The foreign institutions were seen increasingly into net selling as the 20-stock Qatar Index shed 0.62% to 10,338.73 points, in contrast to the regional markets that closed higher on prospects of the US averting a major debt default.
About three-fourth of the traded constituents were in the red in the main market, which however touched an intraday high 10,442 points.
The local retail investors were seen net profit takers in the main bourse, whose year-to-date losses widened further to 3.21%.
The Arab individuals were seen bearish in the main bourse, whose capitalisation shed 0.71% to QR614.51bn, mainly on account of midcap segments.
The weakened net buying of foreign and Gulf individuals had its influence in the main bourse, which saw a total of 4,787 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.02mn changed hands across three deals.
However, the Gulf and domestic institutions were increasingly net buyers in the main market, which saw no trading of sovereign bonds.
The Islamic index was seen declining faster than the other indices in the main market, which saw no trading of treasury bills.
The Total Return Index shrank 0.62%, All Share Index by 0.68% and Al Rayan Islamic Index (Price) by 0.99% in the main bourse, whose trade turnover grew amidst lower volumes.
The realty sector index plummeted 2.17%, insurance (1.14%), industrials (1.11%), transport (0.75%), consumer goods and services (0.62%), banks and financial services (0.28%) and telecom (0.25%).
Major shakers in the main market included Mazaya Qatar, Al Khaleej Takaful, Gulf International Services, Qatar Oman Investment, Alijarah Holding, Industries Qatar, Masraf Al Rayan, Lesha Bank, Qatari German Medical Devices, Salam International Investment, Widam Food, Al Meera, Qatari Investors Group, Estithmar Holding, Qamco, Qatar Insurance, Ezdan, Milaha and Gulf Warehousing.
Nevertheless, Beema, Dlala, Doha Bank, QLM and Commercial Bank were among the gainers in the main market. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.
The foreign institutions’ net selling increased substantially to QR54.53mn compared to QR34.11mn on May 29.
The Qatari individuals turned net sellers to the tune of QR4.22mn against net buyers of QR20.63mn the previous day.
The Arab individuals were net sellers to the extent of QR3.8mn compared with net buyers of QR2.92mn on Monday.
The foreign individual investors’ net buying declined perceptibly to QR0.65mn against QR1.72mn on May 29.
The Gulf retail investors’ net buying weakened marginally to QR0.01mn compared to QR0.37mn the previous day.
However, the Gulf institutions’ net buying increased significantly to QR37.61mn against QR3.45mn on Monday.
The domestic institutions’ net buying enhanced considerably to QR23.87mn compared to QR4.94mn on May 29.
The Arab institutions’ net buying strengthened noticeably to QR0.42mn against QR0.08mn the previous day.
The main market saw a 7% contraction in trade volumes to 239.16mn shares but on 14% jump in value to QR653.86mn and 18% in deals to 23,490.