An across-the-board selling, notably within real estate and industrials, Monday dragged the Qatar Stock Exchange more than 92 points and placed its key barometer at sub-10,500 levels.
Foreign institutions were seen net profit takers as the 20-stock Qatar Index fell 0.87% for the fourth straight session to 10,489.17 points.
Non-Qatari individual investors continued to be net buyers, but with lesser vigour in the market, which is up 0.61% year-to-date.
Market capitalisation saw about QR5bn or 0.81% decline to QR582.4bn, mainly owing to mid and small cap segments.
Islamic stocks were seen declining slower than the main index on the bourse, where the local retail investors and domestic funds were increasingly net buyers.
Trade turnover and volumes were on the increase on the bourse, where banking, realty and industrials sectors together accounted for about 82% of the total volume.
The Total Return Index shed 0.87% to 19,300.96 points, All Share Index by 0.84% to 3,113.13 points and Al Rayan Islamic Index (Price) by 0.85% to 2,316.27 points.
The real estate index shrank 1.35%, industrials (1.05%), banks and financial services (0.87%), telecom (0.72%), insurance (0.64%), consumer goods (0.4%) and transport (0.2%).
About 78% of the traded constituents were in the red with major losers being Qatar Electricity and Water, Qatari Investors Group, Gulf International Services, Mesaieed Petrochemical Holding, Vodafone Qatar, Mazaya Qatar, Barwa, United Development Company, Gulf Warehousing, Commercial Bank, Doha Bank and Mannai Corporation; while Alijarah Holding, Ahlibank Qatar and Islamic Holding Group were among the gainers.
Non-Qatari funds turned net profit takers to the tune of QR18.05mn against net buyers of QR0.64mn on January 26.
Non-Qatari individuals’ net buying declined marginally to QR0.24mn compared to QR0.25mn the previous day.
However, local retail investors’ net buying increased substantially to QR7.7mn against QR1.64mn on Sunday.
Domestic institutions’ net buying also grew significantly to QR6.73mn compared to QR1.2mn on January 26.
The Gulf institutions were net buyers to the extent of QR2.02mn against net sellers of QR4.51mn the previous day.
The Gulf individuals’ net buying expanded perceptibly to QR1.35mn compared to QR0.79mn on Sunday.
Total trade volumes rose 11% to 60.3mn shares, value by 19% to QR133.5mnm and transactions by 16% to 2,998.
The telecom sector’s trade volume grew about five-fold to 3.5mn equities and value almost doubled to QR5.61mn but on 4% fall in deals to 134.
The consumer goods sector’s trade volume soared 75% to 5.59mn stocks, value by 22% to QR10.45mn and transactions by 29% to 351.
There was 33% surge in the insurance sector’s trade volume to 0.85mn shares on almost doubled value to QR2.67mn on almost five-fold growth in deals to 151.
The industrials sector’s trade volume shot up 13% to 11.26mn equities, value by 42% to QR28.41mn and transactions by 23% to 642.
The banks and financial services sector saw 9% jump in trade volume to 19.72mn stocks, 14% in value to QR61.47mn and 9% in deals to 1,060.
However, the transport sector’s trade volume plummeted 71% to 0.92mn shares, value by 47% to QR4.39mn and transactions by 51% to 88.
The real estate sector reported 1% dip in trade volume to 18.45mn equities but on 23% expansion in value to QR20.49mn and 19% in deals to 572.
In the debt market, there was no trading of sovereign bonds and treasury bills.