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A higher than average selling pressure in real estate, consumer goods and banking counters led the 20-stock Qatar Index to shed 0.74% to 10,424.2 points.
The market, which was skewed towards shakers, however saw its key barometer recover from an intraday low of 10,387 points.
The Arab individual investors were seen net profit takers in the main market, which reported 2.4% losses on a year-to-date basis.
More than 71% of the traded constituents were in the red in the main bourse, whose capitalisation saw QR7.78bn or 1.31% erosion to QR588.04bn, mainly led by mid and small cap segments.
The Gulf institutions were seen net sellers in the main market, which saw a total of 8,500 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR19,660 changed hands across three deals.
The Arab institutions’ net buying weakened marginally in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen declining faster than the key index in the main market, which saw no trading of treasury bills.
The Total Return Index shed 0.74%, the Al Rayan Islamic Index (Price) by 0.88% and the All Share Index by 1.02% in the main bourse, whose trade turnover and volumes were on the increase.
The realty index plummeted 2.77%, consumer goods and services (1.34%), banks and financial services (1.2%), telecom (0.88%), industrials (0.64%) and insurance (0.5%); while transport was up 0.09%.
Major shakers in the main market included Inma Holding, Mazaya Qatar, Ezdan, Qatar Industrial Manufacturing, QLM, QNB, Doha Bank, QIIB, Lesha Bank, Qatari German Medical Devices, Salam International Investment, Mekdam Holding, Estithmar Holding, Mesaieed Petrochemical Holding, United Development Company and Gulf Warehousing.
Nevertheless, Beema, Qatar Islamic Insurance, Qatar General Insurance and Reinsurance, Commercial Bank, Qatar Islamic Bank and Milaha were among the gainers in the main market.
The Arab individuals were net sellers to the tune of QR7.43mn compared with net buyers of QR1.55mn on February 8.
The Gulf institutions turned net sellers to the extent of QR5mn against net buyers of QR22.43mn the previous day.
The Arab institutions’ net buying declined marginally to QR0.2mn compared to QR0.45mn on Wednesday.
However, the domestic funds’ net buying increased significantly to QR18.53mn against QR0.01mn on February 8.
The foreign individuals’ net buying strengthened perceptibly to QR6.33mn compared to QR5.45mn the previous day.
The Gulf retail investors’ net buying expanded noticeably to QR2.33mn against QR0.47mn on Wednesday.
The foreign institutions’ net profit booking shrank markedly to QR7.13mn compared to QR18.28mn on February 8.
The local individuals’ net selling weakened notably to QR7.82mn against QR12.08mn the previous day.
The main market saw 43% surge in trade volumes to 161.42mn shares, 41% in value to QR593.46mn and 40% in deals to 19,708.
