gulf institutions were net buyers to the extent of QR16.17mn against net profit takers of QR2.11mn on Sunday. The Gulf retail investors turned net buyers to the tune of QR1.55mn compared with net sellers of QR1.27mn the previous day. The Arab institutions had no major net exposure against net buyers to the extent of QR0.08mn on June 29. The main market saw 2% fall in trade volumes to 178.83mn shares but on 19% jump in value to QR481.45mn and 77% in deals to 25,564. In the venture market, a total of 0.09mn equities valued at QR0.25mn changed hands across 32 transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Arab News
12-06-2025
- Business
- Arab News
Pakistan stocks retreat as profit-taking offsets recent rally
ISLAMABAD: Pakistan's stock market ended lower on Thursday as investors locked in gains following a recent surge, even though there were no major policy or economic surprises during the session, analysts said. The KSE‑100 Index closed at 124,093, down 260 points, or 0.21 percent, after swinging between an intraday high of 2,365 points and a low of 501 points, reflecting heightened volatility tied to profit-taking in heavyweight sectors. Trading activity was brisk: the broader all‑shares index traded 1.018 billion shares, indicating strong market participation and continued investor engagement . 'The Pakistan stock market ended the session on a negative note, weighed down by cautious investor sentiment and profit-taking activity,' Pakistani brokerage house Topline Securities said in its daily market review. The Pakistani market has rallied over 80 percent in the past year, boosted by a favorable macroeconomic environment, easing inflation, and the resumption of an International Monetary Fund (IMF) support program. That momentum peaked in early June, with the KSE‑100 briefly nearing the 126,700 mark . Profit‑taking was the most likely trigger for Thursday's dip, particularly in the banking, cement, and energy sectors, where gains had been steepest in recent weeks. Market participants are also assessing the federal budget for 2025-26, released this week, which aims to boost GDP growth to 4.2 percent, reduce the fiscal deficit, and implement reforms under a broader $7 billion IMF program. With profit-booking likely to persist, analysts predict a period of range-bound trading in the short term. The budget's implementation and IMF engagement will be key drivers, with any setbacks in revenue mobilization or delays in reform efforts presenting downside risks. That said, if broader economic stability holds and reforms proceed as planned, sentiment is likely to stabilize, keeping the market on solid footing, analysts say.
Malay Mail
08-05-2025
- Business
- Malay Mail
Bursa Malaysia ends lower as profit-taking hits financial counters
KUALA LUMPUR, May 8 — Bursa Malaysia gave up early gains to close lower today, as profit-taking emerged in selected financial services counters, amid cautious sentiment on the regional market, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.46 per cent, or 7.16 points, to 1,542.74 from yesterday's close of 1,549.90. Maybank and CIMB were the top two contributors to the benchmark index's decline, falling 12 sen to RM9.88 and 8.0 sen to RM6.87, respectively, with a combined negative contribution of 3.55 points. The market bellwether opened 0.31 of-a-point higher at 1,550.21, and moved between 1,541.45 and 1,551.59 throughout the day. In the broader market, however, gainers outpaced losers 514 to 407, while 479 counters were unchanged, 951 untraded, and nine suspended. Turnover swelled to 3.36 billion units worth RM2.71 billion compared to 2.84 billion units worth RM2.43 recorded on Wednesday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the local benchmark index was unable to extend the momentum from yesterday's gains as sentiment turned cautious despite a broadly supportive global backdrop. 'As anticipated, the US Federal Reserve (Fed) maintained its policy rate at 4.25 – 4.5 per cent, while flagging heightened uncertainty and signalling two-sided risks. 'In addition to the Fed's Federal Open Market Committee (FOMC) decision, Bank Negara Malaysia's Monetary Policy Committee (MPC) meeting also concluded today with a decision to keep the Overnight Policy Rate (OPR) unchanged,' he told Bernama. He said this domestic policy stability appeared to provide a lift to the utilities sector, which led the gainers today. 'Despite the broader market pullback, we maintain a constructive view that the FBM KLCI's recent relief rally remains intact, with potential to test the 1,555 level — last seen on March 4, the day US President Donald Trump announced his initial wave of tariffs on imports. 'This level carries historical significance and reflects the index's sensitivity to global trade policy developments,' he said. Among other heavyweights, Public Bank shed 2.0 sen to RM4.45, CelcomDigi declined 4.0 sen to RM3.87, Hong Leong Bank dipped 6.0 sen to RM19.94, while Tenaga Nasional gained 14 sen to RM14.30 and IHH Healthcare added 1.0 sen to RM7.01. For active stocks, Nationgate increased 9.0 sen to RMRM1.58, Tanco rose 1.5 sen to 91.5 sen, Velesto and MYEG earned half-a-sen each to 16 sen and 90 sen, respectively, while Fibromat slid 5.5 sen to 49.5 sen. On the index board, the FBM Emas Index was 27.78 points lower at 11,491.81, the FBMT 100 Index shed 34.28 points to 11,257.03, and the FBM Emas Shariah Index trimmed 4.68 points to 11,433.33. The FBM 70 Index garnered 21.79 points to 16,266.03 and the FBM ACE Index rose 9.25 points to 4,660.86. Across sectors, the Financial Services Index dropped 133.72 points to 18,054.89, the Industrial Products and Services Index went up 0.72 of-a-point to 153.01, the Energy Index climbed 1.39 points to 686.44, while the Plantation Index tumbled 104.26 points to 7,201.03. The Main Market volume improved to 1.57 billion units valued at RM2.40 billion against yesterday's 1.42 billion units worth RM2.16 billion. Warrants turnover advanced to 1.38 billion units worth RM184.14 million from 1.05 billion units valued at RM150.97 million previously. The ACE Market volume expanded to 403.45 million units valued at RM138.55 million compared with 371.32 million units worth RM118.03 million on Wednesday. Consumer products and services counters accounted for 228.50 million shares traded on the Main Market, industrial products and services (245.19 million), construction (95.94 million), technology (231.02 million), SPAC (nil), financial services (71.77 million), property (208.30 million), plantation (23.20 million), REITs (11.16 million), closed/fund (6,100), energy (183.28 million), healthcare (90.61 million), telecommunications and media (60.27 million), transportation and logistics (42.91 million), utilities (77.35 million), and business trusts (57,200). — Bernama
