About 67% of the traded stocks were in the red as the 20-stock Qatar Index shed 0.82% to 9,959.67 points.
Banks and realty counters witnessed the maximum selling pressure in the market, which is down 4.5% year-to-date.
The index that tracks Shariah-principled stocks was seen melting faster than the other indices in the market, where the overall trading turnover was seen expanding.
The bearish outlook of Gulf individual investors also had its role in dampening the market, where real estate, banking, industrials and telecom sectors together accounted for about 86% of the total trading volume.
Market capitalisation fell 0.89% or about QR5bn to QR528.93n with small, large and mid cap equities melting 1.45%, 1.01% and 0.49% respectively; while micro caps gained 0.42%.
The Total Return Index shed 0.82% to 15,480.87 points, All Share Index by 0.87% to 2,656.55 points and Al Rayan Islamic Index by 0.88% to 3,668.84 points.
Banks and financial services stocks plummeted 1.31%, realty (1.15%), consumer goods (0.68%), insurance (0.54%), industrials (0.53%) and telecom (0.18%); whereas transport gained 0.39%.
Major losers being QNB, Industries Qatar, Commercial Bank, Masraf Al Rayan, Gulf International Services, Mesaieed Petrochemical Holding, Barwa, Mazaya Qatar, Ezdan and Vodafone Qatar; even as Nakilat, United Development Company and Islamic Holding Group bucked the trend.
Non-Qatari institutions’ net selling increased to QR9.07mn compared to QR2mn the previous day.
Domestic institutions’ net profit booking strengthened to QR5.56mn against QR2.56mn on January 4.
The GCC (Gulf Cooperation Council) individuals turned net sellers to the tune of QR1.67mn compared with net buyers of QR3.19mn on Monday.
The GCC institutions’ net buying weakened to QR1.16mn against QR1.25mn the previous day.
However, non-Qatari individual investors turned net buyers to the extent of QR5.63mn compared with net sellers of QR0.69mn on January 4.
Local retail investors’ net buying increased to QR9.5mn against mere QR0.82mn on Monday.
Total trade volume rose 14% to 3.48mn shares, value by 19% to QR129.2mn and deals by 20% to 2,783.
The transport sector’s trade volume almost quadrupled to 0.3mn equities and value also almost quadrupled to QR7.76mn on 86% jump in transactions to 110.
The telecom sector saw 28% increase in trade volume to 0.59mn stocks, 66% in value to QR13.08mn and 67% in deals to 475.
The real estate sector’s trade volume soared 14% to 0.91mn shares, value by 15% to QR20.06mn and transactions by 10% to 459.
The banks and financial services sector reported 13% surge in trade volume to 0.88mn equities, 41% in value to QR54.07mn and 35% in deals to 982.
However, the insurance sector’s trade volume plummeted 57% to 0.03mn stocks, value by 56% to QR2mn and transactions by 18% to 47.
There was 32% plunge in the consumer goods sector’s trade volume to 0.17mn shares, 38% in value to QR4.96mn and 9% in deals to 184.
The industrials sector’s trade volume was down 3% to 0.6mn equities, value by 11% to QR27.27mn and transactions by 8% to 526.
In the debt market, there was no trading of treasury bills and government bonds.
