The foreign institutions turned bearish as the 20-stock Qatar Index knocked off 1.78% to 10,479.41 points.
The market, which was skewed towards shakers, had however opened the trade on a high of 10,681 points, after which it was on a declining path for the rest of the session.
The foreign retail investors were increasingly net profit takers in the main market, whose year-to-date losses widened to 1.89%.
About 76% of the traded constituents were in the red in the main bourse, whose capitalisation tanked 1.82% to QR616.08bn, mainly on account of large and midcap segments.
However, the Gulf institutions were increasingly bullish in the main market, which saw a total of 0.04mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.31mn changed hands across 25 deals.
The domestic funds were seen net buyers in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen declining slower than the main index in the main market, which saw no trading of treasury bills.
The Total Return Index shed 1.78%, All Share Index by 1.78% and Al Rayan Islamic Index (Price) by 1.56% in the main bourse, whose trade turnover and volumes were on the decrease.
The realty sector index plummeted 3.48%, banks and financial services (2.58%), consumer goods and services (1.72%), industrials (1.33%) and insurance (0.97%); while transport gained 1.32% and telecom (0.22%).
Major losers in the main market included Qatar Islamic Insurance, Barwa, Doha Insurance, Salam International Investment, Mazaya Qatar, QNB, Qatar Islamic Bank, Commercial Bank, QIIB, Mannai Corporation, Mekdam Holding, Qatar Electricity and Water, Ezdan and Mesaieed Petrochemical Holding.
Nevertheless, Inma Holding, Milaha, Estithmar Holding, Widam Food and Qatar General Insurance and Reinsurance were among the gainers in the main market. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
The foreign funds turned net sellers to the tune of QR105.29mn compared with net buyers of QR10.31mn on April 14.
The foreign retail investors were net sellers to extent of QR0.9mn against net buyers of QR1.32mn the previous day.
However, the Gulf institutions’ net buying increased substantially to QR53.45mn compared to QR35.48mn on Sunday.
The domestic funds turned net buyers to the tune of QR32.86mn against net sellers of QR33.67mn on May 14.
The Qatari individuals’ net buying expanded significantly to QR29.58mn compared to QR2.59mn the previous day.
The Gulf retail investors were net buyers to the extent of QR1.37mn against net sellers of QR1.26mn on Sunday.
The Arab individuals’ net profit booking declined noticeably to QR5.08mn compared to QR14.77mn on May 14.
The Arab institutions continued to have no major net exposure for the fourth consecutive session.
The main market saw a 4% contraction in trade volumes to 213.32mn shares and 3% in value to QR653.17mn but on 16% growth in deals to 23,664.
