The Qatar Stock Exchange on Monday fell for the second straight session by another huge 122 points to settle below 8,900 levels on an across-the-board selling pressure, especially in telecom, realty, transport and industrials.

The Gulf funds were increasingly net sellers and local retail investors turned bearish as the 20-stock Qatar Index lost another sizeable 1.36% to 8,837.65points.
Non-Qatari individuals were also bearish and there was also increased net selling by their Gulf counterparts on the bourse, which is, however up 3.69% year-to-date.
Profit booking was particularly stronger in the large and midcap segments in the market, whose capitalisation eroded 1.92% to QR479.73bn.
Islamic stocks were seen declining slower than the other indices on the bourse, which, however, saw foreign institutions turn bullish and lower selling by their domestic counterparts.
Trade turnover and volumes were on the increase in the market, where banking, real estate and industrials sectors together accounted for more than three-fourth of the total volume.
The Total Return Index shed 1.36% to 14,820.22 points, Al Rayan Islamic Index by 0.62% to 3,522.33 points and All Share Index by 1.73% to 2,478 points.
The telecom index plummeted 3.02%, realty (2.93%), transport (2.45%), industrials (2.15%), banks and financial services (1.1%), insurance (0.76%) and consumer goods (0.7%).
As much as 75% of the stocks were in the red with major losers being QNB, Ooredoo, Nakilat, Ezdan, Industries Qatar, Gulf International Services, Qatari Investors Group, Aamal Company, Mesaieed Petrochemical Holding, Milaha, Qatar First Bank, Al Khaliji, Alijarah Holding and Salam International Investment; while Qatar Islamic Bank, Medicare Group and Qatari German Company for Medical Devices were among the gainers.
The Gulf institutions’ net profit booking strengthened perceptibly to QR7.71mn compared to QR6.83mn on February 4.
Local individuals turned net profit takers to the tune of QR5.46mn against net buyers of QR13.8mn the previous day.
Non-Qatari retail investors were also net sellers to the extent of QR2.61mn compared with net buyers of QR0.93mn on Sunday.
The Gulf individual investors’ net profit booking rose influentially to QR2.42mn against QR0.73mn on February 4.
However, non-Qatari funds turned net buyers to the tune of QR19.71mn compared with net sellers of QR0.53mn the previous day.
Domestic institutions’ net profit booking weakened considerably to QR1.47mn against QR6.63mn on Sunday.
Total trade volume grew 70% to 9.82mn shares, value by 49% to QR271.54mn and transactions by 40% to 4,582.
The banks and financial services sector’s trade volume more than doubled to 4.01mn equities and value almost doubled to QR140.75mn on 79% increase in deals to 1,742.
The transport sector’s trade volume more than doubled to 0.81mn stocks and value more than doubled to QR21.63mn on more than doubled transactions to 443.
The market witnessed 50% surge in the industrials sector’s trade volume to 1.64mn shares, 55% in value to QR40.97mn and 12% in deals to 797.
The insurance sector’s trade volume soared 50% to 0.12mn equities, value by 23% to QR4.71mn and transactions by 40% to 102.
The real estate sector reported 44% increase in trade volume to 1.74mn stocks, 23% in value to QR27.33mn and 28% in deals to 835.
The consumer goods sector’s trade volume shot up 16% to 0.5 shares, whereas value declined 40% to QR19.02mn and transactions by 21% to 292.
There was 8% expansion in the telecom sector’s trade volume to 0.99mn equities, 7% in value to QR17.14mn and 18% in deals to 371.
In the debt market, there was no trading of treasury bills and sovereign bonds.