(MENAFN- Gulf Times) Bearish pressures gripped the Qatar Stock Exchange for the third consecutive day on Monday and its key index lost another 69 points, largely dragged by real estate stocks.
Increased net selling pressure and substantially lower buying interests of Gulf Cooperation Council (GCC) retail investors led the 20-stock Qatar Index slide 0.57% to 12,013.53 points amidst rising volumes.
Non-Qatari individual investors were seen net profit takers in the market, which is, down 2.22% year-to-date.
Large, mid and micro cap equities witnessed the maximum selling pressure in the bourse, where trading was largely skewed towards the realty and banking sectors, whose stocks together constituted about 58% of the overall trading volume.
Market capitalisation shed 0.45% or about QR3bn to QR637.74bn with large cap equities melting 0.47%, mid and micro (0.36% each), and small caps (0.08%).
The Total Return Index fell 0.57% to 18,669.65 points, All Share Index by 0.5% to 3,210.85 points and Al Rayan Islamic Index by 0.57% to 4,684.47 points.
Realty stocks shrank 1.23%, banks and financial services (0.48%), consumer goods (0.44%), industrials (0.34%), telecom (0.15%) and insurance (0.04%); even as transport was up 0.01%
About 63% of the stocks were in the red with major losers being Ezdan, Mazaya Qatar, Barwa, QNB, Doha Bank, QIIB, Masraf Al Rayan, Alijarah Holding, Aamal Company, Gulf International Services and Qatari German Company for Medical Devices.
Local retail investors' net profit booking increased to QR70.53mn compared to QR21.4mn the previous day.
The GCC retail investors' net buying substantially weakened to QR0.98mn against QR43.07mn on Sunday.
Non-Qatari individual investors turned net sellers to the tune of QR2.34mn compared with net buyers of QR1.01mn on June 28.
However, domestic institutions turned net buyers to the extent of QR70.92mn against net sellers of QR6.72mn the previous day.
Non-Qatari institutions were also net buyers to the tune of QR1.19mn compared with net sellers of QR14.64mn on Sunday.
The GCC institutions' net profit booking decreased to QR0.22mn against QR0.82mn on June 28.
Total trade volume rose 87% to 4.8mn shares, value by 43% to QR217.09mn and deals by 29% to 2,274.
The telecom sector's trade volume more than doubled to 0.6mn equities, value surged 71% to QR15.93mn and transactions by 18% to 230.
The real estate sector's trade volume more than doubled to 1.74mn stocks, value soared 56% to QR46.31mn and deals by 38% to 517.
The industrials sector's trade volume more than doubled to 1.03mn shares, value expanded 28% to QR45.48mn and transactions by 4% to 626.
The consumer goods sector saw 95% increase in trade volume to 0.39mn equities, 39% in value to QR12.07mn and 39% in deals to 198.
The banks and financial services sector's trade volume shot up 23% to 0.92mn stocks, value by 35% to QR89.55mn and transactions by 48% to 594.
However, there was 33% plunge in the transport sector's trade volume to 0.04mn shares, 46% in value to QR0.87mn and 16% in deals to 38.
A total of 80,703 insurance equities valued at QR6.89mn changed hands across 71 transactions.
In the debt market, there was no trading of treasury bills and government bonds.
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